Serica Energy plc said it expected full-year production to drop slightly due to a short delay to the start of operations on its Columbus field in the Central North Sea. SHEARWATER Chef executive Mitch Flegg added that there would be no significant long-term impact from the short delay. Columbus hydrocarbons will be processed on the […]
Month: November 2024
Kavango identifies downhole conductive anomaly at KSZ
Kavango Resources plc said it had identified the upper edge of a conductive anomaly from an initial downhole electromagnetic (DHEM) survey at its Kalahari Suture Zone (KSZ) project in Botswana. SURVEY The DHEM survey, completed to a depth of 1.001m, was in drill hole TA2DD002 which is the second of the current drill campaign. Kavanago […]
Power Metal acquires FDR Australia
Power Metal Resources plc has acquired 100% of First Development Resources Pty Ltd (FDR Australia) following the grant of the final copper-gold licence in the Paterson Region of Western Australia. REVISED AGREEMENT Earlier in 2021, the company made an offer, conditional on the granting of the final licence in the Wallal project, for 75% of the Australian company. […]
Condor raises £4.1m via private placement
Condor Gold plc has raised £4.1 million before expenses from a private placement through issuing new ordinary shares representing 8.7% of the company’s existing issued share capital. UNITS The company placed 11,714,286 units each at 35p including a directors and chief financial officer’s subscription. Four directors Mark Child, Andrew Cheatle, Ian Stalker and Jim Mellon, […]
Orcadian receives FPSO interests for Pilot oil field
Orcadian Energy plc said it had received three expressions of interest to provide an FPSO for the Pilot oil field development in the central North Sea. WIND POWER Three of four providers, currently operating FPSOs on the UK Continental Shelf, submitted detailed proposals. Orcadian expects discussions to take several months before it makes a decision. […]
Cairn receives shareholder approval for $460m Catcher and Kraken sale
Cairn Energy plc has received shareholder approval for the US$460 million sale of its Catcher and Kraken interests in the North Sea. On 28 October, the company’s shareholders voted on the proposal at a general meeting where the resolution was passed by the requisite majority. The sale involves Cairn’s entire 20% interest in Catcher and […]