Tullow Oil plc announced it would increase its equity interest in the Jubilee and TEN fields in Ghana. PRE-EMPTION The company has exercised its right of pre-emption related to the sale of Occidental Petroleum’s interests in the fields to Kosmos Energy. Tullow aims to increase its share in the Deepwater Tano (DWT) block by 7.7% to a total […]
Month: November 2024
Caerus signs JV for copper-gold licences in Cyprus
Caerus Mineral Resources plc has signed a joint venture agreement with Bezant Resources plc covering the Troulli, Kokkinapetra and Anglisides copper-gold licences in Cyprus. TERMS The JV began with immediate effect with Bezant’s financial contribution backdated from the start of diamond drilling at Troulli on 16 September 2021. The companies had committed an initial sum of […]
Oriole notes start of drilling on Hodine gold licence
Oriole Resources plc said drilling had started at its gold project interest in the Hodine exploration licence, Egypt. BUSINESS STRUCTURE The company holds a 24.92% interest in Thani Stratex Resources Ltd (TSR) which, through its local subsidiary Thani Dubai Mining, holds a 93% interest in the licence. Hodine is held by Red Sea Resources Ltd […]
Cornish Tin appoints Clive Newall as a director
Cornish Tin Ltd has appointed Geoffrey Clive Newall as a director of the company. Mr Newall was earlier this month appointed as non-executive chairman of the board.
OGA opens third 2021 compliance investigation
The Oil and Gas Authority (OGA) said it had opened an investigation into a possible breach of field production consents contrary to the requirements of the licences. SANCTION PROCEDURE This is the third investigation into compliance matters opened by the industry regulatory body during 2021. The OGA said it had started the latest investigation under its sanction procedure. This follows […]
Hummingbird on course to meet RGMPs
Hummingbird Resources plc said it was on course to conform fully to the World Gold Council’s responsible mining standards by 2022. PRINCIPLES The African-focused gold miner added it had received an external audited assurance report that it was adhering to the council’s Responsible Gold Mining Principles (RGMPs) A report from RSM Risk Assurance Services LLP […]