Jersey Oil & Gas plc (JOG) has appointed Graham Forbes as chief financial officer (CFO) with immediate effect. Mr Forbes is a chartered accountant with more than 20 years’ experience in the oil and gas industry and was CFO of Ithaca Energy from 2010 to 2020. He qualified at PriceWaterhouseCoopers before moving to ExxonMobil, where […]
Month: November 2024
JOG appoints Les Thomas as non-executive chairman
Jersey Oil & Gas plc (JOG) has appointed Les Thomas as non-executive chairman. He was formerly a non-executive director and has replaced Marcus Stanton. Mr Stanton had been non-executive chairman for the past six years and will remain on the board as a NED and chair of the audit committee. Mr Thomas has more than […]
Power Metal increases rare earth-uranium assets in Australia
Power Metal Resources plc has increased its uranium and rare earth elements portfolio by acquiring 100% of the Selta project in the Northern Territory, Australia. SELTA The deal is through the company’s subsidiary, First Development Resources Ltd (FDR), in an all-FDR share transaction to acquire Australian company URE Metals Pty Ltd which owns the project. FDR will start exploration […]
EnQuest lowers forecast over challenging production
EnQuest plc has lowered its forecast due to “challenging” production at Magnus and Kraken fields in the North Sea as well as in Malaysia. CHALLENGING The group expects production for the year to be around 45,000 boepd, including the contribution from Golden Eagle. The figure is lower than the 46,000 and 52,000 boepd announced in […]
Tertiary to exercise Zambia copper option
Tertiary Minerals plc announced it will exercise its option to acquire up to a 90% joint venture interest in the four additional large copper exploration licences in Zambia. EXPLORATION The company’s 96% owned local subsidiary, Luangwa Minerals Ltd will enter into agreements to acquire the licences held by Mwashia Resources Ltd. These include 27065-HQ-LEL (Lubuila), […]
OGA investigates possible breach of field production consents
The Oil and Gas Authority (OGA) has opened an investigation into a possible breach of field production consents, contrary to the requirements of the licences. FAILURE TO COMPLY The authority said that the investigation followed an enquiry which concluded that there was sufficient initial evidence for a full investigation into a potential failure to comply with such consents. The investigation follows the publication in […]