Cairn Energy plc announced it had officially changed its name to Capricorn Energy plc. The company announced its intention last month, adding that the majority of its subsidiaries were already known as Capricorn.
Month: November 2024
Rockhopper CFO Stewart MacDonald to step down
Rockhopper Exploration plc announced that Stewart MacDonald will step down as executive director and chief financial officer on 31 January 2022. Mr MacDonald is to take up a senior leadership role with another company. Following his departure, Rockhopper’s financial controller since 2011 William Perry will lead the company’s finance function but will not join the […]
UKOG to complete Phase I of 2D seismic ahead of drilling at Basur-Resan JV
UK Oil & Gas plc (UKOG) said that the first tranche of 2D seismic acquisition is due to be completed within Q2 2022 at its Basur-Resan 50% joint venture in Turkey. SEISMIC The company holds a non-operated interest with partner and operator Aladdin Middle East (AME). During August, AME temporarily halted drilling of the proposed […]
Power Metal subsidiary raises £750,000 for listing
Power Metal Resources plc said that its subsidiary Golden Metal Resources Ltd had raised £750,000 in pre-IPO financing for its planned listing and operational expenses for its projects in Nevada, USA. PROJECTS Golden Metal’s portfolio includes the Pilot Mountain tungsten (with copper, silver and zinc) and Golconda Summit (gold). LISTING Capital restructuring of Golden Metal share capital will enable additional […]
Anglesey starts PFS for Grängesberg
Anglesey Mining plc said that a pre-feasibility study (PFS) had started at its iron ore project in Grängesberg, Sweden. HISTORY The company holds an almost 20% interest and management rights to the project, together with a right of first refusal to increase its interest by a further 50.1%. During the life of the original operation, […]
Serica Energy reports 80% gas flow from Columbus
Serica Energy plc reported that hydrocarbons comprising 80% gas had started flowing from Columbus C1z development well into the Arran subsea system. CAPACITY The commingled Arran and Columbus production streams are being exported to the Shearwater platform for processing and onward export to the gas and liquid sales points. For the first 14 days from […]