UK Oil & Gas plc (UKOG) said that the secretary of state had recovered the company’s appeal against Surrey County Council’s refusal to allow the Loxley gas appraisal drilling project. ISSUES The company added that the planning inspectorate had informed UKOG of the move. Michael Gove, in charge of the department for levelling up, housing […]
Day: 15 November 2024
Angus considers sale of company and Saltfleetby gas interests
Angus Energy plc today announced it was considering selling the company as part of a strategic review. MARKET VALUE The onshore hydrocarbon producer said that the sale of some or all of its interest (51%) in the Saltfleetby gas field, Lincolnshire was also under consideration. Angus added it remained fully committed to achieving first gas […]
Red Rock acquires gold projects in Burkina Faso
Red Rock Resources plc has acquired two prospective exploration projects covering 348 km2 in the prolific Boromo and Banfora Greenstone Belts, southwest Burkina Faso. BILBALE AND BOULON The company said that Bilbale (183.62 km²) and Boulon (164.28 km²) had artisanal activity which showed evidence of the presence of high grade gold. The assets are held by […]
Red Rock obtains $2.5m payment order for Katanga partner
Red Rock Resources plc said it had obtained a $2.5 million payment order instructing its joint venture partner in the copper-cobalt licences in Katanga, the Democratic Republic of Congo. VINDICATION The company, with 50.1%, ownership, obtained the order from the Commercial Court in Lubumbashi instructing Vumilia Pendeza SA (VUP) to pay it $2,505,000 as a […]
CAML appoints Mike Armitage as NED
Central Asia Metals plc has appointed Dr Mike Armitage to the board as an independent non-executive director effective 10 January 2022. Dr Armitage, who will also join the sustainability committee, has some 35 years’ experience in the mining industry. He spent his early career working underground as a geologist in South Africa before joining […]
Capricorn withdraws legal action ahead of $1bn refund
Capricorn Energy plc has withdrawn all global enforcement proceedings against the Indian government ahead of a US$1.06bn tax refund. COLLABORATION The move signifies the final stage of undertakings by the company and its subsidiary Cairn Energy Holdings Ltd with the Indian authorities. “This concludes all the necessary steps required of the company under the rules […]