IGas plc said it welcomed the Government’s call for a scientific review of shale gas extraction by the British Geological Survey. OPPORTUNITY The department for business, energy and industrial strategy (BEIS) today announced it had commissioned a scientific review, with a report expected by the end of June 2022. IGas chief executive Stephen Bowler said […]
Day: 15 November 2024
VOG temporarily stops trading after $12m award ruling
Victoria Oil & Gas plc (VOG)’s shares were yesterday suspended after an arbitral tribunal of the International Chamber of Commerce (ICC) ruled against the company’s subsidiary Gaz du Cameroon, making an award of US$12.1 million. NO DELAYS The dispute between GDC and RSM Production Corporation relates to previous work in Cameroon. The company said that […]
Government orders scientific review of shale gas extraction
The Government today commissioned the British Geological Survey (BGS) to review the latest scientific evidence on shale gas extraction. MORATORIUM In 2019, the North Sea Transition Authority (previously the Oil and Gas Authority) found it was impossible to predict accurately the probability or magnitude of earthquakes linked to hydraulic fracturing operations. There were also reported […]
Altus revenue reaches $1.7m from Newcrest royalties
Altus Strategies plc reported copper and gold royalty revenues of US$1.7 million (pre-tax) in the first quarter since acquiring the royalties portfolio from Newcrest Mining Ltd. INTERESTS The company currently owns 33 royalty interests including royalties on four producing mines of the Caserones copper mine in Chile, the South Kalgoorlie Operations (SKO) gold mine and […]