Scirocco Energy plc reported operational progress at its gas interests at Ruvuma and Kiliwani North in Tanzania. RUVUMA The company holds a 25% non-operated interest on the Ruvuma production sharing agreement. Operator ARA Petroleum Tanzania Ltd (APT) is directing a seismic acquisition programme and preparations to drill the Chikumbi-1 (CH-1) well. APT has also […]
Day: 15 November 2024
Angus Energy raises £675,000 via placing
Angus Energy plc has raised £675,000 through placing 61,363,634 ordinary shares to certain investors at a price of 1.1 pence per share. PROCEEDS The issue of shares represents less than 5% of the enlarged capital of the group. Net proceeds of the placement will go towards working capital and general costs. Angus said that following admission, the total number […]
United exits Italy with sale of Selva to Prospex
United Oil & Gas plc said it had completed the sale of its assets in the Podere Gallina licence containing the Selva gas development project in Italy. APPROVAL The company sold its 100% share capital of UOG Italia Srl to PXOG Marshall Ltd, a subsidiary of Prospex Energy plc for €2,164,701 following final approvals from the […]
Cornish Lithium appoints Janet Blas as NED
Cornish Lithium Ltd has appointed mining industry executive Janet Blas as an independent non-executive director. Ms Blas is currently chief financial officer of Bacanora Lithium, which was acquired by Ganfeng Lithium in December 2021 for approximately £275 million. She is a certified public accountant who has held a number of senior financial roles. These have […]
Cornish Lithium appoints CFO Varshan Gokool as director
Cornish Lithium has appointed chief financial officer Varshan Gokool to the board as an executive director. Mr Gokool joined the company in November 2020, bringing more than 20 years’ mining industry experience. He has worked for Euromax Resources in North Macedonia, European Goldfields in Greece and Romania and Katanga Mining in the Democratic Republic of […]
Cornish Lithium appoints Ian Cockerill as chairman among board changes
Cornish Lithium Ltd has appointed Ian Cockerill as independent non-executive chairman among a series of board changes. He replaces Derek Linfield who will become a non-executive director. Former NED Louise Wrathall will leave the board to concentrate on her other business interests. Mr Cockerill has more than 45 years’ experience in the global natural resources […]