Offshore Energies UK (OEUK) has described the new taxes imposed on the country’s offshore oil and gas operators as “a backward step”. IMPORTS The industry body warned that the Energy Profits Levy announced today would discourage UK offshore energy investments, resulting in decreases in oil and gas exploration and production and a rise in imports. OEUK’s chief […]
Day: 15 November 2024
Caerus appoints Christopher Lambert as chairman
Caerus Mineral Resources plc has appointed Christopher Lambert as executive chairman, among a series of board changes. Mr Lambert has a background in financial services and commodity trading in London. He also has extensive experience in non-executive and executive chairman roles for public companies, and of asset identification and acquisition in the natural resources sector. […]
Caerus renews alliance with investor EV Metals
Caerus Mineral Resources plc said it would renew and expand its strategic alliance with global battery chemicals and technology business EV Metals Group (EVM). AUTOMOTIVE PRODUCTS EVM has been the company’s cornerstone investor since Caerus’s admission to AIM in March 2021. Caerus said that EVM had approached the company to renew and expand the original […]
CAML appoints Louise Wrathall as executive director
Central Asia Metals has appointed Louise Wrathall to the board as executive director of corporate development. Ms Wrathall has been a key member of the senior management team since she joining the company in 2015. Central Asia Metals said that her appointment emphasised the importance the company placed on investor relations, business development and environmental, […]
Central Asia NED Robert Cathery retires
Central Asia Metals plc announced that non-executive director and chair of the remuneration committee Robert Cathery has retired from the board. He was also responsible for transforming the company’s long-term incentive plan and incorporating its wider sustainability targets into executive director and management remuneration.
Egdon records £2.2m revenue and repays £1m loan
Egdon Resources plc has repaid the £1 million facility loan to Union Jack Oil plc and recorded £2m revenue from its onshore oil projects. FINANCES The company’s unaudited report for Q3 of its financial year (February to April 2022) showed revenue of £2.23m (2021: £0.31m and H1 2022: £2.55m). Egdon said that revenue was primarily […]