Ormonde Mining plc said it was reviewing a range of new opportunities for base and precious metals, battery metals and precious stones in Africa and Europe. FINANCES The company made the announcement in its final results for the year ended 31 December 2021 which showed a total comprehensive loss of €1.6 million, including €400,000 asset […]
Day: 15 November 2024
Scotgold receives £2m in second tranche loan
Scotgold Resources Ltd said it had received the second tranche of the new loans of £2.015 million for Cononish gold and silver mine near Tyndrum in Scotland. LOAN The sum is from a loan procurement agreement with Fern Wealth GmbH from a syndicate of high-net-worth investors for up to £3m. Scotgold added it anticipated to […]
West Newton concept plan focuses on eight gas wells
The West Newton joint venture (JV) said its conceptual development plan is focused mainly on gas with eight phased wells targeting 35 million barrels of oil equivalent with 203 billion cubic feet (bcf) sales at the project in East Yorkshire. JOINT VENTURE The JV comprises Reabold Resources plc with 56% economic interest via its 59% share in […]
Serica Energy NED Richard Rose leaves for full-time executive role
Serica Energy plc said that non-executive director Richard Rose has stepped down with immediate effect. The company said that Mr Rose, who joined Serica in September 2021, had accepted a full-time executive position within the sector.
Serica Energy appoints Jérôme Schmitt as NED
Serica Energy plc has appointed Jérôme Schmitt to the board as a non-executive director with effect from 1 July 2022. Mr Schmitt worked for what is now TotalEnergies from 1992 to 2021 where his roles included group treasurer (2009-2011) and senior vice-president environment and sustainable development (2013-2016). More recently he was senior vice-president carbon neutral […]
United spuds AJ-14 development well
United Oil & Gas plc said that the Al Jahraa-14 development (AJ-14) well has spud in the Abu Sennan joint venture licence, onshore Egypt. JOINT VENTURE The company holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt (KEE). AJ-14 The AJ-14 development well, the third of five wells expected […]