News Oil & Gas

Parkmead reports record revenue from Dutch gas assets

The Parkmead Group plc said it expected record gas revenues to exceed €14.5 million from its Dutch onshore gas assets as it also announced plans to accelerate new drilling. UNHEDGED The company added that for the year ended 30 June 2022, revenues were ahead of expectations. The figure was boosted by additional volumes from the […]

Metals & Minerals News

Power Metal-Red Rock to acquire Berringa gold mine

Power Metal Resources plc and Red Rock Resources plc are to acquire the historic Berringa gold mine within exploration licence EL5535 in the Victoria gold fields of Australia. BUSINESS STRUCTURE The partners’ joint venture (JV) company Red Rock Australasia Pty Ltd (RRAL) entered an agreement for the acquisition from Balmaine Gold Pty Ltd which is a wholly owned subsidiary […]

Finance Metals & Minerals News

Anglesey notes strategic investment in Labrador

Anglesey Mining plc said that its Canadian investee company Labrador Iron Mines Holdings Ltd (LIM) announced a US$4 million strategic investment by Scully Royalty Ltd. SCULLY ROYALTY Anglesey Mining holds 19.3 million shares in LIM, which will equate to 11.0% of the company after the issuance of new shares to Scully Royalty Ltd. Scully’s strategic […]

News Oil & Gas

BGS submits report on shale gas extraction to Government

The British Geological Survey (BGS) said it had submitted its report to the Government on the latest scientific evidence around shale gas extraction. CONSIDERATION On 5 April 2022, Secretary of State Kwasi Kwarteng at the Department for Business, Energy & Industrial Strategy Strategy (BEIS) commissioned a review on the any recent developments on shale gas extraction. […]

News Oil & Gas

Neptune joins zero methane emissions initiative

Neptune Energy said it had joined the aiming for zero methane emissions initiative designed to reduce emissions of greenhouse gas to near zero by 2030. TECHNOLOGIES Neptune already has its own target for zero methane emissions by the end of the decade. The Oil and Gas Climate Initiative (OGCI) developed the initiative for the oil […]

Metals & Minerals News

Cora Gold submits completed ESIA for Sanankoro

Cora Gold Ltd said it had completed and submitted an environmental and social impact assessment (ESIA) for the company’s flagship Sanankoro gold project in southern Mali. ESIA ESIA work included stakeholder engagement, specialist baseline and impact assessment studies (including biodiversity, water and social studies), an integrated environmental and social management programme, a conceptual closure and […]