Company Moves News Oil & Gas

Block CFO William McAvock resigns to improve company’s efficiencies

Block Energy plc’s chief financial officer William McAvock had agreed to resign as part of the company’s drive to improve efficiencies. REDUNDANT The company has also made the position of CFO redundant as part of its “continuing efforts to improve efficiency across its oil and gas business in Georgia”. “During his service of over three […]

Metals & Minerals News

Kavango secures new licence and renews six in Botswana

Kavango Resources plc has been awarded a new licence and renewed six existing ones at its two polymetallic projects in Botswana. PROJECTS The company’s new licence and renewal of five is in the Kalahari Suture Zone project. Kavango has also renewed its licence in its 50-50 joint venture with Power Metal Resources plc, currently under […]

Finance News Oil & Gas

Prospex receives £90,000 via warrant exercise

Prospex Energy plc has received £90,000.48 following notice for the exercise of warrants to subscribe for 3,000,016 new ordinary shares of 0.1p in the company. Since July 2022, the gas and power company has gained a total £2,739,400 from the proceeds of warrant exercises and loan notes. Today’s news relates to warrant agreements from February […]