Corcel plc reported widening losses at the end of year in which it expanded its metals assets in Papua New Guinea (PNG). FINANCES Final audited results for the year ended 30 June 2022 show losses of £2.1 million (2021: 1.2m). Administrative costs rose to £1.26m (2021: 1.0m) reflecting increased insurance costs, professional services costs, share […]
Month: November 2024
Orcadian signs core services MoU for Pilot oil field
Orcadian Energy plc has signed a binding memorandum of understanding with SLB to deliver core services for the wells on the company’s Pilot oil project in the North Sea. TECHNOLOGIES The companies and chosen well operator Petrofac will plan a comprehensive project agreement with a strong focus on decarbonisation. Orcadian chief executive Steve Brown said […]
First Class Metals receives £35,998 through warrants exercise
First Class Metals plc has received £35,998.50 following notice to exercise warrants over a total of 359,985 ordinary shares. Following admission, the company’s issued share capital will consist of 66,698,707 ordinary shares with voting rights.
Helium One issues 84,745 shares in warrant exercise
Helium One Global Ltd said it had received notice to exercise warrants over a total of 84,745 ordinary shares each at 3.55 pence. Following admission, the company’s issued share capital will comprise 622,356,286 ordinary shares with none such shares held in treasury.
JOG hopeful of GBA farm-out
Jersey Oil & Gas plc (JOG) said it hoped for a farm-out agreement by the end of 2022 or during Q1 2023 for its assets in the Central North Sea. VERBIER EXTENSION The news comes as the company announced that the North Sea Transition Authority (NSTA) had extended its P2170 ‘Verbier’ licence for a second […]
NAE Lochinvar remains ‘commercially robust’
New Age Exploration Ltd said it had received a positive review of a 2014 scoping study, as previously updated in 2017, of its Lochinvar coal project. COSTS NAE owns 100% of three contiguous exploration and conditional underground mininglicences known as Lochinvar, Lochinvar North and Lochinvar South on the border of Scotland and England. A previously […]