Prospex Energy plc said that a gas sales agreement (GSA) had been signed for the Selva Malvezzi joint venture (JV) production concession in the Po Valley of Italy. FIRST GAS The deal is between the operator Po Valley Operations Pty Ltd (63%), a wholly owned subsidiary of Po Valley Energy Ltd, and BP Gas Marketing […]
Month: November 2024
Tullow Oil files for arbitration over $387 million Ghana tax dispute
Tullow Oil plc said has filed requests for arbitration with the International Chamber of Commerce in London for two disputed tax assessments totalling US$387 million from the Ghana Revenue Authority (GRA). BREACH OF RIGHTS “The assessments relate to the disallowance of loan interest deductions for the fiscal years 2010 – 2020 and proceeds received by Tullow Oil […]
Angus wins appeal for extended well test at Balcombe
Angus Energy plc has won its appeal against West Sussex County Council’s refusal to grant permission for an extended well test at its Balcombe oil site. DRILLING FLUIDS The company holds a 25% interest along with Cuadrilla Balcombe Ltd (56.25%) and Lucas Bolney Ltd (18.75%) in PEDL 244 targeting the Kimmeridge limestones. The Balcombe 2Z […]
WCM to start coking coal production in 2025
West Cumbria Mining Ltd (WCM) said it aimed to begin producing coking coal during the first half of 2025 from its deep mine off the coast of Whitehaven. TIMELINE The company, which has published a timeline of its planned programme, has also moved its register inspection address from Surrey closer to its planned operations at Haig […]
Harbour chairman sells 2m shares for £6.38m
Harbour Energy plc chairman R. Blair Thomas has sold two million shares in the company for approximately £6.3 million. DIRECTOR DEALINGS On 8 February 2023, EIG Separate Investments (Cayman) LP closely associated with Mr Thomas sold 665,290 each at a price of approx. £3.18; on 9 February 584,710 shares each at approx. £3.19; and 10 February […]
Galantas borrows £347,000 for Gairloch
Galantas Gold Corporation has agreed a £347,000 loan from major shareholder Melquart Ltd for the initial lease payment for the recently acquired Gairloch project in Scotland. TERMS The Canadian company is targeting the gold-bearing volcanogenic massive sulphide deposit on land owned by the Gairloch Estate in Wester Ross in the North-West Highlands. The loan is […]