A total of 31,000 litres of liquid were recovered overnight and “good progress” is being made after reservoir fluids leaked five days ago from a Perenco-operated oil pipeline under Ower Bay in Dorset. SURVEILLANCE Poole Harbour Commissioners (PHC) is leading the operations following the spillage of 200 barrels of liquid. The French oil and gas […]
Month: November 2024
Orcadian focuses on funding and farm-in for Pilot
Orcadian Energy plc said its main aim for 2023 was to find a partner and new investors to develop the Pilot oil field in the central North Sea. FINANCES In its unaudited results for H1 2022, the company added it planned to improve the technical and commercial definition of Pilot’s development as well as maximise […]
Scotgold rise in revenues offset by increased loss and debt
Scotgold Resources Ltd’s increase in revenues were dented by a rise in pre-tax losses and debt at Cononish gold and silver mine, near Tyndrum in Scotland. FINANCES The company’s interim results for the six months ended 31 December 2022 showed total revenues of A$9.5 million (H1 2022: A$6.4m) Loss before taxation was A$9.5m (H1 2022: […]
CAML impairment at Sasa halves profit
Central Asia Metals plc (CAM) reported group profit before tax fell by 50% from non-cash impairment charge at its Sasa lead-zinc mine in North Macedonia. FINANCES The company’s full year results for the 12 months ended 31 December 2022 for Sasa and its Kounrad copper recovery plant in Kazakhstan showed pre-tax profit of $54.6 million […]
PHC continues restoration from Perenco spillage
Poole Harbour Commissioners (PHC) has continued its intensive clean-up and assessment following the leak of 200 barrels of reservoir fluids spilling from a Perenco-operated pipeline in Dorset. OIL SIGHTINGS The leak under Ower Bay on 26 March resulted in more than 100 people involved in PHC’s operations with helicopters, drones, vessels and shore patrols gathering […]
FCM receives full grant payment for North Hemlo exploration
First Class Metals plc (FCM) has received full payment of its 2022-23 Ontario junior exploration grant (OJEP) for work carried out on its flagship North Hemlo property. DISCOVERY OJEP helps junior mining companies finance early stage exploration projects in Ontario. The payment of CA$140,000 of the maximum $200,000 grant to FCM is for the successful […]