Tullow Oil plc has failed to win shareholders’ approval to buy back its own shares. DIRECTORS At today’s general meeting a total of 246,564,929 shareholders, equal to 27.29%, voted against resolution 19. Of an aggregate 903,642,231 shareholders, those who abstained numbered 670,045. All other 18 resolutions were passed although with some dissent over re-election of […]
Day: 14 November 2024
Horizonte publishes fourth sustainability report
Horizonte Minerals plc has published its fourth consecutive standalone annual sustainability report for its nickel-cobalt projects at Araguaia and Vermelho in northeast Brazil. GLOBAL SOCIETY Chief executive Jeremy Martin said that embedding sustainability in operational practices meant tackling major environmental, social and governance challenges in the mining and metals sector. This also includes decarbonisation and […]
EnQuest production at top end of guidance
EnQuest plc reported strong operational performance for the first four months of the year with production at the top end of guidance range for 2023. OPERATIONS Average group production was 47,725 boepd, based upon strong “uptime” across the company’s portfolio. EnQuest said that the 2023 Magnus well work programme was underway, with three wells returned […]
Baron Oil marks year of ‘considerable progress’
Baron Oil plc increased its cash reserves in year of considerable progress from its assets in Timor-Leste and the UK. FINANCES Audited financial results for the year ended 31 December 2022 showed cash reserves of the Group had increased to £5,807,000 from a level at the preceding year end of £1,650,000. Pre-tax losses increased slightly […]
Red Rock issues 43.78m shares to Riverfort Global in debt settlement
Red Rock Resources plc has issued 43,781,746 new ordinary shares of £0.0001 each in the company in settlement of £56,819.95 debt owed to Riverfort Global Opportunities PCC Ltd. The shares are each at a price of 0.12978 pence. Following admission, Red Rock’s total issued share capital will consist of 2,026,832,044 ordinary shares, each with one […]
Oriole sampling shows evidence of Mbe gold size-grade
Oriole Resources plc said it had found further evidence of the size and grade of the gold anomaly from pilot channel sampling at Mbe within the Central Licence Package (CLP) in Cameroon. DRILL TESTING Mbe is one of five licences in the Eastern CLP, with the overall package prospective for a range of commodities including orogenic-style […]