Egdon Resources plc has transferred operatorship of licence PEDL343 containing the Cloughton gas discovery in North Yorkshire to Europa Oil & Gas (Holdings) plc. PARTNERS Egdon managing director Mark Abbott said the company would focus on near-term priority projects while enabling Europa to progress Cloughton to potential appraisal drilling. The companies received approval from the North […]
Day: 23 December 2024
Prospex awards total 4.2m share options
Prospex Energy plc awarded a total 4,200,000 share options in the company to directors and staff following the start of gas production from the Podere Maiar-1 well in Italy. PREMIUM The options at 7p per share represent an 11.1% premium to 6.3p, the closing price on 26 July 2023. The awards represent 1.43% of the […]
Cornish Metals pumps first water in 25 years from South Crofty
Cornish Metals Inc has started pumping the first water in a quarter of a century using two submersible pumps in New Cook’s Kitchen shaft from South Crofty tin mine. TREATMENT PLANT Two KSB BSX 463/5 specialist high-head 950 kilowatt vertical submersible pumps, manufactured and supplied by KSB Ltd, sit approximately 360m below surface. The pumps […]