Helium One Global Ltd has appointed Graham Jacobs as financial and commercial director with immediate effect and, subject to due diligence, will join the board of directors. Mr Jacobs is an experienced financial and commercial executive with more than 30 years’ experience in the natural resources sector. He has been working with chief executive […]
Month: November 2024
Non-executive director changes at Helium One
Helium One Global Ltd reported a non-executive director (NED) resignation and appointment, effectively immediately. NED Robin Birchall has left to focus on other commitments while finance director Russel Swarts vacates his position but will remain a NED with the company. Chairman James Smith said: “I would like to thank Robin for his time and commitment […]
Two thirds construction completed of Araguaia Line I
Horizonte Minerals plc has completed 65% of the overall Araguaia Line I construction programme and 53% of the physical site ahead of first nickel targeted for early next year. PROGRESS Construction off-site of the 126km, 230kV transmission line is well advanced with more than 90% of the pylons erected and 42km of conductor cable installed, […]
Scirocco receives tax clearance to sell Ruvuma interest
Scirocco Energy today received tax clearance after paying £150,000 tax for the sale of its 25% interest in the Ruvuma gas production sharing agreement in Tanzania. CONTINGENCY PAYMENTS The company will now write to the country’s Minister for Energy to obtain final approval of the transfer of the licence interest to purchaser ARA Petroleum Tanzania […]
IOG agrees waiver for deferred €100m payment
IOG plc has agreed with bondholders a further waiver to 29 September over certain terms, including interest repayment, of its €100 million senior secured bond. BOARD OBSERVER The company said it had received support from bondholders controlling more than 70% of the voting bonds, representing 100% of the votes cast. The agreement results in the […]
Block allots total 35m shares for staff and services
Block Energy plc has allotted an aggregate 35,124,708 ordinary shares each of 0.25p as incentives for staff and to pay service providers. Following shareholders’ approval in June 2023, the company has allotted 30 million new ordinary shares to the Intertrust Employee Benefit Trustee Ltd as trustee of the company’s employee benefit trust. Block said the shares […]