Corcel plc said preparations had started for drilling and appraisal at its recently acquired oil interest KON-11 in the Kwanza basin, onshore Angola. TOBIAS FIELD In May, the company acquired a 20% working interest 18% net to Corcel the non-operated block which holds 12 historical wells. The operator is Angolan national oil company, Sonangol. KON-11 is […]
Month: December 2024
Harbour swings to $8m loss
Harbour Energy plc swung to loss during the first six months of the year following high taxes and falling commodity prices. FINANCES Results for H1 2023 show profit before tax of $0.4 billion (H1 2022: $1.5bn) and loss after tax of $8 million (H1 2022: profit of $1bn). Revenue decreased to $1,991 million (H1 2022: […]
Deltic grants 2m share options
Deltic Energy plc has granted options over a total of 2,025,000 ordinary shares in the company to its directors, senior management and employees. INCENTIVES The options each have an exercise price of 28.25 pence, being the closing mid-market price of an ordinary share on 23 August 2023. The grant of options is a mixture of […]
Court hearing deferred on challenge to WCM coal mine
West Cumbria Mining Ltd (WCM) said that the rolled-up hearing relating to challenges against the Government’s planning approval for a deep coal mine has been postponed. RESCHEDULED The company added it continued to progress towards the pre-start work required, including design, planning, equipment procurement and associated desk-based work. The hearing, set for 24 to 26 October […]
WCM changes registered address
West Cumbria Mining (Holdings) Ltd has changed its registered address from Sussex to South Yorkshire. Companies House received the filing yesterday for the move from Crawley to c/o Irwin Mitchell LLP Riverside East, 2 Millsands in Sheffield. West Cumbria Mining Ltd also has the same new address.
Horizonte appoints Fernando Marino as operations director
Horizonte Minerals plc has appointed Fernando Marino as operations director for the Araguaia nickel project in northeast Brazil. Mr Fernando has more than 35 years’ experience in the resources industry and a strong track record of increasing and operating mining operations in Brazil. He worked across a range of mining operations for Vale, including as […]