Deltic Energy plc continues to hold a strong balance sheet after a “transformational” first half year from the major hydrocarbon discovery in the Pensacola licence. FINANCES Results for the the six months of 2023 show that the company began the year with £20.4 million cash and ended the period with £9.1m following planned investment of £10m […]
Month: November 2024
United COO Jonathan Leather steps down after eight years
United Oil & Gas plc chief operating officer and executive director Jonathan Leather steps down after working for the company since its formation in 2015. MIXED EMOTIONS He will leave on 31 August and become a consultant with the company while the farm out process continues for its Jamaica licences. “It has been an incredible […]
Power Metal board directors buy total 5m shares
Power Metal Resources plc board directors have purchased a total 5 million ordinary shares of 0.1 pence each for 0.7 pence in the company for a total £35,000. Chief executive officer Sean Wade bought 3m ordinary shares and now holds 14,764,705 ordinary shares, representing 0.71% of the company. Non-executive directors Ed Shaw and Bill Brodie […]
Deltic-Shell begin site survey for Selene
Deltic Energy plc’s joint venture partner has begun site survey works for the Selene gas exploration well off the northeast coast of England. RIG LOCATION Operator Shell UK Ltd has mobilised a geophysical site survey vessel to acquire high resolution 2D seismic lines over the proposed well location. Seismic acquisition is expected to complete before […]
Red Rock opens talks on lithium sales to China
Red Rock Resources plc could have a potential mining/partner contract for its Zimbabwe lithium assets as the company also starts talks with agents in China on lithium ore sales. HIGHER PRICES From 10 to 14 August, a South African consultant geologist conducted due diligence on the site with the company’s subsidiary African Lithium Resources (Pvt) […]
Neptune JV discovers oil and gas near Fram field
Neptune Energy’s partner and operator Equinor has discovered oil and gas near the Fram field in the Norwegian North Sea. ESTIMATES Neptune holds a 15% share in the discovery, which lies within the Equinor-operated Fram licence area. “Preliminary estimates of the size of the discovery are between 1.5 and 5.5 million standard cubic metres (Sm3) […]