Orcadian Energy plc has been granted a conditional two-year extension to the second term of production licence P2244 containing the Pilot oil field. FARM-OUT Based on Orcadian’s and the proposed operator’s intended work, the North Sea Transition Authority will change the licence’s expiry date from 30 November 2023 to 30 November 2025. The company last […]
Month: November 2024
Arkle adds polymetals block to Mine River acreage
Arkle Resources plc has extended its Mine River gold exploration area on the Wicklow-Wexford border by an additional 152.01km2 block. LEINSTER GRANITE The Aughrim block comprises four prospecting licences – 415, 3029, 1716, 2053 – for lithium, rare earth elements and other minerals including gold and platinum. The company must pay a total €3,000 with […]
Ascent independent NED Stephen Birrell leaves
Ascent Resources plc independent non-executive director Stephen Birrell has stepped down after three years on the board. “The board would like to thank Stephen for his valuable contribution to the company over the last few years and we wish him every success in his next venture,” said executive chairman James Parsons. Ascent intends to appoint […]
Peak Nickel appoints Michael Quigley as director
Peak Nickel Ltd has appointed Michael Quigley as a director, effective from 20 October. Mr Quigley joins directors Stewart Lockwood, Anne Marie Mackenzie and Christopher Mackenzie. In September, Brian Timmons resigned as a director from the Sheffield-based company.
Europa profits rise despite low oil prices and weak pound
Profits rose more than 50% during a year of “significant” operational and financial progress for Europa Oil & Gas (Holdings) plc. WRESSLE Results ended 31 July 2023 show stable revenue of £6.7 million “despite a lower oil price and weaker pound” (2022: £6.6m). Gross profit increased by 53% to £3.4m (2022: £2.2m) with pre-tax loss […]
Star Energy NED Doug Fleming to leave
Star Energy Group plc independent non-executive director Doug Fleming intends to leave for a new full-time executive role. Mr Fleming, who was appointed to the role in January 2023, will remain in his current role until 23 January 2024. Chairman Philip Jackson said: “On behalf of the company and board, we extend our thanks to […]