Beacon Energy plc has nearly doubled its Erfelden field reserves estimate after including drill results of the Schwarzbach-2(2.) well. QUALITY RESERVOIRS The field in Hessen comprises four juxtaposed structural compartments of Kuehkopf, Stockstadt Mitte, Schwarzbach Main and Schwarzbach South. SCHB-2(2.) previously encountered a 34-metre gross interval containing 28m of oil-bearing net reservoirs in the Pechelbronner-Schichten […]
Day: 11 November 2024
Horizonte reduces Araguaia construction work
Horizonte Minerals plc will reduce construction activities at its Araguaia nickel project while it tries to resolve lack of funds with senior lenders and cornerstone shareholders. DISCUSSIONS The company said it would progress only “critical work streams” while maintaining safety in order to manage resources and funds. In October, Horizonte warned of at least a […]
United Oil & Gas CFO Peter Dunne to leave for daa
United Oil & Gas plc executive director and chief financial officer Peter Dunne will leave after 18 months with the company for a new post. He will become CFO with daa.plc, previously known as Dublin Airport Authority, expected during the first quarter of 2024. “Peter has made an outstanding contribution to United since he joined […]
Reabold requests valid resolutions to requisition general meeting
Reabold Resources plc said that last week’s notice to requisition a general meeting was invalid because of “material deficiencies” under section 303 of the Companies Act 2006. ACTIONS Pershing Nominees Ltd, which owns a total 7.84% representing 13 beneficial owners, called for shareholders to vote on, among other matters, the removal of Reabold’s co-chief executive […]
Anglesey finance director Danesh Varma resigns
Anglesey Mining plc’s finance director and company secretary Danesh Varma has resigned with immediate effect. Companies House states Mr Varma’s appointment as finance director began on 1 August 2013. Interim chairman Andrew King said: “On behalf of the board of Anglesey, I would like to thank Danesh for his significant contribution and service to the […]