Chesterfield Resources plc has appointed Kashif Afzal as executive chairman with immediate effect, among a series of board changes. My Afzal, the company’s third executive chairman in two years, replaces Paul Ensor who becomes a non-executive director. Chief financial officer Ajay Kejriwal ceases to hold an executive position but remains on the board as a […]
Month: December 2024
CRL increases exploration area with Duchy agreement
Cornwall Resources Ltd has increased its footprint fourfold in East Cornwall/Tamar Valley under a three-year exclusivity and prospecting agreement with The Duchy of Cornwall. MINING AREAS The company said that the deal was the first of its kind in modern times and aimed to advance “commercialisation of The Duchy’s mineral rights.” CRL will have exclusive […]
UKOG refused more time for Broadford Bridge
UK Oil & Gas plc has been refused more time to assess its Broadford Bridge project in Sussex. PERIPHERAL West Sussex County Council extended planning permission in 2022 for PEDL234 up to 31 March 2024, but today rejected a further two years. UKOG has six months to appeal although it said the “envisaged geothermal scheme” […]
Angus revenues rise on Saltfleetby production
Angus Energy plc recorded a steep rise in revenues from increased gas production at its 100% owned Saltfleetby field in east Lincolnshire. LIDSEY For the year ending September 2023, revenue from the field’s revenue rose to approximately £28 million (2022: £3m) on production of gross 31,750 bbls of oil and 25,228,853 therms of natural gas […]
Scirocco faces liquidation on vote to return investors’ cash
Scirocco Energy plc is facing a members’ voluntary liquidation after today’s vote to return the company’s cash and any cash proceeds from the sale of its material assets to its investors. MEETINGS At a requisitioned general meeting, 80.19% of shareholders voted in favour of the resolution with 19.81% against, out of a total 363,291,448 votes […]
FCM signs potential 40% earn-in for McInnes Lake
First Class Metals plc has signed an exclusive 60-day agreement to finalise a potential 40% earn-in on the McInnes Lake gold property in northwest Ontario. GREENFIELD The company paid CA$5,000 to Emerald Geological Services Ltd to complete negotiations within the period. The figure will be deducted from FCM’s year one work programme expected to cost […]