Fulcrum Metals plc issued 240,000 ordinary shares of 1 pence each in the company to a service provider in lieu of cash payment. Following admission, the company’s issued share capital will consist of 61,825,943 ordinary shares with voting rights. Fulcrum holds no ordinary shares in treasury. The company is advancing two tailings processing projects, Teck-Hughes and Sylvanite, in […]
Month: January 2025
Capricorn expects $50m from Sangomar
Capricorn Energy plc expects $50 million in January 2025 from the sale of its production sharing contract (PSC) interests in the Sangomar oil field, Senegal. TAX With all the terms and conditions satisfied of the agreement, purchaser Woodside Energy has until 22 January to make the payment. Capricorn added it remained committed to returning available […]
EnQuest to increase Seligli gas production
EnQuest plc has secured an agreement to develop an additional 55 billion standard cubic feet gas from the Seligli field, offshore Malaysia. INFRASTRUCTURE The PM8 extension production sharing contract is a 50% equity share with Petroliam Nasional Berhad (Petronas) Carigali Sdn Bhd (PCSB) and E&P Malaysia Venture Sdn Bhd (EPMV). The deal will see annexation […]
Tullow-Kosmos abandon offer talks
Tullow Oil plc today said that preliminary talks have ended over a possible all-share acquisition of the company by Kosmos Energy plc. CONFIDENT The company added that initial discussions had been at a “very early stage and before due diligence had progressed between the parties”. Kosmos’s own statement read that it “did not intend to make […]
Prospex begins gas sales from Viura-1B
Prospex Energy plc has more than doubled production and revenue from its producing assets with the start of gas sales from the completed Viura-1B development well in northern Spain. EXPANSION Flow testing is underway at rates of up to 500,000 standard cubic metres per day, (17.7 million standard cubic metres per day), with 72,000 scm/d (2.6 MMscfd) net […]
Sunrise ships pozzolan bulk sample for trials
Sunrise Resources plc has mined and shipped a 20-ton bulk sample for trial to an established minerals company its CS natural pozzolan project in south central Nevada, USA. INVESTMENT The potential customer’s laboratory testing will include milling and mixing the sample with other cementitious materials for evaluation. Earlier this month, Sunrise announced that the CS […]