United Oil & Gas plc has received US$591,595 relating to receivables from its previous interest in the Abu Sennan licence, onshore Egypt. The payment, expected to be $620,000, was from national oil company Egyptian General Petroleum Corporation. United said it continued to engage with EGPC regarding a small outstanding balance.
Month: December 2024
Cornish Lithium appoints Gary Steven as NED
Cornish Lithium plc announced new board changes with the appointment of Gary Steven as a non-executive director while NED Adam Howard steps down. Mr Howard leaves with immediate effect to become chief financial officer at Invinity Energy Systems. “I extend my thanks to Adam for his contributions as a non-executive director and wish him every […]
Guardian receives £512,743 via warrant exercises
Guardian Metal Resources plc has received £512,743.54 following notices to exercise warrants over a total 2,074,962 new ordinary shares of 1 pence each in the company. One notice is over 74,962 new ordinary shares at an exercise price of 17p per warrant share while another is over two million new ordinary shares at an exercise price […]
Kavango identifies tungsten in Hillside assays
Kavango Resources plc has identified “significant” and “potentially economic” multi-element concentrations including tungsten at the Hillside gold project in Matabeleland, southern Zimbabwe. PATHFINDER The company plans to widen its exploration in the country for the “strategic elements” including bismuth, selenium, molybdenum and further tests for tungsten value and widths. The results, with a peak tungsten […]
Serica cuts forecast after Triton FPSO setback
Serica Energy plc has lowered full year production forecast after an “issue” with the Triton floating production storage and offloading (FPSO) vessel suspended its North Sea operations. GAS The company said that the problem was with one of the compressor seals, with repairs expected to take two to four weeks. The outage follows resumption of […]
Tullow CEO to step down
Tullow Oil plc chief executive officer Rahul Dhir will step down and resign from the board during 2025 to pursue other business, academic and family interests. He will remain in his role until a date to be determined. “It’s been a privilege to serve Tullow during these past four and a half years,” said Mr Dhir. […]