Europa Oil & Gas (Holdings) plc has issued options to its chief financial officer and executive director. The company has issued options over a total of 3,721,000 ordinary shares of 1 penny each to Will Holland under the company’s enterprise management incentive (EMI) share option plan. The share options have an exercise price of 2.31 […]
Finance
Galantas doubles losses at Cavanacaw mine
Galantas Gold Corporation reported an increase in losses for its operations at Cavanacaw mine in Omagh, Northern Ireland. FINANCES In its financial results for the quarter ended 31 March 2022, the Canadian company’s losses amounted to CA$1,415,812 (2021: $639,963). General administrative expenses increased to $1,171,170 (2021: $505,097) while cash outflow from operating activities also rose […]
Power Metal subsidiary in Australia raises £1.1m
Power Metal Resources plc said its subsidiary First Development Resources Ltd (FDR) had raised £1,125,000 ahead of planned listing in Q3 2022 on the London capital markets. FDR FDR is focused on gold-copper, uranium-rare earth element and potential lithium targets in Western Australia’s Paterson Province and the Northern Territory. Money raised will allow FDR to self-finance its operations including IPO listing advisory […]
Power Metal receives £31,579 via warrant share
Power Metal Resources plc has raised £31,579 after an exercise of warrants. The company received a notice to exercise warrants over 4,210,526 new ordinary shares of 0.1 pence each in the company at an exercise price of 0.75p per warrant share.
Baron costs rise in year of ‘considerable progress’
Baron Oil plc said it made considerable progress last year by increasing its stake in oil and gas licences in Timor Leste and the UK. FINANCES The company’s interests include Timor Leste TL-SO-19-16 – Chuditch (75%), UKCS P2478 – Dunrobin (32%) and Peru Block XXI – El Barco (100%). Baron Oil’s audited financial results for […]
OEUK warns EPL will damage UK industry
Offshore Energies UK (OEUK) has described the new taxes imposed on the country’s offshore oil and gas operators as “a backward step”. IMPORTS The industry body warned that the Energy Profits Levy announced today would discourage UK offshore energy investments, resulting in decreases in oil and gas exploration and production and a rise in imports. OEUK’s chief […]