Corcel plc has sold 100% of its Wowo Gap nickel-cobalt asset and will dispute the buyout of its 41% share in the Mambare nickel-cobalt project, both in Papua New Guinea. MAMBARE In March, Corcel restructured its PNG assets by signing a 50-50 joint venture (JV) deal with Integrated Energy Metals (IEM) to create a new carried vehicle […]
Legal
Hurricane Energy completes sale to Prax
Hurricane Energy plc’s sale to Prax Exploration & Production Ltd has been approved by a court order and is now complete. COMPANY MOVES Admission to trading of Hurricane shares on AIM will be cancelled with effect from 7am tomorrow, 9 June 2023. Hurricane directors have resigned while former executive directors chief executive officer Antony Maris […]
JOG granted further 18 months for Buchan
Jersey Oil & Gas plc (JOG) has received regulatory approval for an 18-month extension until 28 February 2025 to the second term of its P2498 Buchan licence in the central North Sea. FARM-OUT The North Sea Transition Authority (NSTA) also granted permission for the company to assign a 50% working interest in the licence and […]
Scotgold Grampian compulsory strike-off action discontinued
A compulsory strike-off action for Scotgold Grampian Ltd has been discontinued, Companies House (CH) reported today. FIRST GAZETTE On 30 May 2023, CH published a first Gazette notice stating that Scotgold Grampian Ltd would be struck off and dissolved not less than two months from the same date. In the case of any company being […]
Ascent cancels Beryl’s £1m subscription
Ascent Resources plc has cancelled the delayed £1 million subscription by Beryl International Pty following developments in the arbitration over its onshore Slovenia gas joint venture. TERMINATION Ascent’s reasons for the move include the possible receipt of Slovenia funds, a recent £400,000 fundraise, Beryl’s failure “to provide confidence” on its ability to complete its commitment […]
Ffos-Y-Fran could face enforcement action
Ffos-Y-Fran coal mine could be served an enforcement order after the local authority refused to grant more time to extract mineral and restore the Merthyr Tydfil site in South Wales. FAILURES Operator Merthyr (South Wales) Ltd’s planning permission expired after 15 years on 6 September. Owned by Gwent Investments Ltd, the company had sought an […]