Dalradian Gold has held several meet-the-buyer events on opportunities at the proposed £750 million gold-silver-copper mine in County Tyrone, Northern Ireland. PROTEST The American company, backed by Orion Resource Partners, said that in recent months approximately 100 businesses had attended information sessions. The mine plans, which have attracted more than 40,000 representations, are subject to […]
Legal
Hurricane refused court approval for restructure
Hurricane Energy plc said that the High Court had today refused to sanction its proposed restructuring plan. RISK The company added that its existing board was considering all options including an appeal. “Unless the company or the Ad Hoc Committee successfully appeals the judgment, the restructuring plan will not be implemented,” said Hurricane in a […]
Hurricane bondholders back restructure
Hurricane Energy plc’s bondholders today voted 100% to support the company’s restructuring plan while the majority of shareholders voted against it. Shareholder votes in favour were reported at 7.66% compared with 92.34% opposing the plan. The company said that 1,518,667 votes were withheld and 32.87% of the issued share capital voted. Hurricane added that because […]
Public inquiry date set for WCM coal mine plan
The public inquiry over West Cumbria Mining Ltd’s plans for a metallurgical coal mine off the coast of Cumbria will be held on 7 September 2021. The Planning Inspectorate will conduct the inquiry, expected to last just over two weeks, on the future of the proposed Woodhouse Colliery. The move follows Cumbria County Council’s decision […]
Cairn faces Indian petition over arbitration award
Cairn Energy plc said that the Indian Government had petitioned the Dutch Court of Appeal to set aside its arbitration award, which was granted unanimously in the company’s favour. TRIBUNAL The independent oil and gas exploration and development company with headquarters in Edinburgh added it had “full confidence” in its own position. “As previously advised, […]
UKOG appeal inquiry against Loxley refusal set for July
UK Oil & Gas plc (UKOG) said its appeal against Surrey County Council’s refusal to grant permission for the Loxley gas appraisal well will be heard at a public inquiry on 27 July 2021. HYDROGEN The inspectorate’s process starts on 1 March and ends with the inquiry, expected to last up to nine days with a decision […]