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 […]
Legal
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 […]
WCM prepares for public inquiry over mine plans
West Cumbria Mining Ltd (WCM) said it was disappointed that the Government had decided to call in and hold a public inquiry on its plans for a metallurgical coal mine off the coast of Cumbria. The miner added it would assess the requirements of the public inquiry process and present a compelling case to the […]
WCM to face public inquiry on coal mine plans
West Cumbria Mining Ltd (WCM) will face a public inquiry following the Government’s decision, after two previous refusals, to call in the company’s plans for a coking coal mine off the coast of Cumbria. CONTROVERSY The Secretary of State for Housing, Communities and Local Government Robert Jenrick MP gave his reasons as increased controversy over […]