Harbour Energy plc reported a strong financial performance for the first half of 2022 due to high oil and gas prices and gains in foreign exchange. FINANCES Harbour reported total revenue and other income of $2,670 million (H1 2021: $1,496m). Operating costs per barrel were $14.2/boe (H1 2021: $15.0/boe) with the decrease driven primarily by […]
Tag: company results
Deltic to take advantage of energy tax
Deltic Energy plc said it had during the first half of 2022 made considerable progress and is looking for additional partnerships for its Southern and Central North Sea portfolio. FINANCES The company added that its interim results for the six months to 30 June 2022 showed that its business model was a success. Deltic recorded […]
Neptune Energy’s profits rise to $761.7 million
Neptune Energy announced profits of $761.7 million (£627m) in the first six months of 2022 from its portfolio of oil and gas operations. OPERATIONS The H1 2022 profits are more than a seven-fold increase from H1 2021 at $100.3m. The company’s financial results for the first half of 2022 showed a strong financial performance supported […]
GreenRoc increases activities at graphite-ilmenite assets
GreenRoc Mining plc’s reported a rise in group losses with increased activities at its Amitsoq graphite and Thule Black Sands (TBS) ilmenite deposits in Greenland. FINANCES GreenRoc’s subsidiary companies include Obsidian Mining Ltd, White Eagle Resources Ltd and White Fox Resources Ltd. Alba Mineral Resources plc holds a 54% interest in the group. GreenRoc, incorporated […]
Tungsten West needs further funds for revised mine plan
Tungsten West plc is in discussions for additional funds after its revised plans failed to meet the $49 million loan terms from Orion Resource Partners for the Hemerdon tin-tungsten mine in Devon. FINANCES In its audited results for the year ended 31 March 2022, the company said that the agreed financing package through a royalty […]
Hummingbird increases Yanfolila production
Hummingbird Resources plc reported a rise in production at Yanfolila gold mine in Mali and further progress at its projects in Guinea and Liberia. INFLATION In its second quarter report for 2022, the company posted production increased 29% from Q1 2022 to 20,013 oz gold (Q1 2022: 15,548oz). All-in sustaining cost (AISC) fell by 17% to […]