News Oil & Gas

Union Jack invests in Beacon Energy

Union Jack Oil plc has purchased its first international interest with a 3.22% stake in onshore Germany-focused oil and gas company Beacon Energy plc. SYNERGY The purchase is equivalent to 439 million shares in the production, development, appraisal and exploration company through its wholly owned subsidiary, Rhein Petroleum GmbH. Union Jack’s acquisition was part of […]

Finance Metals & Minerals News

Ormonde plans majority share in Golden Rose

Ormonde Mining plc plans a 36.2% controlling investment, with an option for a further 10%, in a Canadian explorer of a gold-copper asset with “world-class” potential in Newfoundland. CAPITAL The company said that the acquisition, subject to Ormonde shareholder approval, is via a private subscription for 60 million new common shares of TRU Precious Metals […]

News Oil & Gas

Portillion withdraws plans to buy Reabold

Reabold Resources plc’s prospective buyer announced it would not make an offer after the oil and gas investor “failed to engage meaningfully” over the proposed transaction. PORTILLION Portillion SPV O&G executive chairman Kamran Sattar made the offer in mid-March. The company was established to “acquire and manage companies in the energy sector engaging in the […]

Finance Metals & Minerals News

Critical Metals eyes new ventures after losses widen

Critical Metals plc announced an increase in losses during 2020 but remained confident of progress this year with potential opportunities. EVALUATION Results for H2 2020 showed a net loss of £152,111 compared with £17,437 for the same period in 2019. The group had cash reserves of £630,148 (2019: £34,342) and raised £800,000. In September 2020 it listed […]