Condor Gold plc non-executive director Kate Harcourt has retired and will leave the board with immediate effect. Chief executive officer Mark Child said Ms Harcourt had made a “substantial” contribution over the past eight years, describing her as a “wonderful mentor”. “As a senior environmental and social adviser on the board, her strategic advice and […]
Tag: extractive industries
Scotgold Resources suspends trading on AIM
Scotgold Resources Ltd temporarily stopped trading today at the company’s own request pending clarification of the company’s financial position. The company’s ordinary shares of no par value stop trading from 7.30am on AIM at its own request. In March, Scotgold raised concerns over its future following low gold grades, lack of funding, rising losses and […]
Fully termed deal signed for Weaverthorpe onshore gas licences
Egdon Resources plc has signed a fully termed agreement over the farm-in and equalisation of interests between the PL81 and PEDL347 Weaverthorpe onshore gas licences. PROGRAMME The deal with York Energy (UK) Holdings Ltd and Cuadrilla North Cleveland Ltd will see operator Egdon hold 52.5%, Cuadrilla 25% and York 22.5% in both licences. “I am pleased […]
Colle Santo gas field nears start of early production
Operations are due to start at the Colle Santo onshore gas field after the Abruzzo regional government signalled its intention to approve an early production programme. DE-RISKING Reabold Resources plc holds a 16.2% equity interest in the project, estimated to hold 65bcf of 2P reserves, while operator LNEnergy Ltd has an exclusive option over 90% […]
EnQuest appoints Michael Borrell as NED
EnQuest plc has appointed Michael Borrell as a non-executive director with effect from 5 September 2023. He will also the sustainability committee and governance & nomination committee. Mr Borrell is an operator of large-scale exploration and production assets with more than 35 years’ experience at TotalEnergies, including managing the integration of the Maersk Oil business. […]
New gold drill targets identified from deep overburden sampling at Longford-Down
New gold drill targets over five licences have been identified from deep overburden sampling in the Longford-Down Massif joint venture in Ireland. EXTENSIVE Conroy Gold and Natural Resources and Turkish earn-in partner Demir Export have to date completed 6,000 metres of phase I drilling. Over five separate areas, the JV collected 470 samples from the […]