Ascent Resources plc has formally filed its claim memorial and increase in damages to €656.5 million over its onshore gas interests against the Republic of Slovenia. HYDRAULIC FRACTURING Legal action began after the company claimed treaty breaches and that the country’s new laws banning the use of hydraulic fracturing affected the company’s operations within the […]
Legal
UKOG planning approval upheld for Loxley
UK Oil & Gas plc (UKOG) said planning approval for its wholly owned Loxley onshore gas project in Surrey has been upheld by the High Court. ENERGY SECURITY The ruling follows a series of legal actions by local protesters and different local authorities after the company successfully appealed against initial refusal in December 2020. UKOG […]
Corcel sells Wowo Gap and disputes Mambare buyout
Corcel plc has sold 100% of its Wowo Gap nickel-cobalt asset and will dispute the buyout of its 41% share in the Mambare nickel-cobalt project, both in Papua New Guinea. MAMBARE In March, Corcel restructured its PNG assets by signing a 50-50 joint venture (JV) deal with Integrated Energy Metals (IEM) to create a new carried vehicle […]
Hurricane Energy completes sale to Prax
Hurricane Energy plc’s sale to Prax Exploration & Production Ltd has been approved by a court order and is now complete. PROGRESSION Admission to trading of Hurricane shares on AIM will be cancelled from 7am tomorrow, 9 June 2023. The company’s directors have resigned, while former executive directors chief executive officer Antony Maris and chief […]
JOG granted further 18 months for Buchan
Jersey Oil & Gas plc (JOG) has received regulatory approval for an 18-month extension until 28 February 2025 to the second term of its P2498 Buchan licence in the central North Sea. FARM-OUT The North Sea Transition Authority (NSTA) also granted permission for the company to assign a 50% working interest in the licence and […]
Scotgold Grampian compulsory strike-off action discontinued
A compulsory strike-off action for Scotgold Grampian Ltd has been discontinued, Companies House (CH) reported today. FIRST GAZETTE On 30 May 2023, CH published a first Gazette notice stating that Scotgold Grampian Ltd would be struck off and dissolved not less than two months from the same date. In the case of any company being […]