Condor Gold plc today said that the United States’ sanctions imposed on the Nicaraguan General Directorate of Mines were unlikely to have any impact on the company’s current operations at La India. SANCTIONS On 24 October, the US Treasury Department extended its existing sanctions “to hold the Ortega-Murillo regime accountable for its continued attacks on […]
Legal
Moratorium remains on hydraulic fracturing in England
The moratorium on hydraulic fracturing in England will remain in place, the new prime minister said today. FIRST BAN The Government first introduced the ban in November 2019 following reported earthquakes at Cuadrilla Resources’s shale gas extraction site in Preston, Lancashire. In April 2022 the Government ordered a scientific review on whether the extraction of […]
UKOG urges planning changes as Loxley challenge is rejected
UK Oil & Gas plc urged the Government to implement quickly its changes to the planning system after the High Court rejected challenges to the Loxley gas project in Surrey. JUDICIAL REVIEW Waverley Borough Council and Protect Dunsfold were each unsuccessful in their requests for a judicial review and ordered to pay £8,835 and £3,000 […]
Victoria in ‘precarious’ financial situation
Victoria Oil & Gas plc (VOG) said its financial situation was precarious after being ordered to pay $12 million to its partner, suspension of trading, and its inability to raise funds until a resolution is found. OPERATIONS The company’s wholly owned subsidiary Gaz du Cameroon S.A. (GDC) produces and distributes onshore gas in the port […]
Ascent to receive further revenues from Slovenia JV
Ascent Resources plc today said it had reached an agreement over further hydrocarbon revenues from the joint venture (JV) operations within the Petisovci concession area in Slovenia. DISPUTES The legacy disputes are between the company and its Slovenian JV partner Geoenergo and the JV operating service provider Petrol Geo. In August 2022, Ascent received its […]
Predator firm on legal action if FRAM loan remains unresolved
Predator Oil & Gas Holdings plc said it would continue the legal process if issues remain unresolved over a loan for the CO2 enhanced oil recovery (EOR) pilot project at the Inniss-Trinity field, onshore Trinidad. FRAM LOAN In June 2022, the company announced it had started a litigation process over the £591,065 FRAM loan for […]