West Cumbria Mining Ltd’s plans appear uncertain for a deep coal mine under the Irish Sea off the coast of Whitehaven after the company last month withdrew its application. LICENCES The company has yet to make a statement on its future plans since the High Court quashed the approved mine in September 2024. The decision […]
Day: 19 June 2025
EnQuest-Serica drop merger plans
EnQuest plc and Serica Energy plc have exited plans for an all-share merger because “current market volatility” made it impossible to reach an agreement on terms. OPPORTUNITIES “The board remains very confident in Serica’s standalone ability to generate significant cash flow and deliver shareholder value and highly competitive shareholder returns from its balanced portfolio of […]
Parkmead completes sale of offshore assets
The Parkmead Group plc has completed the sale, announced in December 2024, of its offshore UK and onshore Netherlands exploration and production interests to Serica Energy (UK) Ltd. GROWTH The sold assets were held in the company’s subsidiary Parkmead (E&P) Ltd. The company said it had received £7.3 million cash and expects a further £7m […]
Kavango returns high gold grades at Hillside
Kavango Resources plc has intercepted “higher than expected” gold grades from preliminary resource drilling at Prospect 3 on the Hillside gold project in Matabeleland, southern Zimbabwe. EXTENSION The programme involved 34 drill holes of between a depth of 60 metres and 105m for a total 2,109.16m. The company said that the intercepts, within six defined […]
Red Rock issues 427m shares to settle debt
Red Rock Resources plc has issued 426,829,268 ordinary shares of £0.0001 each in the company to settle a £175,000 debt, at a price of 0.041p per share. TVRs Following admission, the company’s issued ordinary share capital will total 7,096,889,518, each with equal voting rights. The company holds no shares in treasury. Red Rock, with assets […]