Cornish Metals Inc. aims to redomicile from Canada to the United Kingdom during December 2025. INVESTMENT The Canadian company said it had today entered into an agreement with Cornish Metals plc, subject to approvals. Cornish Metals made the decision to redomicile by 24 March 2026, following the £28.6 million investment by National Wealth Fund Ltd, […]
Day: 5 November 2025
Sunda wins joint bid for Philippine blocks
Sunda Energy plc has been awarded non-operated interests in two petroleum service contracts for licence areas, offshore the Philippines. HIGH IMPACT The company bid in a group with operator Triangle Energy (Global) Ltd, PXP Energy Corporation and The Philodrill Corporation. Sunda holds a 37.5% interest in the two blocks located in the southwest of the […]
Serica further lowers guidance after new setback
Serica Energy plc has again lowered guidance after an “issue with the flare system” on the Triton FPSO temporarily suspended production from 30 September. ROBUST The company said that operator Dana Petroleum had advised that production was “likely to restart shortly”. Rates are expected to be “severely limited until the root cause of the problem […]
Conroy raises £1.7m via private placement
Conroy Gold and Natural Resources plc has raised £1,728,700 through a non-brokered private placement for 7,287,000 new ordinary shares of €0.001, at 10 pence per share. TVRs Each fundraise share has one warrant attached to subscribe for one new ordinary share, at a price of 17 pence over the next two years. The company said […]