News Oil & Gas

Serica plans to buy BP’s stake in Culzean field

Serica Energy plc plans to buy BP’s 32% non-operated working interest in UK central North Sea licences P111, containing the Culzean gas condensate field, and the adjacent P2544, for $232 million cash. WORLD-CLASS The purchase is subject to a 30-day pre-emption period during which Culzean partners – operator TotalEnergies holding 49.99%, and NEO NEXT (18.01%) […]

Metals & Minerals News

Red Rock agrees to sell Ivory Coast gold assets

Red Rock Resources plc has signed a binding conditional sale for its subsidiary, LacGold Resources SARLU, which owns gold exploration licences and applications in Ivory Coast. FLEXIBILITY The company will in exchange receive 13,250,000 shares, with a current value of AUD 715,500 (£350,000) or AUD 0.054 per share, in Australian purchaser Dalaroo Metals Ltd. Dalaroo […]