First Development Resources plc has applied to surrender two of its three exploration licences, located within the Wallal gold-copper project in the Paterson Province of Western Australia. ANOMALIES The decision to relinquish E45/5853 and E45/5880 followed a technical review which identified the licences as non-core to the company’s exploration strategy. First Development will focus its cash and resources on the Selta […]
Month: September 2026
Angus appoints COO-executive director
Angus Energy plc has appointed Ross Pearson as chief operating officer and executive director, with immediate effect. Since October 2023, Mr Pearson has been director of wells and subsurface, with responsibility for the technical team, capital budget, drilling and workover programmes, and M&A evaluation. He was previously technical director and executive committee member at IGas […]
Sunda applies for Taranaki offshore exploration permit
Sunda Energy plc has applied for a new petroleum exploration permit for the Taranaki Basin’s offshore area, containing the Awakino gas condensate field, on the west coast of New Zealand’s North Island. AWAKINO The permit, covering 645 km2, marks the start of the company’s “wider growth strategy” in the country, focusing on gas exploration, development and production […]
Angus resumes trading
Angus Energy plc today resumed trading, after 14 months’ suspension from the London Stock Exchange. DEBT Trading suspended on 19 May 2025 while the company secured an agreement on its financial restructuring and debt repayment, notably £20 million owed to Trafigura. Publication of a document was also pending in relation to a non-binding agreement to […]
First Development drill tests Lander West gold targets
First Development Resources plc has started drill testing “multiple high-priority” gold targets at Lander West within the Selta project in the Northern Territory, Australia. PROSPECTIVITY The 3,000 metres, phase I reverse circulation programme follows geological mapping, geochemistry, airborne magnetics, gradient array induced polarisation geophysics and target generation. The company said that staged drilling would allow […]
Harbour completes acquisition of Waldorf subsidiaries
Harbour Energy plc has completed its acquisition of substantially all the subsidiaries of Waldorf Energy Partners Ltd and Waldorf Production Ltd in the UK for $163 million (£121m). RESOURCE Completion of the transaction follows regulatory approval and full final settlement of all creditors’ claims against the acquired subsidiaries. Harbour agreed in December 2025 to the […]