Cornwall Resources Ltd will use its Duchy licence as a “physical laboratory” to develop new ideas and sustainable extraction focused on tin, tungsten, lithium and other “critical minerals”. FUNDING The company said it would co-lead one of the trans-disciplinary work packages within the £4.5 million Green Economies Centre based at the University of Exeter and […]
Author: editorial
Sangomar production meets PSC sale terms
Capricorn Energy plc said that at least 30 days’ continuous production on the Sangomar oil field had met the production condition relating to the sale of its interest in the PSC. TAX The company was informed by operator Woodside Energy plc which began production on 10 June, offshore Senegal. Capricorn added that Woodside, as recipient […]
Prospex to expand into Poland
Prospex Energy plc plans to expand its onshore oil and gas portfolio with exploration licences in Poland. EXPERIENCE The company said it had identified “attractive” prospective blocks with proven gas production, high potential prospectivity in the targeted geological horizons, and high potential to unlock new reserves to bring onstream within two to three years. The […]
Prospex issues 4.4m share options
Prospex Energy plc has granted a total 4.4 million share options in the company, at 6.4p per share representing a 9.4% premium, to directors and management. EXPIRY The new options awarded represent 1.09% of the total issued share capital of the company as on 2 October 2024. The total options now awarded to directors and […]
Obituary – mining executive Danesh Varma
Anglesey Mining plc former director Danesh Varma who worked for the company for just under 10 years has died. Mr Varma joined the board in 1994 and held the post of finance director and company secretary before stepping down last November. He was also non-executive director at First Class Metals plc until his resignation in […]
Predator issues 3m share options to chairman
Predator Oil & Gas Holdings plc has issued three million share options to its recently appointed non-executive director and chairman Stephen Boldy. Issued on 1 October, the options are exercisable at 10.5 pence per share with one million immediately vesting. The remaining two million will vest after three months, or on first gas flow rate from the […]