Europa Oil & Gas (Holdings) plc has declined the offer of a licence by the North Sea Transition Authority in the 33rd offshore licensing round. OPPORTUNITIES The regulator had awarded the licence as a marriage between the company and another party. Europa declined the marriage and the full licence should NSTA decide to offer it […]
Author: editorial
Scirocco shareholders vote to cancel trading
Scirocco Energy plc shareholders today voted to cancel trading with the last day of dealings expected to be on 16 May. The company will hold further general meeting in approximately two months to appoint liquidators ahead of returning cash to its investors. The process will be via a members’ voluntary liquidation.
WGE plans geophysical surveys at Lorne
Western Gold Exploration Ltd (WGE) plans geophysical surveys on the Lorne porphyry district in Argyll following completion of its 2023-2024 drilling campaign. MINERALISATION The programme revealed a new copper-gold prophyry centre at the Ardlochan target and extended porphyry mineralisation > 800m westwards at the Lagalochan prospect. Both prospects lie on the Lorne Fault Zone and […]
Deltic mulls gas licence awards
Deltic Energy plc said it would consider whether to accept the two southern North Sea gas basin licences provisionally awarded in the UK 33rd offshore licensing round. PENSACOLA Containing “a mixture of small discoveries and low risk, infrastructure led exploration prospects”, Blackadder comprises blocks 47/5b, 47/10c and 48/6c while NE SNS consists of 43/2b, 43/3b, 43/4b, […]
Arkle raises £270,000 via placing
Arkle Resources plc has raised £270,000 before expenses via a placing of 108,000,000 new ordinary shares at a price of 0.25p per share. DIRECTORS Each placing share has one warrant attached with the right to subscribe for one new ordinary share at 0.35p for a period of two years. Proceeds will be used for lithium exploration […]
Oriole CEO Timothy Livesey steps down
Oriole Resources plc chief executive officer Timothy Livesey has stepped down and left the board, with effect from end of 30 April, to focus on his other business interests. His replacement is Martin Rosser who joined the board on 1 May 2024. Mr Livesey was pivotal in reinvigorating Oriole’s strategic direction which led to the […]