Tullow Oil plc non-executive director Roald Goethe bought 100,000 ordinary shares in the company for a total £28,500. The purchases via the London Stock Exchange on 8 March were in two tranches of 50,000 shares, for £0.29 and £0.28 per share.
Author: editorial
Union Jack increases royalties portfolio in USA
Union Jack Oil plc has added three packages of wells to its mineral royalty portfolio in the United States. PROLIFIC The company’s agent and adviser Reach Oil & Gas Inc brokered the purchases. Top-tier Bakken Shale in the Williston Basin is a “diversified producing 96 well interest package” located in Dunn, McKenzie and Williams Counties, […]
Power Metal new spin-out targets Arabian Gulf
Power Metal Resources plc has established its seventh spin-out, Power Arabia Ltd, which will focus on the Arabian Gulf. DISCUSSIONS The subsidiary is expected to undergo pre-IPO financing to fund activities and listing on the London Stock Exchange. Power Arabia will also cover any projects outside the region in joint ventures with “entities domiciled within the […]
EPL concerns spark Anning-Somerville review
Hartshead Resources NL is reviewing the economics and timeline for phase 1 development of the Anning and Somerville gas fields following plans to increase UK oil and gas taxes. UNCERTAINTY The Labour Party said it could raise more than £13 billion by increasing the Energy Profits Levy from 35% to 38%, leading to the headline […]
Karelian to finalise diamond mine compensation
Karelian Diamond Resources plc expects to finalise two landowners’ compensation appeals relating to the development of a diamond mine at Lahtojoki in Kuopio Kaavi, Finland. CONCESSION The Finnish Land Court has set the date for 21 May in Kaavi, when it will also complete appeals on the mine boundary. The Finnish mining authority TUKES, approved […]
Teathers changes name to Uranium Energy Exploration
Teathers Financial Ltd has changed its name to Uranium Energy Exploration plc. Companies House recorded the change effective on 8 March 2024. The directors remain the same as Alexander Barblett, accountant Mario Visconti and Power Metal Resources plc chief executive Sean Wade. Power Metal previously conditionally sold two of its Athabasca uranium properties, Reitenbach and […]