Reabold Resources plc’s prospective buyer announced it would not make an offer after the oil and gas investor “failed to engage meaningfully” over the proposed transaction. PORTILLION Portillion SPV O&G executive chairman Kamran Sattar made the offer in mid-March. The company was established to “acquire and manage companies in the energy sector engaging in the […]
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CAML on target for paste fill mining at Sasa
Central Asia Metals plc said it was on course to meet group guidance and project developments at the Kounrad copper recovery plant in Kazakhstan and zinc-lead mine in North Macedonia. PRODUCTION The company’s figures for the first quarter of 2023 shows production of copper at 3,336 tonnes (Q1 2022: 3,024t). Compared with the same period […]
Harbour-BP to develop Viking CCS
Harbour Energy plc has agreed with bp to develop the Viking carbon capture storage (CCS) and transportation project close to the Humber region in the southern North Sea. VIKING CCS The company continues as operator holding 60% of the project with bp acquiring a 40% non-operated share. Viking CCS comprises four main components relating to […]
Galantas to drill extension at Kerr zone-Joshua vein
Galantas Gold Corporation plans to drill an initial 600-metre extension targeting the Kerr zone and deeper extensions of the Joshua vein at the Cavanacaw mine in Omagh, Northern Ireland. UNDERGROUND DRIVES The Canadian company will drill the under-explored area between the Joshua and Kearney veins, approximately 300m north and on strike of the Kerr surface […]
Two Capricorn NEDs decline re-election
Capricorn Energy plc non-executive directors Erik B. Daugbjerg and Catherine Krajicek will not seek re-election at the company’s next general meeting. Both were sitting NEDs while the company underwent a change of management following the failed NewMed merger. Mr Daugbjerg and Ms Krajicek will retire immediately following the meeting on 20 June 2023. “On behalf of […]
Oriole targets $1m to develop CLP gold licences
Oriole Resources plc aims to secure US$1 million investment for exploration on its five gold licences in the eastern Central Licence Package, central Cameroon. TERMS The company said it was transferring its 90% project interest into a sub-holding company, NewCo, to enable the investment and advance exploration while minimising equity dilution for shareholders. Oriole has […]