Horizonte Minerals plc has chosen Wood plc for the principal engineering contract to conduct the feasibility study (FS) for its Vermelho nickel-cobalt project in the Pará State, northeast Brazil. VERMELHO Vermelho lies in the Carajás mining district which has developed infrastructure and hydroelectric power as a result of sustained mining activities. The company’s flagship nickel […]
Author: editorial
UKOG urges planning changes as Loxley challenge is rejected
UK Oil & Gas plc urged the Government to implement quickly its changes to the planning system after the High Court rejected challenges to the Loxley gas project in Surrey. JUDICIAL REVIEW Waverley Borough Council and Protect Dunsfold were each unsuccessful in their requests for a judicial review and ordered to pay £8,835 and £3,000 […]
Prospex Energy receives £24,000 via warrant exercise
Prospex Energy plc received £24,000 following notice to exercise warrants for 800,000 new ordinary shares of 0.1p each at an exercise price of 3 pence. The warrants were issued pursuant to a warrant agreement dated 23 February 2022, relating to a placing in March 2021. After admission, Prospex will have a total of 274,980,846 ordinary shares […]
EnQuest agrees refinancing of $792m senior notes
EnQuest plc has agreed a successful refinancing of its existing $792.3 million senior notes due 2023. AGREEMENT The company, with oil and gas projects in the UK North Sea and Malaysia, priced the offering of new $305m 11⅝% senior notes due 2027, which were due for settlement on 25 October 2022, at an issue price of […]
Block production and revenue fall in Georgia
Block Energy plc reported a fall in production and revenue during the third quarter from its operations in Georgia. FINANCES Revenue was $1,833,000 (Q2: $2,228,000) while the cash balance was $1.1m (30 June 2022: $1.4m). Block Energy said the decrease in cash reflected the cost of drilling well JSR-01, ordering of long-lead items associated with […]
Harbour NED Anne Marie Cannon to step down
Harbour Energy plc said that Anne Marie Cannon intended to step down as a non-executive director. MERGER Ms Cannon has served nearly nine years on the board of Harbour and before that Premier Oil plc. She will leave on 31 October 2022 to focus on her other professional commitments. “On behalf of the board, I […]