IGas Energy plc’s chief executive officer Stephen Bowler has left the company by mutual consent. The news comes as the company appointed a new chief financial officer and interim executive chairman. Mr Bowler was chief financial officer from November 2011 to May 2015 before becoming CEO. He guided the company through periods of low oil prices […]
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IGas appoints Chris Hopkinson as interim chairman
IGas Energy plc has appointed non-executive chairman Chris Hopkinson to the role of interim executive chairman. The news comes as the company’s chief executive officer Stephen Bowler leaves the company by mutual consent. IGas added that it was new phase which required urgent technical aspects in managing its assets and redirection of its portfolio, which […]
IGas appoints Frances Ward as CFO-board director
IGas Energy plc has appointed Frances Ward as chief financial officer and a board director, with immediate effect. Ms Ward has more than 15 years’ senior management experience in the international oil and gas sector. She joined IGas in 2017 as group financial controller and became finance director in July 2020. Her current directorships are […]
Reabold conditionally sells Corallian stake for £32m
Reabold Resources plc has conditionally sold its 49.99% stake in Corallian Energy and its Victory gas field to an oil and gas major for £32 million. TERMS The company’s net share will be £12.7m, representing a “significant uplift” on its investment of £7.5m in Corallian since late 2017. Reabold will use the proceeds for its other existing […]
CRL’s data indicate tin-tungsten mineralisation trends
Cornwall Resources Ltd reported new areas of mineral prospectivity near surface for tin and tungsten within the company’s licence area west of Redmoor. PHASE I The results are from the first data released today in the Deep Digital Cornwall (DDC) project which aims to help create businesses applying digital solutions to below ground, mining and […]
Serica faces six-week delay due to North Eigg equipment failure
Serica Energy plc faces a £3 million cost for an expected six-week delay in drilling due to equipment failure and mobilisation of a replacement at the North Eigg exploration well in the North Sea. TESTING The company said that operations had been progressing successfully despite some drilling delays in the top-hole sections. “During recent preparations […]