Angus Energy plc expects live gas in less than a week with first gas shortly afterwards at Saltfleetby, east Lincolnshire. EMERGENCY CASES The company said that, with specialist contractors and commissioning agents, it was making good progress with the testing and inspection of the facilities. “Whilst mechanical integrity is now complete, electrical and control circuitry […]
Author: editorial
Serica rejects £1bn merger offer from Kistos
Serica Energy plc said it had rejected a proposed £1bn merger comprising cash and shares of its North Sea oil and gas assets with smaller rival Kistos plc. OFFERS “The proposed terms are the same as the terms outlined in a possible non-binding offer made by Kistos on 24 May 2022 that was rejected by […]
Predator receives £143,252 in warrant exercise
Predator Oil & Gas Holdings plc received £143,252.88 following a warrant exercise notice from Novum Securities Ltd. The warrant agreements date from May 2018 in connection with a placing in which Novum subscribed for 1,892,960 new shares at 2.8p per share and a February 2020 placing of 2,256,250 new shares at 4p per share. Predator has […]
Caerus NED Andrew Daniels resigns
Caerus Mineral Resources plc said that Andrew Daniels had resigned as non-executive director (NED). Mr Daniels will remain a director of New Cyprus Copper P.A. Ltd which is part of Caerus’ Cypriot portfolio. New Copper holds joint venture exploration licences in Cyprus.
Power Metal continues Authier earn-in
Power Metal Resources plc said that strong lithium prices and neighbouring mining success had prompted it to continue its earn-in agreement for 100% of the Authier North and Duval East lithium properties in the prolific Val D’Or, Quebec, Canada. PROPERTIES In July 2021, the company’s local subsidiary Power Metal Resources Canada Ltd signed the earn-in agreement with Eagle Ridge […]
Harbour finds 390ft gas column in Timpan-1
Harbour Energy plc said it had encountered a 390ft gas column after completing drilling the Timpan-1 exploration well located 150km offshore Indonesia. OPERATIONS The well was drilled to a total vertical depth of 13,818ft subsea. The 390 foot gas column, found in a water depth of 4,245ft, is in a high net-to-gross, fine-grained sandstone reservoir […]