Cornish Lithium has appointed chief financial officer Varshan Gokool to the board as an executive director. Mr Gokool joined the company in November 2020, bringing more than 20 years’ mining industry experience. He has worked for Euromax Resources in North Macedonia, European Goldfields in Greece and Romania and Katanga Mining in the Democratic Republic of […]
Author: editorial
Cornish Lithium appoints Ian Cockerill as chairman among board changes
Cornish Lithium Ltd has appointed Ian Cockerill as independent non-executive chairman among a series of board changes. He replaces Derek Linfield who will become a non-executive director. Former NED Louise Wrathall will leave the board to concentrate on her other business interests. Mr Cockerill has more than 45 years’ experience in the global natural resources […]
Neptune doubles Duva gas production
Neptune Energy and its partners today said they would support increased supplies to Europe by doubling gas production from the Duva field in the Norwegian North Sea. DEMAND Neptune added that the companies had worked closely with the Norwegian authorities to identify measures to help meet gas demand in Europe. “This will enable an increase […]
Power Metal notes ‘significant prospectivity’ at Athabasca
Power Metal Resources plc said its completed technical review of historical data showed “significant uranium prospectivity” at its portfolio surrounding the Athabasca Basin in Saskatchewan, Canada. DATA ROOMS The company holds seven properties which cover a total 450.01km2 (45,001ha). “We now have seven data rooms available which can be used for external third-party discussions, and also for internal […]
Angus ends sale process ahead of Saltfleetby first gas
Angus Energy plc said it had ended the formal sales process for the company following its increased share price and a “strongly supportive” economy. SOUND ENERGY The company had been approached by Sound Energy plc, which today confirmed it did not intend to make an offer. “After lengthy discussions on a possible combination with Sound, […]
Block looks at financing options following ‘robust’ Q1
Block Energy plc said it was looking at “non-dilutive financing options” to accelerate production at its gas and oil operations in Georgia. PRODUCTION The company included the news in its report for the three months ended 31 March 2022. Production was 46.1 Mboe (Q4 2020: 34.6 Mboe), comprising 32.1 Mbbls of oil (Q4: 24.9 Mbbls) and 14.0 Mboe of gas (Q4: 9.7 Mboe). […]