Support for Reabold Resources’ £6.14m offer for Union Jack Oil plc has reached 6.2% as Union Jack half-year revenue grows to £1.6m
Tag: company results
Harbour begins $250m share buyback
Harbour Energy plc today started to buy back its own ordinary shares for up to a maximum aggregate value of $250 million (£185.6m). The company announced the news in its 2026 half year results, which showed “excellent” operational performance and record production of more than 500,000 barrels per day. Outlook for its free cash flow […]
Harbour posts record production
Harbour Energy plc posted record production and an increase in revenue, while losses doubled on UK taxes and write-offs during 2025. NEW PROJECTS Production increased by 84% to a 474 thousand barrels of oil equivalent per day (2024: 258 kboepd), with new wells and projects in the UK, Norway, Argentina and Egypt. Revenue and other […]
Kistos enters 2026 with strong cash position
Kistos Holdings plc ended 2025 in a “robust” financial position of $199 million cash, as it looks to further benefit from its newly acquired licence interests in Oman. PRIORITIES The cash figure includes $75 million in tax rebates relating to activity on its Norwegian assets in 2024. The company noted that tax rebates of approximately […]
Central Asia meets guidance at Kounrad-Sasa
Central Asia Metals plc reported production within 2025 guidance at its Kounrad copper operation from waste in central Kazakhstan and the Sasa zinc-lead mine in North Macedonia. EFFICIENCY Figures from the solvent extraction–electrowinning (SX-EW) copper recovery plant at Kounrad, near the city of Balkhash, reached 13,311 tonnes, slightly lower than 2024’s figure of 13,439t. The plant […]
Tungsten West increases losses
Tungsten West plc posted a total loss of £40.4 million and cash reserves of £400,000 for its Hemerdon mine project in Devon. POSITIVE For the six months to 30 September 2025, operating losses of £3.8m added to a £37m non-cash fair value adjustment to convertible loan notes. The adjustment followed a rise in share price […]