Capricorn Energy plc said it was unlikely to receive the full $29.5 million from its sale of the Catcher and Kraken oil fields, following court refusal of the purchaser’s restructuring plan. DISCUSSIONS The 2021 sale, amended in 2023, to Waldorf Production UK plc was part of Capricorn’s acquisition of a 25% non-operated interest in the […]
Tag: High Court
WCM’s deep coal mine remains uncertain
West Cumbria Mining Ltd’s plans appear uncertain for a deep coal mine under the Irish Sea off the coast of Whitehaven after the company last month withdrew its application. LICENCES The company has yet to make a statement on its future plans since the High Court quashed the approved mine in September 2024. The decision […]
Condor shareholders approve sale
Condor Gold plc’s sale to Metals Exploration plc was today overwhelmingly approved by shareholders. HIGH COURT At a court meeting shareholders, together representing more than 75% of the voting rights, agreed to the sale by 99.41%. At a general meeting a total of 99.37% also voted in favour of the proposed transaction. Completion of the […]
WCM ‘robustly’ defends coal mine
West Cumbria Mining Ltd said it had “robustly” defended the legal challenges against its planned deep coal mine heard last week in the High Court. U-TURN The company responded in a deferred rolled-up hearing between 16 and 18 July, to objections from Friends of the Earth and South Lakes Action on Climate Change to the […]
WCM coal mine approval was “error in law”
West Cumbria Mining Ltd’s plans for a new deep coal mine again face uncertainty after the new Labour Government said that the initial 2022 approval was an “error of law”. NET ZERO The Government’s words, said yesterday to the BBC, follows the Supreme Court’s ruling that oil production at Horse Hill in Surrey must include […]
Date set for WCM rolled up court hearing
West Cumbria Mining Ltd will have the deferred rolled up hearing in July in relation to its plans for a coking coal mine off the coast of Cumbria. The company said that the High Court had confirmed the date would be between 16 and 18 July. The hearing follows a challenge by two parties against […]