i3 Energy plc has spud the Serenity appraisal well on licence P.2358, block 13/23c in the Outer Moray Firth. SCHEDULE The operator owns a 75% working interest in the field and Europa Oil & Gas (Holdings) plc owns 25%. i3 expects that drilling programme will last some 30 days after which it will plug and […]
Tag: extractive industries
Red Rock raises £160,000 via discounted placing with single investor
Red Rock Resources plc received £160,000 through a placing of 40,000,000 new ordinary shares of £0.0001 each in the company with a high net worth investor at 0.4 pence per share. JOINT BROKER Monecor (London) Ltd, trading as OvalX, raised for the money which Red Rock will use for general working capital. In conjunction with the […]
Block CFO William McAvock resigns to improve company’s efficiencies
Block Energy plc’s chief financial officer William McAvock had agreed to resign as part of the company’s drive to improve efficiencies. REDUNDANT The company has also made the position of CFO redundant as part of its “continuing efforts to improve efficiency across its oil and gas business in Georgia”. “During his service of over three […]
UK Oil & Gas CFO Matt Gormley steps down
UK Oil & Gas plc chief financial officer Matt Gormley has stepped down. Mr Gormley, who was appointed to the post in November 2021, is leaving for a new position.
FCM appoints Carlos Espinosa to subsidiary board
First Class Metals plc has appointed Carlos Espinosa to the board of its 100% owned subsidiary First Class Metals Canada Inc. Mr Espinosa is a mining executive with more than 30 years’ experience within Canadian capital markets, international business development and commercial banking. He is currently chief executive at RooGold Inc. and director at Monarca Minerals […]
i3 Energy appoints John Festival as non-executive chairman
Oil and gas company i3 Energy plc has appointed John Festival as non-executive chairman, effective immediately. Interim chairperson Linda Beal remains as a non-executive director (NED) and chair of the audit and governance committees. Mr Festival has been a NED with i3 since December 2020 when it acquisition Toscana Energy Income Corporation, where he had […]