UK Oil & Gas (UKOG) announce that the High Court has rejected legal challenges by Protect Dunsfold and Waverley Borough Council against the Secretary of State’s decision to grant planning permission for Loxley, the conventional gas and hydrogen feedstock project in Surrey.
Loxley planning consent therefore remains in full force and the Company’s plans to implement the project remain unchanged.
Kavango Resources (KAV) announced petrological confirmation of an Iron Oxide Copper Gold system at the company’s Ditau Project in southwestern Botswana. Kavango has received petrology results of core samples taken from Ditau, including exploration hole DITDD004, which the company successfully drilled in May 2022. Kavango believes this is the first confirmation of IOCG-style mineralisation in Botswana and suggests there is considerable exploration upside at Ditau.
Metals Exploration (MTL), a gold producer in the Philippines, announced its quarterly results for Q3 2022. The company said Runruno has continued to perform well during the quarter despite transmission line power outages which have impacted the stability of the BIOX. These power outages have all impacted our FY2022 guidance. Notwithstanding the above, the plant is operating well and gold production in Q4 2022 is expected to be the best quarter result for this year.
TomCo Energy (TOM), the US operating oil development group, announced a repayment of $250,000 and further extension to the repayment date for the remaining $1,000,000 outstanding principal amount of the unsecured loan from Valkor Oil & Gas to the company’s wholly owned subsidiary, Greenfield Energy LLC, which was used for the acquisition of the initial 10% of the Membership Interests in Tar Sands Holdings II LLC.
Sabien (SNT) announced the publication of the audited annual report and accounts for the year to 30 June 2022. The company said Sabien is a microcosm of the challenges and opportunities facing the world today. The Group has developed, and is developing, a series of operations whose purpose and growth are both strong now and likely to strengthen further in the medium term.
Revolution Beauty (REVB) announced that Tom Allsworth (Executive Chairman) and Adam Minto (CEO) have voluntarily agreed to step away from the day-to-day management of the business for the time being, in order to allow them to support the independent investigation being carried out by Forensic Risk Alliance and Macfarlanes. This decision to step away is not a result of any matter arising from the independent investigation to date. The Board considers that at the current time, the Group requires an operational leader that can devote their full time and attention to managing the Group’s business.
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