Business
Half Yearly Report
Half Yearly Report.
About this update from Prospex Energy Plc
[{"type":"text","content":"\n \nRNS Number : 6637S Premier Gold Resources PLC 26 September 2014 \n \n\nEmbargoed: 0700hrs 26 September 2014\n \nPremier Gold Resources Plc\n \n(\"Premier Gold\" or the \"Company\")\n \nInterim results for the six months ended 30 June 2014\n \n \nChairman's Statement\n \nShareholders will be aware from the Company's communications over the past twelve months that Premier Gold has been prevented from engaging in any activity in the field, despite its readiness to do so. This obstacle had arisen from factions of local groups seeking to hold up the work programme at Cholokkaindy illegally. It is immensely disappointing to advise you that, despite our persistence in the Kyrgyz Republic, Premier Gold continues to be afflicted by this local resistance. As such, no material operational developments occurred during the period under review. \n \nThroughout the period, the board has continued to press its case with the Kyrgyz authorities such that the Company can safely resume its work programme at Cholokkaindy. As announced on 16 June 2014, Premier Gold's actions have included issuing a notice to the Government of the Kyrgyz Republic that the Company is considering claims for compensation arising from its inability to execute a work programme on the Company's licence.\n \nNotwithstanding this, the Company continues to stress that its preference remains to work cooperatively with the Kyrgyz Government in order to achieve a resolution of its local issues which prevent it from progressing the work programme at Cholokkaindy. To this end we are encouraged that several weeks ago the Kyrgyz Government established a working committee whose purpose is to facilitate such a resolution. The working committee was formed on the authority of Prime Minister Djoomart Otorbaev and is headed by the Deputy Minister of Economy, Adylbek Kasymaliev. Its ten members comprise governmental representatives from multiple departments operating within such areas as legal affairs, mineral resources, national security, justice and finance. \n \nThe working committee's establishment is unquestionably a positive sign that there is a genuine will at the highest levels of Government to resolve Premier Gold's issues and, more generally, to provide a cooperative environment for the development of the country's natural re...