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Tom Frew

Global Power locks in new permanent CEO

02 Jul 2015 @ 23:13
Who will be in charge? Global Power Equipment Group Inc. (NYSE:GLPW) today announced that it has entered into a new employment agreement with Terence Cryan pursuant to which he will continue to serve as the Company’s President and Chief Executive Officer, a position he first assumed on an interim basis on March 20 of this year. The new employment agreement is for a term running through...

BP to Settle Federal, State and Local Deepwater Horizon claims

02 Jul 2015 @ 23:09
Five years on from the Deepwater Horizon accident and spill in 2010, BP has reached agreements in principle to settle all federal and state claims arising from the event. BP today announced that its US Upstream subsidiary, BP Exploration and Production Inc (BPXP) has executed the agreements with the US federal government and five Gulf Coast states. The agreement with the states of Alabama...

Vast Resources is on-track to commence gold production Aug 2015 at Pickstone-Peerless

02 Jul 2015 @ 23:06
On-Track to Commence First Gold Production in August 2015 at Pickstone-Peerless Gold Mine Vast, the AIM listed resource and development company, has announced that strong progress is being made in advancing the Pickstone-Peerless Gold Mine in Zimbabwe into production in August 2015. The mine is being commissioned, with an estimated annualised gold production of circa 10,000oz Au expected from...

Plexus finalises transformational licencing agreement with $6.8Bn Chinese giant Jereh

02 Jul 2015 @ 23:02
Binding Licence and Share Subscription Agreements Signed with Major Chinese Oil Services Provider Yantai Jereh Oilfield Services Group Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, announces that it has finalised and entered into a licence agreement dated 1 July 2015 with Yantai...

Changes at the top for North River Resources

02 Jul 2015 @ 22:57
Changes at the top. North River, the AIM quoted resource company focused on the Namib Lead-Zinc Mine in Namibia, has announced the following changes to the Board: James Beams has been appointed to the Board as an Executive Director with immediate effect. Mr Beams joined the Company in January 2015 and will assume the role of Chief Executive Officer going forward. James is also a director of...

Markets hold steady as Greek stand-off continues

01 Jul 2015 @ 10:03
Uncertainty continues as Greece fails to meet IMF loan repayment European markets have remained steady following Greece’s failure to repay a loan to the International Monetary Fund (IMF). The London, Paris and Frankfurt exchanges saw modest rises at the start of morning trading following Tuesday’s 22:00BST passed without an agreement being reached between the Greek government and the...

Greece faces turmoil as IMF deadline looms

30 Jun 2015 @ 12:36
Greek PM asks voters to reject bailout terms The future of the Greek economy faces continued uncertainty after Prime Minster Alex Tspiras threatened to resign if citizens did not vote to reject EU-IMF proposals bailout. “If the Greek people want to proceed with austerity plans in perpetuity, which will leave us unable to lift our head… we will respect it, but we will not be the...

UKOG farm-in into Europa operated licence next door to Horse Hill discovery in the Weald Basin

29 Jun 2015 @ 19:38
Update on PEDL143 Licence, Holmwood Prospect, Weald Basin, UK Europa Oil & Gas plc, the AIM quoted oil and gas company with a combination of producing and exploration assets in Europe, notes today’s announcement from UK Oil & Gas Investments PLC that it has executed a Farm-in agreement with Egdon Resources to acquire a 20% interest in the Europa operated PEDL143 licence in the Weald...

Ariana Resources talk Turkey

29 Jun 2015 @ 19:33
RESULT OF AGM Ariana Resources, the Anglo-Turkish gold exploration and development company, has confirmed that all of the resolutions put to shareholders at the Company’s Annual General Meeting held today were duly passed. The Chairman, Michael de Villiers, made the following comments at today’s meeting: “Ariana Resources has been an AIM-listed company for 10 years. In that...

Northcote Energy discuss sale of non core asset

29 Jun 2015 @ 19:30
Divestment of Interest in East Blackwell Northcote (AIM:NCT) has, in line with its strategy to dispose of certain non-core assets in its portfolio, it has sold its 100% working interest in the East Blackwell Skinner Sand Unit in Kay County, Oklahoma to a private party for US$75,000 in cash. East Blackwell has historically contributed approximately 2 barrels of oil gross per day. Taken together...
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