LSE Market News

DekelOil Public Limited, operator and 51% owner of an established, vertically integrated palm oil project in Côte d’Ivoire, has said that it has received confirmation from the Government of the Côte d’Ivoire that Dekel Oil successfully met the conditions regarding its tax exemption application under the Investment incentives code, as administered by the government agency CEPICI. As a result...

The Board of Royal Dutch Shell has announced the pounds sterling and euro equivalent dividend payments in respect of the fourth quarter 2013 interim dividend, which was announced on January 30, 2014 at US$0.45 per A ordinary share (“A Share”) and B ordinary share (“B Share”). Dividends on A Shares will be paid, by default, in euro at the rate of €0.3244 per A Share. Holders of A Shares who...

North River Resources Plc (AIM:NRRP) have released recently assayed drilling results indicate significant quantities of high grade mineralisation under the historic Namib Lead Zinc mine. Highlights: – 23.3m of 20.5% combined Pb/Zn with 132.4 g/t Ag – 15.1m of 16.9% combined Pb/Zn with 45.2 g/t Ag – 12.1m of 18.1% combined Pb/Zn with 169.2 g/t Ag The drilling also included a...

Tethys Petroleum (LSE:TPL); (TSX:TPL) is certainly not be the biggest oil and gas exploration company. It also is certainly not the only company engaged in exploration and production in central Asian republics that were formerly members of the Soviet Union. However, it is currently the only independent exploration and production company operating in more than one of those republics...

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP method of wellhead engineering, announces that Senergy Holdings Limited, the global-leading energy services provider and a member of the Lloyd’s Register Group, has signed up as an additional Consulting Partner to Plexus’ on-going Joint Industry Project to develop and...

Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, has announced its participation in two new wells in Oklahoma, in line with its strategy to rapidly build production and prove up the reserves on its leases in oil rich formations, including the Bakken in North Dakota and Woodford and Mississippi Lime in Oklahoma. – Increase in...

African Consolidated Resources PLC, the AIM listed resources and development company, has confirmation of an Ore Reserve Estimate in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 Edition (“the 2012 JORC Code”) of 16.6Mt grading at 1.9g/t for 1.02Moz of contained metal at its flagship Pickstone Peerless Gold Project in...

The move is expected to improve competitiveness, helping US Lower 48 onshore business remain at the forefront of innovation and development of technologies for unconventional resources BP today announced its intention to establish a separate business to manage its onshore oil and gas assets in the US Lower 48. The US Lower 48 onshore oil and gas business environment has unique characteristics...

Atlantic Coal plc, the AIM listed open cast coal production and processing company with activities in Pennsylvania, USA, has announced that it has ordered six Komatsu Model HD785-7 100 ton haul trucks and two CAT D9 dozers. This equipment purchase is expected to enable the Company to continue to increase the run-of-mine (“ROM”) production profile at its Stockton Colliery, a...

One week ago today, on 24 February, Gulf Keystone Petroleum (LSE:GKP) announced that it plans to bid adieu to the AIM and step into the LSE Main Market on 24 March. That is three weeks from today. Although GKP dominated headlines last Monday, the news has been eerily devoid of anything to do with the company since. Following GKP’s share price is about the only way to glean any...