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LSE Market News

Ariana secures new Turkish rights

02 Sep 2014 @ 21:26
ARIANA secures 100% surface rights for Arzu South Ariana Resources plc, the Anglo-Turkish gold exploration and development company focused on Turkey, has released update from its Kiziltepe Gold-Silver Mine following the Company’s recent approval of US$33 million of funding with a Turkish investment bank. Kiziltepe is the initial mine targeted at the Red Rabbit Gold Project in western...

Europa Oil & Gas results onshore UK results

02 Sep 2014 @ 21:18
Preliminary Results of the Wressle-1 Well, onshore UK Europa Oil & Gas plc, the AIM quoted oil and gas exploration and development company with a combination of producing and exploration assets in Europe, has announced preliminary results of the Wressle-1 conventional exploration well (`Wressle well’) in Lincolnshire which was drilled to a total depth of 2,240 metres (1,814m TVDSS...

Capital for Colleagues forms ‘specialist employee ownership advisory company'

01 Sep 2014 @ 21:48
Creation of Employee Ownership Advisory Company Capital for Colleagues, the ISDX-quoted investment vehicle focused on opportunities in the Employee Owned Business sector, has co-founded Capital for Colleagues Ownership Partners, a new advisory business to increase its reach and provide additional advice and support to EOBs or companies looking to become employee owned. The new specialist...

Savannah talks Oman sulphide clusters

01 Sep 2014 @ 21:42
Potential Volcanic Massive Sulphide Clusters Identified – Blocks 5&6 Copper Project, Oman Savannah Resources (LSE:SAV) has announced that it has received positive results from the recent reprocessing of a Versa​tile Time Domain Electromagnetic airborne survey originally completed in 2010 at its highly prospective, 870km² Block 5 and Block 6 copper project, located in the prospective...

Northcote acquires working interest in Alta Loma Field

01 Sep 2014 @ 21:35
A 37.5% working interest Northcote (LSE:NCT) has agreed to acquire a 37.5% working interest in the Alta Loma Field from Springer Oil & Gas LLC . The Alta Loma Field is a 444 gross acre (net 167 acres) property located in Galveston county, Texas and is operated by Frankfurt Stock Exchange listed Activa Resources AG (DE:NXI). Highlights: · Alta Loma Field currently produces 30.7 BOEPD gross...

Plexus signs up BG International for POS-GRIP

01 Sep 2014 @ 21:30
BG International Becomes Sixth Oil and Gas Major to Join POS-GRIP ‘HGSS’ New Subsea Wellhead Design Development Joint Industry Project 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 BG International Ltd, a subsidiary of BG Group, has signed up as the sixth major oil...

Magnolia sells ‘Non-Core' assest in Dixie

30 Aug 2014 @ 23:32
Sale of Non-Core Assets in Alabama, Texas and Florida Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, has announced the sale of 24 smaller interests in non-core wells for a total consideration of US$240,750, a 190% increase on the US$83,000 value assigned to the combined proved and developed producing reserves (`PDP’) of these...

Paragon Diamonds talk loans and board changes

27 Aug 2014 @ 21:35
Transfer of Convertible Loan Agreement and Board Changes Paragon Diamonds Limited, the AIM quoted diamond development and production company in Africa announces that Obtala Resources Limited, the holder of £1,996,000 loan notes in the Company, as well as 27.33% of the Company’s issued share capital, has entered into an agreement to sell the Notes to Titanium Capital Investments Limited...

Goldplat lays out Kilimapesa and Midas Gold plans

27 Aug 2014 @ 21:25
Operations and Trading Update Goldplat plc, the AIM listed gold producer in Africa, announces an operations update for its two market leading gold recovery businesses in South Africa and Ghana, its Kilimapesa Gold Project in Kenya and Midas Gold initiative in Burkina Faso. Trading Update: Goldplat operated profitably in the second half of FY 2014, with the operating profit eliminating the H1...

Rumors Push ASOS Shares Higher

27 Aug 2014 @ 15:48
The share price of ASOS (LSE:ASC) has taken a dramatic upturn today, reaching 2,763.00 by 2:30 this afternoon, a rather phenomenal 17.7% increase from yesterday’s closing price of 2,348.00. Perhaps the most interesting fact about the sudden turnaround in share price is that the company hasn’t done anything to motivate investor interest. Unless you consider rumors to be substantial...
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