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LSE Market News

BP report $3bn Q3 profit

30 Oct 2014 @ 23:12
Down £0.7bn on Q3 2013 BP has reported its financial results for the third quarter of 2014. Underlying replacement cost profit for the quarter was $3.0 billion, compared with $3.7 billion for the same period in 2013. Operating cash flow for the quarter was $9.4 billion, compared with $6.3 billion in 3Q 2013. Total operating cash flow for the first nine months of 2014 was $25.5 billion. “BP’s...

Ferrex granted Environmental Permit for Nayega manganese mining

30 Oct 2014 @ 23:09
Nayega Manganese Environmental Permit Granted – Exploration Permits Extended Ferrex plc, the AIM quoted manganese and iron-ore development company focused in Africa, has announced that the Environmental Permit at the Nayega Manganese Project has been granted. The Project is located in northern Togo held through Societe Generale de Mines (SGM). The Environmental Permit sets the conditions...

FinnAust complete Kelkka Project Nickel Sulphide modelling

30 Oct 2014 @ 23:05
Kelkka Nickel Sulphide Project – Geophysical modelling completed, targets defined and drill programme designed and ready to drill FinnAust, the AIM listed exploration company with a multi-project copper, zinc and nickel portfolio in Finland and Austria, has completed of the modelling and drill design phase at its Kelkka Nickel Sulphide Project in South East Finland. Kelkka is located...

Plexus Holdings unveil Full Year results

30 Oct 2014 @ 22:59
Preliminary Results for the year to 30 June 2014 Plexus Holdings plc, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP method of wellhead engineering, announces its preliminary results for the year ending 30 June 2014. Financial Results: · Record revenue, EBITDA, profit before tax and profit after tax · 65.1% increase in profit after tax to £5.05m...

North American talks Louisiana oil

30 Oct 2014 @ 22:52
Operations Update for Shoats Creek Field, Louisiana North American Petroleum Plc, a company focussed on developing its interests in proven US onshore oil and gas formations, has provided an update on its 1,670 gross acre Shoats Creek Project, in Louisiana where NAP holds a 35%/26.25% working/net revenue interest alongside Northcote Energy (35% WI), and Springer Oil & Gas (30% WI). Shoats...

BP and CGG to develop new Marine Seismic Source technology

28 Oct 2014 @ 22:21
Two global companies to collaborate on R&D to take offshore industry’s subsea imaging capability to the next level. BP and CGG today announced an agreement for collaborative research and development in the field of new types of marine vibratory seismic sources. The agreement combines the companies’ research efforts and expertise to develop and deploy innovative seismic source technology...

Rame updates investors on Raki/Huajache Wind Farm

27 Oct 2014 @ 20:16
Operational Update: Construction of Raki / Huajache Wind Farm Project continues to make “Good progress” Rame Energy Plc, the international power generator and engineering company, is pleased to announce an update on the construction of its fully funded 15MW Raki / Huajache Project, the Company’s first equity participation in wind assets in Chile. This update is in line with...

Mariana Resources talk new share allotment

27 Oct 2014 @ 20:12
Allotment of Ordinary Shares following Exercise of Conversion Rights Mariana Resources Ltd, the AIM quoted exploration and development company focused in South America, has announced that it has received notice of exercise in respect of the convertible security previously issued on 16 September 2014 at a conversion price of 1.6 pence being 92.5% of the relevant VWAP, the details of which were...

DekelOil secures new funding

26 Oct 2014 @ 11:38
£1.5 million Fundraise and Grant of Share Options DekelOil Public Limited, the West African focused palm oil producer with a 51% interest in a vertically integrated palm oil project in Ayanouan, Côte d’Ivoire, announces that it hasraised £1.5 million before expenses through a placing of 87,200,000 new ordinary shares of €0.00003367 each in the capital of the Company and a subscription of...

African Barrick Gold Impresses

24 Oct 2014 @ 17:28
African Barrick Gold (LSE:ABG) released its unaudited results for the third quarter yesterday. Its share price rose from 195.00 to 200.00 on some impressive results. Typically, we (writers) rush to post the same headlines and stories that everyone else is writing. I have been thinking lately that waiting a day or two offers a slightly different perspective. Especially since we know that things...
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