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LSE Market News

Empyrean Energy gains seven wells since March

17 Sep 2014 @ 18:54
Q2 2014 Production and Operational Update Empyrean Energy, an US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, released new details regarding production and operations for the three month period to the end of June 2014 updated with current data since the end of the Quarter, where available. Empyrean has a 3% working...
 

Sable Mining Africa issues FY results

17 Sep 2014 @ 18:50
So, how did they do? Sable Mining Africa Ltd, the AIM listed iron ore exploration and development company, has presented its results for the year ended 31 March 2014. Highlights · Focus on the high grade, high margin, low capex Nimba Iron Ore Project in south-east Guinée · Nimba distinguished as one of the largest undeveloped on, or near-rail Direct Shipping Ore (‘DSO’) projects to...
 

Mariana secure $6m in funding for South American exploration

17 Sep 2014 @ 18:46
Mariana Resources secures up to US$6 million investment to fund growth of South American exploration portfolio over the next 12 months Mariana Resources Ltd , the AIM quoted exploration and development company focused in Peru, southern Argentina and Chile, has entered into a convertible securities issuance deed with Bergen Global Opportunity Fund, LP, an institutional investment fund managed...
 

DekelOil issues 2014 Q1-2 results

16 Sep 2014 @ 21:32
Talks of completed 60 tonne per hour mill DekelOil Public Limited, a palm oil development company with interests in Côte d’Ivoire, has announced its interim results for the year ended 30 June 2014. Highlights: · DekelOil successfully established as a revenue-generative, EBITDA-positive vertically-integrated CPO producer in the Cote d’Ivoire · Successful commissioning of a 60 tonne...
 

Thalassa Shares Drop 24%

16 Sep 2014 @ 16:55
Thalassa Holdings share price sank nearly 24% following publication of its interim results for the first half, as of 30 June, in a vivid display of the anxiety that continues to infect investors. My personal opinion is that the anxiety is not caused so much by any particular company report, but more so by concerns about the sustainability of the bullish market, the continuing uncertainties of...
 

Ferrex's Nayega manganese project to develop 250k tonnes per anum?

15 Sep 2014 @ 23:03
Nayega Manganese Project, Togo – New Ferromanganese Strategy, Definitive Feasibility Study and Mining Licence Update Ferrex plc, the AIM quoted iron ore and manganese development company focused in Africa, has provided a strategic update from the 92,390Ha Nayega Manganese Project, held through Societe Generale de Mines, located in northern Togo. The Company is focussed on maximising the...
 

Africa Oilfield secures 15 year Kenyan lease

15 Sep 2014 @ 23:00
Land Lease in Northern Kenya to Establish Logistics Hub Africa Oilfield Logistics Ltd, the AIM listed African focussed support services and logistics company, has said that Ardan Risk & Support Services, the Company’s primary investment, has entered into a 15 year lease over a sizeable land plot in Northern Kenya, which will be used for warehousing, fuel distribution, cold storage...
 

Paragon Diamonds issue Q1-2 audited results

15 Sep 2014 @ 22:57
Company argues of “substantial” progress made Paragon Diamonds Limited, the AIM quoted diamond development and production company, has issued audited final results for the six months to the 30 June 2014. Overview: * Substantial progress made towards building a cash generative diamond production company with a portfolio of multi-stage projects located in known diamondiferous regions...
 

Alecto talk Centamin, Gold and Ethiopia

15 Sep 2014 @ 22:54
Update re: Ethiopian Wayu Boda JV Gold Project Alecto Minerals plc (LSE:ALO), the AIM quoted mineral exploration company focussed on West and East Africa, has been formally notified by its Joint Venture partner Centamin plc that, following the completion of the recent exploration programme, it will continue to satisfy the initial expenditure commitment at the Company’s 945 sq. km. Wayu...
 

BP and Tokyo Electric sign 17-year LNG deal

14 Sep 2014 @ 21:39
Will involve 1.2m tonnes of LNG BP and Tokyo Electric Power Company (TEPCO) has signed a sales and purchase agreement for liquefied natural gas (LNG). Under the agreement, TEPCO will purchase from BP up to 1.2 million tonnes of LNG per year (mtpa) for 17 years starting in 2017. BP will supply TEPCO with LNG from its diverse portfolio of LNG sources. This is the first long-term portfolio...
 
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