LSE Market News

Potential Investment and Trading Update MX Oil plc, the AIM quoted oil and gas investment company, has announced that besides its focus on Mexico, it is considering a number of near term, cash generative investments in geographies outside of the Americas that could assist in funding the work programmes of its target Mexican assets. However, […]

Q1 2015 Production from Sugarloaf AMI, Texas Empyrean Energy, the profitable US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, has provided a production update from its flagship Sugarloaf AMI Project in the prolific Eagle Ford Shale, Texas, for the three month period to the end of […]

Acquisition of income producing assets in Romania and Bulgaria Secure Property Development & Investment PLC, the AIM quoted property company focused on Emerging Europe, has announced it has agreed to acquire a series of prime property assets in Romania and Bulgaria, raising the Company’s annualised net operating income to over €8 million. The Acquisitions follows […]

ENOC released a statement this week saying they are proposing a cash offer of 735p per Dragon Oil (LSE:DGO) share. I believe this is a truly low-ball offer and should be dismissed by shareholders. ENOC will pay more. I don’t believe the board will recommend this 735p offer. After failing to buy Dragon in 2009, […]

It’s been a while since I’ve devoted attention to fastjet (LSE:FJET), its share price and its operations. That doesn’t mean that nothing of note has been happening. In fact, quite the contrary. The little airline that thought it could, is on its way to becoming the successful airline that it should. There is no doubt […]

Will also provide marine bunker sales BP and Sinopec Fuel Oil today announce the formation of a 50:50 marine fuels bunkering joint-venture, BP Sinopec Marine Fuels Pte Ltd. Based in Singapore, one of the largest and busiest ports in the world, the joint venture will build out from its partners existing bunkering locations and activities. […]

Cerro Coihue* Financing Update Rame, the independent power producer, has announcde that it has executed binding terms with Anden Re. Capital SpA regarding the US$4.7 million funding facility, as announced on 13 March 2015, for the Cerro Coihue off-grid wind project in Chile, which is to supply power to a producing mine owned by TSX […]

Positive Mancos Shale Core Results Rose Petroleum plc, the AIM-listed (LSE:ROSE) natural resources company, has provided anupdate on the core analysis results from the State 1-34 well taken within the Mancos Shale interval in the Uinta Basin acreage in Utah. Highlights: · Mancos core analysis results correlate strongly or exceed parameters used by Ryder Scott […]

Tern shares (LSE:TERN) are consolidating to the upside and this may eventually result in an upward break which may enable the price to accelerate further upwards. In the chart, the ADX period 14 is around the level 20, confirming the consolidation phase. However, the DM+ is above the DM-, proving that the bulls have upper […]

Renew Holdings stock (LSE:RNWH) has really made for the sky and there is still a lot of energy in the stock, fueled by the bulls’ determination to push the price further higher. The price is far above the EMA 21 and the Williams’ % Range period 20 is around the overbought region. This means that […]