Commodities

It is interesting to see that Bitcoin is strengthening seriously against USD (BTCUSD). Now that certain pairs and crosses are choppy, consolidating, and reversing, it is a surprise that Bitcoin is rallying significantly against USD. The cryptocurrency formed a solid base in the month of September. From that base a strong rally has started, which […]

Commencement of 10 Well Drilling Programme with Continental Resources in Oklahoma Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, has announced the commencement of a 10 well drilling programme, as announced on 2 October 2015, targeting the proven Woodford formation in the prolific South-Central Oklahoma Oil Province […]

Drilling Underway at High Priority Targets Block 4, Semail Ophiolite Belt, Oman Savannah Resources (LSE:SAV) has commenced the drilling of selected new VTEM targets and historical copper results around the Aarja Prospect in the Block 4 permit area. Savannah is earning a 65% shareholding in the Omani company, Al Thuraya LLC, the owner of the […]

Gulf keystone stock (LSE:GKP) is bearish in outlook and this is the trend that is supposed to continue holding out for the rest of this year. The hope of a bullish recovering has been dashed for the year. In the chart, we can see that the price is currently below the EMA 21 and the […]

Joint Venture with Orchid Group, Ethiopia Atlas Development (LSE:ADSS), the African focussed support services and logistics company, has announced that it has established an Ethiopian joint venture company with Orchid Business Group PLC, a prominent Ethiopian infrastructure, construction & logistics company, to provide industry leading international standard services in Ethiopia. This...

BP Technology Outlook predicts secure and sustainable energy future through application of existing and new technologies Advances in technology will keep energy supplies plentiful and affordable – enough to meet projected demand many times over — and help pave the way to a lower carbon energy mix, according to data published today in the BP […]

What are the details: Highlights · Proposed capital reorganisation: every 50 existing ordinary shares of 1 pence each to be consolidated into 1 consolidated share of 50.0 pence and each consolidated share will then be sub-divided into 1 new ordinary share of 1 pence and 1 new deferred share of 49 pence; · Convertible loan […]

The share price of Royal Dutch Shell (LSE:RDSA) got shelled today on the London Exchange, falling 1.52% (-26.50) to 1,711.50 after publishing a less than glorious third quarter earnings report. In addition to report a loss in excess of $7.4 billion ($6.1 billion based on current cost of supplies), Shell’s cash flow from operating activities […]

what are the details? In an expansion of their ongoing global partnership, BP and China National Petroleum Corporation (CNPC) today entered into a framework agreement on strategic cooperation covering potential shale gas exploration and production in the Sichuan Basin and future fuel retailing ventures in China and other international partnerships. “The success of our Rumaila […]

Operational Update Goldplat plc, the AIM listed African gold producer, has announced a positive operations update for the three months ending 30 September 2015 for its two market leading gold recovery businesses in South Africa and Ghana, and its Kilimapesa Gold Project in Kenya, reporting a total gold production of 9,581 ounces, a return to […]