Commodities

Positive Results of Extended Well Test on Wressle Discovery, Onshore UK Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with a combination of producing and exploration assets in Europe, is pleased to note today’s update from Egdon Resources on the on-going Extended Well Test at the Wressle-1 oil and gas […]

Halliburton’s share price (NYSE:HAL) is up more than 2.5% today, despite second quarter results that paled by comparison to both the previous quarter and year-on-year. The key factor was that HAL beat analysts’s expectations of 29 cents per share by 51%. Halliburton generated 44 cents. Company Chairman and CEO, Dave Lesar, pointed out that “Our […]

Yes, they are. Armco Metals Holdings, Inc.(NYSE MKT:AMCO), a distributor of imported metal ores and a steel recycler in China, today announced that its Armco Metals (Shanghai) Holding, Ltd. subsidiary is establishing an OTO (Online to Offline) platform for steel scrap business with business partners. The new operations will be conducted through, Shanghai Meng Yi […]

Update confirming significant progress under Memorandum of Understanding with Halliburton on Southern North Sea and UCG assets Cluff Natural Resources Plc, the AIM quoted natural resources investing company, has announced that under the terms of its memorandum of understanding with Halliburton Manufacturing and Services Limited, significant progress has been made in the context of accelerating...

Acquires a 50% interest in Advanced, High Grade Copper and Gold Licences in Georgia, with Excellent Production Potential The Board of Noricum Gold has announced the acquisition of a 50% interest, and operational control, of the 861 km2 Bolnisi Project. The Project which is located in the Republic of Georgia contains multiple, large copper & […]

Placing to Raise £400,000 to Expand Current 678,000oz Mpokoto Gold Resource Armadale, the AIM quoted investment company focused on natural resource projects in Africa,has announced a conditional placing of 10,000,000 new ordinary shares of 0.1 pence each in the capital of the Company at a price of 4.00p pence per share to raise gross proceeds […]

What are the detials? Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has announced that Plexus Products (Asia) Sdn Bhd, the Company’s joint venture with Integrated Petroleum Services Sdn Bhd, has secured a local PETRONAS licence to manufacture and supply […]

Mothae Acquisition – Update Paragon Diamonds Limited, the AIM quoted diamond development company, has announced that, further to the announcement of 5 May 2015, the Company has now entered into a legally binding share purchase agreement with Lucara Diamond Corporation with regards to the acquisition of the Mothae Kimberlite Resource. Mothae is located close to […]

Positive Drill Update, Shoats Creek Project, Louisiana Northcote (LSE:NCT) has announced that the Lutcher Moore #20 well targeting the Frio Formation at the Shoats Creek Project in Louisiana, successfully reached total depth of approximately 5,500 feet on 14 July 2015. Mud logs have indicated the presence of hydrocarbons in the targeted payzone, in line with […]

Some observers have already over-reported that the Iran “deal” will be driving the price of oil down as the first apparent reaction of oil prices was a 2% decline in brent crude to $56.67 per barrel this morning. As I have said repeatedly in this column, cause and effect are not necessarily closely related in […]