LSE Market News

AOLERG? Africa Oilfield Logistics (LSE:AOL), an AIM listed African focused support services and logistics company, announced that its 49% owned subsidiary, Ardan Risk & Support Services (‘Ardan’), has acquired a 20% interest in Energy Resources Group Africa Limited (‘ERG’), a specialist provider of professional onshore and offshore safety, survival and emergency response training...

BP (LSE:BP.) has Richard Herbert appointed as its new head of exploration. Mr Herbert will succeed Mike Daly who has chosen to retire from BP at the end of 2013 after a career of 28 years with the company, eight leading BP’s exploration function. Mr Herbert will rejoin BP from Talisman Energy where he has […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, This was the week that US politicians finally saw the error of their ways and pulled their country back from the brink of debt default, albeit by delaying the inevitable for just a few months meaning we’re likely to […]

I was browsing through the financial headlines this morning, when two in particular caught my eye, reminding me of the lengths to which are all inclined to go to find a reasonable explanation for things that have happened although we rarely understand the cause of the effect.  This happens because we tend to believe that […]

Nyota Minerals Limited (LSE:NYO), a gold exploration and development company in East Africa, has announced that it has concluded the strategic review, which commenced in May 2013, with the signing of two agreements with a new development partner (“Partner”) for the Tulu Kapi Gold Project in Ethiopia (“Tulu Kapi”). The two agreements are (i) a […]

The Minoan Group (LSE:MIN) have announced details of a new loan facility of up to £5 million to fund further expansion, full details below. Loan Facility: ·Provides funding to significantly accelerate the next phase of the successful buy-and-build strategy of the Travel and Leisure business (“T&L”) plus working capital. Crete: ·Crete Strategic Environment Assessment now […]

When I settle in to my office on a typical morning, Londoners have already had lunch and are ready for afternoon tea.  This sometimes works to my advantage, when I manage to catch the late-breaking stories.  At other times, I feel like I have been left with the scraps left over from my prolific colleagues, […]

Armadale (LSE:ACP), an AIM quoted investment company focused on natural resource projects in Africa, has reported that the Mine Restoration Investments Ltd, in which Armadale holds a 40% interest, has made progess during initial production at its coal briquetting plant. In a statement the Board of Directors said it was “pleased to announce further that […]

Plexus Holdings (LSE:POS), an AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has confirmed has been awarded a contract with BG International Egypt, a division of BG Group plc (‘BG Group’), a leading oil and gas operator in the global energy market, for the […]

Noricum Gold Limited (LSE:NMG), an Austrian focused gold exploration and development company, has today provided investors with an update on its 2013 work programme at the Company’s 100% owned Rotgülden Gold and Precious Metals Project, which is currently focused on the previously producing mine, one of four targets identified. Highlights: · High grades of up […]