LSE Market News

Somalia: First Exploration in 20 Years Commences

17 Jan 2012 @ 16:03
In separate statements issued today, Range Resources and Red Emperor Resources announced the commencement of drilling operations on the Dharoor Block in Puntland, Northern Somalia. The announcements are in conjunction with the earlier press release of the said block’s operator, Horn Petroleum Corporation, a quoted company on the Toronto Stock Exchange. It is the first exploration in 20 years...

Afren Finds More Oil Off Nigeria

17 Jan 2012 @ 15:14
Afren (LSE:AFR) released a statement announcing the discovery of oil off of South East Nigeria. According to the report, the drilling encountered 549 feet true vertical thickness (TVT) of net oil pay and 41 feet of net oil gas in “excellent reservoir sands” in the Okoro East exploration well. The well is located east of […]

Jubilee Platinum: Buy Says Midas

16 Jan 2012 @ 16:14
Jubilee Platinum (LSE:JLP), a platinum producer operating in South Africa, saw its shares soaring to a third of its’ previous close. JLP stocks are trading at 16.35p as of press time, up by 4.125p from last Friday’s close. An article about the potential of the company referred the share price of JLP as a “bargain” […]

Robert Wiseman Dairies to be Sold for £279.5M

16 Jan 2012 @ 15:16
Robert Wiseman Dairies (LSE:RWD), one of UK’s leading provider of fresh milk, announced today, it has accepted the takeover bid by Muller Dairy (UK) Limited for £279.5 million. Shares of RWD have surged 59% from its January 12th trading prior to any announcement relating to any purchase offer, currently trading at 388.75p as of lunch […]

Genel Increases Chia Surkh Stake to Take Over as Sole Contractor

16 Jan 2012 @ 13:43
Genel Energy (LSE:GENL) said today that they will increase their interest in the Chia Surkh exploration block from 20 % to 80 %, thereby becoming the government’s sole contractor for the region. This initiative is largely seen as an essential strategy in the company’s attempts to strengthen its position in the region. Chia Surkh covers […]

Falkland Oil & Gas to Raise £48 Million in New Shares

13 Jan 2012 @ 13:58
AIM-listed exploration company Falkland Oil & Gas (LSE:FOGL) has announced today it will issue new shares to raise £48 million in line with the company’s drilling programme in the Falkland Islands. FOGL will commence trading of 112,764,675 new shares of 0.002 pence on 18 January at 43 pence per share, upon securing admission requirements, making […]

Gulf Keystone and Exxon Mobil silent on Fresh Speculation

12 Jan 2012 @ 14:12
Despite widespread circulation of rumours of a takeover bid, Exxon Mobil and Gulf Keystone Petroleum (LSE:GKP) have yet to issue statements to shed light into the matter. The Shaikan block has been accredited in holding an average of over 10 billion oil barrels, where Gulf Keystone has the majority working interest of 75% of the […]

Gulf Keystone Petroleum Stocks Spike Over Renewed Rumours

10 Jan 2012 @ 15:11
Stocks of AIM-listed Gulf Keystone Petroleum (LSE:GKP) closed on a high after GKP affirmed the authority of Government of the Kurdistan Region of Iraq over the company’s interests in the region, sparking renewed talks that a giant oil company may be interested in joining the oil exploration in the area or offering to buy the […]

Rock Solid Images Wins $1.1M Project

05 Jan 2012 @ 16:29
Rock Solid Images (LSE:RSI) released a statement Wednesday morning announcing a successful bid for a $1.1 million project awarded by a South East Asia national oil company prompting shares of this AIM-listed company to rise 55.6% at the close of the day’s trading to 1.75P with a total volume of 3,069,004. [2] Overview According to […]

Good News Continues to Pour Out of Angel Mining

23 Dec 2011 @ 14:58
Angel Mining (LSE:ANGM) shares continued their upward trend today as the company released the news that the Nalunaq mine had poured another 13.77 kilograms (428 ounces) of gold doré on Monday, December 19th. Angel stocks were up 26.09% on a volume of 43,032,669 shares. Update on Operations The is the 8th pour of gold doré […]
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