LSE Market News

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 […]

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 […]

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 […]

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 (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 […]

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 […]

Optare Plc (LSE:OPE) issued press releases today announcing the increased equity investment in the company by Ashok Leyland as well as the winning of a major contract for 190 of its midi-buses. Whilst this should be received well for stockholders, shares dropped 56.36% on a volume of 10,336,595 shares. The Announcements New Contract The new […]

Algeria’s Council of Ministers has approved the sale of an 18.375% interest in the Isarene PSC to Enel Trade SpA (Enel). The deal is set to mean a US$103million contract for oil and gas exploration and production company Petroceltic International (LSE:PCI). Deal Details • Agreed to pay up to US$ 36.75 million to Petroceltic, which […]

Shares of Jacques Vert PLC (LSE:JQV) rose 66% to 20.75 pence at the close of trading following the announcement released earlier today of an agreement to sell 2,383,465 or 1.2% of Jacques Vert’s ordinary share capital to Minerva Bidco at 21 pence a share, a 68% premium based on the closing price of 12.5 pence […]

Monitise Plc (LSE:MONI) shares were up today 3.75p and 12.82% on trading of of over 9 million shares following two important announcements. Montise and FIS Agree To A 5-year Stategic Partnership The company announced today that it has entered into a 5-year strategic partnership with FIS (NYSE:FIS). With over 300 banking solutions placed in over 100 […]