Oil and Gas

Shares of Central Rand Gold (LSE:CRND) bounced back since the opening of trading this week, following the consent order issued on Monday, December 12th, by the High Court in South Africa, setting aside the decision to cancel the mining rights of Central Rand Gold’s wholly-owned subsidiary, Ferreira Estate and Investment Company (FEIC). CRND shares closed […]

Urals Energy (LSE:UEN) announced on Thursday that they have reached a pay-back deal for loans made to Taas-Yurikah in 2009.  Shares in the company rose 46.1% by late afternoon, trading at 9.5p. Background on the Deal The loans were issued by Urals Energy in 2009 as part of an acquisition agreement with Taas. They used […]

Magnolia Petroleum Plc (LSE:MAGP) released an update on its operations in North Dakota on Wednesday prompting a share price increase of 9.1% by mid-morning trading to 0.6 p. Update on Operations According to the company report, two wells have been successfully drilled in Dunn County, North Dakota at the Skunk Creek Wells. Magnolia owns a 0.59% […]

Bowleven Plc (LSE:BLVN), an AIM traded oil & gas exploration company with operational focuses in West Africa, announced on Thursday further discoveries at its Sapele-3 exploration well off the coast of Cameroon. The company’s shares were down 1.4% at 11:47 am GMT to 73p. In the statement released, the company announced that the well drilling […]

Independent Resources Plc (LSE:IRG) shares dropped 8.4% by 2:15pm GMT on Wednesday following the release of their results for the fiscal year ending 30 September 2011. The news release contained highlights from the year, a short statement by the company chairman, and a series of consolidated financial statements. In the announcement, the chairman admitted that […]

Aminex Plc (LSE:AEX) shares closed up 4.2% on Wednesday following the release of their Interim Management Statement. The AIM listed oil and gas company released this announcement pertaining to the period dating from 1 July until today. Among the highlights stated by the firm, their cash position as of 31 October was approximately £18 million, […]

Gulf Keystone Petroleum (LSE:GKP) shares were up 15% by mid-morning on Friday following news that Exxon Mobil has signed contracts with Kurdistan to explore the region for oil in northern Iraq. GKP investors took to the bulletin boards on ADVFN with speculation over a possible Exxon takeover of the independent oil & gas company. Exxon […]

The board of TXO (LSE:TXO) announced on Friday that it has issued Convertible Loan Notes totalling £961,200 to high net worth individuals, directors, advisors, and institutional investors to settle outstanding fees. The notes are due for repayment by 30 April 2013 or may be converted wholly or partially into TXO ordinary shares at 0.75p per […]

Sacoil Holdings (LSE:SAC) released a trading statement update on Thursday regarding an increase in its expected earnings for the six month period ending 31 August 2011. Shares for the South-African oil company were up 22% in the late morning following the announcement. The company stated: “The Group has reached reasonable certainty that its headline earnings […]

Sound Oil Plc (LSE:SOU) was down for the fourth session in a row on Friday morning despite a positive operations update released 31 October, 2011.  Before this recent downward trend, the company traded at 3.475p, which has steadily fallen to 2.65p heading into the weekend. Operations Update The operations update posted by the company stated: […]