Master Investor

Taipan Resources spuds Badada-1 in Kenya’s Anza Basin
Taipan in Kenya

Taipan Resources spuds Badada-1 in Kenya’s Anza Basin

2 mins. to read

By Amy McLellan The highly anticipated Badada-1 wildcat in Block 2B in Kenya’s Anza Basin has spudded, a potential play-opener that will be closely watched by shareholders in Canada’s Taipan Resources and AIM-quoted Tower Resources.   Legal wrangles had threatened to delay the drill in November but, as predicted by the parties involved, an injunction was…

George Ogilvie Has Got Kirkland Lake Gold Generating Cash Again, But $120 Million Of Debt Remains Outstanding
George Ogilvie

George Ogilvie Has Got Kirkland Lake Gold Generating Cash Again, But $120 Million Of Debt Remains Outstanding

4 mins. to read

By Alastair Ford It’s been an interesting 12 months for George Ogilvie. George was appointed chief executive of Kirkland Lake Gold back in December 2013, just as the gold price was bottoming out at US$1,200 per ounce after a precipitous fall from US$1,800. That fall, following repeated delays to the planned expansion programme at the…

Sound Oil walks from Antrim deal as oil price continues to sink
Sound CEO James Parsons

Sound Oil walks from Antrim deal as oil price continues to sink

2 mins. to read

By Amy McLellan With the oil price still in free-fall, oil companies are weighing their options carefully as what looked a steal just six weeks ago at US$70 per barrel now looks far less compelling as the price sinks below US$50. As a result, deals are being pulled and projects iced as companies wait for…

Cub Energy is extremely unhappy with amendments to the Tax Code of Ukraine concerning gas royalties
Cub is focused on Ukraine

Cub Energy is extremely unhappy with amendments to the Tax Code of Ukraine concerning gas royalties

3 mins. to read

By Stewart Dalby When we last wrote about TSX-Venture listed Cub Energy in the middle of November last year we reported that Cub Chairman and CEO Mikhail Afendikov said the company intended to keep “truckin” on in Ukraine, where it is focused, despite concerns about continued operations in that troubled country. At that point the…

Kibaran Resources Presses Ahead At Merelani
Merelani

Kibaran Resources Presses Ahead At Merelani

2 mins. to read

By Alastair Ford The Merelani graphite project in Tanzania isn’t exactly new. It was discovered several decades ago on a site not far from the town of Arusha in the north of the country and within sight of Mount Kilimanjiro. But graphite markets have been fickle over the years, and although it was briefly mined,…

Central Asia Metals Beats Targets Yet Again
Copper cathode from Kounrad

Central Asia Metals Beats Targets Yet Again

1 mins. to read

Central Asia Metals has continued the strong run of results it initiated in 2012, reporting record annual copper production for the year to December 2014 of 11,136 tonnes. That represents a six per cent increase year-on-year and a significant percentage increase on the nameplate capacity of the company’s Kounrad operation in Kazakhstan, which was originally…

Tangiers Petroleum starts a new life by acquiring some highly prospective acreage in Alaska
Tangiers moves to Alaska

Tangiers Petroleum starts a new life by acquiring some highly prospective acreage in Alaska

4 mins. to read

By Stewart Dalby Is there corporate life after death? You might conclude, after the recent experience of ASX and AIM-listed Tangiers Petroleum, that there is. I exaggerate. Tangiers did not die, but following the news last August that the Tao-1 exploration well on the Tarfaya block offshore Morocco was a duster, the company was in…

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