By Amy McLellan AIM micro-cap Northcote Energy has raised £2.8 million through a placing to new and existing investors, with the funds earmarked for its fledgling Mexican business. The placing shares, priced at a discount of 18.2 per cent to the prevailing market price, represent 20.77 per cent of the company’s issued share capital. Northcote…
The Greek Government has avoided default for the time being after making a €200 million (£148.8 million) interest payment to the International Monetary Fund. However, a further €750 million (£550 million) is scheduled to be paid on the 12th May and it remains to be seen if this obligation will be met. Talks between Greece…
By Stewart Dalby Solo Oil has exchanged its shareholding in Pan Minerals oil & Gas AG for a direct holding of 15.9 per cent in Burj Petroleum Africa, a private UK company created with the purpose of involving itself in marginal field opportunities in Nigeria. Burj Africa and its partners, Global Oil & Gas and…
By Amy McLellan Shares in AIM-quoted Chariot Oil & Gas were up more than six per cent on Tuesday as the company revealed it was serious about preserving cash. The Atlantic-focused explorer, which is no stranger to the highs and lows of the oil and gas roller-coaster, has announced that it will cut the remuneration…
Capital exodus from the UK – Investors have withdrawn an unprecedented $365 billion from the UK over the past 15 months. There are widespread concerns that the domestic political climate will turn sour in the aftermath of the General Election. During the month of March, outflows accelerated to $24 billion. The financial markets clearly anticipate…
by Frederik Vanhaverbeke In the latest of a series for Master Investor Magazine, Frederik Vanhaverbeke, author of Excess Returns: A comparative study of the methods of the world’s greatest investors, looks at how some of the world’s greatest investors are so successful. The extravagance of any corporate office is directly proportional to management’s reluctance to…
By Stewart Dalby LGO Energy, which used to be called Leni Gas & Oil, intends to contiinue along the path it set out on in 2014 by drilling, in the new 2015 campaign, more wells into the deeper zones on its acreage in Trinidad. It has recently announced that well GY-672 spudded on April 15…
New mortgage approvals dropped slightly to 61,341 during March, according to the latest figures from the Council of Mortgage Lenders. This disappointed analysts who had forecast a rise to 62,500. Net mortgage lending was flat at £1.8 billion and consumer credit grew to £1.2 billion as effective interest rates dropped. The CML’s Chief Economist Bob…
by Frederik Vanhaverbeke In the latest of a series for Master Investor Magazine, Frederik Vanhaverbeke, author of Excess Returns: A comparative study of the methods of the world’s greatest investors, looks at how some of the world’s greatest investors are so successful. The biggest mistakes I’ve made over the years have nearly always been in…
By Eithne Treanor The positive trend in the oil price continued this week with crude oil closing out its best monthly performance this year. The oil companies are comparing results and American production is slowing down. In early trading on Friday, Brent crude was priced close to US$67 with WTI not far from US$60 a…
