By Amy McLellan Frontier Resources International has posted its results that show the company urgently needs to tap new sources of funding to progress its portfolio of frontier exploration projects. The AIM-quoted company, which has assets in Oman, Namibia and Zambia, reported a post-tax loss of £1.225 million, narrower than in 2013, and ended 2014…
By Stewart Dalby Solo Oil has been in the headlines recently because of its news that it is a partner in a really major oil discovery onshore southern England. But Solo is also involved in another important, if not so dramatic project. It is possible that Aminex and Solo Oil have reached the point where…
By Amy McLellan It’s one of those deals that will have surprised few in the industry with Royal Dutch Shell ending years, if not decades, of speculation by agreeing a recommended cash-and-equity deal for BG Group. The offer values the London-listed exploration and production group at £47 billion, a 50 per cent premium on the…
By Eithne Treanor… The oil price was holding steady this week as news of mergers, oil finds and a possible peace deal dominated the headlines. Crude inventories continue to be high and in early trading on Friday. Brent crude was priced above US$56 with WTI holding above US$50 a barrel. The big news of the…
The Markets Surprise, surprise! The Bank of England’s Monetary Policy Committee has voted to keep interest rates at 0.5% for another month, a decision that the British Chamber of Commerce’s Chief Economist David Kern described as correct, “particularly at a time when inflation is down to zero and likely to fall into negative territory in…
By Amy McLellan Shares in AIM-quoted UK Oil & Gas Investments gushed more than 83 per cent higher on Thursday morning before settling down 25 per cent higher at 0.73p after it was revealed that its Horse Hill discovery in the Weald Basin of southern England was much bigger than expected. Nutech, a leading petrophysical…
By Amy McLellan Shares in Petro Matad surged more than 65 per cent on Tuesday after the AIM-quoted explorer surprised the market with news it had struck a farm-out deal with BG Group. Newsflow has been scarce from the frontier explorer in recent years after new management took the company “back to basics” in a…
By Martin Clark Like many others, Canadian indie Candax Energy is keeping a close eye on costs these days as its plots its next step forward in the current challenging operating environment. That includes looking at “strategic and financial alternatives” including the possible sale of the company, a refinancing, or joint ventures.The Toronto-listed group has…
By Emma Cox Despite dismal nickel prices as of late, there’s no stopping nickel exploration and development companies on all sides of the globe from pushing forward with their projects. Australian company Poseidon Nickel has announced that it has upgraded its indicated resources at its Lake Johnston project in Western Australia by 50 percent as…
By Amy McLellan As its results make clear, Azonto Petroleum is focused on one goal in 2015 and that’s seeing its Gazelle project in Cote d’Ivoire through to FID. The company, which is listed on ASX and AIM, has cut headcount, slashed G&A and pared down its portfolio to ensure it has the funding to…
