By Martin Clark Lots of things are going on at Canadian-listed Africa Energy Corporation, which holds an equity interest in two frontier exploration blocks in Puntland, Somalia. The company – which has just changed its name from Horn Petroleum, but still remains a part of the Lundin family of companies – announced this week that…
By Amy McLellan AIM-listed Empyrean Energy, which in February terminated plans to put itself up for sale, has reported a surge in production from its Sugarloaf AMI Project in the prolific Eagle Ford Shale, Texas. Even as the oil price was sinking over the last three months of 2014, operator Marathon Oil was continuing to…
By Axel Blackrod Hong Kong is not exactly known for mines, or theatre for that matter, but the four-day Mines and Money conference on Hong Kong Harbour was the setting for a surprisingly theatrical show, in what has been a four year bear market for the miners. Inevitably the keynote opening event was…
By Our Man in Oz Minews. Good morning Australia, apart from gold your market looks to have had an awfully flat week. Oz. That’s a fair reaction if you look only at the indices. Cast your eyes a bit further and there was quite a bit of interesting activity on the market and…
By Eithne Treanor Signs of increased turmoil in the Middle East had the oil market on edge by mid-week. As Saudi Arabia and its Gulf Arab allies launched air strikes on Yemen, the oil price got a boost of more than 5 per cent. In early trading on Friday, the threat receded according to energy…
By Amy McLellan Xcite Energy has released its full year results, and it’s another year without its Bentley oilfield in the North Sea moving into development. The AIM-quoted company has 2P oil reserves of 257 million barrels plus 48 million barrels of contingent resources at Bentley but last year’s slump in the oil price meant…
By Laurence Read of CSR21.org Robert Friedland, of Ivanhoe mines, is the man who makes Miley Cirus look like the awkward shy girl at the prom. A keynote speaker anywhere he goes Friedland’s focus at the Tuesday session of Mines & Money 2015 was how the PGM group of metals (to be produced from…
SINCE the turmoil of the Asian financial crisis in the late 1990s, South-East Asia has, with some glaring exceptions, enjoyed remarkable political stability. Its leaders have used that calm to promote greater integration of their club, the Association of South-East Asian Nations, or ASEAN. This was supposed to reach something of a climax at the…
By Amy McLellan Another six months and another set of record interims for Plexus Holdings, the specialist wellhead engineering group. The AIM-quoted engineering group has reported a seven per cent increase in revenues to £13.5 million for the last six months of 2014, a 14 per cent increase in EBITDA to £4 million and a…
By Martin Clark It has been the best part of a year since we last took a peak at Canadian-listed TransAtlantic Petroleum which, at that time, was seeing production numbers on the rise thanks to sustained drilling activity in Turkey, its core territory. This is still keeping the company busy but the benefits are there…
