Oracle Coalfields, Shahrukh Khan, Chief Executive Officer
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Master Investor
Mwana Africa Plc, Kalaa Mpinga, Chief Executive Officer
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W Resources, Michael Masterman, Chairman
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EMED Mining Plc, Alberto Lavandeira Adán, CEO
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Europa Oil & Gas dented by disappointing Kiln Lane-1 result
2 mins. to read
By Amy McLellan After a run of successful test results from its Wressle-1 oil find in the East Midlands Basin onshore UK, Monday brought a reality check for backers of AIM-quoted Europa Oil & Gas when the nearby Kiln Lane-1 well came back dry. This is the nature of exploration but it did dent the…
North Sea Oil Gold Rush
2 mins. to read
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…
Sound Oil lands Badile EIA
2 mins. to read
By Amy McLellan Sound Oil, with its shares trading near 52-week highs, continues to escape the malaise enveloping the sector. The AIM-quoted company has impressed over the last two years for its consistency in delivering on its plans despite operating in Italy, a country better known for red tape and delay. Sound, which has a…
Oil prices remain weak as OPEC and non OPEC countries continue to oversupply markets
4 mins. to read
By Eithne Treanor The low oil price environment seems to be settling in for longer than the market anticipated as OPEC and non-OPEC producers continue to deliver oil to an over supplied market. Strength in the dollar also impacted the price slide this week and in early trading on Friday, Brent crude was priced below…
Osborne answers call for urgent help for ailing North Sea with tax cuts worth £1.3 billion
2 mins. to read
By Amy McLellan Good news for beleaguered North Sea oil producers this week as the UK Chancellor George Osborne, in his last Budget before the General Election, answered the industry’s call for urgent tax cuts. The Chancellor heeded dire warnings that without action the mature North Sea would enter a death spiral, delivering a package…
Bowleven banks US$165 million as it completes its farm-out of its Etinde permit offshore Cameroon
2 mins. to read
By Amy MCLellan There is good news for followers of Bowleven plc this week as the Edinburgh-based company banked US$165 million as it completed its farm-out of its Etinde permit offshore Cameroon. The company, which with a market cap of around £108 looks undervalued, retains a material 20 per cent non-operated stake in the resource-rich…