By Amy McLellan Aberdeen’s Dana Petroleum has clocked up more success in the North Sea. The oil company, which was acquired by KNOC in 2010, has successfully appraised the Lille John oil discovery in Licence 12/06 in the Danish North Sea, with the vertical appraisal well flowing at a maximum rate of 1,400 barrels per…
The quality of Mwana Africa’s Freda Rebecca gold mine in Zimbabwe is such that on one site visit a few years ago one analyst wondered why on earth the company was bothering with its other major asset – a nickel business at all. That same analyst also took his clients out of Northland Resources well…
By Stewart Dalby Throughout the bruising few years when PetroNeft was battling against going under because of a pile of suffocating debt, seemingly unsatisfactory production growth and takeover threats, the management was working on a plan on how to go forward if the group should find some form of bail-out. Two thousand and fourteen marked…
By Amy McLellan Shares in Bahamas Petroleum Company surged almost 20 per cent higher on Monday morning after the explorer provided a positive update on its frontier exploration project in The Bahamas. Key was the news that the long-awaited Petroleum Act is making its progress through the Bahamian Parliament and is expected to become law…
By Stewart Dalby The latest announcement and operational update from Circle Oil has attracted a lot of coverage from analysts and brokers – I have five notes spread across my desk as I write including those from Peel Hunt, Westhouse, SP Angel and Investec. All of them have homed in on the conversion of the…
By Amy McLellan The oil price may be low and the Greek economy may be in turmoil but the country’s sole oil producer, Energean Oil & Gas, sees this as a time of opportunity rather than retrenchment. Indeed, the Athens-based E&P has bid for two blocks in the Western Greece Onshore Licensing Round, capitalising on…
By Our Man in Oz If asked to name the best performing mining stocks since the start of the year it’s a fair bet that not many investors would nominate Australian-listed Alkane Resources. But that would be an interesting oversight, given its 64 per cent price rise over the past 30 trading days. Several factors…
By Our Man in Oz Minews. Good morning Australia. Last week’s strong profit result from Rio Tinto seems have woken your mining market with a jolt on Friday. Oz. It certainly did, though the reaction to Rio Tinto’s generous treatment of shareholders was largely confined to it and fellow big boy, BHP Billiton. Without Rio…
By Eithne Treanor The positive trend in recent weeks continued with the price of Brent crude at its highest for the first time this year. While excess supply may be leaving the market, a weaker US dollar and signs of strength in the Eurozone were also helping to build optimism. In early trading on Friday,…
By Bianca Markram The trend Indaba attendees talked about over and over in Cape Town the past week is that raising funds, especially for exploration companies in early stage, is virtually impossible. But if a company were to try, the equity market is the last place to go to. And yet on the last day…
