By Bianca Markram in Cape Town Since the African Mining Indaba started in 1995, the industry has lived through an unprecedented boom with a decade of unparalleled growth – and wealth. But two decades later, the industry is at a juncture where many companies’ management and their investors have had to make hard decisions to…
By Stewart Dalby Most small cap oil and gas companies whether quoted on London’s AIM or elsewhere , their share prices withered by the sharp fall in oil prices, have reacted in the same way –they plans up plans dramatically to cut costs. Empyrean Energy is in a different position to most and has reacted…
By Amy McLellan Shareholders in Taipan Resources may be keeping a close eye on Block 2B in Kenya, where the TSX Venture-quoted company has a material 30 per cent stake in a potential basin-opening wildcat, but this week also brought news of its Block 1 project. Unfortunately, this news was not so encouraging, with the…
By Mark Nunn of CSR21.org With the talks at Indaba today offering little for CSR aficionados, we drifted up the hill so somewhere more pleasant, to wander a while amongst the bougainvillea and look down on the chaos of the town. Behind the flowers and the Cape Dutch gables, though, sat something steely. A tightly…
By Stewart Dalby Magnolia Petroleum like Northcote Energy and North American Petroleum is a London listed (AIM) micro- cap which has taken, until very recently, usually small stakes in onshore US old fields like the Woodford and Mississippi Lime in Oklahoma and the Bakken in North Dakota. These fields were thought to have been either…
By Mark Nunn at CSR21.org The CSR21 team convened in Cape Town this weekend for that hoary old institution of the Mining Indaba – ‘Indaba’ being a Zulu or Xhosa word for ‘a gathering of the izinDuna, or principal men.’ We can attest on today’s experience that the gathering part is 100 per cent accurate,…
By Amy McClellan Three years after it was defined on 3D seismic, the Wressle prospect has yielded its first oil for its cluster of AIM-quoted backers. The Egdon Resources-operated well, which lies in a proven oil producing area of Lincolnshire to the east of Scunthorpe, was drilled last summer to target mean prospective resources of…
By Alastair Ford There’s a new man at the top at Scotgold. Richard Gray first came to Scotgold as a consultant more than a year ago. Back then, the gold price had collapsed, financing for junior mining companies had disappeared and Scotgold’s prospects of ever getting its Cononish gold project into production looked bleak. There…
By Amy McLellan Shares in Providence Resources edged higher on Monday as the AIM-quoted oil company confirmed it has reached an agreement with a potential farm-in partner to its flagship Barryroe project in the Celtic Sea. The deal is, however, conditional on the farminee raising the funds to close the deal, which is bound to…
It’s not a rival. But it does run concurrently. The 121 Mining Investment conference got underway this week to coincide with the opening of the annual jamboree that is Indaba. Already the analyst daily notes are replete with dry wit and sly remarks about excessive alcohol consumption, parties, beaches and cricket. But one thing they…
