By Our Man in Oz Minews. Good morning Australia, your market seems to have staged a solid recovery, recouping the modest slide which we discussed a week ago. Oz. It was a case of good news all round on the ASX though how long that lasts is the question because as I’ve warned on several…
By Amy McLellan SeaEnergy is one of those companies that has been through many reinventions. The Aberdeen-based company started life as Ramco, the exploration and production company brought low by debt and the troubled Seven Heads gas field in the Celtic Sea. As SeaEnergy it focused on renewable energy, specifically offshore wind. Come 2011 and…
By Stewart Dalby Infrastrata’s potential salt cavern gas storage project in Northern Ireland has seemed like a bit of a Cinderella in the portfolio after the group diversified into more exciting exploration projects following the collapse of another gas storage scheme in Dorset in southern England. The Islandmagee gas storage project in County Antrim, Northern…
By Eithne Treanor Geopolitical nervousness and supply uncertainty moved markets this week. The January jobs data from the US could signal hope for growth in demand as oil prices see a rebound from six-year lows. In early trading on Friday, Brent crude was just above US$58 with WTI following around US$52 a barrel. The state…
By Amy McLellan Hit hard by the TAO-1 duster offshore Morocco, Australia’s Tangiers Petroleum has re-invented itself, with new management and a new asset. The company, which is dual listed on the ASX and AIM, was the high bidder on a huge tract of acreage in Alaska, known as Project Icewine, where there’s an exciting…
By Alastair Ford It’s been a rocky ride for shareholders in Shanta Gold over the past few years. The shares at one stage in early 2012 peaked at around 40p, back when gold was still pushing towards US$1,800 an ounce. Now with gold much weaker, at US$1,260 or so, the shares have come back significantly,…
By Amy McLellan Anthony Robinson, the FT’s former Moscow correspondent and Oilbarrel.com’s go-to expert on Russian affairs, made a bold claim the last time he appeared at one of our events. Speaking last March shortly after Russia took control of Crimea, Robinson pledged to eat his hat if Putin made military moves into Eastern Ukraine.…
By Alastair Ford “We think the numbers are reasonable”, says John Park, well-known veteran of the junior mining scene and currently chairman of Kibaran Resources. He’s talking about Kibaran’s new plans for its flagship Epanko graphite project in Tanzania, which has already attracted the attention of major commodities traders. Off-take agreements are in the bag.…
Pity the poor shareholders in Petropavlovsk. They are being asked to participate in a rights issue that will cut their company’s debt from US$922 million to around US$700 million. Well and good, you might say, particularly if you were versed only in the comings and goings of the majors. But Petropavlovsk is no longer a…
Kefi Minerals, which took over an apparently moribund gold asset in Ethiopia after an equally moribund Nyota Minerals was unable to withstand the impact of the falling gold price back in 2012, has delivered yet another resource update for the project as part of an ongoing feasibility study. Back when Nyota parted with Tulu Kapi…
