By Stewart Dalby This year could mark a turning point in the fortunes of the Kurdistan oil industry in general and Genel Energy in particular. The share price of the £1.65billion London-listed mid- cap group which often operates more like a major, was in the doldrums for the second half of last year and the…
Minews. Good morning Australia, it seems to have been another good week for your market with gold again leading the way. Oz. It wasn’t a bad week, but much of what happened down this way was a direct result of events in Europe, especially the after-shocks of the Swiss going deeper into negative interest rate…
By Amy McLellan KrisEnergy was established in 2009 by the former team behind Pearl Energy, the Asia-focused E&P that listed on the Singapore Stock Exchange with a market cap of US$240 million in 2005, was acquired by Aabar Petroleum for US$500 million one year later before being bought by Abu Dhabi’s Mubadala Petroleum for US$833…
By Eithne Treanor The over-supply on the oil market just got worse this week when the Energy Information Administration said that American supplies were at a higher level than seen in the past 80 years. In early trading on Friday, Brent crude was priced below US$49 with WTI close to US$47 a barrel. The oil…
By Amy McLellan A positive start to the year for fuel cell company AFC Energy, which has successfully trialled its first 51 cell stack cartridge in Germany. It took just four hours for the stack to reach fuel cell operating temperature from ambient, against a target of less than 12 hours, a key indicator of…
By Amy McLellan AIM-quoted Faroe Petroleum has extended its already substantial portfolio in Norway, picking up five new exploration licences under the 2014 APA awards. Importantly, this includes three new licences that are not only near the company’s Pil & Bue discoveries, which were among Europe’s exploration highlights last year with a resource range of…
By Alastair Ford “We applaud the company for raising capital in the current difficult market environment”, wrote analysts at Canaccord, after Amara Mining announced it had completed on a £14.5 million fundraising. The raise was anticipated by Minesite in the article we wrote just a few short weeks ago – here – and fits right…
By Amy McLellan Shares in Mosman Oil & Gas surged more than 25 per cent on Monday after the AIM small cap announced it was doubling its proposed bid for ASX-quoted MEO Australia. The company, which has assets in New Zealand and Australia, proposes to pay MEO shareholders one Mosman share for every ten MEO…
By Alastair Ford All told, it was a nice set of numbers that Serabi Gold put out on the morning of 20th January. Yes, there was, in the end, a miss on the original production target of between 23,000 and 24,000 ounces of gold. But that wasn’t because the mining operations at the company’s Palito…
By Stewart Dalby For most of 2014 reporting on AIM listed Egdon Resources seemed dominated by the company’s entry as a significant player in the UK’s embryonic shale gas business. The idea that the UK might replicate the US’s shale “revolution”, which has meant import substitutionand security of supply for the US, has gripped the…
