By Alastair Ford Times change, and so do entrepreneurs. Matt Wood and Brian McMaster have made a pretty penny for themselves and their investors over the years through the creation and onward sale of such stellar companies as Highfield Resources, Hunnu Coal and Avanco. “Anybody who put money in when we did and…
BP’s first quarter results come from a rather battered company that looks (in my imagination) a bit like one of those destroyers returning to port at early dawn, having encountered Captain Lansdorff’s pocket battleship the “Admiral Graff Spee”, at the mouth of the River Plate all those years ago. Its superstructure is in a sorry…
After a couple of difficult years, 2014 was an important transition year for Green Dragon Gas. The London-listed group used the year to finalise the legal, operational and financial foundations for its coal bed methane business in China, including key partnerships with powerful state-owned partners, which means 2015 will be all about building production and…
After a turbulent few months battling dissident shareholders and managing boardroom fall-out, this week saw Petroceltic International return its focus to operational matters. The AIM-quoted E&P, which discovered, appraised and readied for development the giant Ain Tsila gas-condensate field in Algeria, has announced that another key contract award has been made to keep this flagship…
Some good news for Tullow Oil on Monday when the Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) in Hamburg rejected Côte d’Ivoire’s request that Ghana suspend all oil exploration and exploitation in the disputed zone between the two West African countries. The dispute had weighed on Tullow’s high impact…
The Confederation of British Industry said that manufacturing output expanded at the slowest rate in over 2 years during the first 3 months of 2015, with the deceleration particularly notable among exporting firms, which suggests a loss of confidence in global prospects in the last few months. However, the average firm was still increasing production…
By Eithne Treanor The week got off to a positive start with early momentum coming from the drop in the number of oil rigs deployed. Geopolitical uncertainty and currency fluctuations also impacted the market and sustained the upward trend. In early trading on Friday, Brent oil was priced close to US$65, with WTI above US$58…
I caught up with Andrew Monk of VSA Capital this morning. VSA are brokers to Madagascar Oil (MOIL) and Andrew is, to put it mildly, bullish. I started by pointing out that Madagascar is hardly the safest territory politically speaking. However, he countered that the World Bank is in there and the new president of…
By Amy McLellan Zoltav Resources has travelled a long way in the two years since it made its first oil and gas acquisition, when it paid US$26 million for the Koltogor licence in Western Siberia. Since that deal in May 2013 there has been a further material acquisition, this time of the Bortovoy Licence in…
By Martin Clark Any upstream find, whatever the prevailing economic climate or oil price, is welcome news in the ears of investors.And TSX-listed Pacific Rubiales Energy Corporation certainly did not disappoint this week. The Canadian company announced that it had identified a 213 metre gross oil column that confirms an important new light oil discovery…
