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…
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…
