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…
By Amy McLellan Shares in Aminex plc ticked higher on Tuesday as the London-listed company provided an update on its flagship Kiliwani North gas development in Tanzania. Last year the project was pencilled in for production start-up in early 2015 and it seems this has now slipped to “first half of 2015” as the company…
By Stewart Dalby TSX-Venture listed Cub Energy has recently reported on its fourth quarter 2014 output, the numbers for the twelve months of 2014 and the first 20 days of January 2015, from troubled Ukraine where it is entirely focused. In the report the company has said production was ahead for the final quarter 2014…
By Amy McLellan Rockhopper Exploration, which is due to present at Oilbarrel.com’s 70th conference on Wednesday, has announced the mobilisation of the Eirik Raude drilling unit from West Africa to the Southern Atlantic. Shares in the AIM-quoted company surged more than eight per cent in morning trading to 56 pence per share in anticipation of…
