By Alastair Ford “Construction at Altintepe, all being well, will complete by the end of this quarter”, says Stratex International’s Bob Foster. All eyes are on this, the company’s leading Turkish asset, because when it does finally come into production it will deliver Stratex its maiden operational cashflow, albeit that it will be delivered through…
By Amy McLellan Green Dragon Gas plans to deliver a 50 per cent uplift in gas production this year as it steps on the gas with an aggressive drilling campaign across its acreage in China. As we reported earlier this month, the Hong Kong-based company has hired AIM-quoted Greka Drilling, in which it has a…
By Alastair Ford “People are definitely interested”, says Dave Copeland of Rathdowney Resources. “Zinc is going to be in deficit. You look at the number of closures that are happening. And you look at who is developing large projects – nobody. The only significant project at all is Teck’s expansion of Red Dog in Alaska.”…
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…
