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…
By Amy McLellan Twelve months on from its demerger from Leyshon Resources, and Chinese gas explorer Leyshon Energy is planning to return more than US$15 million in cash to shareholders and cancel its AIM listing. It follows a run of poor results from its Zijinshan project in China and the failure to bring in partners…
By Alastair Ford “We’re pushing forward”, says Orosur Mining’s Ignacio Salazar, in the wake of the company’s results for the second quarter, the three months to 30th November. “We said the first half was going to be more difficult, and we knew that the numbers were going to be tight.” Sure enough, Orosur turned in…
By Our Man in Oz Minews. Good morning Australia, you seem to have had quite a week with gold stocks leading the way once again. Oz. It was a good week for gold, but not for much else. Iron ore stocks lost much of their hard-won gains and copper stocks were hit hard by the…
By Stewart Dalby Pura Vida Energy is not one of those start-ups which adopts a model of finding some production to generate enough cash flow to keep the lights on, as they say. Nor has it decided, for the moment to acquire development opportunities to spread risk before it goes for the big one with…
By Amy McLellan E&P companies may be reeling from the rout in the oil price but biofuel producers are also feeling the pain as greener fuels struggle to compete with US$50 oil. Even before the price slump, however, some biofuel producers were on the ropes. AIM-quoted Maple Energy, for example, was last year hit hard…
By Eithne Treanor It was another week of doom and gloom on the oil market, but the International Energy Agency hinted that the market was in a rebalancing phase and OPEC called for stronger cooperation. The oil price got a slight and temporary reprieve late this week when prices climbed more than half a dollar.…
By Amy McLellan, The oil price is continuing to inflict pain across the sector, with even the biggest companies pulling projects, shedding jobs and cutting back on expenditure. FTSE100 company Tullow Oil on Thursday announced US$2.7 billion of pre-tax write-offs and impairments and slashed 2015 spending plans from US$1 billion at the start of 2014…
