Kenneth G. Mondero

Oil exploration and development company Jupiter Energy (LSE:JPRL) disclosed they have commenced trial production on two of its wells in their sole asset in Kazakhstan, whilst preparing trial licences for the other two wells. Domestic Production J-50 and J-52 wells are expected to produce 600 barrels of oil per day (bopd), with the oil to […]

Upstream oil and gas explorer Afren plc (LSE:AFR) announced it has encountered “significant oil accumulation” in its Ain Sifni asset in the Kurdistan Autonomous Region of Iraq, sending shares up 10% in early morning trading to 148 pence per share. Basing the results from drilling, wireline logs, and sidewall core sampling, the Simrit-2 exploration well […]

In an announcement made Thursday night, Google told investors that it would be splitting its stock in a move meant to preserve the senior leaderships’ control of the company. The decision came as the web powerhouse surprised analysts with higher than expected first quarter earnings. Net income was $2.89 billion, up 60% from the first […]

Monitise (LSE:MONI) continued to expand its global influence in the field of mobile banking today with the announcement that its new joint venture inIndonesia is ready to begin operations. The Joint Venture The joint venture between Monitise Asia Pacific and Astra Graphia Information Technology has been dubbed PT AGIT Monitise Indonesia. The new company has completed the construction and...

Philippines-focused Copper Development Corporation (LSE:CDC) is seeking a trade sale or a joint venture of its Hinoba-an Project, south of the country, following the release of a Comprehensive Technical Report (CTR) that referred to the project as “financially attractive”. Background Story The Hinoba-an Project, located in the island of Negros 700 kilometres south of the […]

JJB Sports (LSE:JJB) announced on Thursday, 5th April that they had secured a £30 million “strategic investment package” from a number of the company’s shareholders and from the US-based sporting goods retailer Dick’s Sporting Goods. Shares of the UK-based sports retailer inched 6.2% higher from yesterday’s close to 17.25 pence a share in early trading […]

British Sky Broadcasting Group (LSE:BSY) announced Tuesday, 3rd April, Chairman James Murdoch stepped down from his post he held since 2007, barely a month after the Office of the Communication (Ofcom) disclosed its investigation on whether he and BSkyB are still “fit and proper” holder of television licence. Mr. Murdoch, who will remain as a […]

Surface coal mines operator ATH Resources (LSE:ATH) lost more than a fifth of its market value today, after the UK-based company disclosed it may be ending the current fiscal year with about £6 million in loss of revenues and costs. Trading on the Alternative Investment Market of the London Stock Exchange, ATH Resources closed at […]

UK’s oil giant BP (LSE:BP.) is one step closer to its US$38 billion divestiture programme as the company announced it is giving up its southern gas assets in the North Sea for US$400 million. Europe’s second largest oil company, BP has been selling off assets since 2010, to fund costs resulting from the most expensive […]

British consultancy firm Sweett Group (LSE:CSG) announced they had been awarded a contract by the Australian Department of Defence in the value of £80 million, which caused shares to climb more than 12% by mid-day trading in London. The Contract The new contract is an addition to Sweett Group’s portfolio in Australia, which includes the Defence […]