Peter Gold

Genel Energy (LSE:GENL) said today that they will increase their interest in the Chia Surkh exploration block from 20 % to 80 %, thereby becoming the government’s sole contractor for the region. This initiative is largely seen as an essential strategy in the company’s attempts to strengthen its position in the region. Chia Surkh covers […]

Stocks of AIM-listed Gulf Keystone Petroleum (LSE:GKP) closed on a high after GKP affirmed the authority of Government of the Kurdistan Region of Iraq over the company’s interests in the region, sparking renewed talks that a giant oil company may be interested in joining the oil exploration in the area or offering to buy the […]

Algeria’s Council of Ministers has approved the sale of an 18.375% interest in the Isarene PSC to Enel Trade SpA (Enel). The deal is set to mean a US$103million contract for oil and gas exploration and production company Petroceltic International (LSE:PCI). Deal Details • Agreed to pay up to US$ 36.75 million to Petroceltic, which […]

Internet gaming company Zynga (NYSE:ZNGA) made its Initial Public Offering on Thursday, selling 100 million shares at $10 each and valuing the company at $9 billion. Shares will be open for public trading at 9:30 am in New York (2:30 pm GMT) on Friday. The $1 billion raised makes Zynga the biggest tech IPO since […]

Conroy Gold and Natural Resources Plc (LSE:CGNR) announced on Friday that it has received an updated resource and evaluation report indicating a significant increase in resources. The news prompted a rise in shares of around 20% in early trading, with the share price at 3.125 p at 10:45 GMT. Resource Evaluation Details The updated resource […]

Pursuit Dynamics Plc (LSE:PDX) announced on Thursday their preliminary results for the 2010-2011 fiscal year and the resignation of their CEO,Roel Pieper. The news prompted a drop in share price of 54% to 93.5 p just before 10:00 GMT. Contents The company announced on Thursday morning their preliminary results for the fiscal year ending 30 […]

Monitise Plc (LSE:MONI) announced on Wednesday that their revenue for the six months ending 31 December is expected to be £15 million, nearly three times higher than the £5.3 million generated during the same period last year.  The news drove shares up over 10% in early morning trading, putting the share price at 29.25 p […]

Afferro Mining (LSE:AFF) has announced that it is to sell its 38.5% stake of the Libereian Putu iron ore project to Russian mining giant Severstal. The AIM listed west-African firm announced that it had reached the agreement, worth at least £115m, so that it could focus on its Cameron iron ore project. In a statement […]

Synchronica Plc (LSE:SYNC) announced in a news release on Friday that it has received an expansion order for its services from a tier-1 mobile device manufacturer.  The news sent share prices up 13.5% to 5.25 p in mid-morning trading. Order Value According to the company, the order is valued at US$580,000 and it allows Synchronica to […]

Karelian Diamond Resources Plc (LSE:KDR) announced successful initial results from a sampling programme on its Riihivaara target on Friday, prompting a 13.3% rise in shares to 2.125 p by the mid-afternoon. Sampling Operation Overview Following a basal till sampling programme on the target, which is located in the Kuhmo area near the company’s diamondiferous Seitapera […]