Commodities

Cash Placing of £1.75 million Savannah Resources (AIM:SAV) has raised £1,747,473 (before expenses) through the placing of 98,295,329 ordinary shares of 1.0p each at a placing price of 1.777778p per ordinary share to Al Marjan Limited, an existing investor. HIGHLIGHTS: · Raised gross proceeds of £1,747,473 · Funds will predominantly be used to fund the […]

WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 3 “Since 2003, I have traded the financial markets with my own capital using self-developed, quant-based strategies. The more I have learned and observed as a full time trader, educator and participant in the trading industry, the more motivated I have become to correct the […]

Award of New Offshore Ireland Licensing Option Europa Oil & Gas, the AIM listed oil and gas exploration, development and production company focused on Europe, has been awarded a new Licensing Option in the southern Porcupine Basin, offshore Ireland, as part of phase 1 of the 2015 Atlantic Ireland round. This follows the announcement on […]

Q4 2015 Operations Update Magnolia Petroleum, the AIM quoted US focused oil and gas exploration and production company, has announced a quarterly update on its operations across proven and producing US onshore hydrocarbon formations, including the Bakken/Three Forks Sanish in North Dakota and Montana, and the Woodford, Mississippi Lime and the Hunton in Oklahoma. Q4 […]

Issue of Equity MX Oil, the AIM quoted oil and gas investing company, has announced that it has raised £175,000 via a placing of 14 million ordinary shares at a price of 1.25 pence per share. The Placing is in response to demand received from new and existing shareholders to participate on the same terms […]

Horizonte Minerals , (AIM:HZM) (TSX:HZM) the nickel development company focused in Brazil, has announced the award of four new concession areas adjacent to its Araguaia nickel project which is being developed as the next major nickel project in Brazil. · Two new southern concessions, totalling 15,674 hectares, are located in a prospective position adjacent to […]

In Salah Gas, a joint venture between Sonatrach, BP and Statoil today announced the start-up of its Southern Fields project. The project is the latest stage in the development of seven gas fields in central Algeria. The In Salah Gas joint venture commenced production in 2004 from three fields in the north of the area: […]

To extend licence and develop second phase of major Khazzan gas field BP and Oman Oil have signed a heads of agreement with the Government of the Sultanate of Oman committing to amend the Oman Block 61 exploration and production sharing agreement (EPSA), extending the licence area of the block and enabling a further development […]

Joint Venture with Randgold Resources for the Advancement of Kossanto West Gold Project in Western Mali Alecto Minerals plc, the Africa-focused gold and base metal exploration and development company, has announce dthat Caracal Gold Mali SARL, its wholly owned subsidiary, has entered into a joint venture agreement with Randgold Resources (Mali) Limited for the exploration […]

Robust Project Demonstrated by Mpokoto Feasibility Study Armadale, the AIM quoted investment company focused on natural resource projects in Africa, has announced the preliminary results of the Feasibility Study for Phase 1 of the Mpokoto Gold Project in the Katanga Province of the Democratic Republic of Congo. The Study is based on the intended initial […]