Commodities

What are the detials? Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has announced that Plexus Products (Asia) Sdn Bhd, the Company’s joint venture with Integrated Petroleum Services Sdn Bhd, has secured a local PETRONAS licence to manufacture and supply […]

Mothae Acquisition – Update Paragon Diamonds Limited, the AIM quoted diamond development company, has announced that, further to the announcement of 5 May 2015, the Company has now entered into a legally binding share purchase agreement with Lucara Diamond Corporation with regards to the acquisition of the Mothae Kimberlite Resource. Mothae is located close to […]

Positive Drill Update, Shoats Creek Project, Louisiana Northcote (LSE:NCT) has announced that the Lutcher Moore #20 well targeting the Frio Formation at the Shoats Creek Project in Louisiana, successfully reached total depth of approximately 5,500 feet on 14 July 2015. Mud logs have indicated the presence of hydrocarbons in the targeted payzone, in line with […]

Some observers have already over-reported that the Iran “deal” will be driving the price of oil down as the first apparent reaction of oil prices was a 2% decline in brent crude to $56.67 per barrel this morning. As I have said repeatedly in this column, cause and effect are not necessarily closely related in […]

Faroe Petroleum (LSE:FPM) offers short term upside in the form of an exciting mix of exploration and appraisal wells offshore Norway and in the Barents Sea. The Boomerang well is currently being drilled, after which attention will move onto the Shell (LSE:RDSB) operated Portrush prospect and then back to another Pil discovery well called Blink. […]

Grade increase over grade control orientation panel at Komana East pit at Yanfolila Gold Project, Mali Hummingbird Resources plc (AIM:HUM), the West African gold exploration and development company, has announced a positive update from grade control orientation drilling at the Komana East pit, the first area to be targeted for mining at the Company’s 1.8 […]

Preparing to Spud Shimanek #2 well and Q2 2015 Operations Update Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, has announced that drilling operations at the Magnolia operated and 94% owned Shimanek #2 vertical well in Oklahoma are expected to commence by the end of July 2015. Additionally, […]

MAJOR UPGRADE TO SUGARLOAF AMI RESERVES AND RESOURCES Empyrean, the profitable US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, has announced a significant increase in its Reserves and Resources at its flagship Sugarloaf AMI assetin the liquids rich core of the Eagle Ford Shale in Texas, […]

“When I put on a trade, all I expect is that something will happen.” – Mark Douglas With a great interest, I’ve been watching the events in the Eurozone. I didn’t write about Greek debt crisis because I wanted to see how things turned out. Many economists and financial journalists have written interesting articles about […]

Contract to Develop a Specialized 5,000 psi CNG Tank for Mining Applications Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ:QTWW), a provider in natural gas storage systems, integration and vehicle system technologies, today announced it has received a contract to develop a specialized 5,000 psi CNG tank specifically configured for an integrated storage system for heavy […]