Kenneth G. Mondero

ASX- and AIM-listed Wolf Minerals Limited (LSE:WLFE) has secured additional funding needed to start the Hemerdon Tungsten Project in southwest England, the specialty metal exploration and development company said today. The company’s majority shareholder, Resource Capital Fund V LP, agreed to provide a funding package of US$82 million (£51 million) secured against the said project. […]

Heavy trading of stocks of Orogen Gold plc (LSE:ORE), were seen earlier today after the gold explorer hinted a possibility of new gold veins not previously identified, adding to the prospectivity of its Deli Jovan gold project in Serbia, Eastern Europe. Over 155 million shares swapped ownership by 14:30 GMT, following Orogen Gold’s statement that […]

An unsuccessful well in the French Guiana drilled three oil players down on the London Stock Exchange today as the operator announced no commercial hydrocarbon was encountered following months of drilling. At 10:45 AM GMT, shares of major oil player, Tullow Oil plc (LSE:TLW), and those of Wessex Exploration plc (LSE:WSX) and Northern Petroleum plc […]

West Africa-focused Stellar Diamonds plc (LSE:STEL), has accomplished its target of expanding its resource from its Tongo project in Sierra Leone to at least a million carats, following the conclusion of expansion drilling, the company said Wednesday. In a statement, Stellar announced a 63% in a JORC-compliant inferred resource from Dyke-1 of its Tongo licence […]

US-focused shale oil development and production company, Nighthawk Energy (LSE:HAWK), revealed earlier today that the well drilled on the northernmost part of its wide acreage in Colorado encountered not only shale oil but conventional oil, a month after it has been drilled to its target depth. The Steamboat Hansen 8-10 well, the fourth of the […]

Gold explorer, Nyota Minerals Limited (LSE:NYO), has unearthed further potential for its proposed open pit mine in its flagship project in Ethiopia ahead of the definitive feasibility study (DFS) soon to be released within this month. In a statement, the ASX- and AIM-quoted exploration and development company said further high-grade mineralisation was encountered below the […]

Independent oil and gas explorer, Sound Oil plc (LSE:SOU), has signed an agreement to sell gas it will soon produce from the Rapagnano field in Italy, sparking heavy trading of the AIM-quoted stock on the London Stock Exchange today. Sound Oil, which is now focusing its exploration efforts in Italy, has agreed to sell the […]

Russian gold producer, Highland Gold Mining Limited (LSE:HGM) has more than enough resources to last for several more years and extend the operations of its flagship mine in the far east region of the Russian Federation. That would seem to be the likely conclusion following the end of the two-year drilling exploration programme around the […]

An unnamed investor wanting to acquire a majority interest in an iron ore project northwest of Greenland blasted the trading of Red Rock Resources plc (LSE:RRR) shares, sending the stock on top of the London Stock Exchange’s percentage gainers shortly after midday, London time. The slow and quiet buy and sell of stakes in the […]

After five days of suspending trading, Leyshon Resources Limited (LSE:LRL) did not avert investors’ disappointment when it commenced today, following the release of the drilling results from the company’s first well dug within one of the world’s largest gas basins located in Central China. Over eight million shares were traded at 9:30 AM GMT on […]