Kenneth G. Mondero

Independent oil and gas explorer Gulf Keystone Petroleum Limited (LSE:GKP) said today, another well drilled from the Sheikh Adi block in the Kurdistan region in Iraq further strengthened its initial assessment of the hydrocarbon deposit previously estimated in the said acreage. In a statement, Gulf Keystone said the Sheikh Adi-2 well, the second well drilled […]

To lose five percent of a listed company’s market value may be considered small by some, but when it’s lost not by a penny stock but a FTSE 100 firm, you are sure the monetary equivalent is big enough for shareholders to scream their heads after realising how much they have lost at a trading […]

Europa Oil & Gas (LSE:EOG) is set to become the second firm to potentially establish an oil and gas industry in Ireland should its initial analysis of the hydrocarbon potential beneath the Atlantic side of the Irish waters proved correct. In a statement today, the AIM-listed oil and gas explorer and producer said about 66 […]

Shares of Caza Oil & Gas, Inc. (LSE:CAZA) are enjoying their 64-week high today as its first operated well in the highly prospective Bone Spring formation south east of New Mexico, United States hit pay and further de-risked the acreage, which is now the focus of the firm’s exploration programme for the year. By 11:00 […]

Independent oil and gas producer Faroe Petroleum plc (LSE:FPM) is giving up one acreage north of the UK in the West of Shetlands citing the licence no longer fits the company’s criteria of providing an attractive return for its shareholders. In a statement today, Faroe said it is to cease operations on a block 31 […]

As with the two other biggest banks in the UK, The Royal Bank of Scotland (LSE:RBS) has also set aside an enormous amount of money to cover for the infamous mis-sold payment protection insurance that has weighed heavy on the banks bottom lines since it was uncovered. RBS said today it has added some £400 […]

What good will it do when you have so much resource but unable to extract them? That must be one of the questions in minds of investors on the London Stock Exchange today as holders of Avocet Mining plc (LSE:AVM) shares dumped their stakes upon knowing that the company’s sole gold mine in West Africa […]

Lloyds Banking Group’s (LSE:LLOY) Chief Executive Officer, Antonio Horta – Osorio must have been inspired by the Halloween when he made his review for the bank’s July to September financial health and the nine months since January when he, unfortunately, disclosed “legacy issues” continue to affect the bank’s profit-making business. A further one billion pounds […]

The case of London-based global natural gas producer, BG Group plc (LSE:BG.), is a classic example of how one firm tries to break the bad news ever so gently, almost concealing if only there was a way, but is ultimately faced with the reality that the truth will have to come out sooner or later. […]

It’s as if regulatory authorities in the United States cannot get enough of the British financial giant, Barclays plc (LSE:BARC), that after having fined the bank as much as £290 million for fixing the London Inter-Bank Offer Rates (LIBOR) and went to investigate major banks all over the world for the same, two new investigations […]