Kenneth G. Mondero

A broken diamond during drilling is often regarded as not a good news, all the worse if there were two. But in the case of Stellar Diamonds plc (LSE:STEL), the company may be saying this is the kind of news they want to read about. Here’s why. Drilling for its bulk sampling programme at the […]

The Bank of England has named the banks and financial institutions that took part in a new lending scheme  UK’s central bank formulated to boost the cash-starved British economy.  Whilst they were named, it is up to these institutions how to allocate the funds. Five of the six biggest lenders in the British market, namely: […]

Oil and gas explorer Cairn Energy (LSE:CNE) authorised another sale of a portion of its interest in Cairn India Limited, in line with the company’s mandate of being an exploration and development company. As announced earlier today, the independent oil and gas inked a deal to complete an on-market sale of 8% of its shareholdings […]

Independent oil and gas producer Bayfield Energy Holdings plc (LSE:BEH) renegotiated its crude oil sales contract with state-run oil company, Petrotrin, in Trinidad and the selling price to be used will now be based on Brent Crude, dropping the existing West Texas Intermediate (WTI) crude marker. The contract, signed in 2009 in relation to Bayfield’s […]

New Zealand – focussed oil and gas explorer Kea Petroleum plc (LSE:KEA) said its first exploration well in the country this year is a commercial discovery, more than a month after oil and gas was discovered. In a statement today, Kea confirmed there was “no confining boundaries” observed during initial build up and the maximum […]

A day after Lonmin workers went back to resume working the mines at Rustenburg, miners at one of the mines of the world’s third largest gold producer failed to report last night and instead held a strike, confirming fears the labour unrest in South Africa is spreading across the mining industry. “An unprotected strike at […]

Nighthawk Energy (LSE:HAWK) has successfully dug a well that promises more than the threshold for commercial production of oil. In a statement released earlier today, the US-focussed shale oil and gas explorer and producer said the John Craig 6-2 well, the first of the new four-well programme, has produced over 600 barrels of oil in […]

Shareholders holding on to Xcite Energy (LSE:XEL) stocks continued to wonder why the share price kept on dropping after the company’s pre-production test at its Bentley Field concluded with results that it said “exceeded expectations”. Over 20 million shares were traded by 12:40 PM GMT that plunged the share price of the UK North Sea […]

AIM-quoted exploration and production company, Europa Oil & Gas Holdings plc (LSE:EOG) may have found two potential hydrocarbon fields in the Irish Atlantic Margin and is now looking for potential partners to explore the said area, the firm said today. The company issued the statements following a technical update on its 100% owned, 2,000-square kilometre […]

Platinum producer Lonmin plc (LSE:LMI) confirmed it has reached an agreement with the representatives of the disgruntled miners at its Marikana mine in Rustenburg, putting an end to the six-week strike that claimed 45 lives and cost multi-million pound losses for the world’s third largest supplier of the precious metal. “Following an all-inclusive negotiation process […]