Kenneth G. Mondero

How was it possible for one miner to produce more gold at a higher price and yet report a 90% dilution of profit? That must have been the question in every Petropavlovsk plc’s (LSE:POG) shareholder’s mind right now after reading the half year results released today. All 286,074 ounces of gold sold at a price […]

Red Emperor Resources NL (LSE:RMP) (ASX:RMP) requested to halt trading of its shares on the Alternative Investment Market today, prior to the release of the latest update of the exploration activities from its Shabeel North well in Puntland, Somalia. The move, nonetheless, did not shake rumours of an impending doom amongst investors but rather sparked […]

Genel Energy plc (LSE:GENL) continues to secure its position as the biggest oil and gas producer in the autonomous region of Kurdistan, in Iraq, and has recently signed a deal taking a further 26% interest in another oil field in the said region. In a statement announced today, the London-listed firm said it signed a […]

The long wait is over. Shanta Gold Limited (LSE:SHG) is finally on its way to produce between 13,000 and 17,500 ounces of gold from its New Luika Gold mine in Tanzania by the fourth quarter of 2012, the company said today. Shares of the Shanta Gold, trading on the Alternative Investment Market, gained 11.4% to […]

AIM-quoted Jubilant Energy N.V. (LSE:JUB) has concluded its’ Phase III drilling programme in India, after successfully testing the last of the seven wells at its only producing Kharsang field, the company said today. KHG-64, the seventh well, is now flowing at a rate of 226 barrels of oil per day (bopd) after reaching a depth […]

AIM-quoted companies, Irish oil and gas firm Petroceltic International plc (LSE:PCI) and Scotland-based Melrose Resources plc (LSE:MRS) agreed to a merger to create a “regionally focussed independent oil and gas company”, the two companies disclosed today. Merger talks, which caught some investors by surprise, had been in place since February 2012, following a confidentiality agreement […]

The move by Premier Oil plc (LSE:PMO) to determine the northern extent of its’ Chim Sao oil field in Vietnam proved to be unsuccessful when the Chim Sao North West appraisal well did not find oil at one of the target reservoirs. Drilling 4,235 metres, Premier plugged and abandoned the CS-3X well after only the […]

Base metals miner Talvivaara Mining Company plc (LSE:TALV) has released a revise guidance for its nickel production for the year to only about 17,000 tonnes of nickel, as the company continues to drain its mine of water brought about by excessive rainfall in spring. More than a month ago, the Finland-based firm already stated it […]

Tanzania’s largest gold producer, African Barrick Gold plc (LSE:ABG), confirmed today, press speculations regarding a possible takeover by state-controlled China National Gold Corporation (China Gold). In a statement, Barrick Gold Corporation, ABG’s parent company, said it is in preliminary discussions with China Gold regarding Barrick’s holdings in ABG. The story citing people privy to the...

Shares of Roxi Petroleum plc (LSE:RXP) jumped 11.7% in early morning trading after the Kazakhstan-focussed oil and gas firm said gross production from its Galaz field is anticipated to be at 500 barrels of oil per day (bopd). Roxi shares traded as high as 3.688 pence following the news before it went down to 3.25 […]