Kenneth G. Mondero

Kea Petroleum plc (LSE:KEA) is now about to become a commercial oil and gas producer, according to the New Zealand-focussed explorer. The director made the statement following the results of the production testing made at the Puka-1 well in onshore New Zealand. Oil and gas flowed at a controlled rate of 290 barrels per day […]

JKX Oil & Gas plc (LSE:JKX) will not release an interim dividend for its shareholders, the company said today. The decision came alongside results for the January to June 2012 period, reflecting a drop in revenue and operating profit brought about by the fall on production in its Ukraine and Hungary assets and delays from […]

West Africa-focussed gold producer, Cluff Gold plc (LSE:CLF), expects to update its resource by the fourth quarter of 2012 once it completes its drilling programme at their Yaoure project in Côte d’Ivoire (Ivory Coast), the company said today. The statement was made by the firm’s Chief Executive, Peter Spivey, along with the update of the […]

UPDATED: Metals explorer Caledonia Mining Corporation (LSE:CMCL) disclosed an increase in gold production as well as gold recovery from its Blanket Mine in Zimbabwe, partially offsetting the decline in average realised gold price, during the second quarter of the 2012. In a statement, Caledonia said it sold 11,560 ounces of gold for the April to […]

Edge Resources Inc. (LSE:EDG) has just turned a zero-value asset into a new oil field. In a statement released today, Edge said it discovered a new pool to the east of its Primate project in Saskatchewan, Canada after drilling two wells that gave at least 12 metres of formation sands each, enough to merit 3D […]

Russia-focussed oil and gas producer PetroNeft Resources (LSE:PTR)  has commenced drilling the first of the ten-well development programme  at its Arbuzovskoye oil field and expects to put them into production by next month, September, the company announced today. The plan has been in place since it was approved last November 2011 and Petroneft has stated […]

Britain’s largest coal producer UK Coal plc (LSE:UKC) has reached an agreement in principle with its key economic stakeholders to restructure the business after the first half of the year showed a “disappointing performance”, the company said today. In a statement, Chairman Jonson Cox said “a restructuring of the business was necessary to secure a […]

US-focussed explorer Caza Oil & Gas Inc. (LSE:CAZA) said revenue for the second quarter increased, as production improved by new wells brought into operation, despite a drop in the price of oil. In a statement released today, Caza reported over US$1 million revenue, about a third more for the same period a year ago, total […]

Petroceltic International plc (LSE:PCI) said today, it is now ready to provide the Algerian Government all the necessary documents to support its bid for a 30-year exploitation permit for the Ain Tsila field in Algeria. In a statement, Petroceltic said the parties to the Isarene Production Sharing Contract, has agreed to a Formal Declaration of […]

Iron ore producer Bellzone Mining plc (LSE:BZM) has signed an offtake agreement with commodities giant Glencore International plc (LSE:GLEN) to supply all its iron ore produce in Guinea, the company said today. In a statement, the company said all of its 50% share in the Forecariah Joint Venture (FJV) project in the West African country […]