Kenneth G. Mondero

Shares of Red Emperor Resources NL (LSE:RMP) and Range Resources Limited (LSE:RRL) sunk deep at the start of week’s trading in London today, after disclosing today there were no “traces of oil” at the Shabeel North well following an open hole drill stem test (DST) announced last Wednesday, 18th July. According to the statement last […]

After three extensions, Goals Soccer Centre (LSE:GOAL) announced today it has finally reached the agreed amount for a possible takeover of the company by a Canada-based pension plan company for £73.1 million. The offer was made nearly three months after the company confirmed press speculations that the company is in talks with the Ontario Teachers’ […]

Home emergencies and repairs provider, Homeserve plc (LSE:HSV), said the company’s financial position remains strong as it continues to grow its international business and make progress in “simplifying and refocusing” its UK operations. The statement was issued today – two days after the company cleared rumours of takeover talks, which pushed HomeServe share prices by […]

Halfords Group plc (LSE:HFD) Chief Executive Officer David Wild resigned from his post with immediate effect and also left the Board of the British leisure and car products retailer , the company said today. After spending nearly four years with Halfords, Mr. Wild exited from the company following the first quarter results revealing 5.6% drop […]

Central Asia-focused oil and gas exploration and production company Tethys Petroleum Limited (LSE:TPL) (TSX:TPL) now holds an estimated 27.5 billion barrels of oil equivalent (boe) from its Tajikistan, the company announced today. The latest estimate is a sharp increase in the previously estimated prospective resource of about 1.14 billion boe buried within the same basin […]

Coal gas developer Wildhorse Energy Limited (LSE:WHE) (ASX:WHE) has signed a Cooperation Agreement with the Government of Hungary to map the “legislative and regulatory framework” in connection with the development of underground coal gasification (UCG) project in the country, the company announced earlier today. The project is the first in Hungary and the Central and […]

AIM-quoted Leni Gas & Oil plc (LSE:LGO) announced today it has signed a sale and purchase agreement to divest its assets in Spain for €8 million to an unnamed private buyer. The transaction will be in cash and the buyer paid €200,000 non-refundable deposit to obtain exclusivity to complete the transaction by 27th July 2012. […]

Buy-out firm Melrose plc (LSE:MRO) has commenced dealing of newly issued shares today as part of the company’s plan to raise £1.2 billion to finance the proposed acquisition of Germany-based engineering company Elster Group SE. The more than 845 million new shares bear a fully underwritten rights issue, regarded by Melrose as the “most appropriate […]

Oil and gas engineering firm Lamprell plc (LSE:LAM) was awarded the contract worth US$120.9 million to build a modified jackup for Seajacks to be constructed at the company’s facility in UAE. Lamprell’s fourth rig to be built for Seajacks, Seajacks Hydra will have a payload capacity of 1400 tonnes, accommodate 100 personnel, and will be […]

Multi-function semiconductors provider CSR Group plc (LSE:CSR) announced today it has entered into a conditional binding agreement to transfer its handset connectivity and location development operations and technology to Samsung Electronics Co. Ltd. for a cash consideration of US$310 million. Samsung will also invest $34.4 million in CSR in exchange for 4.9% of the issued […]