Kenneth G. Mondero

Precious metals explorer Mariana Resources Limited (LSE:MARL) has concluded the diamond drilling programme for its Las Calandrias Project, in the southern province of Santa Cruz, Argentina is falling short in the total target length due to “extreme weather conditions”. Updating the public today, the South American-focussed exploration and development company said they were only able […]

India-focused gold miner Kolar Gold (LSE:KGLD) Limited said Wednesday their JORC-compliant gold resource more than trebled, following a completion of an 8,000-metre drill programme in the South Kolar licence area. In a statement released to the public and the financial authorities, the new resource estimate now stands at 195,000 ounces of gold at an average […]

Independent oil explorer and producer Nautical Petroleum plc (LSE:NPE) topped the London trading board early Wednesday, following an offer made by Cairn Energy plc to acquire the company for £414 million. Shares of Nautical Petroleum jumped by more than half its value on 12th June 2012 to £4.62 a share by 9:00 GMT, 12 pence […]

Newly listed oil and gas exploration company Fastnet Oil & Gas plc (LSE:FAST) has secured licencing options to explore nine blocks in the North and South Celtic Sea off of Ireland, which may hold more than two billion barrels of oil in aggregate, the company released in a statement. Ireland’s Department of Communications, Energy, and […]

Regional airline Flybe Group plc (LSE:FLYB) said the company’s resilience against the “challenging operating environment” enabled it to weather the storm only slightly scathed, as they finished the 2011-2012 fiscal year with a £6.2 million pre-tax loss. The UK’s leading domestic carrier, with 28% market share, cited a declining market coupled with high fuel costs and increased taxation...

Gold and copper explorer Triple Plate Junction plc (LSE:TPJ) disclosed Monday that their partner Newmont Ventures Limited decided to suspend drilling operations at the Morobe project in Papua New Guinea for six months, following a failure in discovering any significant deposit from its second exploration target. Gumots, one of the 15 prospective drill targets in […]

Range Resources Limited (LSE:RRL) has commenced preparations for the sale of its interest North Chapman Ranch Project in Texas, United States, following a reclassification that saw an increase in proven and probable reserves of the hydrocarbon acreage. The Australia-incorporated oil and gas exploration and production company hopes to dispose its 20%-25% interest in the North Chapman Ranch...

Argentina energy sector focused Andes Energia (LSE:AEN) plc announced today, it has secured 100% interests in four hydrocarbon licences in Argentina and one in Paraguay, boosting the companies 2P reserves and risked and unrisked prospective resources. Acquisition Details In a statement released to the public today, the power distributor and oil and gas explorer and […]

The Board of Directors of consultancy firm Logica plc (LSE:LOG), announced today, it intends to “unanimously” recommend to its shareholders the cash offer made by CGI Inc. to acquire the company for £1.7 billion, putting the company at the top of the trading board on the London Stock Exchange in early morning trading. Acquisition Offer […]

Oil and gas explorer and producer Ithaca Energy (LSE:IAE) announced Monday, the “successful” commencement of oil production from the Athena Field in the UK Continental Shelf, welcomed by its joint venture partners, Trap Oil Group (LSE:TRAP) and Lochard Energy Group (LSE:LHD). “The initial operations phase of the field is in line with management’s expectations and […]