Tom Frew

Europa Oil & Gas (LSE:EOG) have announced a detailed placing and open offer to raise approximately £4 million. The funds will be used to drill an additional well onshore UK in 2014; to advance the Company’s Irish Atlantic Margin licences where it partners with Kosmos Energy; and to participate in the next Irish Licensing Round. […]

Northcote (LSE:NCT), an onshore US oil and gas exploration and production company, has commenced work on the Moursand A-2 well, in the Little Drum Unit in Osage County, Oklahoma in which Northcote has an 51.75% working interest and 75.1% net revenue interest. This project will complete the targeted four well fracture stimulation programme planned for […]

Africa Oilfield Logistics (LSE:AOL), an AIM listed African focused support services and logistics company, has raised £4.5 million (approximately $7.3m) by way of a placing of 60,000,000 new ordinary shares in the Company at a price of 7.5 pence per Placing Share with existing and new institutional investors. The funds raised will be used to […]

Ferrex (LSE:FRX), an AIM quoted iron ore and manganese development company focused in Africa, has said that it has raised approximately £700,000 before costs by way of a placing of 36,114,427 new ordinary shares in the company at a price of 1.95 pence per Placing Share with institutional investors. Additionally, for every two Placing Shares, […]

African Potash (LSE:AFPO), an AIM listed company focussed on sub-Saharan potash assets, has reportedly commenced an Environmental and Social Impact Assessment (ESIA) at its 702.5 sq km Lake Dinga Potash Project in the Republic of Congo. The ESIA has been commissioned by the company ahead of the commencement of a drilling programme in 2014. African […]

North American Petroleum (ISDX:NAPP), a company focussed on developing its interests in proven US onshore oil and gas formations, is pleased to announce it has acquired a 30% working interest in the Mathis Unit which covers 960 gross acres in Osage County, Oklahoma and is adjacent to two horizontal wells currently producing from the Mississippi […]

Africa Oilfield Logistics (LSE:AOL), an AIM listed African focused support services and logistics company, announces its results for the period ended 30 June 2013. CHAIRMAN’S STATEMENT (in full): Africa Oilfield was established in December 2012 as an investment company focussed on the logistics and support service industry in sub-Saharan Africa. This geographic focus was chosen […]

North River has announced to investors a completed by Snowden Mining Industry Consultants, at its Namib Lead Zinc Silver project in Namibia. Highlights: · 129% increase in overall resource to 1,527,000 tonnes · Significant increase in fresh ore resource to 917,000 tonnes, and upgrade in classification category · Maiden tailings resource identified of 610,000 tonnes […]

Armadale (LSE:ACP), an AIM quoted investment company focused on natural resources projects in Africa, has that it has agreed to acquire a loan note of US$250,000 in Netcom Global,a wholly owned subsidiary of Armadale, by the issue of 84,921,361 new ordinary shares of 0.01 pence each in the capital of the company to the holder […]

As the Troubled Asset Relief Program (TARP) continues to wind down, the U.S. Department of the Treasury has announced that it has sold all of the remaining shares of General Motors (NYSE:GM) (GM) common stock.  “The President’s leadership in responding to the financial crisis helped stabilize the auto industry, and prevent another Great Depression. With […]