Tom Frew

BP (LSE:BP) (NYSE:BP) has opened a new facility in Houston to house the world’s largest supercomputer for commercial research. The Center for High-Performance Computing, located at BP’s US headquarters in Houston, will serve as a worldwide hub for processing and managing huge amounts of geophysical data from across BP’s portfolio and be a key tool […]

Wishbone Gold (LSE:WSBN), an exploration company focussed on precious metals, has issued an extensive set of results for its on-going exploration programme on the 100% owned 6,300 hectare Wishbone II tenement in Queensland, Australia, which has identified new gold and polymetallic mineralisation within the licence area. Highlights. Hanging Valley Prospect Area: – Latest results...

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for August 2013. The sum total in August of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of negative $2.9 billion. Of this, net foreign private outflows were negative $15.1 billion, […]

Europa Oil & Gas (LSE:EOG), the AIM listed oil and gas exploration and development company with a combination of producing and exploration assets in Europe, has reported the completion of a 1,500 sq km 3-D seismic acquisition programme on Frontier Exploration Licences (‘FELs’) 2/13 and 3/13 in the South Porcupine Basin, offshore Ireland. Kosmos Energy […]

Oh, Savannah. Savannah Resources (LSE:SAV), an AIM listed exploration company, has announced that it has raised £496,313 (before expenses) through the placing of 18,047,748 new ordinary shares at a placing price of 2.75p per ordinary share. N+1 Singer acted as broker to the Placing, which was oversubscribed and featured both new and existing investors. Overview: […]

NYSE Euronext has announced that it has began listing Gold Bullion Securities (GBS), the world’s first physically-backed gold ETP on its Brussels market. GBS is a product of ETF Securities, one of the world’s leading, independent providers of Exchange Traded Products (ETPs). In addition, ETF Securities also passported to the Belgian market a full range […]

Plexus Holdings (LSE:POS), an AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP method of wellhead engineering, had released preliminary results for the year ending 30 June 2013. Results: · Record revenue, EBITDA, profit before tax and profit after tax · 29.7% increase in revenue to £25.57m (2012: £19.71m) · […]

Ariana Resources (LSE:AAU) , has provided a further update on its recent exploration programme across the Red Rabbit Joint Venture project area in Western Turkey, following on from initial results announced on the 23 September 2013. Highlights: -Ten new drill-ready targets defined on well-mineralised veins (rock-chip values typically exceeding 5 g/t Au) at the Kiziltepe […]

Magnolia Petroleum (LSE:MAGP),an AIM quoted US onshore focused oil and gas exploration and production company, has announced it has secured a US$5 million three year Credit Facility). Combined with the Company’s fast growing revenues from production, which as at 1 August 2013 stood at 214 boepd, the Credit Facility will provide funding for future drilling […]

Noricum Gold (LSE:NMG), an Austrian focused gold exploration and development company, has announced further significant gold and silver mineralisation from its 2013 underground drill programme at the previously producing mine target located within the Company’s 100% owned Rotgulden Gold and Precious Metals Project. Highlights: · Further high grade gold and silver results returned from on-going...