Tom Frew

On-Track to Commence First Gold Production in August 2015 at Pickstone-Peerless Gold Mine Vast, the AIM listed resource and development company, has announced that strong progress is being made in advancing the Pickstone-Peerless Gold Mine in Zimbabwe into production in August 2015. The mine is being commissioned, with an estimated annualised gold production of circa […]

Binding Licence and Share Subscription Agreements Signed with Major Chinese Oil Services Provider Yantai Jereh Oilfield Services Group Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, announces that it has finalised and entered into a licence agreement dated 1 July […]

Changes at the top. North River, the AIM quoted resource company focused on the Namib Lead-Zinc Mine in Namibia, has announced the following changes to the Board: James Beams has been appointed to the Board as an Executive Director with immediate effect. Mr Beams joined the Company in January 2015 and will assume the role […]

Uncertainty continues as Greece fails to meet IMF loan repayment European markets have remained steady following Greece’s failure to repay a loan to the International Monetary Fund (IMF). The London, Paris and Frankfurt exchanges saw modest rises at the start of morning trading following Tuesday’s 22:00BST passed without an agreement being reached between the Greek […]

Greek PM asks voters to reject bailout terms The future of the Greek economy faces continued uncertainty after Prime Minster Alex Tspiras threatened to resign if citizens did not vote to reject EU-IMF proposals bailout. “If the Greek people want to proceed with austerity plans in perpetuity, which will leave us unable to lift our […]

Update on PEDL143 Licence, Holmwood Prospect, Weald Basin, UK Europa Oil & Gas plc, the AIM quoted oil and gas company with a combination of producing and exploration assets in Europe, notes today’s announcement from UK Oil & Gas Investments PLC that it has executed a Farm-in agreement with Egdon Resources to acquire a 20% […]

RESULT OF AGM Ariana Resources, the Anglo-Turkish gold exploration and development company, has confirmed that all of the resolutions put to shareholders at the Company’s Annual General Meeting held today were duly passed. The Chairman, Michael de Villiers, made the following comments at today’s meeting: “Ariana Resources has been an AIM-listed company for 10 years. […]

Divestment of Interest in East Blackwell Northcote (AIM:NCT) has, in line with its strategy to dispose of certain non-core assets in its portfolio, it has sold its 100% working interest in the East Blackwell Skinner Sand Unit in Kay County, Oklahoma to a private party for US$75,000 in cash. East Blackwell has historically contributed approximately […]

Cash Placing of £0.55 Million Savannah Resources (LSE:SAV), advises that it has raised approximately £0.55 million cash (before expenses) through the placing of 21,900,000 new ordinary shares at a placing price of 2.5p per ordinary share with both new and existing investors. RFC Ambrian Limited acted as broker to the Placing. Savannah’s Chief Executive Officer, […]

Along with its co-venturers, BP is in the middle of a five year, £7 billion investment programme in the North Sea, including major projects in the central North Sea and Shetland area. BP and its co-venturers, ConocoPhillips, Chevron and Shell, have confirmed the safe installation of the new Clair Ridge platform’s quarters and utilities (QU) […]