Tom Frew

Worth $224m Huntington Ingalls Industries (NYSE:HII) was awarded a $224 million modification to an existing contract today for advanced planning of the refueling and complex overhaul (RCOH) of the aircraft carrier USS George Washington (CVN 73). The work will be performed at the company’s Newport News Shipbuilding division. The contract funds continued planning work for […]

Update on Strategic Review and Termination of Formal Sale Process Empyrean Energy Plc, the US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, announced on 10 July 2014, that it had launched a review of strategic options and the commencement of a formal sale process under the […]

Significant DSO Tonnage Increase Demonstrated in Resource Update at Nimba Iron Ore Project Sable Mining Africa Limited, the AIM listed exploration company, has announced a further JORC Code (2012) compliant Resource update at the Nimba Iron Ore Project in south-east Guinea. This follows the completion of 231 Reverse Circulation drill holes conducted as a resource […]

Underlying replacement cost profit $2.2 billion; significant impairment charges in the quarter – Taking action to meet challenging environment BP today reported its results for the fourth quarter and full-year 2014. Underlying replacement cost profit1 for the fourth quarter was $2.2 billion compared with $2.8 billion for the same period in 2013. Full year underlying […]

Exclusive Agreement with Rockpool Investments LLP for Total Non-Asset Finance Investment of £34 million into its SPVs for 200MW of Flexible Power Generation Sites Plutus PowerGen plc, the AIM listed power company focused on the development, construction and operation of flexible stand-by electricity generation in the UK, is pleased to announce that it has signed […]

Sale of Non-Core Assets Northcote (AIM:NCT), an onshore US oil and gas exploration and production company, has said that, in line with its strategy to dispose of certain non-core assets in its portfolio, it has agreed to sell its over-riding royalty interests on certain Oklahoma wells within the Company’s portfolio for a cash consideration of […]

Impressive Intersection of 103m @ 9.0 g/t Au and 2.2% Cu from Initial Drilling at the Hot Maden Prospect, Eastern Turkey Mariana Resources Ltd , the AIM listed exploration and development company with projects in South America and Turkey, has reported that its JV partner and operator Lidya Madencilik Sanayi ve Ticaret A.S., earning 70%) […]

POSITIVE PUBLIC HEARING OUTCOME FOR THE ARAGUAIA NICKEL PROJECT, BRAZIL Horizonte Minerals, (LSE:HZM) (TSX:HZM) the nickel development company focused in Brazil, has released fresh detial from the outcome from its Public Hearing held on the 30 January 2015 for its 100% owned Araguaia nickel project in Para State, north central Brazil. Highlights: · Public Hearing […]

Drilling Underway at High Priority Copper Targets, Oman Savannah Resources plc (AIM: SAV) has said that drilling has commenced in Oman, targeting the recently identified high priority ground Electro-Magnetic targets at Sarami West (Block 5 – Savannah 65%) and Ghayth (Block 4 – Savannah earning 65%). HIGHLIGHTS: · A 10 hole diamond drill programme has […]

Completes £3.4 million financing of first SPV for initial 20MW UK Flexible Power Generation Site Plutus PowerGen plc, the AIM listed power company focused on the development, construction and operation of flexible stand-by electricity generation in the UK, has closed the £3.4 million equity financing of its first Special Purpose Vehicle, Attune Energy 1 Limited, […]