Commodities

Ruhr Oel GmbH as part of German refining venture restructuring Rosneft and BP have announced that they have signed a binding agreement to dissolve the existing refining JV Ruhr Oel GmbH (ROG) as they move toward completion of the previously announced restructuring of the two companies’ German refining and petrochemical venture. The agreement was approved […]

Markets FTSE 100 Indicators are mostly bearish and the Elliott wave is wave iii (circle) down. Wave ii (circle) ended at 6314.5, the index should not return to that level. The decline has resumed with wave iii (circle) in five waves [(i),(ii),(iii),(iv),(v)]. Sentiment is bearish and wave (i) is over, the index is now bouncing […]

Drilling Completed in Oman Savannah Resources (AIM:SAV), advises that it has completed its initial reverse circulation and diamond drilling programme over Blocks 4 and 5 in Oman, which are prospective for both copper and gold. Savannah is earning a 65% shareholding in the Omani company, Al Thuraya LLC, the owner of the Block 4 licence […]

‘Highly respected petroleum engineer and oil and gas investment specialist’ Magnolia Petroleum, the AIM-quoted, US onshore-focused oil and gas exploration and production company, has announced that Mr. Thomas Wagenhofer has been appointed Chairman of the Board with immediate effect. He replaces Mr. Gavin Burnell who is stepping down from the Board to pursue other business […]

Placing to Raise £825,000 to Accelerate Expansion of Trading Operations African Potash, the AIM listed exploration company focused on the vertical integration of fertiliser operations in Africa and sub-Saharan potash assets, has announced a placing of 48,529,412 new ordinary shares in the Company at a price of 1.7p pence per share to raise gross proceeds […]

Pre-close Update Cluff Natural Resources Plc, the AIM quoted natural resources investing company, has announced a pre-close update for the financial year to 31 December 2015: In the course of the year, the Company has moved its primary focus from its Underground Coal Gasification (‘UCG’) assets (in particular the development of its Kincardine Project in […]

Update on Four Awarded Mexican Onshore Concessions MX Oil, the AIM quoted oil and gas investing company, has provided further details on the four Land Contract Areas it was awarded, alongside its local partner Geo Estratos, during the third phase of the Bid Round 1 Licensing Round for onshore conventional concessions in Mexico. In line […]

Issue of up to £0.5 million of Equity Vast Resources, the AIM listed mining company with operations in Zimbabwe and Romania, has announced that, further to the announcement of 4 January 2016, certain directors, senior executives or consultants of the Company entered into a subscription agreement on 5 January 2016 according to which they will […]

Full Year Production Update DekelOil Public Limited, operator and 51% owner of the vertically integrated Ayenouan palm oil project in Côte d’Ivoire, has provided a production update for the year ended 31 December 2015. Crude palm oil production increased by 151% to 35,770 tonnes at the Company’s 60 t/hr CPO extraction Mill, one of West […]

20,000MT Trade under COMESA Agreement African Potash, the AIM listed exploration company focused on the vertical integration of fertiliser operations in Africa and sub-Saharan potash assets, has dispatched 20,000 metric tonnes in partial satisfaction of the sale agreement previously announced on 1 October 2015. Highlights: · Dispatch of the initial 20,000MT of urea fertiliser stock […]