LSE Market News

But will the announcement raise your interest levels? Northcote (LSE:NCT), an onshore US oil and gas exploration and production company, has raised £1.75 million (before expenses) through a placing arranged by Shore Capital Stockbrokers Limited of 159,090,910 new ordinary shares (‘Ordinary Shares’) of no par value in the capital of the Company (‘the Placing Shares’) […]

Anglo Asian Mining (LSE:AAZ), a gold producer in Azerbaijan, has announced that it has entered into a loan facility agreement (‘Facility Agreement’) with Amsterdam Trade Bank N.V. (‘ATB’). Under the terms of the Facility Agreement, ATB has agreed to provide a committed term loan facility of up to US$37 million (the ‘ATB Facility’) to Azerbaijan […]

Wishbone Gold (LSE:WSBN), an exploration and acquisition company focused on precious metals, is holding its Annual General Meeting (‘AGM’) later today. At the meeting, Executive Chairman Richard Poulden will make the following statement: “Since listing on AIM in July 2012, the Company has made a great deal of progress towards achieving our stated strategy of […]

Aeorema Communications (LSE:AEO), a corporate communications and events specialist, announces its results for the year ended 30 June 2013. As part of the results the company announced an enhanced maiden dividend of 1.5 pence per share. House broker, Cantor Fitzgerald commented: “The shares are trading on a historic earnings multiple of 9.9x and we would […]

Alecto Minerals (LSE:ALO), a mining exploration company focusing on West and East Africa, is has provided a market update on the Company’s exploration activities at its Kossanto Gold Project, West Mali. Highlights: • Trenching and soil sampling at Gourbassi East demonstrated the following positive results: o Trenching over the Gourbassi East Main Zone reveals high […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, US politicians have decided that the best thing for the nation is to allow its government to go into partial shutdown rather than back down on conflicting budget views surrounding a presidential policy aimed at making medical care affordable […]

Sable Mining Africa (LSE:SBLM) has confirmed the issuance of an export decree for the Nimba Iron Ore Project in south-west Guinea , by the Government of the Republic of Guinea, authorising the Company to export iron ore through Liberia to the Port of Buchanan. The decree, the first to be issued in Guinea, will, together […]

Plexus Holdings (LSE:POS), a oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has announced it has been awarded a contract for the supply of surface exploration wellhead equipment services, worth approximately £750,000 from Centrica Energi Norway. Under the terms of the contract, Plexus will supply its […]

Northcote Energy (LSE:NCT), a US oil and gas exploration and production company, is pleased to announce plans to drill its first horizontal well targeting the Mississippi Lime formation on its 100% owned Mathis lease prior to end of December 2013. In addition as part of the well planning process, the first two undeveloped locations on […]

Magnolia Petroleum (LSE:MAGP), a US focused oil and gas exploration and production company, has announced a quarterly update on its operations across proven and producing US onshore hydrocarbon formations, including the Bakken/Three Forks Sanish in North Dakota and Montana, and the Mississippi Lime and the Hunton/Woodford in Oklahoma. Quarter Highlights: Production as at 1 August […]