Oil and Gas

Despite widespread circulation of rumours of a takeover bid, Exxon Mobil and Gulf Keystone Petroleum (LSE:GKP) have yet to issue statements to shed light into the matter. The Shaikan block has been accredited in holding an average of over 10 billion oil barrels, where Gulf Keystone has the majority working interest of 75% of the […]

Stocks of AIM-listed Gulf Keystone Petroleum (LSE:GKP) closed on a high after GKP affirmed the authority of Government of the Kurdistan Region of Iraq over the company’s interests in the region, sparking renewed talks that a giant oil company may be interested in joining the oil exploration in the area or offering to buy the […]

Rock Solid Images (LSE:RSI) released a statement Wednesday morning announcing a successful bid for a $1.1 million project awarded by a South East Asia national oil company prompting shares of this AIM-listed company to rise 55.6% at the close of the day’s trading to 1.75P with a total volume of 3,069,004. [2] Overview According to […]

Conroy Gold and Natural Resources Plc (LSE:CGNR) announced on Friday that it has received an updated resource and evaluation report indicating a significant increase in resources. The news prompted a rise in shares of around 20% in early trading, with the share price at 3.125 p at 10:45 GMT. Resource Evaluation Details The updated resource […]

Shares of Central Rand Gold (LSE:CRND) bounced back since the opening of trading this week, following the consent order issued on Monday, December 12th, by the High Court in South Africa, setting aside the decision to cancel the mining rights of Central Rand Gold’s wholly-owned subsidiary, Ferreira Estate and Investment Company (FEIC). CRND shares closed […]

Urals Energy (LSE:UEN) announced on Thursday that they have reached a pay-back deal for loans made to Taas-Yurikah in 2009.  Shares in the company rose 46.1% by late afternoon, trading at 9.5p. Background on the Deal The loans were issued by Urals Energy in 2009 as part of an acquisition agreement with Taas. They used […]

Magnolia Petroleum Plc (LSE:MAGP) released an update on its operations in North Dakota on Wednesday prompting a share price increase of 9.1% by mid-morning trading to 0.6 p. Update on Operations According to the company report, two wells have been successfully drilled in Dunn County, North Dakota at the Skunk Creek Wells. Magnolia owns a 0.59% […]

Bowleven Plc (LSE:BLVN), an AIM traded oil & gas exploration company with operational focuses in West Africa, announced on Thursday further discoveries at its Sapele-3 exploration well off the coast of Cameroon. The company’s shares were down 1.4% at 11:47 am GMT to 73p. In the statement released, the company announced that the well drilling […]

Independent Resources Plc (LSE:IRG) shares dropped 8.4% by 2:15pm GMT on Wednesday following the release of their results for the fiscal year ending 30 September 2011. The news release contained highlights from the year, a short statement by the company chairman, and a series of consolidated financial statements. In the announcement, the chairman admitted that […]

Aminex Plc (LSE:AEX) shares closed up 4.2% on Wednesday following the release of their Interim Management Statement. The AIM listed oil and gas company released this announcement pertaining to the period dating from 1 July until today. Among the highlights stated by the firm, their cash position as of 31 October was approximately £18 million, […]