The UK Economy

The EUR/JPY dropped by 450 pips last week, owing to the strength in the Yen. Even the bullish effort on the EUR was unable to prevent the smooth southward movement. The price reached the demand zone at 126.00, and it could go below it despite the current upwards bounce present in the market. The upward […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish EURUSD moved upwards by 230 pips last week, topping at the resistance line of 1.1350, before the current bearish correction. From that resistance line, price got corrected by 100 pips while the bias on the market remains bullish. There is a need for price […]

Joint Venture with Randgold Resources for the Advancement of Kossanto West Gold Project in Western Mali Alecto Minerals plc, the Africa-focused gold and base metal exploration and development company, has announce dthat Caracal Gold Mali SARL, its wholly owned subsidiary, has entered into a joint venture agreement with Randgold Resources (Mali) Limited for the exploration […]

Robust Project Demonstrated by Mpokoto Feasibility Study Armadale, the AIM quoted investment company focused on natural resource projects in Africa, has announced the preliminary results of the Feasibility Study for Phase 1 of the Mpokoto Gold Project in the Katanga Province of the Democratic Republic of Congo. The Study is based on the intended initial […]

Update on Four Mexican Onshore Concessions MX Oil, the AIM quoted oil and gas investing company, has provided an update in respect of 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. The […]

Initial Drill Results at Kvemo Bolnisi Reiterate Potential for H2 2016 Gold Production Noricum Gold Limited, the European focused base and precious metals resource development company, has announced initial high grade, close-to-surface gold assay results received from an ongoing 19 hole diamond drill programme at Kvemo Bolnisi have highlighted the potential for early stage low […]

Readmission to Trading on the London Stock Exchange Highlands Natural Resources plc, the London listed oil and gas company, has confirmed that the Company’s shares have today been readmitted to the Official List of the UK Listing Authority by way of a Standard Listing and to trading on the London Stock Exchange’s Main Market for […]

Board Changes Andalas Energy and Power Plc, the AIM listed investment company, has announced that Mr Paul Warwick, an existing non-Executive Director of ADL, has been appointed Chairman of the Board. Mr Warwick’s extensive industry experience, both globally and specifically in Indonesia, “makes him ideally placed to help drive the strategic vision of the Board […]

ADL signs heads of agreement to farm-in to Indonesian gas project Andalas Energy and Power has signed a non-binding heads of agreement to farm-in to the Technical Assistance Contract covering the Tuba Obi East oil and gas concession in Jambi province, Sumatra. The proposed transaction would constitute a reverse takeover within the meaning of the […]

Update on proposal for its Nigerian investment, placing and notice of GM Further to its announcement on 25 January 2016, MX Oil has issued an update in connection with the proposal it has received for its Nigerian investment in the proven Aje Field offshore Nigeria. The Directors believe a sale of its Nigerian investment is […]