The UK Economy

‘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 […]

The USD/JPY moved southward last week; by roughly 200 pips. The price made several attempts to break the demand level at 117.50 to the downside, but with no success. The price still shows the determination to go further south, which may eventually enable it to go below the demand level at 117.50. EUR/USD: This market […]

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 […]

Three Primary Targets Identified at Pituffik Titanium Project FinnAust Mining plc, the AIM listed exploration company with projects in Greenland, Finland and Austria, has provided further detail on work completed during 2015 at the recently acquired 126 sq km Pituffik Titanium Project in Greenland. This work focused on better defining areas likely to host economic […]

Expected to close in early 2016, deal marks a key step in restructuring of BP’s global petrochemicals business BP has agreed to sell its petrochemical complex in Decatur, Alabama, to Indorama Ventures Public Company Limited, as part of a previously announced effort to refocus its global petrochemicals business for improved profitability and long-term growth. The […]