The UK Economy

Shimanek Well Update Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, has announced that the Shimanek #2 vertical well in Oklahoma reached total depth of 5,300 feet on 24 July 2015. The Well encountered hydrocarbons in the targeted conventional zones, including the Lower Skinner, Redfork Sand and Mississippi […]

Award of Licence in Southern North Sea Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with a combination of producing and exploration assets in Europe, has noted the announcement on 27 July 2015 by the Oil and Gas Authority, the UK oil and gas regulator, confirming the conditional award of […]

Hoist by their own? Petards, the AIM quoted developer of advanced security and surveillance systems, has provided an update on trading following the end of its financial half year on 30 June 2015. The Group has continued to trade profitably in line with the Board’s expectations for the six months ended 30 June 2015. Margins […]

PLACING AND SUBSCRIPTION TO RAISE £1,000,000 Ariana Resources, the Anglo-Turkish gold exploration and development company focused on Turkey, has announced that it has raised £1,000,000 before expenses. The proceeds of the Placing and Subscription will be used primarily for further exploration and resource development of the Kiziltepe Sector of the Red Rabbit Gold Project in […]

Placing and subscription of 105,416,662 Ordinary Shares at a price of 1.2pence per share Vast Resources plc, the AIM listed resource and development company, has announced that it has raised approximately £1.26 million (approximately $1.96 million) before costs through a placing of 45,416,662 ordinary shares of 0.1 pence each in the Company and a subscription […]

Drilling of Aje 5 Development Well Commences Offshore Nigeria and Exercise of Warrants MX Oil plc, the AIM quoted oil and gas investment company, has announced that drilling has commenced of the Aje 5 production well located in the proven Aje Field on the OML 113 licence offshore Nigeria. Once Aje 5 has been drilled […]

Appointment of Interim CEO FinnAust Mining plc, the AIM listed exploration company with a multi-project, copper, zinc and nickel portfolio in Finland and Austria, has announced the appointment of Roderick McIllree as its non-Board interim Chief Executive Officer. Mr. McIllree is a graduate of Curtin University’s Kalgoorlie School of Mines, holds a Bachelor of Science […]

Manaila mine: fulfilment of conditions precedent Vast Resources plc, the AIM listed resource and development company, is pleased to announce that all the conditions precedent under the sale and purchase agreement for the acquisition of a 50.1 per cent. interest in Sinarom Mining Group srl, the owner of the 1.8Mt polymetallic Manaila mine located in […]

Positive Results from Mapping and Sampling, Walchen, Austria Noricum Gold Limited, the European focused base and precious metals exploration and development company, has provided an update on its exploration activities at the Company’s 100% owned Walchen VMS Deposit, located in an area of Austria proven to host copper, gold and silver mineralisation. In particular, the […]

Namib Lead Zinc Mine Bankability Strengthened Significantly following completion of further Metallurgical Testwork North River Resources has announced that, following supplementary metallurgical testwork, confidence in the planned ore processing solution for the Namib Lead Zinc Project in Namibia has been improved significantly. Highlights: · A critical milestone as North River moves towards...