The UK Economy

Divestment of Interest in East Blackwell Northcote (AIM:NCT) has, in line with its strategy to dispose of certain non-core assets in its portfolio, it has sold its 100% working interest in the East Blackwell Skinner Sand Unit in Kay County, Oklahoma to a private party for US$75,000 in cash. East Blackwell has historically contributed approximately […]

Along with its co-venturers, BP is in the middle of a five year, £7 billion investment programme in the North Sea, including major projects in the central North Sea and Shetland area. BP and its co-venturers, ConocoPhillips, Chevron and Shell, have confirmed the safe installation of the new Clair Ridge platform’s quarters and utilities (QU) […]

Audited Final Results Paragon Diamonds Limited, the AIM quoted vertically integrated diamond development company in Lesotho, Africa, has announced its audit final results for the year ended 31 December 2014. Overview – Substantial progress made towards building a leading vertically integrated diamond company – retaining ownership of the journey of a stone from the ground […]

Read on… Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, held its Annual General Meeting today. At the meeting, CEO Steven Snead said: “As our recent full year results demonstrate, Magnolia Petroleum is a cash generative, asset-backed oil and gas company focused on proven US onshore formations. From […]

Drilling at the Mpokoto Gold Project Armadale, the AIM quoted investment company focused on natural resources projects in Africa, has commenced a 2,500m drilling programme in late July and undertake further analysis of the geological work conducted to-date with a view to increasing the current 678,000oz gold resource and optimising the already compelling economics of […]

Joint Industry Project supported by BG, Royal Dutch Shell, Wintershall, Maersk, TOTAL, Tullow Oil, eni, Senergy, and Oil States Industries Inc. Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, known for its safety, time and cost saving capabilities, will launch […]

What are the detials? Rosneft and BP today have signed several agreements strengthening the long term strategic relationship between the two companies, at the St. Petersburg International Economic Forum. Rosneft and BP signed final binding agreements for Rosneft’s sale to BP of a 20 per cent share of Taas-Yuryakh Neftegazodobycha (Taas), creating a new joint […]

£500,000 debt financing, Acquisition update and Share buyback programme Paragon Diamonds Limited, the AIM quoted diamond development company, has announced that it has raised £500,000 of unsecured debt financing, from an investment company. The proceeds of the fundraise may be used to initiate a share buyback programme and to support short term working capital requirements […]

Commencement of Extended Well Test on Wressle Discovery, Onshore UK Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with a combination of producing and exploration assets in Europe, has welcomed today’s announcement from Egdon Resources confirming the commencement of an Extended Well Test at the Wressle-1 oil and gas well […]

US$1.6 billion Net Mean Un-risked NPV10 for FEL3/13 Prospects – Irish Atlantic Margin Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with both producing and exploration assets in Europe, recently commissioned ERC Equipoise Ltd to complete an independent assessment of its interests in the Frontier Exploration Licence 3/13 in the […]