The UK Economy

Production Update for Shoats Creek Field, Louisiana North American Petroleum has issued a production update for the recently acquired 1,670 gross acre Shoats Creek Project, in Louisiana. NAP holds a 35%/26.25% working/net revenue interest in Shoats Creek alongside Northcote Energy (35% WI), and Springer Oil & Gas (30% WI). * Excellent initial gross flow rates […]

Interim results and Launch of KiQplan Digital Coaching Product Fitbug Holdings, the AIM listed provider of online personal health and well-being services, has announced its results for the six months ended 30 June 2014. Overview: · Sales increased by 98% to £914,000 (H1 2013: £461,000) reflecting increased device sales following launch of Fitbug Orb · […]

Interim Results for the six months ended 30 June 2014 Alecto Minerals plc (LSE:ALO), the AIM quoted mineral exploration company focused on West and East Africa, has announced its unaudited interim results for the six months ended 30 June 2014. Highlights: · Delivered on key objectives to build value across the Company’s African gold and […]

The chatter has come to a fever pitch as it appears that Sir Richard Branson will be taking Virgin Money public on the London Stock Exchange in the very near future. An official announcement is expected this week. Don’t expect this IPO to be as anywhere near the size of the recent Alibaba (NYSE:BABA) offering. […]

Posting of Admission Document and board changes Africa Oilfield Logistics (LSE:AOL), the AIM listed African focussed support services and logistics company, has announced that the Board has decided to exercise the call option granted to it pursuant to the framework and option agreement announced on 28 March 2014, to acquire the entire issued share capital […]

Polymetallic Discovery at Hammaslahti Project continues to grow – mineralisation now intercepted over 500m along north to south strike and all holes in first cross-section hit mineralisation FinnAust Mining has announced the discovery of additional high grade copper, zinc, lead, silver and gold mineralisation, which has extended the previously identified high grade polymetallic...

Time to look back. The Azerbaijan International Operating Company (AIOC) operated by BP, has celebrated the 20th anniversary of the Azeri-Chirag-Gunashli (ACG) production sharing agreement, signed on 20 September 1994 between Azerbaijan and eleven international companies – but, on reflection, how does it add up? From the start, activity level on ACG has remained high. […]

Interim results for the six months ended 30 June 2014 Financial Highlights for the period include: · Revenue of USD 29.4 million, an increase of 7.4% over the comparative period (1H 2013: USD 27.4 million) · Earnings before interest, taxes, depreciation and amortisation for the period amounted to USD 28.01 million, an increase of 11.6% […]

Interim Results Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, announces its interim results for the six month period ended 30 June 2014. Highlights: * 93% increase in H1 2014 revenues to US$1,755,459 (H1 2013: US$910,721) * Half year EBITDA of US$699,397 compared to US$237,552 (after removing gain […]

Significant Zones of Higher Grade Heavy Mineral Sands Identified at Jangamo Project, Mozambique Savannah Resources plc (AIM:SAV) has said that it has now received the analysis results from the 3,990m scout drilling programme detailed in the 2 July 2014 RNS at its highly prospective, 180km² Jangamo heavy mineral sands project, located in a world-class mineral […]