The UK Economy

BG International Becomes Sixth Oil and Gas Major to Join POS-GRIP ‘HGSS’ New Subsea Wellhead Design Development Joint Industry Project Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP method of wellhead engineering, announces that BG International Ltd, a subsidiary of BG Group, has signed up […]

Transfer of Convertible Loan Agreement and Board Changes Paragon Diamonds Limited, the AIM quoted diamond development and production company in Africa announces that Obtala Resources Limited, the holder of £1,996,000 loan notes in the Company, as well as 27.33% of the Company’s issued share capital, has entered into an agreement to sell the Notes to […]

Operations and Trading Update Goldplat plc, the AIM listed gold producer in Africa, announces an operations update for its two market leading gold recovery businesses in South Africa and Ghana, its Kilimapesa Gold Project in Kenya and Midas Gold initiative in Burkina Faso. Trading Update: Goldplat operated profitably in the second half of FY 2014, […]

The share price of Circle Oil (LSE:COP) jumped nearly 30% today on the news of a major oil find about 120 km off the coast of Tunisia. Shares closed Monday at 17.75. Institutional investors took most of the gain in pre-trading following the announcement, with Circle’s shares opening today at 21.75, gaining modestly throughout the […]

Not reserved about it. Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, has received an independent Reserves Report covering its leases in proven formations such as the Woodford and Mississippi Lime, Oklahoma, and the Bakken and Three Forks Sanish, North Dakota, as at 1 July 2014. In […]

BP Trinidad and Tobago LLC has announced the sanction of its Juniper offshore gas project. The project will feature the construction of a normally unmanned platform together with corresponding subsea infrastructure, a first for BP Trinidad and Tobago. Fabrication is proposed to begin in 4th quarter, 2014. The Juniper facility will take gas from the […]

‘Excellent’ bulk Sample Grade from Tongo Project, Sierra Leone Stellar Diamonds, the London listed (LSE:STEL) diamond development company focused on West Africa, has issued the final bulk sample grade at its Tongo kimberlite project in Sierra Leone has exceeded 178 carats per hundred tonnes. Highlights: · 1,182 carats recovered from kimberlite ore at an average […]

Appointment of Non-Executive Director DekelOil Public Limited, operator and 51% owner of an established vertically integrated palm oil project in Côte d’Ivoire, has announced that Ms. Orli Arav, who has more than eighteen years’ experience in project and structured finance within financial institutions and advisory firms, particularly in Africa, has been appointed as Non-executive...

Approval Granted for Drilling at Schonberg Precious Metals Project, Austria Noricum Gold Limited, the Austrian focused gold exploration and development company, has been granted approval to conduct 3,000 metres of drilling at the Company’s wholly owned Schonberg Precious Metals Project in south-central Austria. This follows a site visit and oral hearing convened by the Austrian […]

Operational Update Rame Energy plc, the international energy consultant, engineer and power generator, has issued update on its operations in line with the Company’s strategy to grow its revenue generative international energy consultancy business, which supplies power generation solutions to the industrial, mining and utility sectors, in tandem with establishing Rame as an independent...