Resource round-up: Caspian Holdings, Aminex, Continental Coal
16th May 2012 10:30
Caspian Holdings reported good progress on its drilling programme at La Parrilla, located in southwest Spain. La Parrilla, a former producing open pit mine, closed in the 1980s. But the firm said its latest assay results showed strong indications of continuity of high grades through the western exte
Read moreAminex and Solo suffer Tanzanian setback
11th Apr 2012 14:59
Oil and gas explorers Aminex and Solo Oil took a tumble after a disappointing drilling result at that their jointly owned Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania. Hopes were raised at the end of February when Aminex, the operator and 75% owner of the Ruvuma production sha
Read moreResource companies round-up: Aminex, Magnolia, Central Rand ...
15th Feb 2012 09:26
Aminex, operator and majority owner of the Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania, said further drilling of the well has encountered strong gas shows in a good quality reservoir. A logging programme will commence shortly to evaluate the new section drilled below 2,500 metr
Read moreSmall caps round-up: Aminex, Solo, Firestone Diamonds ...
7th Feb 2012 08:50
Oil and gas companies Aminex and Solo Oil took a hit on Tuesday morning after the first stab at drilling their shared Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania proved disappointing. Data will now be recorded to determine whether or not to drill further. Aminex shares fell 38
Read moreAminex falls after well casing operation
27th Jan 2012 10:12
The east Africa-focused oil company, Aminex, says an intermediate casing string has been set on its Ntorya-1 well onshore in Tanzania. The well was spudded on December 22nd 2011 and had been drilled to 1,535 metres before the casing operations. It will now continue to approximately 1,800 to 1,900
Read moreBarclays director keeps the faith
21st Dec 2011 16:29
Sir Michael Rake, the Senior Independent Director of Barclays, has upped his stake in the firm less than a week after the global bank was downgraded by Fitch Ratings. Rake, who is currently also Chairman of telecommunications firm BT Group and Chairman of Easyjet, bought up 5,914 ordinary shares a
Read moreAminex gets ready to spud Ntorya-1
5th Dec 2011 09:52
Aminex, the oil and gas exploration company, has seen its share price rise 3.87% on news that it is about to spub its Ntorya-1 well in southern Tanzania. The company says the drill site was completed at the end of October and that "the rig camp is now fully installed". Aminex says it expects to st
Read moreAminex progressing well
16th Nov 2011 13:01
Aminex, the Africa- and US-focused oil and gas firm, has progressed well since the start of July, the firm said. The group's Nyuni 2 exploration well was suspended as a result of difficult drilling conditions, however the resource potential was not affected. Tests on the Nyuni 1 exploration well w
Read moreObstructions stop work at Aminex well
6th Oct 2011 08:22
Africa and US focused oil and gas firm Aminex has suspended further work on the Nyuni-2 exploration well off the coast of Tanzania due to obstructions near the base of the well, the firm said. Repeated attempts to drill out the obstructions were unsuccessful so a decision was made to cement off t
Read moreUPDATE: Thursday broker round-up
22nd Sep 2011 09:55
Burberry: AlphaValue downgrades to sell, target cut from 1,297p to 1,302.5p. Anglo American: Societe Generale upgrades to buy, target cut from 3,250p to 3,000p. TUI Travel: Numis Securities downgrades to hold, target decreased from 180p to 160p. Aegis Group: Barclays downgrades to equal-weight, t
Read moreAminex appoints new chief exec
20th Sep 2011 11:27
Aminex, the Africa and US focused oil and gas firm, has appointed Stuard Detmer to the position of chief executive officer with immediate effect. The move will see him takeover the role from Brian Hall, who remains in his position as executive chairman. Shareholders will be asked to approve the
Read moreObstruction delays progress at Aminex well
16th Sep 2011 10:18
Aminex, the Africa and US focused oil and gas firm, saw its share price dip after the mining firm reported that it was unable to progress past a blockage in its Nyuni-2 well. The decision was made to pull back 3,000 meters, above the area of blockage, and to side-track the well, by-passing the obs
Read moreAminex swaps Tanzania interests
13th Sep 2011 08:28
Aminex, the Africa and US focused oil and gas firm, is seeking to complete a so called 'acreage swap' in Tanzania with its partner, Key Petroleum. In essence, the deal will see Aminex's 50% stake in the Songo-Songo transferred to its partner Key Petroleum after what the company describes as "slow p
Read moreAminex desperate to get gas on shore
31st Aug 2011 09:46
Aminex, the oil and gas company with operations in Tanzania and the southern US, saw a 33% increase in production in the first half of 2011 to the equivalent of 50,500 barrels of oil. The company's half-year results also show a pre-tax loss of $896,000, better than the $2.49m loss in the same perio
Read moreAminex reports 'satisfactory progress' in Tanzania
26th Aug 2011 09:11
Aminex, the oil and gas firm with operations in Africa and the US, said that operations at its Nyuni-2 exploration well in the Indian Ocean have made "satisfactory progress" despite some delays. The rig at the well, being drilled from Nyuni island off the Tanzanian coast, was shut down for eight da
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