Resources round-up: Berkeley, Providence, African Consolidated Resources
13th Sep 2012 13:12
Berkeley Mineral Resources, which earlier this year signed a memorandum of understanding with Yunnan Xiangyun Feilong Nonferrous Metal Company, has said that the initial series of tests by Feilong on Berkleley's samples of mine tailings it owns in Kabwe, Zambia, have concluded that the material is p
Read moreProvidence Resources mulls huge extra reservoir at Barryroe
5th Sep 2012 09:43
Providence Resources, the oil and gas explorer working in the North Celtic Sea offshore Ireland, says its Barryroe field could have significantly more oil in place than originally thought. An analysis of data gathered at two new areas within the field suggests there could be the equivalent of an ex
Read moreProvidence smiling after Irish licence granted
9th Aug 2012 09:19
Two AIM listed oil explorers, Providence and Lansdowne, are celebrating after receiving a two year licensing option offshore Ireland. Providence Resources and its partner Lansdowne Oil and Gas have been offered a new licensing option over five part-blocks covering 500 square kilometres adjacent to
Read moreResources round-up: Northern Petroleum, Providence, New World
7th Aug 2012 11:38
Northern Petroleum has started drilling operations on the La Tosca-1 well, targeting a 43bn cubic feet of gross mean prospective resource gas prospect. The well is being drilled to evaluate the exploration potential of a gas prospect mapped from 3D seismic on the Longastrino Permit. The well is situ
Read moreProvidence upgrades resource estimate at Barryroe
25th Jul 2012 14:34
Oil and gas producer Providence Resources upgraded its oil in place resource estimates at the Barryroe oil field in the North Celtic Sea Basin, offshore Ireland. The probable resources now total 1,043m barrels of oil and possible resources total 1,612m barrels. The results follow the drilling an
Read moreBarryroe test results vindicate Providence's view
6th Jun 2012 07:51
Providence Resources, the Irish oil and gas firm, said a third party assay has confirmed the presence of light sweet waxy oil at the Barryroe oil discovery off the south coast of Ireland. The assay reports the Barryroe oil to be a premium light (43 degrees gravity API), low sulphur, low TAN (acidit
Read moreResource round-up: Norseman Gold, Max Petroleum, Sound Oil
1st May 2012 10:08
Shares in West Australian miner Norseman Gold jumped almost eight per cent after it said it had dramatically reduced costs in the first quarter of the year and its mill was now working seven days a week and 24 hours a day. The firm said it was on track to become a consistent 100,000 ounce gold produ
Read moreProvidence places shares at a premium
2nd Apr 2012 11:36
When Irish oil and gas explorer Providence Resources decided it needed new funds it found no shortage of institutional investors willing to pay a premium price for its shares. The company placed 13.15m new shares at 480p per share, a 5% premium on the pre-placing closing price, raising £63.1m. The
Read moreLondon pre-open: FTSE to regain some of yesterday's losses
23rd Mar 2012 07:28
City sources predict the FTSE 100 will open up 14 points from yesterday's close of 5,846, ignoring falls across the board in the US as it makes up for yesterday's losses which came on the back of poor Chinese manafacturing data. Surging online sales at collectibles dealer Stanley Gibbons drove top
Read moreProvidence sees potential in Irish appraisal well - UPDATE
23rd Mar 2012 07:06
UK- and Ireland-focused oil and gas group Providence Resources has announced that testing at its Barryroe well, offshore southern Ireland, has proven the reservoirs to be highly productive. The productivity of the the gas bearing interval on the 48/24-10z Barryroe appraisal well far exceeded expect
Read moreProvidence strikes black gold off Irish coast
15th Mar 2012 09:15
Oil explorer Providence Resources has found more oil than expected at its Barryroe well off the coast of Ireland. Tests showed flow rates at the site were 3,514 barrels of oil equivalent per day - almost double its pre-drill target of 1,800. Gas flow rates were 4,000 barrels of oil equivalent per
Read moreSmall caps round-up: Orogen, Providence, President
27th Feb 2012 15:44
Orogen Gold, a Europe-focused miner, has said it has re-established access to its mine sites after a temporary cut-off was caused by extreme weather. The firm admitted that the exceptionally severe winter weather conditions in Serbia have had a slight impact on the timing of completion of the underg
Read morePositive drilling result for Providence
9th Feb 2012 11:40
Providence Resources, the Irish oil explorer, has found signs of the black stuff during appraisal drilling in the North Celtic Sea Basin offshore southern Ireland. The original drilling timeline was initially set back by bad weather and by technical problems with the rig but operations started agai
Read moreFriday broker round-up - UPDATE
3rd Feb 2012 09:09
Royal Bank of Scotland: Deutsche Bank downgrades to hold from buy. BT Group: Nomura reiterates buy recommendation and 285p target. AstraZeneca: Nomura keeps reduce rating and 2,400p target. GlaxoSmithKline: Nomura reiterates neutral rating and 1,220p target. Royal Dutch Shell B: Nomura raises ta
Read moreSmall caps round-up: Hambledon, Cluff Gold, Orosur, Alumasc, Theo Fennell ...
12th Jan 2012 09:48
Hambledon Mining announced that the European Bank for Reconstruction and Development (EBRD) has posted a Project Summary Document relating to a potential $15m debt facility along with an equity investment of $3m for Hambledon to develop the Sekisovskoye underground mining operation and other group p
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