Sector movers: Oil stocks extend gains as Budget confirms North Sea tax breaks
18th Mar 2015 15:07
Confirmation by chancellor George Osborne of budgetary measures to ease the pain in the struggling oil industry gave energy producers and services stocks another big lift on Wednesday. The 2015 Budget, the last of the current parliament, revealed new tax allowances worth £1.3bn in total to stimulate
Read moreUK Oil & Gas leads peers higher on Horse Hill potential
18th Mar 2015 08:14
Shares in a number of AIM oil producers rose on Wednesday after an update on the Horse Hill discovery in the UK Weald Basin showed further potential oil pay. Horse Hill Developments Ltd (HHDL), which is part-owned by several UK-listed producers, said that ongoing well analysis of the Horse Hill-1 we
Read moreStellar Resources drops on challenges at Welsh project
5th Dec 2014 16:10
Shares in Stellar Resources plunged by a third after the gold explorer said it was facing exploration challenges at its joint venture in north Wales. The stock dropped 0.2p or 33.6% to 0.36p at 16:08 in London after Stellar said an independent technical review by SRK had shown erratically distribute
Read moreStellar Resources shares soar after positive assays in Wales
20th Nov 2014 15:54
Mining firm Stellar Resources revealed positive assays from sampling at the Clogau St David's gold mine in Wales. Out of the total 55 assays, ten returned grades of over 200g of gold per tonne (g/t), with six results returning more than 300g/t, while the average return over all samples was 67.3g/t.
Read moreStellar Resources moves forward with Welsh gold mine
19th Nov 2014 13:51
Shares in Stellar Resources sparkled after the gold miner said it was reviewing the results of a study of a mine known for providing gold to royals. The stock gleamed 0.16p or 45.8% to 0.52p at 14:13 in London after Stellar said it had received the latest gold assay results from an underground sampl
Read moreSolo Oil and partners fail to find gas in UK well
5th Nov 2014 15:47
A string of oil companies have announced that part of a well near Gatwick airport in southern England has come up dry, knocking their shares. The companies, including Stellar Resources, Solo Oil, Regency Mines, UK Oil & Gas Investments, Alba Mineral Resources and Doriemus, said exploration of the Tr
Read moreStellar Resources, Solo Oil and others strike oil near UK's Gatwick Airport
24th Oct 2014 13:49
A string of oil companies have struck oil near Gatwick Airport in southern England. The companies, including Stellar Resources, Solo Oil, Regency Mines, UK Oil & Gas Investments, Alba Mineral Resources and Doriemus, are in a consortium that has found an oil accumulation in the Horse Hill-1 well on t
Read moreSolo Oil, Stellar Resources and Alba Mineral Resources strike oil in UK
6th Oct 2014 08:05
Oil explorers Solo Oil, Alba Mineral Resources and Stellar Resources have struck oil at a site in southern England. The companies said their Horse Hill-1 drilling well encountered Portland Sandstone over the weekend, with oil shows at between 2,100 and 2,400 feet of measured depth. The sandstone dr
Read moreHorse Hill Development granted final approval for Weald Basin drilling
6th Aug 2014 13:34
Horse Hill Developments Ltd (HHDL), a joint venture (JV) group developed by several AIM-listed companies, has now been granted final approvals from the UK Environment Agency to go ahead the Horse Hill Prospect in the Weald Basin, Surry. The approvals clear the way for the JV to proceed with the dri
Read moreStellar Resources falls despite progress on Welsh gold project
19th Jun 2014 12:46
AIM-listed gold explorer Stellar Resources was a notable decliner on Thursday despite announcing progress on a mining scheme in North Wales. Stellar said a gold processing plant bought for use at its Clogau St David's gold mine had arrived in Amsterdam, from where it will be moved to Clogau. The
Read moreSector movers: Oil stocks track crude higher on Iraq violence
16th Jun 2014 13:37
Rising crude prices helped lift stocks in the oil sector on Monday, as the ongoing violence in Iraq raised concerns about the knock-on effect on supply. Fighting between the Iraqi army and Sunni Islamist insurgents escalated this weekend after militants from the Islamic State of Iraq and the Levant
Read moreStellar Resources to follow in Esso´s path, but with better seismics
4th Mar 2014 14:15
Stellar Resources has commenced civil works for the drilling of the Horse Hill-1 well on the prospect going by the same name, with completion expected by August 2014. The 2,646 metre (8,680 feet) well is targeting a number of conventional stacked oil targets at the proven Portland sandstone, Cora
Read moreStellar Resources rises after buying gold processing plant
25th Feb 2014 09:41
Gold miner Stellar Resources has bought a processing plant to handle ore from a mine in North Wales. Stellar said the plant was capable of processing up to 2 tonnes of ore per hour from the Clogau pit. It will be used to process previously identified high grade areas re-opened as part of the unde
Read moreShanta Gold's full-year production boosted by strong fourth quarter
20th Jan 2014 14:32
Shanta Gold said 2013 full-year production came to 64,054 ounces, marginally ahead of guidance of 63,000 ounces, following a strong fourth quarter. The East Africa focused company's gold output rose 3.6% to 19,581 in the fourth quarter from the previous three months and sales of the yellow metal ca
Read moreStellar Resources rockets on high-grade gold discovery in Wales
7th Feb 2013 11:32
Stellar Resources advanced on news it discovered high grade gold samples at the Clogau Gold Mine in Wales. Shares soared 49.25% to 2.50p by late Thursday morning after the company said it received promising first assay results from the venture though its 49.9% interest in Gold Mines of Wales. As
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