Resources round-up: Thor, Patagonia Gold, Amerisur ...
30th May 2012 12:37
Oil and gas producer Amerisur Resources has logged, cased and cemented the Platanillo-3 well in Colombia, the first of a six-well drill programme. Testing equipment has been mobilised and will shortly begin production tests. The reservoir sections encountered in the well are currently being studied
Read moreResource round-up: President Petroleum, Thor Mining, Afferro Mining
28th May 2012 10:05
President Petroleum fell 3.4% on Monday after it delayed the period in which it expects to hit initial production targets at its Dos Puntitas Field until the first quarter of 2013. The company said it expected to realise the full value of the Argentinian concession following execution of its work
Read moreResource round-up: Thor Mining, ECR Minerals, Jupiter Energy
27th Apr 2012 14:33
Thor Mining has said that the deasibility study for the Molyhil tungsten and molybdenum project in Australia's Northern Territory is progressing but there 'remains a substantial amount of due process and procedural work to be completed'. The report is consequently now not due before June 2012. ECR
Read moreResources round-up: Wasabi, Thor, Condor, Shanta
4th Apr 2012 13:10
Wasbi Energy's wholly owned subsidiary Imparator Enerji has made significant progress in Turkey, following sustained growth in the country's economy and the corresponding increase in energy demand. The situation has enabled Wasabi to implement its Kalina Cycle power generation technology as it explo
Read moreResources round-up: Kea, Arian, Thor Mining...
12th Mar 2012 11:22
Kea Petroleum's drilling programme in the Taranaki basin of New Zealand has been delayed due to extreme weather conditions in the region. The programme to drill Mauku, which as previously advised requires challenging access and site preparations, is the worst affected area. The intention was to begi
Read moreResources round-up: Red Emperor, Wolf Minerals, Oilex...
5th Mar 2012 14:59
Oilex surged on Monday after reporting that operations at the Cambay-76H horizontal well, onshore Gujarat, India, to retrieve the stuck milling assembly and coiled tubing have been successfully concluded with the entire assembly now having been recovered at surface. The well is currently being prepa
Read moreSmall caps round-up: Aer Lingus, Gold Oil, IndigoVision...
30th Jan 2012 08:49
Airline Aer Lingus has confirmed that it is in talks with parties involved with the firm's pension scheme, which is said to be 400 million euros short, equivalent to $525m. The Irish Airlines Superannuation Scheme (IASS) is holding thetaljks with trade unions and Dublin Airport Authority and its uni
Read moreThor Mining says gold project much bigger than thought
20th Dec 2011 10:48
Shares in Thor Mining jumped 10% after the firm said recent drilling indicates that its Spring Hill gold project in Australia is considerably bigger than it originally estimated. Economic mineralisation is potentially as much as 100 metres below historical resource drilling with good correlation b
Read moreThor Mining non-executive director resigns
19th Aug 2011 16:20
Thor Mining's Norm Gardner has resigned from his position as a non-executive director of the Australia-focused exploration company with immediate effect. The reason for Gardner's resignation is attributed to his wish to focus his time on Western Desert Resources, where he is managing director. Th
Read moreSmall caps round-up: Arian Silver, Central Asia, Thor
21st Feb 2011 11:06
Arian Silver has uncovered the widest intersections of economic grade silver mineralisation so far at its 100%-owned San Jose Property in Zacatecas State, Mexico. The results from the first two holes in the Guanajuatillo area along the San Jose Vein comes as the group completes 24 holes of its phas
Read moreLondon close: Shares end week on a high
21st Jan 2011 16:59
London's leading share index went into the weekend on a high after falls the previous two days. Royal Bank of Scotland led the top share index higher after the FT reported that bank executives and officials at the Treasury are talking about ways for the bank to exit the toxic asset scheme. After
Read moreLondon afternoon: Miners lead revival
21st Jan 2011 14:35
After yesterday's triple-digit fall the Footsie has clawed back around half of those losses, helped by a strong performance from miners. Weather conditions in Australia have improved enough to allow Rio Tinto to end the force majeure event that's disrupted supplies of aluminium from Boyne Smelters
Read moreSmall caps round-up: African Eagle, Finsbury Food, Thor Mining
21st Jan 2011 12:08
African Eagle's £3.7m placing at 15.5p a share was oversubscribed by new and existing institutional shareholders, the company said Friday. Chairman Euan Worthington said the firm, which is pinning its hopes on the Dutwa nickel project in Tanzania, had enough cash to complete a pre-feasibility study
Read moreLondon close: US jobs data lifts sentiment
24th Nov 2010 16:44
Footsie put its early uncertainty behind it to close with good gains, helped by strong jobs figures from the US which cheered global markets following the jitteriness of the last couple of days. First-time jobless claims fell by a bigger than expected 34,000 to 407,000 in the week ended 20 November
Read moreLondon afternoon: Rolls celebrates another big order
24th Nov 2010 14:36
Barely a dozen or so FTSE 100 constituents are in the red today as the blue-chip index sets about clawing back some of the losses of the last two days, despite continued concerns about the Irish debt crisis and the military tensions in Korea. Better than expected jobs data from the US put investors
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