Botswana-focused Metal Tiger (LSE:MTR) rose 2.6pc to 2.9p today after selling off its 30pc interest in the T3 Copper Project to joint venture (JV) partner MOD Resources as it looks to shift its focus onto exploration. In return for selling its stake in T3, Metal Tiger will receive MOD shares and three-year options worth a…
Today saw Azerbaijan-focused Anglo Asian Mining (LSE:AAZ) reveal that it cut its debts and increased gold production by nearly a quarter in the first half 2018, sending shares 10.4pc higher to 49.7p. The business reported that production from its Gedabek contract area came in at 37,349 gold equivalent ounces (GEOs) over the period, up from…
Shares in Genel Energy (LSE:GENL) were trading flat at 266p today despite the firm revealing a two-thirds increase in production at its Peshkabir field in Kurdistan following a critical well-test programme. As a result of the competition of a well testing program at Peshkabir-4, production at Peshkabir, located on Genel’s 25pc-owned Tawke production sharing contract,…
A Teathers App Case Study On 26 June 2017, Touchstone Exploration (LSE:TXP) completed a dual-listing on London’s AIM market at 7.25p a share, giving it a market cap of £6m. As part of this, the rm completed a fully subscribed £83,500 Live Market Bookbuild via the Teathers App. This allocation was part of a private…
Investors in oil and gas firm Pantheon Resources (LSE:PANR) enjoyed a welcome change of pace today after the announcement of a strategic review sent shares 2.3pc higher to 18.5p. The firm said it is in discussions to acquire some or all of Vision Resources’ working interest positions in its jointly-leased Tyler and Polk Country project…
Metal Tiger (LSE:MTR) edged up 0.4pc to 3p today after reporting a 13pc rise in indicated contained copper at a site on its 30pc-owned joint venture with MOD Resources in Botswana’s Kalahari Copper Belt. A re-classified mineral resource estimate found that the JV’s T3 Prospect now contains 417Kt copper and 18.6Moz silver (0.4pc cut-off) in…