Anglo Asian Mining (LSE:AAZ) has seen its shares soar to 48.9p over the last year, as it has cut liabilities and optimised mining and production across its portfolio of operations in Azerbaijan. With the business forecasting a significant jump in 2018 production and recently having refinanced its remaining debt, all eyes are now on its…
Nu-Oil & Gas (LSE:NUOG) inched up today after announcing a proposed farm-in agreement that will see the drilling of a new well at its vast production lease in Canada. After a steep rise in early trading, Nu-Oil was up 1pc, or 0.01p, to 1.11p by midday after entering into non-binding heads of terms with PVF…
Last night saw Matt Lofgran, chief executive of Nostra Terra Oil & Gas (LSE:NTOG), update shareholders and investors on the company’s progress in an exclusive online presentation and Q&A session, hosted by ValueTheMarkets.com. The event, recorded and viewable below, follows Nostra’s operational update earlier this week. On Tuesday, Nostra reported that total revenues across its US…
Last summer, Nostra Terra Oil & Gas (LSE:NTOG) launched an unsuccessful attempt to save Magnolia Petroleum (LSE:MAGP) from its grasping board of directors. Nostra’s attempt to rescue the company was scuppered when Magnolia’s CEO, Rita Whittington, gave away nearly 30% of the business to Western Energy Development (WED). The deal made absolutely no sense financially…
Exploration and mining firm Arc Minerals (LSE:ARCM) has secured a major investment from Scottish businesswoman Ann Gloag OBE, founder of international transport company Stagecoach Group. Gloag has acquired a 3pc stake in Arc worth nearly £500,000 at its current share price. With an estimated net worth of £1bn, Gloag – also a well-known philanthropist- is…
The reintroduction of US sanctions on Iran dealt another blow to Serica Energy (LSE:SQZ) today, but recent share price weakness could potentially be creating an exciting buying opportunity for the firm. Shares fell 3.6pc, or 2.6p, to 67.8p after the business announced the delay of work at the Rhum field in the North Sea due…