In today’s podcast, ValueTheMarkets talk with Burns Singh Tennent-Bhohi who was recently appointed a director of Canadian-listed Forum Energy Metals (TSX-V:FMC). Historically the company has been focused on uranium assets which it still holds, but last year Forum made two acquisitions, one copper project and one cobalt. Tennent-Bhohi explains the company’s strategy of diversifying into…
Shares in i3 Energy (LSE:I3E) rose 2.1pc to 40.3p on Friday morning after the business announced progress in the drilling programme for its flagship Greater Liberator asset in the North Sea. The firm said it has contracted Gardline Limited to conduct a site survey for its 2019/2020 programme plus the pipeline route for its Liberator…
Oil producer EnQuest (LSE:ENQ) jumped 15pc to 20.5p on Thursday after releasing its full-year results. The company reported revenues of $1.2bn in 2018, almost doubling the $635.2m generated in the previous year. This was a result of strong production growth and an increase in oil prices. The firm produced an average of 55,447 barrels of…
Ophir Energy (LSE:OPHR) rose 2pc to 57.1p on Thursday morning after receiving an increased recommended final cash offer from Medco. Back in January, the business accepted Medco Energi Global’s takeover offer of 55p a share, which valued it at £390.6m. This itself was an improvement of Medco’s previous proposal of 48.5p per share, which Ophir…
Amerisur Resources (LSE:AMER) announced on Wednesday that it has decided to proceed with an option to acquire an additional 50pc interest in the Put-8 block in Colombia. The company will become sole owner and operator of the block after exercising its right of first refusal to buy the asset from Vetra Exploración y Producción Colombia SAS.…
Union Jack Oil (LSE:UJO) dipped 11.1pc to 0.08p on Wednesday after revealing a £1.75m placing to fund its progress following highly disappointing results at its Biscathorpe prospect in Lincolnshire last month. The oversubscribed placing, carried out at 0.075p a share, will be used to advance the business’s wider activities after the drilling of its West…