Amerisur Resources (LSE:AMER) was down 16.2pc to 12.7p in midday trading today after announcing that its Platanillo-1 well had failed to find any hydrocarbons in the N sands at its Platanillo block in Colombia. With the N sands making up less than 10pc of the total resources targeted in Amerisur’s current work programme, CFO Nick…
Online trading platform CMC Markets (LSE:CMCX) sank by 12.3pc to 145p today as it issued a profit warning after being hit by low market volatility and regulatory changes over the summer. In a trading update for the 1 July to 25 September, the business said it had been impacted by a sustained period of low market…
Anglo African Oil & Gas (LSE:AAOG) sat at 9.2p this morning after revealing progress towards re-spudding its prospective TLP-103 well in the Congo following a delay earlier this month that damaged investor sentiment. The firm, which is now sitting above its recent 8p placing price with a £15m market cap, said it has constructed an extended pad…
After its foundations were shaken in Q1 by the collapse of Carillion, construction industry supplier Alumasc (LSE:ALU) has seen its shares build back up to 141p since the release of its 2018 results last week. Investors responded well to the firm’s decision to hike its dividend, reflecting its belief that it will now be able…
The share price of Petro Matad (LSE: MATD) fell over 20% this morning after it announced disappointing results from its Snow Leopard-1 well. The company reported that no sands were encountered at the shallower of the two primary targets of the well and therefore it will be abandoned. The well is the first oil exploration…
Potash firm Emmerson (LSE:EML) rose to 3p yesterday after revealing that the cost of mine access at its flagship Khemisset project in Morocco is expected to be c.95pc cheaper than that of many of its peers. Here, chief executive Hayden Locke talks ValueTheMarkets through the significance of this lower budget and how it can allow Emmerson…