Since ValueTheMarkets.com last spoke to President Energy (LSE:PPC), the firm launched itself headfirst into an accelerated work programme at Puesto Flores/Estancia Vieja, one of its key assets in Argentina. The oil & gas business decided to accelerate work following its successful four-well workover programme at Puesto Flores and the successful reactivation of a live gas…
Shares in Union Jack Oil (LSE:UJO) shot up today after the UK government announced a host of measures aimed at supporting the development of Britain’s shale gas industry. Shares were up 8.3pc, or 0.01p, to 0.12p as investors hoped the change in the government’s tone would have a positive impact on the development of Union…
Today saw Nick Von Schirnding, chairman of Arc Minerals (LSE:ARCM), update investors on progress since he joined the business as part of its strategic shift towards African exploration in September last year. Primarily, Von Schirnding used the conference call as an opportunity to provide further information about Arc’s acquisition of a large stake in the…
Mining investment business Metal Tiger (LSE:MTR) has seen its shares drift down to 2.15p since the beginning of 2018, despite reporting steady progress at its 30pc-owned joint venture (JV) in Botswana. Following a successful pre-feasibility study (PFS) at the open pit of the JV’s T3 prospect, a detailed feasibility study will now be carried out…
Touchstone Exploration (LSE:TXP) reveals it is within touching distance of achieving a current production level of 1800bopd in an operational and drilling update this morning. Earlier this year Touchstone announced it had become profitable at PLC level, generating free funds from operations of $3.1m during 2017 – based on average production of 1375bopd for the…
Furious clients of collapsed UK stockbroker Beaufort Securities clashed with liquidator PwC in a meeting on Thursday, laughing when the firm claimed ‘our reputation is more important than our fee’. Hundreds of people convened in London to vote on PwC’s proposals to use up to £100m of client fees to wind down the former broker,…