Oil and gas company Phoenix Global Resources (LSE:PGR) was formed last August from a reverse takeover involving AIM-listed Andes Energia and Petrolera El Trébol S.A (PETSA). Phoenix aims to become one of Argentina’s leading E&P firms, launching a whopping $190m accelerated business plan last month to appraise its unconventional acreage while increasing existing production. We…
Harvest Minerals (LSE:HMI) has announced that a delay in the Brazilian registration of its natural fertiliser KPfértil is not impacting sales of the product. Harvest announced that it has submitted all the requested information to Brazil’s Ministry of Agriculture (MAPA) to register KPfértil as a remineraliser and is awaiting confirmation of approval. MAPA is expected…
North Africa-focused oil and gas firm SDX Energy (LSE:SDX) has announced its second gas discovery in just over a week, this time at its permit in Morocco. The business has assigned its LNB-1 exploration well on its 75pc-owned Lalla Minouna permit a mid-case preliminary recoverable gas volume of 10.2Bscf conventional natural gas and 55,000 barrels…
Eco Atlantic Oil & Gas (LSE:ECO) told investors today that 3D seismic has revealed expanded resource targets at its Orinduik Block, an encouraging sign for its option agreement on the area with major oil player Total. The company rose 5.8pc, or 1.8p, to 32.8p after reporting that the latest set of data on the 3D…
Gold firm Stratex (LSE:STI) shined today after one of its investment companies identified zones of mineralisation at a project in Djibouti. Shares were up by nearly a fifth to 0.8p following the news that Thani Stratex – in which Stratex owns a 30pc stake – had found broad zones of multi-gram gold mineralisation at its…
Shares in Echo Energy (LSE:ECHO) rose today after the oil & gas business told investors it had loaded its first export cargo of oil produced from its Fracción C and Fracción D fields in Argentina. Echo was up 4.3pc, or 0.7p, to 15.7p as at the time of writing after reporting that its shares of…