On 21st November 2017 Serica Energy (LSE:SQZ) announced it had agreed to acquire the North Sea offshore oil interests of BP, which includes the Bruce, Keith and Rhum (BKR) fields. Described by Serica’s directors as ‘transformational for the company’, the stock trebled in value within weeks of the news. In May, the company alerted the…
Avesoro resources (LSE:ASO) is up 4% today on news of a 29% increase in reserves at its Youga gold mine in Burkina Faso and also reported a 2 year extension to Life of Mine (LoM). The company’s share price has enjoyed a strong climb this year – peaking-out at 294p in April – but has…
Since placing at 8p earlier this month, the share price of Anglo African Oil & Gas (LSE:AAOG) has continued to climb. Anticipation is building ahead of its summer drilling activities in the Mengo and Djeno sands at its Tilapia field in the Republic of the Congo. Can the share price continue rising and what levels…
On 20 April 2017, Nostra Terra Oil & Gas (LSE:NTOG) completed a fully subscribed £260,000 Live Market Bookbuild via the Teathers App at 2p per share. This was part of a £500,000 placement into Nostra, in which participants also received 1 for 1 warrants exercisable at 3p per share for 12 months. In total, this…
This week Pembridge Resources (LSE:PERE) announced a major offtake agreement with a Japanese Trading House, ahead of the company returning to the market with its Minto Copper Project, in the Yukon. With Pembridge’s shares currently suspended pending completion of the Minto RTO and financing, investors are eagerly awaiting the outcome of this and finding out…
Crude Oil has retraced from highs of $73 per barrel hit last month and currently sits at $66.22. Weekly inventory storage figures have been mixed recently, as well as dampening news flow over the past few weeks. Add in profit-taking with a reduction in the unprecedented bullish positions, and a pullback was inevitable. However, with…