Kenneth G. Mondero

BP will Pay Compensatory Damages Rules US Judge

Jan 27 2012 @ 11:12
BP (LSE:BP.) will have to shoulder compensatory damages claimed by third parties against its’ contractor, Transocean, in relation to the 2010 oil spill incident on the Gulf of Mexico. Judge Carl Barbier of the US District Court in New Orleans ruled yesterday in a 30-page document, that BP is to indemnify Transocean for their part […]

HSBC: Under Investigation for Money Laundering

Jan 26 2012 @ 09:49
HSBC (LSE:HSBA) has confirmed an investigation has been launched by the US regulators on possible breaches in the Anti-Money Laundering and Bank Secrecy Acts. Spokersperson for HSBC, Robert Shermann, stated the US division of the UK-based bank is having ongoing discussions with officials on a number of regulatory and compliance matters. “The nature of these […]

Apple continues to grow at $46 Billion Record Breaking Revenues

Jan 25 2012 @ 11:02
A staggering US$46.3 billion worth of Apple products beat every market estimates on Wall Street as they reported their first quarter results for its’ 2012 fiscal year on Tuesday, 24 January 2012. A US$13.06 billion chunk of net profit in 14 weeks puts Steve Jobs legacy as one of the highest quarterly profits on record, […]

Pan African EPS Up 83% in Six Months

Jan 25 2012 @ 10:43
Shares of gold explorer and producer Pan African Resources (LSE:PAF) are trading 8.1% higher than yesterday’s close to 16.75 pence after the company released Wednesday its earnings per share (EPS) topped 83% more than last year’s 0.55 pence for the six month period ending 31 December 2011. Headline earnings per share reached 93% higher than the previous […]

Pinnacle Telecom Wins Bid to Wire BBC for 2012 Olympics

Jan 24 2012 @ 10:30
In a bid to cover the most anticipated event of the year, Pinnacle Telecom (LSE:PINN) has secured the contract to provide BBC International and its’ world media partners with data, connectivity, and voice services for the worldwide broadcast coverage of the 2012 London Olympics. With an audience of four billion expected to follow the event, […]

Goldplat Targets a Million Ounces of Gold Resources

Jan 23 2012 @ 10:53
Goldplat plc (LSE:GDP), an AIM-listed gold producing and exploration company, released operational updates today reflecting positive developments in its’ mining projects and processing plants in Africa. Speaking on behalf of the company, CEO Demetri Manolis expects to increase the total mining resource from three mining projects to be “in excess of 1 million ounces of […]

Cove Energy: BP Joins Bidding

Jan 23 2012 @ 06:34
Independent oil exploration company Cove Energy (LSE:COV) has received bidding from BP for a possible takeover. Neither company has released any statements regarding the news. BP is the latest addition to the growing number of companies reported to be interested in acquiring Cove Energy since it opened itself up for a bid on 5 January […]

Google Hits take a Dip

Jan 20 2012 @ 10:20
Internet search engine giant Google Inc. (NASDAQ:GOOG) saw its shares dipped to as low as $575 a share in after-hours trading as fourth quarter report for 2011 fell short of analyst expectations. Google posted a 25% increase compared to the same period in 2010 to US$8.13 billion revenues, below the average analysts forecast of US$8.41 […]

President Petroleum Taps 50 Million Barrels of Oil

Jan 19 2012 @ 08:48
AIM-listed President Petroleum (LSE:PPC) released a statement today estimating 50 million barrels of oil that was not previously accounted for has been discovered at the Pozo Escondido Field in Argentina. Previous figures at PE field indicated that there were only 20 million barrels of cretaceous stacked oil in place. The PEE-1001 well in the Pozo […]

Tullow Oil expects 2012 to outperform a strong 2011

Jan 18 2012 @ 11:03
Tullow Oil (LSE:TLW) is off to a good start in 2012, a position which has been accentuated by the strong financial position held in 2011, combined with new discoveries and partnerships. The Group is expecting their sales revenue to approach US$2.3 billion, more than twice its 2010 performance backed by “increased production and strong commodity […]
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