LSE Market News

BP (LSE:BP) (NYSE:BP) has opened a new facility in Houston to house the world’s largest supercomputer for commercial research. The Center for High-Performance Computing, located at BP’s US headquarters in Houston, will serve as a worldwide hub for processing and managing huge amounts of geophysical data from across BP’s portfolio and be a key tool […]

Wishbone Gold (LSE:WSBN), an exploration company focussed on precious metals, has issued an extensive set of results for its on-going exploration programme on the 100% owned 6,300 hectare Wishbone II tenement in Queensland, Australia, which has identified new gold and polymetallic mineralisation within the licence area. Highlights. Hanging Valley Prospect Area: – Latest results...

If you follow this column on even a semi-regular basis, you know that I stand on the axiom that “cause and effect are not necessarily closely related in time and space.”  Were it not for the single word “necessarily,” Shire Plc (LSE:SHP) would have resoundingly proven me wrong today.  Shire released it Q3 financials at […]

Europa Oil & Gas (LSE:EOG), the AIM listed oil and gas exploration and development company with a combination of producing and exploration assets in Europe, has reported the completion of a 1,500 sq km 3-D seismic acquisition programme on Frontier Exploration Licences (‘FELs’) 2/13 and 3/13 in the South Porcupine Basin, offshore Ireland. Kosmos Energy […]

Oh, Savannah. Savannah Resources (LSE:SAV), an AIM listed exploration company, has announced that it has raised £496,313 (before expenses) through the placing of 18,047,748 new ordinary shares at a placing price of 2.75p per ordinary share. N+1 Singer acted as broker to the Placing, which was oversubscribed and featured both new and existing investors. Overview: […]

In the early days following the birth of his company, a CEO friend of mine who demanded a minimum 15% sales increase  year-on-year during each period, paradoxically warned his staff to maintain a low profile because “The higher you raise your flag, the more people there are who will shoot at it.”  Nick Robertson, CEO of […]

Plexus Holdings (LSE:POS), an AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP method of wellhead engineering, had released preliminary results for the year ending 30 June 2013. Results: · Record revenue, EBITDA, profit before tax and profit after tax · 29.7% increase in revenue to £25.57m (2012: £19.71m) · […]

Ariana Resources (LSE:AAU) , has provided a further update on its recent exploration programme across the Red Rabbit Joint Venture project area in Western Turkey, following on from initial results announced on the 23 September 2013. Highlights: -Ten new drill-ready targets defined on well-mineralised veins (rock-chip values typically exceeding 5 g/t Au) at the Kiziltepe […]

I love it when there are compelling reasons to invest in a company.  Yesterday I wrote about Fastjet (LSE:FJET).  The compelling reason to invest in Fastjet is its strategic objective to become the low-cost airline of choice in Africa.  Having now established its first international flight, it is poised to succeed.  Likewise, there are compelling […]

Magnolia Petroleum (LSE:MAGP),an AIM quoted US onshore focused oil and gas exploration and production company, has announced it has secured a US$5 million three year Credit Facility). Combined with the Company’s fast growing revenues from production, which as at 1 August 2013 stood at 214 boepd, the Credit Facility will provide funding for future drilling […]