LSE Market News

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 […]

Noricum Gold (LSE:NMG), an Austrian focused gold exploration and development company, has announced further significant gold and silver mineralisation from its 2013 underground drill programme at the previously producing mine target located within the Company’s 100% owned Rotgulden Gold and Precious Metals Project. Highlights: · Further high grade gold and silver results returned from on-going...

Will this stock make you a Mill-ionaire? DekelOil Public Limited (LSE:DKL) , operator and 51% owner of an established vertically integrated palm oil project in Côte d’Ivoire, has strated the construction of its 60 t/hr Crude Palm Oil (‘CPO’) extraction mill by Modipalm Engineering SDN BHD (‘Modipalm’), the leading Malaysian engineering company is progressing well. […]

Make no mistake about it, I am a fan of Fastjet (LSE:FJET).  I have been watching Fastjet work through its growing pains (See “Fastjet on Fast Track,” “Fastjet Cleared for Takeoff,” and “Fastjet Story Still Fascinating“).  After months of preparation, a myriad of red tape, and scores of setbacks, Fastjet flew its first international flight […]

Fitbug Holdings (LSE:FITB),an AIM traded provider of online personal health and well-being services, has announced details about the commercial launch of ‘Fitbug Orb’, an “innovative, Bluetooth Smart, wireless activity and sleep tracker”. With a unique choice of wear options and colours the company argues that “Fitbug’s proprietary digital health coaching service, “KiK”, at a...

AOLERG? Africa Oilfield Logistics (LSE:AOL), an AIM listed African focused support services and logistics company, announced that its 49% owned subsidiary, Ardan Risk & Support Services (‘Ardan’), has acquired a 20% interest in Energy Resources Group Africa Limited (‘ERG’), a specialist provider of professional onshore and offshore safety, survival and emergency response training...

BP (LSE:BP.) has Richard Herbert appointed as its new head of exploration. Mr Herbert will succeed Mike Daly who has chosen to retire from BP at the end of 2013 after a career of 28 years with the company, eight leading BP’s exploration function. Mr Herbert will rejoin BP from Talisman Energy where he has […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, This was the week that US politicians finally saw the error of their ways and pulled their country back from the brink of debt default, albeit by delaying the inevitable for just a few months meaning we’re likely to […]

I was browsing through the financial headlines this morning, when two in particular caught my eye, reminding me of the lengths to which are all inclined to go to find a reasonable explanation for things that have happened although we rarely understand the cause of the effect.  This happens because we tend to believe that […]

Nyota Minerals Limited (LSE:NYO), a gold exploration and development company in East Africa, has announced that it has concluded the strategic review, which commenced in May 2013, with the signing of two agreements with a new development partner (“Partner”) for the Tulu Kapi Gold Project in Ethiopia (“Tulu Kapi”). The two agreements are (i) a […]