LSE Market News

Sable Mining Africa (LSE:SBLM) has confirmed the issuance of an export decree for the Nimba Iron Ore Project in south-west Guinea , by the Government of the Republic of Guinea, authorising the Company to export iron ore through Liberia to the Port of Buchanan. The decree, the first to be issued in Guinea, will, together […]

Plexus Holdings (LSE:POS), a oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has announced it has been awarded a contract for the supply of surface exploration wellhead equipment services, worth approximately £750,000 from Centrica Energi Norway. Under the terms of the contract, Plexus will supply its […]

Northcote Energy (LSE:NCT), a US oil and gas exploration and production company, is pleased to announce plans to drill its first horizontal well targeting the Mississippi Lime formation on its 100% owned Mathis lease prior to end of December 2013. In addition as part of the well planning process, the first two undeveloped locations on […]

Magnolia Petroleum (LSE:MAGP), a US focused oil and gas exploration and production company, has announced a quarterly update on its operations across proven and producing US onshore hydrocarbon formations, including the Bakken/Three Forks Sanish in North Dakota and Montana, and the Mississippi Lime and the Hunton/Woodford in Oklahoma. Quarter Highlights: Production as at 1 August […]

Noricum Gold (LSE:NMG), an Austrian focused gold exploration and development company, has announced that it has raised £2 million (before expenses) by way of an oversubscribed placing of 200,000,000 new ordinary shares of no par value in the capital of the compmay, with new and existing shareholders in the Company at a price of 1 […]

Alecto Minerals (LSE:ALO), an AIM listed African focussed multi-commodity exploration and development company, is pleased to announce that Mark Jones has been appointed to the Board as Chief Executive Officer with immediate effect. The appointment follows the passing of certain resolutions at a General Meeting of the company on the 2nd October as a result […]

Follows positive August results. Explorer-developer Premier African Minerals (LSE:PREM) has announced that it has amassed a multi-commodity suite of assets in Africa. In late August 2013, PREM released positive results from a Preliminary Economic Assessment (PEA) and concept mining study on the flagship RHA tungsten (WO3) project in Zimbabwe. The PEA envisaged a six-year operation […]

UK grocers Sainsbury (LSE:SBRY) and Tesco (LSE:TSCO) published their interim results this morning.  The overall news for Sainsbury was not so bad; for Tesco, not so much.  Nonetheless, the share price of both grocery chains placed a burden on the FTSE from which has spent the day trying to recover. Follow a good report, Sainsbury […]

Will Centrica profits start heating up as a result? Centrica (LSE:CNA) and Qatar Petroleum International (QPI) have completed a C$1 billion agreement with Suncor Energy to acquire a package of producing oil and natural gas assets in the Western Canadian Sedimentary Basin. The assets include proven and probable (2P) reserves estimated by the partners at […]

New World Oil and Gas (LSE:NEW), an oil and gas operating company focused on Denmark and Belize, is pleased to announce that it has secured an eight-month extension in work programme commitment deadlines for Licence 1/08 at its Danica Resources Project in Southern Denmark. This extension was discussed with Danica Resources ApS and the Danish […]