LSE Market News

In the highly speculative business of oil and gas exploration, Enegi Oil plc (LSE:ENEG) bets on the prospectivity of its Irish asset, which may contain shale gas. In a statement today, the independent explorer said the shale discovered from its acreage in County Clare, west of Ireland came from a “rich source rock” containing an […]

Zanaga Iron Ore Company Ltd. (LSE:ZIOC) is poised to become a “very significant iron ore producer” having one of the largest iron ore resources in Africa. That is according to the miner’s Non-Executive Chairman, Clifford Elphick, following the release of a revised resource estimate of its deposit from the Zanaga Iron Ore Project in Congo […]

Upstream oil and gas firm Lochard Energy Group plc (LSE:LHD) is putting itself up for sale as well as considering a merger, the company said today alongside the release of its unaudited full year results. The decision was made after discussions with several parties for a farm out deal for its Thunderball and Moby oil […]

Talvivaara Mining Company (LSE:TALV) assured its shareholders the company has enough cash to support its operation for the rest of the year and its employees are not endangered of losing their jobs. The base metals miner made the statement today, in response to “recent  publicly reported claims regarding the development of the Company’s cash position  […]

AIM newcomer Eland Oil and Gas (LSE:ELA) floated its new shares today, opening at 100 pence.  The price was 110.00 during the noon hour on a volume of 2,081,196 shares after having reached as much as 115.00 during morning trading. Ready to Go after IPO Expecting to raise some £118 million based on the placing […]

ADVFN plc (LSE:AFN) released a new application for iPhone and iPad users who will be able to access all the necessary information needed to be able to perform trading on the go. This new trading tool for Apple users was released three months after the Android version was created with the same objective. The application, […]

High hopes are being placed on mineral resources explorer Beowulf Mining plc (LSE:BEM) with the release of assay results from its iron ore project in Sweden. Shares soared 10.5% in early morning trading today and settled at 10.25 pence by 12:00 PM GMT, after the Sweden-focussed “guardian of treasure” said significant high-grade iron mineralisation reaching […]

Exillon Energy plc (LSE:EXI) blames non-cash foreign exchange gains and write-offs from its assets that resulted in a negative bottom line for the first six months ending on 30th June 2012. The Russian-focussed independent oil producer said it was not able to earn foreign exchange gains as it did in 2011 and had to deduct […]

I noted here the other day that I had grave reservations about whether the Darwin condensate discovery made by AIM listed Falklands oil explorer Borders & Southern (LSE:BOR) was indeed quite the company maker that some folks thought it was. The shares were, at that stage 32.5p. Today they are 24.25p. Apparently there is bad […]

As of today, JJB Sports is for sale – and not just the products on display. The British sports retailer decided to put itself up for sale after the Directors realised money is hard to come by, especially to a company whose business is continuing to take the hits of “poor macroeconomic environment”. Earlier on, […]