LSE Market News

How was it possible for one miner to produce more gold at a higher price and yet report a 90% dilution of profit? That must have been the question in every Petropavlovsk plc’s (LSE:POG) shareholder’s mind right now after reading the half year results released today. All 286,074 ounces of gold sold at a price […]

Quadrise Fuels International (LSE:QFI) has been having quite a week.  Today hasn’t been so bad either.  At 9:00 am its share price had skyrocketed by 72.5% over yesterday’s close of 5.88 pence, and 113.6% over one week ago, when it was trading at 4.75 pence.  Having reached 10.145 pence, it tapered off to 8.89 pence […]

Red Emperor Resources NL (LSE:RMP) (ASX:RMP) requested to halt trading of its shares on the Alternative Investment Market today, prior to the release of the latest update of the exploration activities from its Shabeel North well in Puntland, Somalia. The move, nonetheless, did not shake rumours of an impending doom amongst investors but rather sparked […]

Independent oil & gas company, Afren plc (LSE:AFR), released its results for the first six months of 2012 much to the delight of its shareholders.  Although shares had risen only slightly by the end of the noon hour, the next few days ought to continue to bring a positive response to such a strong report. […]

Genel Energy plc (LSE:GENL) continues to secure its position as the biggest oil and gas producer in the autonomous region of Kurdistan, in Iraq, and has recently signed a deal taking a further 26% interest in another oil field in the said region. In a statement announced today, the London-listed firm said it signed a […]

The long wait is over. Shanta Gold Limited (LSE:SHG) is finally on its way to produce between 13,000 and 17,500 ounces of gold from its New Luika Gold mine in Tanzania by the fourth quarter of 2012, the company said today. Shares of the Shanta Gold, trading on the Alternative Investment Market, gained 11.4% to […]

The share price of Royal Dutch Shell (LSE:RDSA) moved modestly downward today, perhaps in response the company’s announcement that of its “swap” of natural gas assets with Chevron in Western Australia.  Shell opened the day at 2,259 and declined steadily to 2.238 by 1:00 pm. Summary of the Swap In the simplest of terms, according […]

AIM-quoted Jubilant Energy N.V. (LSE:JUB) has concluded its’ Phase III drilling programme in India, after successfully testing the last of the seven wells at its only producing Kharsang field, the company said today. KHG-64, the seventh well, is now flowing at a rate of 226 barrels of oil per day (bopd) after reaching a depth […]

The conflict at the Lonmin (LSE:LMI) Marikana platinum mine is nearing epic proportions.  Lonmin share price fell by 8% as the market opened, but staged a modest comeback to 636.00, down a more marginal 1.85% (12.00 pence) by early afternoon as investors try to cope with the increasing violence. How Bad Is The Violence? So […]

AIM-quoted companies, Irish oil and gas firm Petroceltic International plc (LSE:PCI) and Scotland-based Melrose Resources plc (LSE:MRS) agreed to a merger to create a “regionally focussed independent oil and gas company”, the two companies disclosed today. Merger talks, which caught some investors by surprise, had been in place since February 2012, following a confidentiality agreement […]