LSE Market News

India-focused gold miner Kolar Gold (LSE:KGLD) Limited said Wednesday their JORC-compliant gold resource more than trebled, following a completion of an 8,000-metre drill programme in the South Kolar licence area. In a statement released to the public and the financial authorities, the new resource estimate now stands at 195,000 ounces of gold at an average […]

Whilst the share price of  Proximagen Group (LSE:PRX) has hovered around the 140.00p region for three years, since March of this year the charted increase in share price looks like the launch of a space shuttle. Following today’s release of interim results and the pending acquisition of the company by US pharmaceutical company Upsher-Smith Laboratories (USL), […]

Independent oil explorer and producer Nautical Petroleum plc (LSE:NPE) topped the London trading board early Wednesday, following an offer made by Cairn Energy plc to acquire the company for £414 million. Shares of Nautical Petroleum jumped by more than half its value on 12th June 2012 to £4.62 a share by 9:00 GMT, 12 pence […]

Newly listed oil and gas exploration company Fastnet Oil & Gas plc (LSE:FAST) has secured licencing options to explore nine blocks in the North and South Celtic Sea off of Ireland, which may hold more than two billion barrels of oil in aggregate, the company released in a statement. Ireland’s Department of Communications, Energy, and […]

Regional airline Flybe Group plc (LSE:FLYB) said the company’s resilience against the “challenging operating environment” enabled it to weather the storm only slightly scathed, as they finished the 2011-2012 fiscal year with a £6.2 million pre-tax loss. The UK’s leading domestic carrier, with 28% market share, cited a declining market coupled with high fuel costs and increased taxation...

How steep is a 61% slope? The chart for Thalassa Holdings (LSE:THAL) shows you how steep a slope it is, following the announcement this morning of a new joint venture and the release of a related trading update, as the share price had soared by 18.00p to 47.50p by early afternoon. The Joint Venture Thalassa has entered […]

Gold and copper explorer Triple Plate Junction plc (LSE:TPJ) disclosed Monday that their partner Newmont Ventures Limited decided to suspend drilling operations at the Morobe project in Papua New Guinea for six months, following a failure in discovering any significant deposit from its second exploration target. Gumots, one of the 15 prospective drill targets in […]

Range Resources Limited (LSE:RRL) has commenced preparations for the sale of its interest North Chapman Ranch Project in Texas, United States, following a reclassification that saw an increase in proven and probable reserves of the hydrocarbon acreage. The Australia-incorporated oil and gas exploration and production company hopes to dispose its 20%-25% interest in the North Chapman Ranch...

Argentina energy sector focused Andes Energia (LSE:AEN) plc announced today, it has secured 100% interests in four hydrocarbon licences in Argentina and one in Paraguay, boosting the companies 2P reserves and risked and unrisked prospective resources. Acquisition Details In a statement released to the public today, the power distributor and oil and gas explorer and […]

Ultra Electronics Holdings (LSE:ULE) shares dipped, then recovered today as the defence firm announced its latest in a recent series of acquisitions. After dropping several percentage points in the morning, the price per share had gained 14.00 pence to 1,689.00p by mid-afternoon. The company has exhibited strong growth in share price over the past five […]