World

Board Changes Andalas Energy and Power Plc, the AIM listed investment company, has announced that Mr Paul Warwick, an existing non-Executive Director of ADL, has been appointed Chairman of the Board. Mr Warwick’s extensive industry experience, both globally and specifically in Indonesia, “makes him ideally placed to help drive the strategic vision of the Board […]

ADL signs heads of agreement to farm-in to Indonesian gas project Andalas Energy and Power has signed a non-binding heads of agreement to farm-in to the Technical Assistance Contract covering the Tuba Obi East oil and gas concession in Jambi province, Sumatra. The proposed transaction would constitute a reverse takeover within the meaning of the […]

Update on proposal for its Nigerian investment, placing and notice of GM Further to its announcement on 25 January 2016, MX Oil has issued an update in connection with the proposal it has received for its Nigerian investment in the proven Aje Field offshore Nigeria. The Directors believe a sale of its Nigerian investment is […]

Malaysian JV Plexus Products (Asia) Sdn Bhd Wins First £0.9M Well Order Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering has secured a purchase order with Talisman Malaysia Limited, which is a part of REPSOL Group (MC:REP), the integrated global […]

Study on Gonka Deposit and Taurus Extension Hummingbird Resources (AIM:HUM), has announced the results of a Desktop Study on the Gonka deposit, located 5km south of the proposed Yanfolila Gold Project plant in Mali, prepared for the Company by DRA Projects. Gonka is not currently included in the Yanfolila Definitive Feasibility Study and the results […]

Survey Results Confirm High Grade Ilmenite Mineralisation Extends into Shallow Marine Environment FinnAust Mining, the AIM listed exploration company with projects in Greenland, Finland and Austria, has announced results from the bathymetry (depth) and seismic profiling survey as well as the extensive sea floor sampling programme at the Pituffik Titanium Project in Greenland. The initial...

Apple stock (NASDAQ:AAPL) is in a major downtrend and this is a bias that is expected to continue, based on what is happening in the chart. The major downtrend started in December 2015, and it has held out till now. Although the market has consolidated so far this week, it is below the EMA 21 […]

Barclays shares (LSE:BARC) have been trending strongly downwards for several months and this is supposed to continue this year. A trend might last longer than what most people think, and as a result of this it is possible that the price would continue going south and south. The ADX period 14 is above the level […]

The USD/JPY dropped by roughly 500 pips last week, testing the demand level at 116.50. The massive drop was partly due to the perceived weakness in USD, and the bearish movement might continue this week, targeting the demand levels at 116.00 and 115.50. In view of this, long trades are not recommended until it is […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair was engaged in a smooth bullish run last week, moving upwards 420 pips before the bearish retracement that was seen on Friday (February 5, 2016). The bearish retracement could be taken as a sale in the context of an uptrend, for the […]