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TXO sends out letter on capital reorganisation

TXO, the energy resource and clean technology investment company, has sent a letter to shareholders on the proposed capital reorganisation. The letter says: “We are conscious that, subject to the resolutions regarding the share capital reorganisation being passed, your current shareholding may become a fractional entitlement. This will arise from the consolidation of shares being […]

Mining Sector: Rio Tinto down despite reporting increases in reserves

Rio Tinto’s (LON:RIO) shares were down in late trading despite reporting increases in Diavik ore reserves, Hail Creek coal reserves and Pilbara ore reserves and mineral resources. Mineral resource at the Pilbara project in Western Australia rose mostly due to the addition of the Yandicoogina braid deposit. That led to subsidiary Hamersley Iron Brockman booking […]

Severn Trent buys back shares

Severn Trent bought back 28,482 ordinary shares yesterday at £20.3835 apiece for cancellation. At 3:44pm: (LON:SVT) Severn Trent PLC share price was -6.5p at 2040.5p Story provided by StockMarketWire.com

TXO reports value of its stake in OTR

TXO, the AIM-quoted energy resource and clean technology investment company, has announced that Anatom Panama Investment has purchased a 3% stake in Oil Tech Royalties (“OTR”) for €300,000. This values TXO’s 30% shareholding in OTR at €3m (equivalent to approximately 0.16p per existing TXO ordinary share). TXO acquired its 30% interest in OTR for US$74,250 […]

TXO reports value of its stake in OTR

TXO, the AIM-quoted energy resource and clean technology investment company, has announced that Anatom Panama Investment has purchased a 3% stake in Oil Tech Royalties (“OTR”) for €300,000. This values TXO’s 30% shareholding in OTR at €3m (equivalent to approximately 0.16p per existing TXO ordinary share). TXO acquired its 30% interest in OTR for US$74,250 […]

BP finalises deal for $12bn Egypt gas project

BP has signed the final agreements of the West Nile Delta project to develop 5 trillion cubic feet (tcf) of gas resources and 55 million barrels (mmbbls) of condensates with an estimated investment of around $12bn by BP and its partner. The project underlines BP’s commitment to the Egyptian market and is a vote of […]

CoAL issues 200,000 shares to long term employees

Coal of Africa Limited has issued a total of 200,000 ordinary shares to three long term employees in accordance with an award by the remuneration committee in 2011. At 9:47am: (LON:CZA) Coal of Africa Ltd share price was -0.12p at 1.38p Story provided by StockMarketWire.com

The assets to buy now – March 2015

Asset allocation is at least as important as individual share selection. So where should you be putting your money? Here’s March’s take on the major asset classes.

Rockhopper says 14/15-5 well spudded

Rockhopper Exploration said the 14/15-5 well was spudded, by Premier Oil as operator, on 6 March 2015. The well is located on licence PL004b in which Rockhopper has a 24% working interest and is an exploration well on the Zebedee prospect. The Zebedee well will test a total of seven stacked fan bodies with varying […]

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6 March 1899: Bayer trademarks Aspirin

Chemical company Bayer was awarded a patent for its pain-relieving acetylsalicylic acid powder, or 'Aspirin', on this day in 1899. It would soon be released in tablet form.