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Mining Sector: TSG gives Asacha mining and output update

Trans-Siberian Gold (LON:TSG) reports that mine development activities at Asacha in the first quarter of 2015 comprised about 1,152 metres, while ore extraction (including ore from stoping and mine development) amounted to 43,598 metric tonnes. Plant throughput averaged 13,233 tonnes per month (5.8% above planned 12,500 tonnes). * * * Sirius Minerals (LON:SXX) said an […]

Big oil’s bargain hunt

Shell’s £47bn bid for BG suggests the oil sector is set for another round of major deals. But investors should avoid getting carried away, says John Stepek.

FTSE rises on resources, utilities after Wall St dips

FTSE indices edged higher in early deals after limp falls on Wall St overnight, while Asian markets were mixed this morning. Several resources and utility stocks congregated at the top end of the blue-chip gainer’s ladder. BP (BP.) and Serco (SRP) were in the news. Shortly after the open, FTSE 100 was up 0.99 points, […]

TSG gives Asacha mining, output update

Trans-Siberian Gold reports that mine development activities at Asacha in the first quarter of 2015 comprised about 1,152 metres, while ore extraction (including ore from stoping and mine development) amounted to 43,598 metric tonnes. Plant throughput averaged 13,233 tonnes per month (5.8% above planned 12,500 tonnes). Story provided by StockMarketWire.com

RXP in subscription agreement to raise $20m

Roxi Petroleum has entered into a subscription agreement with Hong Kong-based BOCO (H.K.) Limited to raise $20m at above the current market price. Proceeds would be used to accelerate the development of Roxi’s flagship BNG asset. BOCO will subscribe for 75,585,790 new ordinary shares at a price of 18p each. This represents a premium of […]

Soco downgraded by Barclays

Barclays Capital has downgraded its recommendation on Soco International (LON:SIA) to ‘underweight’ from ‘equal weight’ on valuation grounds after revisiting its coverage of the European oil and gas sector. The broker said: “Our downgrade to Underweight reflects a relatively full valuation, with the stock trading ahead of our revised 186p/share Tangible NAV. “This follows a […]

Pennon raises £100.3m

Pennon Group has raised £100.3m, gross, following the successful placing of 2,084,337 million new ordinary shares at 40.7p each. At 1:02pm: (LON:PNN) Pennon Group PLC share price was -6.5p at 834.5p Story provided by StockMarketWire.com

Oilex gives Cambay Field reserves update

Oilex (OEX) said gross proved and probable reserves at the Cambay Field totalled 206 Bcf gas and 8.0 MMbbls of condensate. Gross unrisked contingent resources totalled 720 Bcf gas and 52.8 MMbbls of condensate. At 9:51am: (LON:OEX) Oilex Ltd share price was +0.38p at 3.88p Story provided by StockMarketWire.com

FTSE 100 hits record close on mining, oil stocks

FTSE 100 punched up to a fresh closing high in a session that saw hearty gains among miners on hopes of greater monetary stimulus from the People’s Bank of China, while oil stocks followed crude prices higher. Wall St opened firmer after a raft of economic data. FTSE 100 closed up 21.52 points, or 0.3%, […]

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