He heads four listed exploration companies exploring for diamonds, gold and zinc, and has been struggling to raise money for six years. He can’t see any upturn in the demand for minerals in the near future.
Traditionally, commodity markets — particularly for oil — have crashed and then recovered in a typically V-shaped pattern, he said. Teeling doesn’t believe that will happen on this occasion.
“Instead of a V, this could be a dinner plate,” he said. “A dinner plate with a very long bottom, which will destroy us all.”
Petrel Resources (LON:PET) and Clontarf Energy (LON:CLON) which together own 90% of Pan Andean. Oct 15, 2015 http://goo.gl/JkXdve Jubilee Oild Field Ghana has successfully recorded 25 new oil discoveries within its off-shore maritime boundary, since the historic 2007 oil find by Kosmos Energy. The 25 new discoveries are located around the region where Jubilee oil and gas production is ongoing. The blocks that led to the discovery are Shallow Tano operated by Interoil, Deep Water Tano which is operated by
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