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Resource round-up: Frontera, Ariana, Copper Development, Gold Oil

Fri, 29th Jun 2012 11:36

Frontera Resources, the Georgia- (USA) focused oil company has reported falling revenues for full year 2011. Crude oil sales fell from 8.3m dollar in 2010 to 7.4m dollars in 2011. The company also completed a restructuring during the year resulting in a net loss of 119.9m dollars compared to 63.9m dollars in 2010. Earnings per share came in at 13 cents. By 11:50 the shares had fallen 15.3 per cent.Ariana Resources, the gold miner focused on Turkey had risen 2% by midday after one of its directors, Managing Director, Kerim Sener bought 300,000 shares in the firm. Sener now holds 1.71% of the stock.Copper Development (CDC), the exploration company focused on the Philippines, rose in morning trading after revealing a Joint venture agreement for 70% interest in its Basay project. The site has already yielded "long, high grade intersections" and has the potential to become a "world class" asset, according to the firm. CDC has now converted a debenture loan into a 70% stake.Gold Oil, an oil and natural gas explorer focused on South America, says there "can be no certainty" that it will complete a farm-in at its concession in Peru. The firm is also experiencing delays at its Azar block in Colombia. The stock was down 5.5% at 11:55.Sirius Petroleum nearly tripled pre-tax losses for the full year ended December 31st despite starting to generate revenue. Loss for the period came in at $9.30m compared to $3.86m the previous year. Basic losses per share rose to 1.35c (2010: 0.77c). During the year the firm generated revenues of $0.14m (2010: $0.0m). Despite the losses, the company remains positive regaring its joint venture links and continues to review potential marginal field opportunities currently held by oil majors and is confident that it will benefit from involvement in the Marginal Field bid round. BS/NR
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24 Jan 2019 17:19

Frontera Resources To Depart London's AIM Market On Friday (ALLISS)

LONDON (Alliance News) - Frontera Resources Corp on Thursday said its shares will leave London's AIM market and it will "continue to advance its work as a private company".The

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24 Dec 2018 09:00

Frontera Resources to appeal Cayman injunction rejection

(Sharecast News) - European-focused oil and gas outfit Frontera Resources has seen a Cayman Island grand court discharge its injunction against former director Stephen Hope and his Outrider Master Fund.

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12 Dec 2018 11:53

Frontera Resources Secures USD60 Million Loan For Georgia Activities

LONDON (Alliance News) - Frontera Resources Corp said Wednesday it signed a term sheet for a loan of up to USD60 million with a New York-based fund.The oil & gas exploration and company

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26 Nov 2018 13:24

Frontera Resources Moves Workover Rig To T-16 Well In Georgia

LONDON (Alliance News) - Frontera Resources Corp on Monday said it mobilized a workover rig to T-16 well, located in Taribani field area, onshore block 12 in Georgia.The European-focused it

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26 Nov 2018 10:22

Frontera mobilises workover rig to Taribani field

(Sharecast News) - Oil and gas exploration and production company Frontera Resources Corporation announced the mobilisation of a workover rig to the T-16 well, situated inside the 80 square kilometre Taribani field area in onshore Block 12 in Georgia, on Monday.

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22 Nov 2018 15:11

Frontera Resources Progresses On Court Action Against Director Hope

LONDON (Alliance News) - Frontera Resources Corp on Thursday said the Grand Court of the Cayman Islands ordered Director Stephen Hope and Outrider Master Fund LP to file their defence mid-October,

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31 Oct 2018 13:25

Frontera Resources Remains In Discussions With "Second Industry Major"

LONDON (Alliance News) - Frontera Resources Corp confirmed Wednesday it remains in discussions with a "second industry major" in addition to the memorandum of understanding it signed LLC

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31 Oct 2018 08:48

Frontera makes progress in Georgia talks with potential partner

(Sharecast News) - Oil and gas outfit Frontera Resources remains in talks with a second major oil company about its Georgia operations after having already signed an agreement with GE's Baker Hughes earlier in the month.

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29 Oct 2018 13:32

Frontera Resources Teams With GE's Unit To Develop Assets In Georgia

LONDON (Alliance News) - Frontera Resources Corp on Monday said its subsidiary has agreed to co-operate with General Electric Co's Baker Hughes Services LLC with regards to Frontera's 12 I

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19 Oct 2018 11:11

Frontera Resolves Issues With YA II, To Redeem Shares On Monthly Basis (ALLISS)

LONDON (Alliance News) - Shares in Frontera Resources Corp rose on Friday as the company resolved ongoing issues with YA II PN Ltd.Shares in the oil and gas company were trading up 12% at A

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19 Oct 2018 10:50

Frontera Resources agrees payment plan with Yorkville Advisors

(Sharecast News) - Frontera Resources and investment company Yorkville Advisors agreed to resolve their differences as the pair retracted and released each other from their mutual claims.

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15 Oct 2018 13:56

Frontera Says Director Stephen Hope Has Breached Fiduciary Duties

LONDON (Alliance News) - Frontera Resources Corp on Monday alleged that Director Stephen Hope is in breach of his fiduciary duties as he attempted to deprive the company of assets for his own and

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12 Oct 2018 10:21

Frontera Resources Continues Farmout Joint Operating Agreement Talks

LONDON (Alliance News) - Frontera Resources Corp said Friday that talks for a potential farmout or joint operating agreement are continuing with two "industry majors".The oil gas

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12 Oct 2018 08:31

Frontera goes to court over Outrider loan note squabble

(Sharecast News) - Oil and gas firm Frontera Resources filed an action in the Grand Court of the Cayman Islands in relation to loan notes issued to Outrider Master Fund.

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27 Sep 2018 12:59

Frontera Resources Narrows Interim Loss On Higher Revenue, Lower Costs

LONDON (Alliance News) - Frontera Resources Corp said on Thursday its interim loss narrowed on higher revenue and reduced costs.Revenue for the first half of 2018 rose to USD1.8 million as

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