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Oil and gas group President Energy has declared itself pleased with operational progress in Paraguay, but things have been moving more slowly than hoped in Argentina, though the company ascribed this to prudence rather than technical issues, where the results of the pressure tests at the Argentinian
Read moreMetminco said it had made significant progress during the three months to June at Los Calatos in Peru, and Mollacas in Chile. It said conceptual mining studies at the sites had taken the firm closer to mine development and, ultimately, copper production. Shares rose 4% at Sable Mining after the com
Read moreSeaEnergy, the offshore wind power firm has seen its stock rise sharply after announcing a tender offer for nearly 28 per cent of its stock. Shareholders could receive up to 6.9m pounds if they take up the company's offer of selling their holdings at 36p per share, a premium of 32.7 per cent over th
Read moreKazakhstan-focused Roxi Petroleum saw its shares dive after it revealed that well NK-10 in its Galaz contract area has a high water content with only minor gas and oil film shows. The well, which was drilled late last year, will now be plugged and abandoned. The exploration and appraisal work being
Read moreForte Energy, a uranium company, has announced positive assay result from the final seven holes from the recent reverse circulation drilling programme completed at the A238 Prospect in Mauritania. The assay results from the programme have confirmed the mineral resource extension at a depth below t
Read moreThe bombed-out shares of Ceres Power showed signs of life on Monday morning after the company announced significant improvements in the durability of its core fuel cell module technology. Meanwhile, the long term test programe of its combined heat and power (CHP) engineering technology remains on s
Read moreThe ongoing crisis at the Fukushima Daiichi nuclear plant in Japan has been a disaster for uranium-related stocks, but a welcome boost for alternative energy companies as opposition to nuclear grows. Should there be a catastrophic accident at Fukushima Daiichi, calls for nuclear power to be scrappe
Read moreOil and gas exploration company Bahamas Petroleum is to raise in the region of £45.6m through a placing of shares at 18.75p each. The company said 110m new shares have definitely been placed, while a further 133.1m have been conditionally placed. The funds will be used to speed up the company's exp
Read moreMiner Forte Energy has discovered further significant intersections after drilling 10 new holes at its A238 uranium prospect in Mauritania. The holes were drilled immediately north of the main shoot of the A238 system "provide a clearer geological picture of the transition from the narrow, low gra
Read moreIrish recruitment group CPL Resources grew profit before tax by 64% in the half-year to 31 December thanks to "tight cost control coupled with strong top line growth". Pre-tax profit of €3.9m was up from €2.4m in 2009 and 33% higher than the first six months. Sales were up 22% to €111.9m and 14% be
Read moreSmall cap-focused trust Henderson Smaller Companies achieved a total return of 22.1% for the half-year to 30 November, putting the benchmark index - up 12.7% - in the shade. The trust, which increased total pre-tax profit from £37.9m to £42.6m, said it expects the markets to remain "choppy", but t
Read moreMiner Forte Energy now has enough data from its A238 uranium anomaly in northern Mauritania to carry out a more detailed geological assessment of the target. Results from a further 17 holes reveal mineralisation in line with initial results published last month. A total of 27 out of 120 holes dril
Read moreForte Energy has completed a 7,000m drilling program at its A238 uranium anomaly in the north of its leases in Mauritania and a 1,500m diamond drilling program should be completed next month. "These initial results are from the first pass shallow drilling along strike, and confirm the presence of
Read moreUranium company Forte Energy has been testing for rare earth elements (REE) in Guinea and the latest assay results indicate "provide a higher level of encouragement that a substantial body of REE mineralisation may exist within the company's 100% owned Firawa uranium project." "REE assays from thes
Read moreLatin America-focused oil company PetroLatina has had its commerciality application for the Colon field in Colombia formally approved by the hydrocarbon regulatory agency, giving the green light to a 24-year commercial production period. Gross production in the 10 months to 31 October rose to 562,1
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