8 Sep 2014 10:44
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Don't have an account? Click here to register.Small caps round-up: Orogen, Providence, President
Mon, 27th Feb 2012 15:44
Orogen Gold, a Europe-focused miner, has said it has re-established access to its mine sites after a temporary cut-off was caused by extreme weather. The firm admitted that the exceptionally severe winter weather conditions in Serbia have had a slight impact on the timing of completion of the underground work at Gindusa, but said "every effort will be made to minimise this and to commence the drilling programme on schedule early in Q2 [second quarter] 2012". The miner also said that underground mapping and channel sampling is 80% complete at both the Gindusa and Rusman gold mines. The share price fell 16.47% to 0.71p.Providence Resources, the Irish oil explorer, has successfully completed drilling at the Barryroe appraisal well, where the results were better than expected. Indications of hydrocarbons were seen while drilling, and the results have confirmed the presence of 41 feet of net pay, with no indication of a hydrocarbon water contact. The well will now be flow tested over a period of around 10 days. Providence's shares gained 20.67% to 359.00p. Lansodwne oil & Gas, which has a 20% stake in the asset, rose 23.4% to 43.5p.President Petroluem, an Argentina-focused oil explorer, has reported that further new oil in place has been identified in an undeveloped reservoir at its Puesto Guardian concession. The new oil in place has been estmated at 16m barrels, comprising 13m barrels from the Puesto Guardian field area and 3m barrels from the Canada Grande field area, and is an addition to the previously announced newly identified oil in place in the Pozo Escondido field, announced on January 19th. Further studies are now being conducted on the rest of the concession. In a statement the firm said: "The ongoing work being conducted represents early stage in house scoping studies, but we know enough now to say that this signals an exciting new area of focus for the work programme." Shares rose 4.35% to 51.00p. NR
More News
8 Sep 2014 10:28
Orogen Gold strikes it lucky in Armenia
Shares in precious metal explorer Orogen Gold sparkled by a quarter after it made a "substantial" find in southern Armenia. The stock jumped 0.03p or 24% to 0.16p at 10:36 in London after Orogen reported the discovery of wide zones of gold mineralisation at its Mutsk gold project and said it was
Read more3 Jun 2014 11:41
UK MIDDAY BRIEFING: Wolseley's US Growth Offsets Currency Hit
LONDON (Alliance News) - Wolseley is the biggest gainer on the FTSE 100 Tuesday after the plumbing and heating products distributor reported higher trading profit for its fiscal third quarter, driven by strong growth in the US and Nordic countries.
However, adverse
3 Jun 2014 11:01
Orogen Gold extends target zone after geophys survey
Armenia-focused explorer Orogen Gold hailed results from its latest geophysical survey that extended an existing gold-bearing zone. A detailed geophysical programme has been completed across the 2.5 square kilometre core target area of the Mutsk project in Armenia, with directors inferring from res
Read more3 Jun 2014 10:30
UK WINNERS & LOSERS: Wolseley Stands Out From Negative FTSE 100
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
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FTSE 100 - WINNERS
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Wolseley, up 2.7%. The plumbing and heating products distributor is one of ju
3 Jun 2014 07:50
Orogen Gold Extends Target Zone, Develops New Target At Mutsk
LONDON (Alliance News) - Orogen Gold PLC Tuesday said geophysical surveys carried out on its Mutsk gold project in Armenia have extended a target zone and show strongest anomalies in its undrilled northern sector on the site. The exploration and development mining company said a detailed ge
Read more23 Apr 2014 15:21
Orogen Gold writes off 3.7m pounds on Serbian gold scheme
Orogen Gold wrote off 3.7m pounds on a project in Serbia and said challenging markets for junior gold explorers were set to continue in 2014. Orogen, which has the Mutsk gold project in Armenia and 55% of the Deli Jovan scheme in Serbia, made a £4.2m loss in 2013 against a £651,000 loss the year be
Read more23 Apr 2014 11:40
UK MIDDAY BRIEFING: Associated British Foods Soars On Profit Boost
LONDON (Alliance News) - Associated British Foods said Wednesday profit for the first half of the year increased, driven primarily by sales at its low-cost fashion retail chain Primark, which more than offset a substantial hit to its sugar business.
The food, ingred
23 Apr 2014 10:41
UK WINNERS & LOSERS: Iofina Share Price Halved By Production Outlook
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
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FTSE 100 - WINNERS
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Associated British Foods, up 8.9%. The food, ingredients and retail group r
23 Apr 2014 09:22
Orogen Full-Year Pretax Loss Widens On Impairment
LONDON (Alliance News) - Orogen Gold PLC said Wednesday its pretax loss for the full-year widened after it was hit by an impairment charge on the value of its Deli Jovan asset. Orogen reported a GBP4.18 million pretax loss for the year, up from a GBP651,000 loss last year, including a GBP3.
Read more7 Apr 2014 10:03
Orogen To Commence Geophysical Surveys At Mutsk Gold Project
LONDON (Alliance News) - Orogen Gold PLC Monday said it will commence geophysical surveys at its Mutsk gold project in southern Armenia during April, which will seek to identify hidden mineralisation and extensions to recently discovered shallow gold zones. The AIM-quoted gold exploration c
Read more3 Mar 2014 12:22
Orogen Gold Discovers New Shallow Gold Zone At Mutsk In Armenia
LONDON (Alliance News) - Orogen Gold PLC Monday said drilling has discovered a wide gold zone at the Mutsk site in Armenia and the company is planning further drilling in spring. The gold mining company, with operations in the Eastern Europe, said first step out drilling at the site has dis
Read more