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Afren Investors set to be wiped out, FirstEnergy Capital 5th August 2015 http://goo.gl/OS3PFr Ebok and Okoro oilfields in Nigeria will be taken over by either the Nigerian government or its local business partners.

Yes ill be the one laughing try buying news coming !! -))

nice rise again

scotty1 5 Aug'15 - 08:02 - 986 of 989 1 1 http://uk.advfn.com/cmn/fbb/thread.php3?id=33740253 Obtala - progress in Tanzania PUBLISHED: 04 Aug 2015 @ 08:01 | Comments (0) | More info about Tom Winnifrith Obtala Resources (LSE:OBT) has announced that it has received notification from its consultants of the award of the internationally recognised GLOBALG.A.P. (Good Agricultural Practice) certification for its agricultural operations in Tanzania, enabling the company to access new market opportunities for its project This is with this noted to overcome a barrier to entry with many international food groups. Meanwhile, the company continues to address additional requirements to secure BRC Global Standards Certification for the processing unit – with an audit inspection conducted in late June and a certification audit expected in October. Together with the Export Processing Zone award in late 2014, these certifications will additionally facilitate export internationally to food producers, wholesalers and retailers. This is seen as a “strong growth” area for the company and follows results in June which noted the valuation underpinning of its timber assets and that asset value recognition is explicitly on the agenda (see HERE). Having since slipped to a current 8p offer price, the shares have still to respond as we have hoped but we continue to rate them a buy at up to 10p, targeting 15p+ as active steps are taken to realise asset value.

40k buy nice start as i thought under mid as sell

hold tight could be a big rerating

before open expect buys under mid guys will show as sells,lets see

AT last the vibes are good -))

looking like it impossible 2 buy thats 10 days on the trot

still can buy nada, sells a bucket full way above the bid

LET the fun begin lets see if buyers can get in -))

Mercom Oil Sands(“Mercom”) MMO significant oil discovery in the Chad Basin meets success The investment in Maverick Petroleum has exposure to near term development upside in Chad. Maverick Petroleum Ltd., has inked a deal with the Chad Government for the development of Sidigui Oilfield and establishment of a 10,000 barrels refinery. http://stateoilcanada.com/chad/ Sedimentary structures and other analysis show that Sidigui sands were deposited from fluvial to shallow marine waters. A faulted dome structure, the Sidigui field, contains several staked pay zones, reservoir rock is good quality sandstone with porosities ranging between 200 md and 500 md. Oil, gas and condensate. Sedimentary structures and other analysis show that Sidigui sands were deposited from fluvial to shallow marine waters. A faulted dome structure, the Sidigui field, contains several staked pay zones, reservoir rock is good quality sandstone with porosities ranging between 200 md and 500 md. Oil, gas and condensate exist. Oil gravity is nearly 48A[bar] API and condensate gravity varies from 50A[bar] to 52A[bar] API. Determined to guarantee that the latest quest for a significant oil discovery in the Chad Basin meets success, the Minister of Petroleum Resources Mrs. Diezani Alison- Madueke has asked the Corporation to put it all efforts in its push to strike black gold in the potential Chad Basin. Mercom Oil Sands gold and diamond sectors. develop a system for mining consolidation to take advantage of the fragmented market specifically in the gold and diamond sectors. London, England

Kakamega Project Project Overview Advance Gold Corp. (the “Company”) has entered into an Option and Joint Venture Agreement with Aviva Corporation Ltd. (“Aviva”). Under the terms of the agreement Aviva has the right to earn at least 75% equity in three prospective Special Licences in Western Kenya namely: Bukura SL265, Sigalagala SL266 and Rosterman SL267. The three licences are excisions within Aviva’s existing West Kenyan Special Prospecting Licence SPL213 Siaya. They cover a total of 64km² and include Kenya’s largest historical gold mine, Rosterman, which is reported to have produced 250,000oz Au @ over 13g/t between 1932 and 1952. The key terms of the agreement are as follows: Option Period Aviva will spend a minimum of $100,000 in ground on the 3 licences within 12 months. At the end of the initial 12 month period Aviva will make a US$100,000 cash payment to the Company to secure an option to earn up to 75% of the Special Licences. Earn-in First Earn-in Period – Aviva can move to 51% ownership by spending a further US$0.5M on the three licences over a period of 12 months. Second Earn-in Period – Aviva can move to 75% by solely funding an additional US$1M over a period of 24 months. Election Period Once Aviva has reached 75%, the Company may elect to contribute or dilute to 10% after which Aviva may convert the Company’s interest in the property to a 3% net smelter royalty. Under the terms of an existing agreement between Aviva and Lonmin these properties fall within the designated 2km area of interest and will be offered to the West Kenya joint venture after the commencement of the earn-in period. – The Option and Joint Venture Agreement is subject to final approval by the Commissioner of Mines and Geology of Kenya.

Mercom Oil Sands Plc (MMO) Gold Investments Askia Gold Limited The Company has invested GBP400,000 for a 30 per cent. interest in Lion Natural Resources plc (“Lion”). Lion holds investments in two companies with projects in Sierra Leone and Kenya respectively. Askia Gold Limited Lion’s major asset is its interest in Askia Gold Limited (www.askiagold.com), which has developed strong links between the Sierra Leone Government, principal Chiefs and local community leaders in highly productive gold production areas. The company is developing an alluvial gold project and has entered into various partnership agreements with a major mining company, investors and equipment manufacturers. It is projecting output of 25kg of gold per month for its phase one expansion which is scheduled to be completed during Q3 2014. It is expected that production costs will be 28 per cent. of output and scalable without increase in cost up to 60kg per month. Askia Gold is finalizing its gold mining equipment to supply mines with efficient eco friendly washing plants. Mining companies today have to be concerned about contamination. Most government organizations need to recognize the hazards and adopt new eco friendly gold concentrators and green-based gold mining technologies as a standard. The mining industry is now eliminating hazardous products or waste material that are commonly used in many mines especially in Africa. Our gold mining products only use waste and the flow of a natural river, not even vibration. All aspects of an Askia unit is eco-Friendly, thus avoiding the need for a chemical permit, issues with government agencies, hazardous waste disposal costs, and most importantly, the extreme environmental issues connected with chemical extraction of gold. Advanced Gold Corp. In Kenya, Lion holds a small minority interest in Advance Gold Corp. (“AGC”) which is quoted on the TSX Venture Exchange under the symbol AAX (http://www.advancegold.ca/s/home.asp).

nottspie i can sell 500k@2.8p

Nottspie they have multiple investments plus cash.gl buying no danger as directors are holding tight. https://www.google.co.uk/finance?q=LON%3AMMO&ei=NLfAVdn3FNidUI6TkrgC Mercom Oil Sands Plc insider Patrick Cross Buys £20,385.47 In Shares Mercom Oil Sands Plc LON:MMO insider Patrick Cross yesterday purchased 440,291 shares of the company’s stock on the open market in a transaction dated Wednesday, May 6th. The stock was purchased at an average cost of GBX 4.63 per share, with a total value of £20,385.47. Shares of Mercom Oil Sands Plc LON:MMO traded up 10.27% on Wednesday, closing on 5.10 GBX. 366,809 shares in the company’s stock traded hands. Mercom Oil Sands Plc has a 52 week low of GBX 3.00 and a 1 year high of GBX 28.15. The interests of the Directors in the enlarged issued share capital of the Company will now be as follows: Ordinary Shares held prior to issue New Ordinary Shares issued Resultant Ordinary Shares held Percentage of enlarged issued Ordinary Shares John Zorbas 4,000 2,594,595 2,598,595 16.6% Patrick Cross 466,666 440,291 906,957 5.8% Kyle Appleby 470,666 0 470,666 3.0% The diverse investments of Mercom Oil Sands Plc bring exposure to coal, oil, and gold in Asia and Africa. On the 29th May, the company announced investments of £768k in line with its updated investment policy (as at 28th February). The coal assets under NWT are potentially sizeable and the advancement to JORC offers potential for value uplift. It is hoped these can be developed to commerciality within a relatively quick timescale, given existing infrastructure and access to transportation. The investment in Lion Natural Resources brings exposure to alluvial gold.

fact ive been trying for 9 days after my last purchase ,expect an update as the market certainly does.

NO chance cannot even get £100

and not a roll over ,nice1

like this. and he normalls bash,s over there http://uk.advfn.com/cmn/fbb/thread.php3?id=33740253 Club Sandwich 3 Aug'15 - 17:05 - 965 of 971 0 0 FWIW... Obtala Resources (LON:OBT) 60p Approach 14:01 GMT After gaining GLOBALG.A.P. certification for its agricultural operations in Tanzania, takeover talk has resumed in the city with a possible £150m offer or the equivalent 60p a share . Moreover, Obtala has an asset rich balance sheet with no debt. Shareholder equity amounted to £93m or approximately 35p per share at the end of 2014. So, at present levels Obtala is trading at a …