Lansdowne Oil & Gas, Anglesey Mining, Caledonia Mining and EurOmax to present at penultimate Proactive Investors One2One Forum of 2011

We approach the festive season with four real crackers for you at this, the penultimate Proactive Investors One2One Forum of the year. Joining us at the Chesterfield in Mayfair on December 8th at 6pm are Lansdowne Oil & Gas, Anglesey Mining, Caledonia Mining and EurOmax.

*REGISTER YOUR ATTENDANCE HERE*

What a great time to hear from Lansdowne Oil & Gas (LON: LOGP) with drilling underway on the Barryroe development well in the Celtic Sea.

Lansdowne owns 20 per cent and the operator is Providence Resources (LON:PVR).Discovered in the 1970s, Barryroe previously flowed oil at the rate of 1,400-1,600 barrels a day.

A rate above 1,800 barrels a day makes Barryroe economic, according to an independent report compiled by RPS, which also estimates there is 60 million barrels of crude recoverable from 373 million barrels in place. 

So the development could potentially be transformational for both companies, and the third Barryroe partner, San Leon Energy (LON:SLE).

Last month the group moved a step closer today to unlocking the potential of the wider North Celtic Sea Basin as it received 3D seismic data from three other prospects.

It was shot at the firm’s Amergin, Rosscarbery and Midleton prospects off the coast of Ireland over the summer and was completed ahead of schedule.

Chief executive Stephen Boldy said: “We believe the 3D seismic will provide the key to unlocking the potential of the North Celtic Sea Basin.

“Interpretation is now underway and this will be followed by farming down ahead of planned exploratory drilling in 2012."

Caledonia Mining (LON:CMCL) hit the ball right out of the park recently when it unveiled a bumper set of third quarter earnings based on better than expected production from is Blanket Gold Mine in Zimbabwe.
Speaking with Proactive Investors recently chief executive Stefan Hayden said that he is expecting the fourth quarter results to be even better.

“Looking into next year we are confident that we can maintain the 40,000 ounce a year run rate,” he said.
“Depending on a number of things in Zimbabwe we may even be able to increase that further slightly as the year progresses. We are busy exploring and developing additional ore bodies.

“And depending on the exploration success we may be able to start adding some small but incremental tonnage into the Blanket plant from these operations during the latter part of 2012.”

Ambrian Capital recently described our next guest, Anglesey Mining (LON:AYM), as the top value play in the small-cap sector.

It owns a 33 per cent stake in the Canadian firm Labrador Iron Mines, which has begun shipping ore to China.
However the focus is shifting towards its other major project – the Parys Mountain zinc-copper-lead deposit in North Wales.

“After a number of years in which the group has concentrated its efforts largely on LIM we are now expanding our review of Parys Mountain with the aim of forming a clear view on the best way to move its development forward,” said chairman John Kearney recently.

An exciting roster is completed by EurOmax Resources (CVE:EOX), a gold and copper explorer focused on resource-rich areas of Bulgaria, Macedonia and Serbia.

In all it has four advanced projects in areas with good road infrastructure and access rail, power and water – vital ingredients in building viable mining projects.

Its last update came from the Ilovitza copper-gold porphyry project in south-eastern Macedonia, where metallurgical tests were encouraging.

The company said it achieved an 84 percent copper recovery, 58 percent gold recovery and 68 percent silver recovery.

Dr Quinton Hennigh, the EurOmax’s technical adviser, said: "We are very pleased with this year's progress at Ilovitza.

"Our initial flotation tests have proved positive, the 2011 drill program has dramatically increased the size of the system and we have now formally applied for an exploitation concession on our project."

Spaces are limited and registration is essential  *REGISTER YOUR ATTENDANCE HERE*

Thursday the 8th December 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite). The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception. Details on the presenting companies can be found on www.proactiveinvestors.co.uk.

Proactive Investors have run over 250 investor presentations across all the key financial centres.