Proactiveinvestors United Kingdom articles

Madagascar Oil primed and ready to demonstrate heavy oil field's huge potential

Fri, 25 May 2012 17:20:00 +0100

February’s US$26.5 million fundraising marked something of a watershed in the short but eventful history of Madagascar Oil.

US Oil & Gas shares soar on Eblana-1 exploration well success

Fri, 25 May 2012 16:14:00 +0100

US Oil & Gas (GXG:USOP) shares rocketed today after the group reported that the Eblana-1 exploration well in Nevada has encountered what it believes to be live light oil. The stock saw heavy trade all day and by late afternoon was trading at 150 pence, after having started the session at just under 66 pence.

Morgan Stanley adjusts Facebook trades in wake of mega IPO

Fri, 25 May 2012 15:03:00 +0100

Investment giant Morgan Stanley is in the process of adjusting prices on thousands of trades made in the social network giant Facebook (NASDAQ:FB), it was reported this afternoon. Morgan Stanley was the lead underwriter in the mega Facebook float on Friday May 18.

Medusa Mining applauded as it progresses growth plans in Philippines

Fri, 25 May 2012 14:23:00 +0100

Medusa Mining was applauded last night as it updated investors on its five year growth plan that will more than quadruple its current gold production rate.

UPDATE - Kryso Resources' largest shareholder to fund Pakrut construction

Fri, 25 May 2012 11:31:00 +0100

China Nonferrous Metals Int’l Mining will put up US$93.5 million in loans and exercise US$24 million worth of share warrants.

Iofina raises £4.3 mln to support scaling-up of iodine production

Fri, 25 May 2012 07:54:00 +0100

The iodine producer is raising £4.3 million to support a scale up in its operations. Separately the group reported record sales in 2011 which allowed the company to halve losses.

Gulf Keystone says drilling has begun on the Sheikh Adi-2 well

Fri, 25 May 2012 07:33:00 +0100

Gulf Keystone Petroleum (LON:GKP) said this morning work on the Sheikh Adi-2 well had begun.

Company Q&A: Providence Resources explains the significance of its latest well test on the Barryroe

Thu, 24 May 2012 15:07:00 +0100

New analysis suggests that the RPS peak production rate could be achieved with just 1.5 horizontal development wells compared to 13 vertical production wells.

JP Morgan bullish on Gemfields as emerald demand intensifies

Thu, 24 May 2012 14:34:00 +0100

Increased demand for Gemfield’s emeralds and improving production rates are helping to position the company for ongoing growth, heavyweight broker JP Morgan Cazenove said today.

Baobab Resources ‘very pleased’ with Ruoni Flats iron ore drilling – UPDATE

Thu, 24 May 2012 12:05:00 +0100

Baobab Resources today said it was very pleased with the progress being made at the Ruoni flats part of its flagship Tete iron ore project in Mozambique.

Leni Gas & Oil: Goudron field work-over programme to begin this weekend - UPDATE

Thu, 24 May 2012 11:24:00 +0100

Leni Gas & Oil expects a work-over programme to get underway in Trinidad this coming weekend.

Mining sector enters deep value territory, says broker

Thu, 24 May 2012 11:15:00 +0100

The FTSE-listed mining sector should be a hotbed for value investors given the recent underperformance, according to broker Jefferies.

Providence update points to the huge potential of Barryroe - UPDATE

Thu, 24 May 2012 10:33:00 +0100

Providence Resources revealed this morning that horizontal drilling could significantly lift the productivity of its Barryroe oil discovery.

Shell extends offer and mulls options in chase for Cove

Thu, 24 May 2012 10:10:00 +0100

Oil and gas giant Shell today refused to give up the chase for East Africa-focused junior Cove Energy.

Baobab Resources ‘very pleased’ with Ruoni Flats iron ore drilling

Thu, 24 May 2012 08:19:00 +0100

The company’s current drilling programme on the Ruoni flats area has encountered a heavily mineralised package, which it believes is a continuation to the Ruoni North and Tenge resource blocks.

COMPANY Q&A: TyraTech's Reade gives chairman's eye view on the business and its potential

Wed, 23 May 2012 16:11:00 +0100

After yesterday’s business and product update from TyraTech, Proactive Investors caught up with Alan Reade who gave us the chairman’s eye view of the business, its products and its potential.

Shareholders file lawsuit against Facebook's Zuckerberg

Wed, 23 May 2012 16:00:00 +0100

Shareholders filed a lawsuit today in New York against Facebook founder Mark Zuckerberg, it was reported this afternoon

Shell outgunned again as bidding war for Cove hots up - UPDATE

Wed, 23 May 2012 15:50:00 +0100

The battle for East African oil and gas assets was reignited today as global giant Shell was gazumped by a rival bidder in its quest to secure Cove Energy.

BP could see turnaround if it can put Macondo ghost to rest, says broker

Wed, 23 May 2012 12:46:00 +0100

Oil giant BP could see a share price revival if it can make progress on US Macondo-related fines, according to Canaccord Genuity.

Alliance Pharma lining up "healthy pipeline" of acquisitions

Wed, 23 May 2012 12:04:00 +0100

Pharmaceutical company Alliance Pharma said it has a “healthy pipeline” of acquisition opportunities as it updated shareholders today at its AGM.

Elemental Minerals starting to catch the eye as Kola shapes up as a world class potash deposit

Tue, 22 May 2012 16:51:00 +0100

A recent resource upgrade highlighted the world-class potential of Elemental Minerals’ Kola potash deposit, which is part of its Sintoukola property in the Republic of Congo. The company has deliberately remained below the radar, allowing the project to speak for itself. The latest results promise to lift the veil of anonymity.

e-Therapeutics expects first data from new drug trials this year - UPDATE

Tue, 22 May 2012 14:32:00 +0100

Drug discovery and development company e-Therapeutics expects to see the first findings from its new programme of clinical trials before the end of this year.

Cluff Natural Resources boss keen to get going as new business launches on AIM

Tue, 22 May 2012 12:57:00 +0100

Entrepreneur Algy Cluff is in no mood for hanging around. The 72-year-old hopes that by the end of July, his new venture - Cluff Natural Resources - would have snapped up the first of its investment deals, on its journey towards building a global resource player.

Marks & Spencer cuts growth targets as profits fall

Tue, 22 May 2012 12:38:00 +0100

Marks and Spencer is cutting its sales growth targets by £1.1 billion after reporting its first fall in profits in three years.

Wasabi Energy progresses Turkish plans as partner gives green light

Tue, 22 May 2012 10:40:00 +0100

Energy group Wasabi Energy has received approval to buy into an advanced geothermal power generator in Turkey from the current owner.

Ncondezi Coal appoints new chairman and CEO ahead of development of Mozambique project

Tue, 22 May 2012 07:34:00 +0100

Ncondezi Coal this morning unveiled a major overhaul of its board, including the appointment of a new chairman and chief executive, ahead of the development of its coal project in Mozambique’s Tete Province

Ariana Resources shares surge after bonanza grades at Kiziltepe

Mon, 21 May 2012 16:21:00 +0100

City broker Fairfax described the results as "good" news for Ariana who are proving up further mineralisation at the Kiziltepe deposit and said they underscored the resource potential at the Red Rabbit project.

Deutsche Bank chooses six shares for good and bad times

Mon, 21 May 2012 12:06:00 +0100

Deutsche Bank has picked "six of the best" UK companies, which it says can give comfort in the current tough climate for investors.

DiamondCorp agrees US$33.6 mln loan terms with South Africa’s IDC for Lace mine UPDATE

Mon, 21 May 2012 11:11:00 +0100

This agreement marks a significant milestone in DiamondCorp's transition from developer to producer, and is bang in line with management's efforts to find a financing method which is the least dilutive for shareholders of the company.

Stratex's Afar acreage could hold major discovery says broker - update

Mon, 21 May 2012 09:16:00 +0100

Stratex International’s Pandora gold vein in Djibouti could be a game-changer if drilling results show it continues at depth and along strike, according to a broker.

Ariana Resources Kiziltepe drilling returns "truly exceptional" gold grades

Mon, 21 May 2012 07:20:00 +0100

Ariana Resources (LON:AAU) this morning said the latest drilling programme in western Turkey returned “truly exceptional” gold and silver grades.

Facebook IPO successful as share stays well above US$38 in early deals

Fri, 18 May 2012 17:15:00 +0100

After leaving the world waiting for half an hour, Facebook's Nasdaq IPO got underway at around 11.30 am in New York. The stock briefly spiked to US$43, but quckly gave back initial gains, however, it remained well above the opening US$38 in early deals.

Transeuro Energy unveils innovative funding package

Fri, 18 May 2012 14:46:00 +0100

Transeuro Energy chief executive David Worrall said the group has put together an innovative, flexible funding package that guarantees the company access to funding as required and manages and minimises dilution for equity investors.

Medusa Mining: Current market is "golden" buying opportunity, says broker

Fri, 18 May 2012 13:55:00 +0100

Broker Fairfax has upped its price target for mining firm Medusa Mining and says the current market represents a "golden opportunity" to buy into the stock.

Ortac Resources has golden touch, says broker

Fri, 18 May 2012 13:52:00 +0100

Gold miner Ortac Resources offers a significant opportunity for value investors given the recent fall in the share price, says broker Seymour Pierce.

Facebook valued at US$104bn as traders brace for mega float

Fri, 18 May 2012 10:08:00 +0100

Shares in internet phenomenon Facebook are set to begin trading in New York today, the firm having been valued at an eye-watering US$104 billion. The most anticipated float ever has been priced at $38, or £24 a share.

Range Resources confident of commercial discovery in Puntland

Fri, 18 May 2012 10:00:00 +0100

Range Resources’ Shabeel-1 well in Puntland, Somalia could produce up to 130mm barrels of recoverable oil, the company’s MD said in an interview.

Heritage Oil pleased with exploration results from Iraqi Kurdistan, fully funded for 2012

Fri, 18 May 2012 09:30:00 +0100

Heritage Oil said it is pleased with the results of the Miran West-3 well in Iraqi Kurdistan, which continued to de-risk the Miran field. The group added that with US$154 million in the bank it is fully funded for its work programmes going into 2013.

Medgenics cleared by FDA to begin Phase IIb clinical trials for EPODURE; shares up

Thu, 17 May 2012 15:51:00 +0100

Biopharmaceutical company Medgenics (LON:MEDG, AMEX:MDGN) achieved a major milestone today - with clearance to begin a phase IIb trial of EPODURE to treat anaemia in kidney failure patients.

Facebook gears up for biggest tech float ever

Thu, 17 May 2012 15:50:00 +0100

Mark Zuckerberg's internet brainchild Facebook will list in the US tomorrow (Friday) in what is set to be America's third largest public flotation.