Kenneth G. Mondero

In separate statements issued today, Range Resources and Red Emperor Resources announced the commencement of drilling operations on the Dharoor Block in Puntland, Northern Somalia. The announcements are in conjunction with the earlier press release of the said block’s operator, Horn Petroleum Corporation, a quoted company on the Toronto Stock Exchange. It is the first exploration in 20 years...

Afren (LSE:AFR) released a statement announcing the discovery of oil off of South East Nigeria. According to the report, the drilling encountered 549 feet true vertical thickness (TVT) of net oil pay and 41 feet of net oil gas in “excellent reservoir sands” in the Okoro East exploration well. The well is located east of […]

Jubilee Platinum (LSE:JLP), a platinum producer operating in South Africa, saw its shares soaring to a third of its’ previous close. JLP stocks are trading at 16.35p as of press time, up by 4.125p from last Friday’s close. An article about the potential of the company referred the share price of JLP as a “bargain” […]

Robert Wiseman Dairies (LSE:RWD), one of UK’s leading provider of fresh milk, announced today, it has accepted the takeover bid by Muller Dairy (UK) Limited for £279.5 million. Shares of RWD have surged 59% from its January 12th trading prior to any announcement relating to any purchase offer, currently trading at 388.75p as of lunch […]

AIM-listed exploration company Falkland Oil & Gas (LSE:FOGL) has announced today it will issue new shares to raise £48 million in line with the company’s drilling programme in the Falkland Islands. FOGL will commence trading of 112,764,675 new shares of 0.002 pence on 18 January at 43 pence per share, upon securing admission requirements, making […]

Rock Solid Images (LSE:RSI) released a statement Wednesday morning announcing a successful bid for a $1.1 million project awarded by a South East Asia national oil company prompting shares of this AIM-listed company to rise 55.6% at the close of the day’s trading to 1.75P with a total volume of 3,069,004. [2] Overview According to […]

Shares of Jacques Vert PLC (LSE:JQV) rose 66% to 20.75 pence at the close of trading following the announcement released earlier today of an agreement to sell 2,383,465 or 1.2% of Jacques Vert’s ordinary share capital to Minerva Bidco at 21 pence a share, a 68% premium based on the closing price of 12.5 pence […]

Shares of Central Rand Gold (LSE:CRND) bounced back since the opening of trading this week, following the consent order issued on Monday, December 12th, by the High Court in South Africa, setting aside the decision to cancel the mining rights of Central Rand Gold’s wholly-owned subsidiary, Ferreira Estate and Investment Company (FEIC). CRND shares closed […]