Oil and Gas

Independent Resources Plc (LSE:IRG) shares dropped 8.4% by 2:15pm GMT on Wednesday following the release of their results for the fiscal year ending 30 September 2011. The news release contained highlights from the year, a short statement by the company chairman, and a series of consolidated financial statements. In the announcement, the chairman admitted that […]

Aminex Plc (LSE:AEX) shares closed up 4.2% on Wednesday following the release of their Interim Management Statement. The AIM listed oil and gas company released this announcement pertaining to the period dating from 1 July until today. Among the highlights stated by the firm, their cash position as of 31 October was approximately £18 million, […]

Gulf Keystone Petroleum (LSE:GKP) shares were up 15% by mid-morning on Friday following news that Exxon Mobil has signed contracts with Kurdistan to explore the region for oil in northern Iraq. GKP investors took to the bulletin boards on ADVFN with speculation over a possible Exxon takeover of the independent oil & gas company. Exxon […]

The board of TXO (LSE:TXO) announced on Friday that it has issued Convertible Loan Notes totalling £961,200 to high net worth individuals, directors, advisors, and institutional investors to settle outstanding fees. The notes are due for repayment by 30 April 2013 or may be converted wholly or partially into TXO ordinary shares at 0.75p per […]

Sacoil Holdings (LSE:SAC) released a trading statement update on Thursday regarding an increase in its expected earnings for the six month period ending 31 August 2011. Shares for the South-African oil company were up 22% in the late morning following the announcement. The company stated: “The Group has reached reasonable certainty that its headline earnings […]

Sound Oil Plc (LSE:SOU) was down for the fourth session in a row on Friday morning despite a positive operations update released 31 October, 2011.  Before this recent downward trend, the company traded at 3.475p, which has steadily fallen to 2.65p heading into the weekend. Operations Update The operations update posted by the company stated: […]

Max Petroleum (LSE:MXP) told investors in a public release today that it will plug the ZLGS-1 exploration well on the Zhalgyz South prospect in Block A of their operations in Kazakhstan. The results announced today are contrary to the positive report on the prospect posted in early October. In an update made public on the 11th of […]

TomCo Energy (LSE:TOM) is a top moving stock today, up more than 25% as investor confidence soars in shale oil processing. The company owns leases covering around 3,000 acres of some of the best shale oil lands in Utah, estimated to hold as much as 230 million barrels of oil. This deposit is part of […]