BP today announced that it has agreed to sell its 50% stake in the Shanghai SECCO Petrochemical Company Limited (SECCO) to Gaoqiao Petrochemical Co Ltd, a 100% subsidiary of China Petroleum & Chemical Corporation (Sinopec), BP’s joint venture partner, for a total consideration of $1.68 billion.
Triple-listed Coal of Africa Limited (CoAL) is making good progress in re-entering the market as a coal producer, CEO David Brown said in a quarterly update to shareholders on Friday. The company earlier this month announced that it would buy Pan African Resources’ Pan African Resources Coal Holdings subsidiary, which holds a 91% stake in the Uitkomst colliery, in KwaZulu-Natal, for R275-million. The acquisition is considered complementary to CoAL’s developing Makhado project.
Watch Steve Larratt, Share Research Business Analyst at Share Talk, discuss the outlook for Eco (Atlantic) Oil & Gas, Venture Life and Petroneft. Larratt talks to Tip TV Presenter Zak Mir.
Oilex Ltd (the Company) is pleased to announce that the workover rig has been mobilised to C-70 at the Cambay PSC (Cambay). The Company plans to complete workovers of two wells, C-70 and C-23z, during May 2017.
ShareTalk spoke with Justin Tooth, Executive Chairman of Ferrum Crescent. We look at the last Quarters activities in the business. We talk about the geo political and the Iron ore price decrease which has lead to the announcement of the disposal of the Moonlight project. We look at the news flow and expectations of the of the Toral Zinc Lead project in Spain and what the plans are behind the drilling program about to start. We look at the Quarterlies and ask about a new direction in the company around its listing status over multiple exchanges.
Stellar Diamonds plc, the London quoted diamond exploration and development company focused on West Africa, announces that it has signed a legally binding conditional Tribute Mining Agreement and Revenue Share Agreement (“the Agreements”) with Octea Mining Limited (“Octea”) in respect of the Tongo-Tonguma kimberlite diamond project (“Project”) in eastern Sierra Leone.
Commenting, Mr Mick Billing, Executive Chairman of Thor Mining, said:
“A very good period for the Company and its investors. The very positive results at Pilot Mountain demonstrate the significant and increasing value of this project and we are very keen to see the outcome of the maiden resource estimate, now commissioned, for the Garnet deposit. When added to the existing Desert Scheelite resource estimate we anticipate building a substantial resource inventory, with ample capacity for significant further growth.
Oncimmune Holdings plc (AIM: ONC.L), a leading early cancer detection company developing and commercialising its proprietary EarlyCDT® platform technology, today announces that it has signed two new exclusive distribution agreements for its EarlyCDT®-Lung test with Best Medical Opinion and Dow Biomedica/Biodiscovery in Israel and Korea respectively.
Kromek, a radiation detection technology company focusing on the medical, security and nuclear markets, provides the following trading update for the year ending 30 April 2017 ahead of its full year results to be issued in July 2017.
Taking the stress out of stocks…
Ahead of oil giant BP’s first quarter update next week, is the company now worth buying, even if just for the dividend? And as Sir Richard Branson reportedly supports Gina Miller’s ‘Wrexit’ campaign, shouldn’t they both just stand for election?