5Feb 2016

ST BRIDES PARTNERS WEEKLY BRIEF – 05.02.16

 stbrides

In the Brief this Week…

Andalas Energy and Power (ADL) had a busy week, announcing a new NOMAD and broker, Board changes and a farm-in agreement for the Tuba Obi East oil and gas concession in Indonesia; FinnAust Mining (FAM) announced positive survey results at its Pituffik Titanium Project in Greenland, revealing that high grade ilmenite extends offshore into the shallow marine environment; Highlands Natural Resources (HNR) was re-admitted to trading on the LSE this week; Hummingbird Resources (HUM) added US$24m and 169,000oz gold to its Yanfolila Gold Project in Mali; MX Oil (MXO) received an eye-catching US$18 million offer for its stake in the Aje Field, offshore Nigeria and provided an update on its four Mexican concessions; Noricum Gold (NMG) announced positive drill results at its Kvemo Bolnisi Project in the Republic of Georgia; Northcote Energy (NCT) completed infrastructure upgrades at the Shoats Creek Field, Louisiana, which has allowed production to commence at the Lutcher Moore #20 well; Plexus Holdings (POS) and its Malaysian JV partner won its first £0.9M well order with Talisman Energy in Indonesia; and Teathers Financial Plc (TEA) has issued an update as it continues to identify development opportunities following its suspension on AIM in December last year.