As expected after the volume surge on Friday the news on Bowleven’s Cameroon Etinde development came through today and it looks like the approval is almost in the bag with only the President Paul Diya to sign the decree after the Cameroon state approved the EEAA. A big relief for shareholders…

There was a huge number of shares traded in Cameroon focused oil and gas explorer, Bowleven (BLVN), on Friday. Nearly 15 million shares were traded, with a significant amount of that in the auction after the close of normal trading.

It was a bad week for the mining sector with heavyweights BHP Billiton dropping over 4% in the last 7 days to £18.68, Anglo American dropped 7.3% for the week and fell 5.7% on Friday to close at £14.57 and Rio Tinto fell 6.15% on the week to £30.57 after a 4% fall on Friday.

Iron ore prices are continuing their downward spiral, moving below the critical $100 a tonne level in the last week or so to hit $97.5, particularly  [read more →]

Its been quite a month for investors in Range Resources with the shares up 33% over 4 weeks after an 8.5% rise today following a series of announcements, though unlucky long term holders are still well down on their investment with the shares down over 60% in the last year.

For Leni its not been all plain sailing over the last few months despite plenty of action at its Goudron prospect in Trinidad. Back in January I wrote a detailed piece on Leni Oil and Gas (LGO)…

For those buying emerging markets funds and ETF’s in late January 2014 just as the Ukraine crisis started to turn ugly it has turned out to be a very rewarding investment.

A bit of a surprise for Rockhopper Exploration and Mediterranean Oil & Gas (MOG) shareholders this morning with the announcement that they had reached agreement on the terms of a recommended £29.3 million acquisition of MOG by Rockhopper.

There’s been plenty of speculation that the oil companies involved in the Falkland Islands will announce a drilling rig for their 2015 exploration shortly.

Nighthawk Energy operates in the Eastern Colorado plains with two primary projects, Smoky Hill and Jolly Ranch, comprise more than 300,000 gross acres within the southeast flank of the Denver – Julesburg Basin.

Vodafone shares dropped 5.5% yesterday and a further 2% today to hit 202p, after delivering a profits warning for 2015 with their results for the year ending March 2014.