Tracking

Showing posts with label Mtsare Khevi. Show all posts
Showing posts with label Mtsare Khevi. Show all posts

Wednesday, 26 October 2011

As the world holds its breath

The summit of EU ministers is supposed to solve the Euro crisis today and everyone seems to be poised waiting for a positive outcome. This morning I had RNS from Greencore, Frontera and Tristar.
The news from Greencore was not very exciting, just detailing the number of shares in issue. Hopefully we will hear more news of the takeover bid soon although this article in the Telegraph suggests it is a mystery! The Irish Times was also carrying the story and they seem to indicate a management buyout could be on the cards!

Frontera Resources gave an update on their Mtsare Khevi oil well and they have found more gas which is good news. Unfortunately it doesn't seem to be reflected in the sp very much so I am still waiting to make a profit there!

Tristar Resources gave another update for their Goynuk antimony site and to be honest, the results were not going to set the world on fire! So back to waiting and wondering what will happen in Euroland!



Tuesday, 11 October 2011

Frontera Resources FRR

A nice RNS this morning from Frontera Resources FRR . Basically they have found a lot more gas at the Mtsare Khevi gas field, in fact, 5 times more than expected and they are only 10km away from gas network. The sale of the gas will provide funds to continue with the expansion of the development. The big question is, what effect will it have on the sp????? 
Also interesting to note that the price of gas is between $4 to $6 per mcf compared with $16 that VOG are getting in Cameroon!!