Resources & environment

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Kenmare

Operational update signals solid third quarter and expansion on track

Kenmare has delivered a solid third quarter with minimal surprise. At the same time, the expansion project is also on track with earlier guidance and titanium markets are tight. We...

Eland Oil and Gas

Cash bid good outcome for shareholders

The all cash offer for Eland by Seplat should be warmly welcomed by shareholders. It is a neat outcome that recognises a degree of upside but also the reality of the current public...

Providence Resources

Calls time on farm-out agreement

Providence has initiated the process to claim back the Barryroe equity assigned to APEC’s 50% working interest in the project. This follows the failure by APEC to perform as agreed...

Premier Oil

H1 performance biased to upper end of expectations

Both financial metrics and operational performance are either in line or at the upper end of expectation. The group is performing well operationally and has lined up a suite of new...

Kenmare

Solid performance across the board

The interim result confirmed a very solid performance across the board and favourable markets for feedstocks. Improvements continue at the operational level — in particular, mining —...

Premier Oil

Trading update points to a good portfolio performing well

Premier Oil’s trading update contains little to surprise and the steady progress evident over the last few years to increase free cash flow and reduce debt, while at the same time...

Providence Resources

A year of waiting and advocating

Providence’s year-end results — or, more accurately, year-end review — point to one that was focused on waiting and advocating for the Irish offshore industry. Both are important for...

Kenmare

Positive DFS signals approval for move to new mining zone

While well flagged already, the positive outcome of the definitive feasibility study (DFS), examining the move of wet concentrator plant (WCP) B to a new mining zone at Pilivili, should be...

Ormonde Mining

Tungsten project update – nearly there

We think the update is largely satisfactory, with the process plant – a crucial element of the operation – working as planned and delivering high grade concentrate. Initial mining – in a...

Falcon Oil and Gas

Learning through play

This year’s drilling activity is structured to glean as much as possible from the various oil and gas targets identified in the Beetaloo Basin, Northern Australia. This will allow the most...