Tonight the Proactive big top pitches up in Manchester as we showcase another batch of exciting junior companies.
The week kicks off this evening at the Midland Hotel, Peter Street, Manchester with a hydrocarbon forum at 6pm.
---Don't miss out and register for the event HERE---
Falcon Oil & Gas is a company with a portfolio stacked with potential game changers.
It has interests covering some 14.7mln acres in Australia, South Africa and Hungary, and a management with a real pedigree.
In the oil and gas game it helps to have a bulging contacts book and while the group already has relationships with industry giants Hess, Chevron and Gazprom, it has had no shortage of interest from others interested in farming in to some of its assets.
Meanwhile, shares in Europa Oil & Gas have shot up 40% over the last month, with investors piling in after the company struck a deal with Kosmos Energy, which will see the major explorer take on and part fund a significant programme off the Irish coast.
The New York listed explorer is best known as the creator, or, as it says, the architect, of the Cretaceous Atlantic play concept, and as a first mover in West Africa it proved it too.
Alongside London-listed Tullow and fellow US firm Anadarko it discovered and subsequently developed the renowned Jubilee field in Ghana, so, as Europa’s chief executive Hugh Mackay says the group’s Irish exploration assets couldn’t be in better hands.
Elsewhere, the oil majors have been gunning for stakes in Kenyan projects ever since the East African country emerged as an exciting new oil province last year after Tullow’s big discovery.
Simba Energy has been biding its time for the right farm-out deal for its key onshore asset there.
And the Toronto-listed junior appears to have chosen well bringing on board Ajax Exploration, a private equity owned oil and gas explorer.
Ajax, which is taking a 66% stake in the block, has pledged to invest over US$36mln into the block with drilling set to begin as early as next year.
Simba believes this is just the start for the company as it lines up similar deals for its assets in Chad and Guinea – two more aces in the pack.
Hassan Hassan, Simba’s managing director of operations, will explain just what to look out for in the coming few months.
Simba will join us again at the London event tomorrow at the Chesterfield Mayfair Hotel, Charles Street, again at 6pm.
Register for this event HERE..
It has been an interesting year for Clive Sinclair-Poulton and his team at Beowulf Mining, which recently took the pragmatic decision to focus on the company’s flagship iron ore projects, Kallak North and Kallak South, in Sweden. The northern portion weighs in at 131mln tonnes, but in fact the potential of Kallak North and its sister deposit to the south has barely been tapped. Furthermore, unlike some of the stranded iron ore in Africa, it is linked into good infrastructure in a country with mining culture.
Goldplat already has gold recovery businesses in South Africa and Ghana, and it is now expanding its footprint in West Africa where it believes the golden growth story lies.
The company has just made its first steps towards realising its dream of joining the big players in the region as it unveiled plans to start a third gold recovery operation – this time in Burkina Faso – called Midas.
An environmental study has been re-commissioned for the site and should be completed by the end of August.
Having just paid its maiden dividend and with the backing of asset management giant Fidelity, Goldplat’s chief executive Russell Lamming is likely to make investors sit up and take notice.
Peru may not be the first name you think of as a major gold or copper producing country, but Mariana Resourcesintends to change that. The company recently announced a new strategy that will see it focus more closely on the Condor del Oro copper-gold porphyry property in northern Peru.
Located in the Cordillera del Condor, one of the most significant underexplored gold-copper belts in South America, a compilation of previous exploration has highlighted an impressive 4 sq km target area, says Mariana. It admits Condor del Oro is a big step for the company but sees it as a potential company maker.
New chief executive Glen Parsons will explain the plans for developing Condor going forward and also give an update on the progress of the strategic review of its assets in Argentina.
The presentations will start at 6pm and finish at around 8pm. Afterwards, the directors will also be available to take questions during a free canapé and wine reception.
** We will be entering guests that arrive before 6pm into our prize draw to win a case of fine champagne that we’ll be giving away after the presentations have finished **