Resources & environment

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Cairn Energy

No surprise and in control

Reassuringly, the last operational update for Cairn Energy before its final outturn looks to be without surprise. Strategy looks well defined and financial risk is minimal at this point in...

Kenmare

Final trading update for first of two transition years

The full year production outcome is best seen in the context of a two-year transition period, during which the group is trying to expand production and hold existing output at the...

Ormonde Mining

Exits tungsten mine in Spain

The news that Ormonde has sold its 30% share in the Barruecopardo mine in Spain to Oaktree, the major shareholder in the project, for a net €6m is disappointing in the context of...

Premier Oil

Doubles down on North Sea assets and delivers good operational performance

On the face of it, the deal to purchase $800m of North Sea assets makes a lot of sense in that it is in an area Premier Oil understands, ensures efficient use of tax losses and...

Premier Oil

Positive and steady trading update

Premier Oil’s trading update confirms guidance almost across the board. The group has a nice mix of exploration, appraisal and development projects and continues to make good progress...

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 —...