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Follow Jamie on: Proactive Oil & Gas weekly highlights: Bahamas Petroleum, Providence Resources, ADM, Union Jack, 88 Energy, Deltic, Advance Energ, Mosman It was another active week in the small-cap oil and gas sector. Bahamas Petroleum Company PLC (LON:BPC) will convene an extraordinary general meeting and it revealed a number of material changes to the business including a £6.9mln capital raise, a new chief executive, and a rebrand to ‘Challenger Energy Group PLC’. Challenger Energy will in the near-term focus on cashflow and production whilst managing a cost cutting initiative to redu...

Proactive weekly mining round-up: Rio Tinto, Greatland Gold, Kavango Resources... Some of the stories from a big week for mining news in a snapshot Greatland Gold PLC (LON:GGP) has commenced drilling under the Juri joint venture with partner Newcrest Mining Ltd (ASX:NCM). The Juri joint venture is in the highly prospective Paterson province of Western Australia. Rio Tinto PLC (LON:RIO) said production in the first quarter was in line with guidance despite significant rainfall hampering iron ore output in Australia. The international mining group also retained its output expectations for ...

Follow John on: Small cap movers: Baron Oil comes to the boil after increasing its interest in the Chuditch discovery A look at some of the major movers among small caps over the last week Baron Oil PLC (LON:BOIL) has increased its shareholding in SundaGas from 33.33% to 85%, and thereby increased its indirect interest in the Chuditch discovery off the coast of Timor-Leste from 25% to 63.75%. The news made the shares of the company, which appropriately enough has a ticker symbol of BOIL, this week’s hottest items, with a gain of 70%. Everything is in place to allow SundaGas to undertake the...

A glance at some of the day's headlines from the Proactive Investors newswire

Follow Oliver on: A glance at some of the day's highlights from the Proactive Investors newswire Franchise Brands PLC (LON:FRAN) made a strong start to the year, it said, with underlying earnings (EBITDA) growing 24% to £2mln in the first three months of 2021 as turnover returned to pre-Covid levels towards the end of the period. 88 Energy Ltd’s (LON:88E) quarterly activities update said the Merlin well is able to be re-entered to drill a side-track that could be flow-tested. It comes after the well provided some evidence of oil but due to equipment failure and poor hole conditions, could ...