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Obtala Resources (LSE: OBT)Macquarie New target price 35p

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Obtala Resources (LSE: OBT)Macquarie New target price 35p

Post Wed Jul 08, 2015 11:52 am

Obtala Resources (LSE: OBT)Macquarie New target price 35p
http://www.smallcapnetwork.com/Obtala-R ... get-price-
timing40
 
Posts: 186
Joined: Jun 2013
Location: london

Re: Obtala Resources (LSE: OBT)Macquarie New target price 35

Post Wed Jul 08, 2015 12:19 pm

Eurasia Mining confirms West Kytlim licence approval

Further details are anticipated to follow this morning's low-key confirmation

Eurasia Mining (LON:EUA) told investors it has secured a mining licence for the West Kytlim project in Russia.

A low-key stock exchange statement confirmed the hotly anticipated news following a sharp rally, up to 60% higher whuch preceded a suspension of trading on AIM this morning.

“Further details of the licence will follow shortly and the suspension of the shares will be lifted at that time,” the company said in the statement.

Two weeks ago Eurasia’s licence application took a major step forward as the Russian Ministry of Natural Resources (MNR) gave its approval and passes it on to Prime Minister Dmitry Medvedev for final authorisation.

Before its suspension Eurasia shares were trading at 1.75p, up from yesterday’s close of 1.25p, and had seen as high as 2p at one stage in early deals.
timing40
 
Posts: 186
Joined: Jun 2013
Location: london

Re: Obtala Resources (LSE: OBT)Macquarie New target price 35

Post Wed Jul 08, 2015 12:26 pm

'Gatwick gusher' waves off chairman David Lenigas

David Lenigas, the chairman of UK Oil & Gas Investments who claimed there may be "multiple billion barrels" of oil in an area near Gatwick airport the company is exploring, is stepping down from the board.

The Aim-listed resources minnow, which earned the "Gatwick gusher" nickname after Mr Lenigas' comments in a BBC interview, said on Wednesday that the Australian businessman was "retiring from the board," Naomi Rovnick writes.

Mr Lenigas will now leave the running of the business to CEO Steve Sanderson, who is also taking on the role of executive chairman.

He will "focus on other business interests," UK Oil & Gas added. while also staying on as a consultant for "at least four months to assist with this transition".

The tiny company's penny shares rose by more than 200 per cent following Mr Lenigas' comments about the possibility of vast oil resources in the Weald Basin in Horse Hill in Surrey, to the princely price of 3p. They have since fallen to 2.1p.

In Wednesday's statement, Mr Lenigas said:

It is my policy to step down from the boards of companies once I believe that they have reached a state of maturity where they require sector-experienced executive management to take over.

The progress the Company has made is a source of great satisfaction and I feel confident that this is the right time to hand over the reins to a respected oil executive with high credentials who I believe will continue to drive the Company forward.
timing40
 
Posts: 186
Joined: Jun 2013
Location: london

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