Riverstone Energy investment Sierra Oil & Gas makes major discovery. Sierra Oil & Gas has announced that the Zama 1 well has discovered significant quantities of oil in its primary target formation. Preliminary analysis indicates the presence of a contiguous oil bearing interval of over 1,100 feet (335 meters) gross, with net pay of over 650 […]
Phaunos Timber manager resigns – following the loss of the continuation vote, the Manager of Phaunos Timber Fund Limited, Stafford Capital Partners Limited, has informed the Board of Phaunos that it will resign with effect from the Company’s General Meeting to be held in August 2017. From that date a six month notice period will […]
AEW UK REIT has published its Annual Report and Financial Statements for the year ended 30 April 2017. Highlights: Net Asset Value of £118.67m or 95.98p per share as at 30 April 2017 (2016: £116.38m and 99.03p). Operating profit before fair value changes and disposals of £9.81m for the year ended 30 April 2017 (2016: £6.31m). […]
Alternative Liquidity’s Tim Gardner moves to Warana Capital. Warana Capital, LLC has been formally appointed as Alternative Liquidity’s investment manager on the terms set out below. Morgan Creek Capital Management, LLC, which had been the investment manager of the Company since its inception, has chosen to resign to focus on its activities in the US. The […]
PRS REIT has started making investments – the closed-ended real estate investment trust, which was established to invest in new build homes in the private rented sector and was admitted to the Specialist Fund Segment of the London Stock Exchange’s Main Market on 31 May 2017, says: Immediately following its launch and as planned, it acquired 50 […]
Central Asia Metals (CAML) reports H1 2017 copper production from its Kounrad dump leach copper recovery plant in Kazakhstan up 2% year-on-year to 7,027 t. Sales were 6,870 t, an 8% increase on H1 2016. In April 2017, the company began irrigating the Western Dumps and, during Q2 2017, approximately 1,300 t of copper cathode […]
Caledonia Mining has declared a quarterly dividend of US6.875c per share, a fivefold increase from the US1.375c per share declared in previous quarters. The increase reflects the recent 5-for-1 share consolidation, meaning that the overall aggregate dividend amount is maintained. The company expects to maintain the dividend at this quarterly rate, which represents an indicative […]
Sirius buys properties in Berlin and Grasbrunn – Sirius Real Estate, a leading operator of branded business parks providing conventional space and flexible workspace in Germany, is pleased to announce the completion of the acquisition of two properties for a combined total acquisition cost of EUR24.5 million. On 1 July 2017, the Group completed the […]
LXi REIT gets loan facility – the Board of LXi REIT plc says the company has signed a 12-year, fixed rate, interest only loan facility of GBP55 million with Scottish Widows, acting in partnership with Lloyds Bank Commercial Real Estate. The Facility is repayable on 3 July 2029 and has a fixed all-in rate payable […]
INPP makes digital infrastructure commitment – International Public Partnerships (INPP) has committed jointly with HM Government to make an investment in digital infrastructure and particularly fibre optic broadband connections. It sees long term parallels between the essential nature of broadband connectivity to the home and workplace, and the established businesses of gas and electricity distribution and […]
