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With less than a fortnight to go before BHP Billiton (BLT) has to make a formal offer for Rio Tinto (RIO), analysts are speculating what might happen if the takeover fails and global economic conditions worsen. Investment bank ABN Amro last week increased its share price target for Rio Tinto... READ MORE >>

Kirkland Lake Gold (KGI:AIM) 510p The precious metals producer should say in April that its South Mine deposit contains more than 1 million ounces of gold when it provides an updated resource statement. This compares with the last estimate – published in July 2007 – of 670,500 ounces... READ MORE >>

Oilex (OEX:AIM) 69p Managing director Dr Bruce McCarthy says 2008 will be a landmark year for the company, having announced an aggressive drilling programme, primarily focused on its acreage in Oman, India and Indonesia, with up to 17 new wells planned. The Australian company, which has a... READ MORE >>

The demerger of Egdon Resources (EDR:AIM) and Portland Gas (PTG:AIM), creating two separate Aim-listed companies, has been completed. The latter is focused on gas storage and is awaiting planning permission to construct a facility beneath the Isle of Portland. A decision is expected in the... READ MORE >>

Oil services specialist Rheochem (RHEP:AIM) has secured a $3 million contract to supply drilling fluid to private firm Jubilant Oil & Gas in India. Operations were established in India more than two years ago and CEO Hadyn Gardner says he sees further success to come in the country. The... READ MORE >>