Solo Oil: Now Full Party To The Ruvuma Joint Operating Pact
24th Jun 2010 09:43
LONDON (Dow Jones)--Solo Oil PLC (SOLO.LN) said Thursday it has now become a full party to the Ruvuma joint operating agreement with Tullow Oil PLC (TLW.LN) as operator owning 50% of the Lindi and Mtwara blocks in partnership with Aminex PLC (AEX.LN) owning 37.5% and Solo owning 12.5%. MAIN FACT
Read moreAminex Places Shares To Raise GBP1.2M For Exploration Costs
9th Jun 2010 07:15
LONDON (Dow Jones)--Aminex PLC (AEX.LN), an oil and gas explorer, said Wednesday it has been offered participation in an exploration project by a major regional operator in Louisiana, and will place 17.2 million, new ordinary shares at 7 pence per share to raise GBP1.2 million to be able to take adv
Read moreLondon close: Footsie bounds ahead
1st Apr 2010 16:57
London's blue chips moved forward again with miners and resource stocks driving the index upwards ahead of the Easter break. Footsie is now up by over 6% since the start of the year and by 45% over the past 12 months. Miners and oil companies were lifted as manufacturing activity accelerated in C
Read moreLondon close: Gains pared at the close
17th Mar 2010 16:48
London's gains were trimmed just before the close as traders took a few profits before heading off to celebrate St. Patrick's Day. Nevertheless, it was the highest close for the Footsie since the middle of 2008. Mining stocks led the advance, despite conflicting views in the broking community on th
Read moreSmall caps round-up: Afren, ValiRx, ECO Animal Health
17th Mar 2010 15:23
Afren is wanted Wednesday after it signed an additional drilling contract for the GSF High Island Vll jack-up rig to carry out planned drilling on their assets located offshore South East Nigeria. "The second rig, secured at competitive rates, gives Afren and our indigenous partners the flexibility
Read moreLondon afternoon: Brokers in miners disagreement
17th Mar 2010 14:29
A firm opening by Wall Street gave UK shares an additional fillip over the lunchtime trading session. Miners are leading the advance, despite conflicting views in the broking community on their merits. Societe Generale is in the bearish camp, cutting sector giants BHP Billiton and Rio Tinto from 'b
Read moreSmall cap round-up: Matra, Strategic Natural, SWP...
17th Mar 2010 12:48
Losses at Matra Petroleum in 2009 reduced to €2.3m from €8.7m. Results of the A-13 well are expected in May and these will help us define the extent of the Sokolovskoe development. Operational difficulties have caused minor increases in the expected well costs from $4.5m to $4.85m, the company rem
Read moreSector movers: Oils stocks gush higher
11th Jan 2010 15:26
Cairn Energy is lifting the oil sector higher after being upgraded to 'buy' from 'hold' by the broker Citigroup. The broker sees strong potential in the oil explorer's accelerated activities in Greenland. Among smaller companies, shares in oil and gas firm Aminex jumped after it announced the spudd
Read moreSmall cap round-up: Aminex, TSE Group, Greystar...
11th Jan 2010 11:01
Shares in oil and gas firm Aminex jumped after it announced the spudding of the Likonde-1 Well in southern Tanzania, in which it has a 37.5% interest. The well is 50% owned by Tullow Oil, with Solo Oil owning the remaining 12.5%. A new contract to improve Brazil's elite performance planning ahead
Read moreSmall caps round-up: Solo Oil, British Polythene, Antrim Energy...
16th Nov 2009 10:26
Solo Oil lost almost a quarter of its value after it announced plans to raise £6.4m and said it has signed a farm-out agreement with Aminex to earn a 12.5% interest in the Likonde-1 well in Tanzania. The group has placed a total of 1,280,000,000 new ordinary shares at a placing price of 0.5 pence e
Read moreFaroe non-exec tops up
1st Oct 2009 17:46
Tim Read, non-executive director of Faroe Petroleum, has topped up his holding despite a surge in the share price over the past two months on a stream of good news. Read bought 25,000 shares at 137p each, marking the first significant buy by a director for some time. Faroe, which is controlled by
Read moreSmall caps round-up: Chime, Gulf Keystone, RTS...
25th Aug 2009 08:53
Chime Communications, the leading marketing services group, said it posted its highest ever first half pre-tax profit. Profit before tax rose 4% to £8.5m on turnover that rose to £137m from £115m before. 'Having delivered the highest profit in our history we have outperformed the market and our co
Read moreSmall caps round-up: MediaZest, Reneuron, Atlantic Coal...
30th Jun 2009 09:00
Display advertising and screens provider Mediazest's pre-tax profits slide in the year as administrative expenses were too high, prompting the firm to undertake further cost cutting measures. The group also said first half of 2009 has seen a drop in activity as a consequence of the economic downt
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