Antrim Energy finds potentially big oilfield off Irish coast
29th Jul 2014 15:35
Shares in Canadian oil & gas explorer Antrim Energy more than doubled after it said it had found a potentially large oilfield off the coast of the Irish Republic. The stock rose 4.6p or 142.3% to 7.9p at 14:46 in London after Antrim said a prospective resources report on its Frontier Exploration Li
Read moreAntrim Energy sells UK subsidiary to raise cash
10th Feb 2014 09:35
North Sea and Ireland oil explorer Antrim Energy is offloading its UK arm for 53m dollars to fund higher-than-expected project costs, boosting its shares. Antrim, which has two producing North Sea fields, has agreed to sell Antrim Resources to First Oil Expro, although it will keep its interests in
Read moreAntrim shares jump as Causeway and Cormorant production resumes
25th Oct 2013 08:24
Canada-based oil and gas company Antrim Energy said oil production at the Causeway and Cormorant East Fields in the North Sea had restarted. It follows the completion of maintenance work on the North Cormorant platform. Antrim, which has a 35.5% interest in the Causeway field and 8.4% interest in
Read moreAntrim Energy fails to impress despite reduction in Q1 losses
15th May 2013 13:53
Antrim Energy shares dropped by nearly a third after the AIM-listed exploration and production company revealed its working capital declined sharply in the first quarter of the year - and despite significantly reduces its losses for the period. At the quarter-end the group had a working capital de
Read moreAntrim Energy's farm out deal with Kosmos Energy approved
14th May 2013 11:54
Antrim Energy's farm out deal with Kosmos Energy has been given the green light by the Irish government. The two will now apply to the Minister of State at the Department of Communications, Energy and Natural Resources for the licensing option 11/5 to be converted into a 15-year frontier explorati
Read moreAntrim Energy pulls withdraws from Fionn Field subarea
1st Feb 2013 09:32
AIM-listed exploration and production company Antrim Energy has elected to opt out of the Fionn Field development in the North Sea, according to an operational update issued by the company on Friday. The company, which has interets offshore in the UK North Sea, Ireland and Tanzania, stated that the
Read moreFriday broker round-up UPDATE
1st Feb 2013 07:55
Afren: HSBC shifts target price from 190p to 200p, while reiterating an overweight rating. Antofagasta: Exane BNP reduces target price from 1500p to 1350p maintaining an outperform rating. Antrim Energy: Westhouse Securities lowers target price from 70p to 65p and reiterates a buy recommendation.
Read moreAntrim Energy: potential hydrocarbon leak on Cormorant Alpha platform
16th Jan 2013 09:17
Antrim Energy has announced that the export infrastructure system used by the Causeway Field and Cormorant East Field in the UK Northern North Sea is currently unavailable due to a potential hydrocarbon leak on the Cormorant Alpha platform. All production and associated pipeline infrastructure ass
Read moreUK oil and gas jobs set to increase, says new forecast
14th Jan 2013 11:35
Offshore jobs in the UK's oil and gas industry will grow this year on the back increased investments in the North Sea, according to a review. Oilandgaspeople.com, a recruitment firm specialising in the energy sector, has forecast the creation of between 40,000 and 50,000 new jobs in its annual revi
Read moreAntrim Energy gains on first oil production from Cormorant East
14th Jan 2013 09:06
Antrim Energy advanced Monday following the announcement of the first oil production from its Cormorant East Field in UK Northern North Sea. The oil and gas company said an initial production rate of 5,500 barrels of oil per day with no water was achieved - 85 days following the discovery of the fi
Read moreAntrim Energy plummets on well failure
6th Dec 2012 08:35
Antrim Energy plunged on Thursday morning after announcing its 30 per cent-owned Cyclone well in the North Sea had failed to strike oil. The firm said that after drilling 6,076ft it hit 105ft of Palaeocene Cromarty sands but the well logs identified only residual oil. This suggested that the tra
Read moreAntrim Energy jumps on North Sea news
22nd Nov 2012 11:51
North Sea-focused explorer Antrim Energy jumped on Thursday after two pieces of news got investors excited. The firm said Premier Oil had begun drilling operations at the Cyclone prospect in the Central North Sea, in which Antrim has a 30% working interest. The drilling will target the Tertiary Cr
Read moreAntrim bags option on FPSO for Fyne Field
13th Nov 2012 08:52
Oil firm Antrim Energy has bagged itself an option to lease a floating production, storage and offloading (FPSO) vessel for the development of its wholly-owned Fyne Field in the North Sea. Antrim will need the FPSO should the UK Department of Energy and Climate Change give the green light to the Fi
Read moreSlow start for Valiant and Antrim's Causeway field
12th Nov 2012 13:47
Initial production rates on Valiant Petroleum's Causeway field in the North Sea have proved lower than expected, due to problems associated with the long horizontal nature of the well. Valiant, with a 64.5% stake, is the operator of the field while Canada's Antrim Energy owns the rest of the rights
Read moreMonday broker round-up -UPDATE
12th Nov 2012 09:03
Afferro Mining Inc: Investec retains buy recommendation and target price at 107p. Antrim Energy Inc.: Westhouse Securities keeps buy recommendation and target price at 70p. ASOS: Investec ups target from 2,450p to 2,675p, buy rating kept. Aveva: Investec keeps buy rating and 2,200p target. Bovis
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