Resources round-up: Amerisur, Ormonde, ATH...
28th Mar 2012 13:09
Ormonde Mining has reported further positive gold assay results at its Zamora Gold Project. Drilling of the nine-hole programme, which is being funded by the firm's joint venture partner Aurum Mining, has been completed and assay results received for the initial three holes (ORMP 13, 14 and 15). The
Read moreAmerisur gets rig for Colombian project
12th Mar 2012 07:18
South America-focused oil and gas group Amerisur Resources has signed a contract for a drilling rig for its Platanillo project in Colombia. The Serrinco D10 1200HP drilling unit will be used for two firm wells with a continuing option to extend for further wells and the contractor for the rig expec
Read moreSmall caps round-up: Amerisur, Orchid, Herencia...
13th Feb 2012 12:10
Amerisur Resources, an oil and gas producer and explorer, has mobilised the work rig D-6 to the Platanillo Field, Colombia. Once the unit is rigged up and tested, the Platanillo-2 well will be re-entered and worked over. The work over programme will evaluate the previously untested formation over a
Read moreAmerisur Resource granted modification to licence
23rd Nov 2011 13:58
Amerisur Resources, an oil and gas producer and explorer focused on South America, has been granted a modification to its Global Environmental Licence, over an increased area of 4,480 hectares. The licence was granted by the Ministry of Environment and Sustainable Development following the company
Read moreProfits up 94% at Amerisur Resources
26th Sep 2011 12:30
Operating profits soared 94% at South America-based oil and gas explorer and producer Amerisur Resources in the first half of the year. Revenue for the period grew from to $6.6m (2010 H1: $4.5m) leading to operating profits of $1.8m. Pre-tax profit more than doubled on a like-for-like basis from $
Read moreLondon close: Big gains after eventful day
13th Jul 2011 16:33
Stocks finished with good gains at the end of an eventful day. A raft of updates sent shares in both directions in early dealings, but the main drama came later in the day when Rupert Murdoch's News Corporation withdrew its bid for satellite broadcaster BSkyB. Stocks were boosted in afternoon tradi
Read moreLondon midday: Supergroup leads the climb
13th Jul 2011 12:12
Stocks are heading in both directions following a raft of updates, but the overall direction is higher, with trendy fashion retailer SuperGroup the standout stock. SuperGroup, famous for the Superdry brand, said full-year underlying pre-tax profit soared by 89% to £50.2m, from £26.5m previously, su
Read moreAmerisur plays the waiting game
13th Jul 2011 11:50
South America focused oil and gas firm, Amerisur Resources, said it expects to begin drilling of new locations in Columbia in the final quarter of 2011. The company applied to the Columbian government in January to build an access road and eight new drilling locations in its Platanillo field. Howe
Read moreFriday tips round-up: Qinetiq, Amerisur Resources, Shanks...
27th May 2011 06:35
Qinetiq posted better-than-expected full-year figures, with underlying operating profits climbing by 21% to £145.4m, against analyst hopes of around £140m. But that wasn't all. Qinetiq said it had slashed its debt burden to a manageable £261m from £457m. And it also cheered income investors by annou
Read moreSoaring revenue pushes Amerisur into the black
6th Apr 2011 11:57
South America focused oil and gas firm Amerisur Resources moved back into the black in the first nine months of its financial year. Operating profit in the nine months to the end of 2011 was $2.24m, versus a loss of $2.85m in the 12 months to 31 March 2010. The company is in the process of changing
Read moreSmall caps round-up: Amerisur Resources, Laura Ashley, Begbies...
16th Dec 2010 13:13
South America focused Amerisur Resources made a $1m profit in the six months ended 30 September compared with a $1.1m loss the year before. "Post period end, the extremely adverse weather conditions have led to a delay in the 3D3C seismic programme at Platanillo, however we still remain on track
Read moreSmall caps round-up: Zoo Digital, City of London, Galleon...
24th Nov 2010 12:26
Film software firm Zoo Digital posted a maiden interim profit in the half year to September as its main clients kept spending. Revenue was flat at $8.1m, but operating profit rose 36% to $880,000 reflecting a switch to higher margin work. Interim profits came in at $388,000 compared with a loss of
Read moreSmall cap round-up: Nighthawk, Renold, Scapa...
14th Oct 2010 11:51
US-focused oil and gas group Nighthawk has secured a £25m equity finance facility "to continue the development of the company's asset base." Chain-maker Renold has continued to see strong sales. "The strengthening order book gives good confidence for the third quarter," it said. "While visibil
Read moreOil cos. round-up: Petro Matad, Faroe, Amerisur
21st Sep 2010 09:00
Mongolia-focused oil explorer Petro Matad ran into mechanical problems with the drilling of its Davsan Tolgoi-2 well but said operations are now progressing normally. Currently the well is at the intermediate casing point, matching the pre-drilling prognosis, of 1,091.5 metres below surface. The
Read moreSmall caps round-up: Forbidden Technologies, Statpro, PetroLatina...
4th Aug 2010 12:50
Shares in Forbidden Technologies rallied after the internet video streaming firm announced that Renegade Pictures is using its video platform FORscene for the production of its fourth series of BBC 3 series 'Don't Tell The Bride'. Asset management data firm Statpro posted a 10% drop in half year pr
Read more