Ascent pleases with well update
10th Jul 2012 08:06
European oil and gas company Ascent Resources has been lifted by better-than-expected results at the PEN-105A gas well in the Penészlek field of north-eastern Hungary. The firm recently completed operations to add additional perforations to the well, which is a sidetrack of the PEN-105 well and was
Read moreResources round-up: Thor, Patagonia Gold, Amerisur ...
30th May 2012 12:37
Oil and gas producer Amerisur Resources has logged, cased and cemented the Platanillo-3 well in Colombia, the first of a six-well drill programme. Testing equipment has been mobilised and will shortly begin production tests. The reservoir sections encountered in the well are currently being studied
Read morePearson chief sells £0.5m worth of shares
12th Dec 2011 16:36
Marjorie Scardinom, chief executive of Pearson, has made multiple sales of her stake in the firm on the same day it announced plans to sell its 50% stake in FTSE International to the London Stock Exchange. Scardinom, 64, sold 32,960 at 1,147.00p each, 12,040 at 1,140.59p, and 5,000 at 1,147.49p fo
Read moreAscent soars on successful well test in Slovenia
25th Nov 2011 08:54
Ascent Resources, the Europe-focused gas company, saw its share price rise by almost a third in early trading on Friday following the announcement of a successful test on a well at its Peti?ovci site in Slovenia. Ascent, which has a 75% stake in the project, used hydraulic fracturing for the test a
Read moreAscent licence extended
13th Sep 2011 16:12
Oil and gas exploration firm Ascent Resources has received confirmation of the extension of its M10/M11 block licenses have been extended to June 30 2013. The project is located in the southern North Sea, off the coast of the Netherlands. There are three structures in the licence area, all of wh
Read moreShareholders happy as Ascent pares losses
7th Sep 2011 12:38
Shares in AIM listed oil and gas firm, Ascent Resources, rose almost 7% today after it cut losses and said a successful drilling campaign in Slovenia would allow it to exploit a "game changing asset". The exploration firm pared its pre-tax losses from £3.4m in the first six months of 2010 to £2.2m
Read moreAscent spuds well in Slovenia
23rd Jun 2011 14:13
AIM-listed onshore oil and gas group Ascent Resources has commenced drilling at the second redevelopment well of its Peti?ovci Project in Slovenia, which could increase gas estimates significantly. Shares were trading 3.82% higher at 3.40p as of 14:28 on Thursday afternoon. The Pg-10 well's object
Read moreAscent sees possible significant upside in gas volumes
13th Jun 2011 16:03
Ascent Resources, the oil and gas exploration and production company, has completed the drilling of the Pg-11A well in the Peti?ovci Project, in Slovenia. Initial results are being described by management as encouraging. The presence of good quality gas has been confirmed, as well as the discovery
Read moreF&C chairman continues buying
18th Mar 2011 16:54
F&C Asset Management chairman Edward Bramson's interests have been consistently buying shares in the past week, while F&C chief executive Alain Grisay has made a significant disposal. Bramson was appointed chairman of F&C last month after a shareholder coup but his investment vehicle SIGA LP had
Read moreAscent confirms potential of Slovenian well
16th Feb 2011 13:22
Results from the first phase of operations on the Pg-11 well, in which Ascent Resources has a 75% stake, have exceeded expectations and underpinned its commercial potential, the group says. Shares in the oil and gas firm rose sharply on Wednesday after all six reservoirs at the well in the Peti?ovc
Read moreSmall caps round-up: Geong, Orosur Mining, XG Technology...
2nd Dec 2010 10:29
Chinese software and internet solutions provider Geong reported a 28% slump in turnover for the six months ended 30 September to £4.7m, though profits rose 17% to £0.7m. Chief executive Wang Weidong called it a "satisfactory" set of interim results and said the company expects full-year numbers to
Read moreSmall caps round-up: Huntsworth, Porvair
19th Nov 2010 15:31
Shares in public relations outfit Huntsworth fell back after it said some of the revenues it had expected to come in this year will be delayed until 2011. It also announced that finance director Tymon Broadhead is stepping down to be replaced by Colin Adams, currently finance boss at the Harry Pott
Read moreLondon close: Strong gains for FTSE 100
13th Oct 2010 16:36
Footsie moved up gear following a strong start on Wall Street, and was nearly posting triple-digit gains at trading's close. US stocks are going well following strong results from processor group Intel and banking giant JP Morgan and strong indications from the Federal Reserve that further stimulus
Read moreLondon afternoon: Still up over 1%
13th Oct 2010 14:45
The leading index broke above 5,750 briefly ahead of the opening bell on Wall Street, its highest since the end of April, led by a powerful mining sector. US stocks have started well - the Dow Jones is up almost 70 points - following strong results from Intel and JP Morgan and strong indications fr
Read moreLondon midday: Footsie boards the Fed express
13th Oct 2010 12:05
Hints from the US Federal Reserve that it will resume its bond buying programme sooner rather than later galvanised the UK market in the morning session with mining stocks going particularly well. Xstrata, Anglo American, Rio Tinto and Antofagasta are the pick of a mining sector buoyed by the pros
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