Ascent 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
Read moreLondon open: Wall St rally boosts Footsie
13th Oct 2010 08:48
Last night's recovery on Wall St following the Federal Reserve's hint at further stimulus measures has boosted London early on despite a big bank cash call. Standard Chartered, the emerging markets focused bank, is preparing for stricter capital requirements for banks with a £3.26bn cash call. The
Read moreAscent rises on resource estimate
13th Oct 2010 08:19
Ascent Resources, the oil and gas exploration and production company, has received an independent report corroborating the highly prospective nature of its Petisovci-Lovaszi project area on the Hungarian-Slovenian border. An independent oil and gas assessor has estimated proven and probable (P50) r
Read moreDaly buys at BAT
1st Oct 2010 16:31
British American Tobacco's chief operating officer John Daly has invested nearly £511,000 in shares in the tobacco company. He has bought 21,200 shares at 2408.57p each and that takes his beneficial stake to 52,417 shares. Daly joined BAT as a result of its merger with Rothmans in 1999. He was a
Read moreJKX kicks off Bulgaria drill programme
2nd Sep 2010 08:17
JKX begins a two-well drill programme in Bulgaria today to test targets will an estimated resource of up to 60 billion cubic feet (Bcf). The Staro Oryahovo South R-1 well in the Kamchia basin, south west of Varna, will take until the end of the month to drill to its target depth of 1,800m. It has
Read moreAscent Resources Ups Interest In North Sea Blocks M10/M11
15th Jul 2010 07:39
LONDON (Dow Jones)--Ascent Resources PLC (AST.LN), an oil and gas exploration and production company, said Thursday that through its subsidiary Ascent Resources (Netherlands) BV ('ARN'), has increased its interest in the M10/11 block in the southern North Sea off the Netherlands' coast. MAIN FAC
Read moreSmall caps: Charles Taylor, 888, Amerisur...
1st Jul 2010 11:52
Insurance specialist Charles Taylor reports trading in May and June has met expectations with continued good performances from its insurance, run-off and loss adjustment businesses. Personnel costs have risen in management services, because of the continued increase in Standard Club tonnage, and a
Read moreAscent Resources Increases Interest In Petisovci Project
1st Jul 2010 08:27
LONDON (Dow Jones)--Ascent Resources PLC (AST.LN), an oil and gas exploration and production company, said Thursday that through its subsidiary Ascent Slovenia Ltd or ASL, has increased its interest in the Petisovci project in Slovenia, following the transfer of Kulczyk Oil Ventures Inc's 30% stake
Read moreSmall caps round-up: Ascent Resources, DCC, Newmark...
18th May 2010 11:03
Pre-tax losses widened sharply at Europe-focused oil and gas group Ascent Resources in 2009 as the company felt the pinch of lower commodity prices. Pre-tax losses grew to £10.57m from £4.5m the previous year on revenues that narrowed to £890,000 from £1.47m. Managing director Jeremy Eng said: 'W
Read moreSmall caps round-up: Acal, Ashmore Global, DDD
19th Apr 2010 13:46
Components distributor Acal's second half profit will be ahead of market forecasts as sales in its electronics arm beat forecasts. Since February, the electronics division, which accounts for around three quarters of group revenues, has seen a continued improvement in trading. At 31 March 2010 the
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