Falkland Oil slides after discounted placing
13th Jan 2012 10:04
Falkland Oil and Gas (FOGL), one of the firms hoping to discover substantial oil resources around the Falkland Islands, saw its share price sink after placing shares at a steep discount. The company has raised £48.5m through the placing of 112.8m shares at 43p per share, more than 7p below the mid-
Read moreWednesday broker round-up - UPDATE
11th Jan 2012 08:56
Unilever: Bank of America Merrill Lynch downgrades to underweight from neutral. Aggreko: Credit Suisse downgrades to neutral from outperform. Capita: Citi upgrades to buy from neutral. Reckitt Benckiser: Morgan Stanley upgrades to overweight from neutral. Rentokil: RBC upgrades to top-pick fr
Read moreBorders & Southern set for Falklands drilling
20th May 2011 12:04
Oil exploration group Borders & Southern said it has made strong progress towards testing the exploration potential of its prospects in the Falkland Islands in the past year. Losses from operations in the year to 31 December widened to $1.5m (£930,000) from $1.2m the previous year. "We've signed
Read moreBorders & Southern hires Falklands drill unit
29th Nov 2010 07:56
Borders & Southern Petroleum has bought the services of the Eirik Raude drilling unit to help it complete a two well drilling programme in the Falkland Islands. The company, which signed the contract with Ocean Rig UDW Inc, will be able to start drilling when the harsh environment semi-submersible
Read moreSmall caps round-up: Armor Designs, Borders & Southern, Park Plaza...
30th Sep 2010 11:28
Armor Designs, which develops lightweight armor, admits there's "much work to be done" after net losses grew from $6.8m to $7.8m in the first six months of 2010 despite an increase in sales to $577,000. "We continue to pursue new capital in order to allow us to move quickly to improve our results a
Read more2nd UPDATE: Falkland Oil & Gas Falls As Toroa Disappoints
12th Jul 2010 12:53
(Adds analyst comment and detail.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Oil and gas explorer Falkland Oil & Gas Ltd. (FOGL.LN) Monday said it didn't find oil at an exploration well off the coast of the Falkland Islands, marking the second disappointment in a mixed
Read moreUPDATE: Falkland Oil & Gas Falls As Toroa Disappoints
12th Jul 2010 09:03
(Adds background and detail.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Oil and gas explorer Falkland Oil & Gas Ltd. (FOGL.LN) Monday said it didn't find oil at an exploration well off the coast of the Falkland Islands, marking the second disappointment in a mixed campa
Read moreSmall caps round-up: Borders & Southern, Rockhopper, Caza,
20th May 2010 12:55
Oil and gas group Borders & Southern Petroleum is to join the rush to find oil near the Falkland Islands after raising funds last year. 'Our successful capital raise in November allows us to comfortably fund a drilling programme on our exciting prospects in the South Falkland Basin without diluting
Read moreSmall caps round-up: Borders & Southern, AT Communications, Scapa ...
28th May 2009 09:02
Falklands Islands-focused oil group Borders and Southern said it is ready to seek partners for its licenses after defining a multi-billion barrel prospect inventory in the South Falkland Basin. The group posted a pre-tax loss of £4.7m in 2008, compared with £336,000. While noting that the price of
Read more