Europa Oil & Gas says UK oilfield may hold shale gas
13th Jan 2014 16:39
Europa Oil & Gas has won extra time for an oil exploration project in the UK's East Midlands that could hold shale gas. Europa, which has operations off the coast of Ireland and onshore activities in France and the UK, said Britain's Department of Energy & Climate Change had extended its phase one
Read moreTotal farms into IGas joint-venture, supporting valuation
13th Jan 2014 09:20
French petrochemicals major Total has announced its decision to 'farm-in' into two shale gas exploration licenses in the UK Midlands currently operated by eCORP of the US, giving a boost to the government's efforts to recreate a US-Style boom in the sector. That is the third transaction recently
Read moreEgdon Resources agrees farm-in deal for PEDL209 licence
28th May 2013 08:28
AIM-listed oil and gas producer Egdon Resourceshas agreed terms with Blackland Park Exploration (Blackland Park) and Stelinmatvic Industries (Stelinmatvic) for a farm-in to UK Onshore Petroleum Exploration and Development Licence PEDL209 located in Lincolnshire. Under the terms of the farm-in agr
Read moreEgdon Resources reports farm-out of interest in the Wressle Prospect
8th May 2013 11:12
AIM-listed UK-based exploration and production company Egdon Resources has reported the farm-out of an interest in Petroleum Exploration and Development Licence 180 (PEDL180) to Union Jack Oil. The group reported that the farm-out highlighted the company's strategy of farming out assets to manage
Read moreEgdon Resources finalises restructuring of its interest in the Mairy Permit
22nd Jan 2013 11:42
Egdon Resources has provided an update in relation to its Mairy Permit located in the eastern part of the Paris Basin in onshore France. The AIM-listed oil and gas exploration company stated that it had been informed by operator, Hess Oil France, that drilling operations had commenced on January 2
Read moreResources round-up: Lenigas, Altona, Egdon Resources
5th Nov 2012 16:02
Oil explorer Lenigas continued its recent good run after its revealed it has sold its remaining minority in the US Gulf of Mexico. The company is receiving $1.25m for its interests in seven leases which, during 2011, earned £383,000 in revenue for the company and £204,000 in profits. The funds obta
Read moreMonday broker round-up
5th Nov 2012 08:19
Aggreko: Goldman Sachs cuts target from 3,692p to 3,460p, conviction buy rating kept. Asian Citrus: Seymour Pierce keeps buy rating and 50p target; BG Group: Nomura keeps buy rating and 1,600p target. BP: HSBC cuts target from 550p to 530p, overweight rating kept. Brewin Dophin: RBC Capital Mark
Read moreResources round-up: Rare Earths, Egdon, Angel, Minco
19th Jul 2012 15:05
Egdon Resources has been granted permission for an an exploratory borehole near the UK village of Westerdale through its 40 per cent-owned licence in the area. The Westerdale-2 well is planned to evaluate the Ralph Cross/Westerdale gas discovery in an area near the Ralph Cross-1 well, which previous
Read moreResources Round-up: Ferrex, Egdon, Sirius...
14th Mar 2012 14:56
Ferrex, an iron ore and manganese development company, has received approval from the Department of Mineral Resources of South Africa to take control of Umbono Minerals Holdings, which holds exploration rights over the Leinster Manganese Project in the Northern Cape Province, South Africa. According
Read moreCable and Wireless chairman pockets shares
16th Nov 2011 15:22
The chairman of FTSE 250 firm Cable and Wireless Worldwide has snapped up shares just one day after the firm announced a big fall in profits. John Barton pocketed 100,000 in the embattled telecoms firm for a total sum of £22,940. Earlier this week C&WW posted pre-tax profits of £35m in the first
Read moreIt's good news all round for Egdon
7th Nov 2011 15:08
Egdon Resources, a hydrocarbon explorer and producer, saw production, revenues and profit rise for the year ended 31 July. The number of barrels of oil equivalent rose 73% from 27,056 to 46,919 year-on-year, leading to revenues of £2.38m, a 90% rise compared to the previous year (2010: £1.25m).
Read moreEgdon completes sale of stake in Avington
21st Sep 2011 16:06
UK-based exploration group Egdon Resources investors were happy after the group announced the completion of the sale of a 10% interest in the Avington oil field, for a consideration of £400,000 in cash. Under the transaction, the company has sold a 5% interest to IS E&P and a 5% interest to IS NV,
Read moreEgdon's production jumps despite delays
19th Apr 2011 15:34
UK-based exploration group Egdon Resources saw revenues from oil production grow by 87% in the first half, while the disposal of French assets helped profits surge. However, chairman Philip Stephens cited that the progress made over the period came slightly slower than hoped: "We continued to be f
Read moreSmall caps round-up: API, Egdon, New World Resources ...
28th Jan 2011 08:18
Packaging and holograms supplier API Group has completed the sale of its 51% interest in loss-making foil manufacturer Shanghai Shen Yong Stamping Foil for $2.8m. Egdon Resources is to acquire the entire interest of fellow oil and gas firm Valhalla in two UK petroleum exploration and development li
Read moreC&W Communications recovers as boss buys shares
5th Nov 2010 11:22
News that Cable & Wireless Communications' chief executive bought shares in the company the day it released disappointing results has sparked a recovery in the telecommunications company's share price. Tony Rice spent nearly £500,000 on shares yesterday taking 1m shares at 49.7p a time, the company
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