London open: London follows Wall Street higher
27th Sep 2011 08:24
London's leading share index is posting big gains following a strong performance from Wall Street overnight. RBS leads the way as banks continue their strong performance from yesterday, while silver specialist Fresnillo leads the mining sector's recovery. Optimism that European leaders are making
Read moreEuropa Oil and Gas faces tax headache
27th Sep 2011 08:10
AIM-listed tiddler Europe Oil and Gas has been hit by a tax bill of €730,000 by the Romanian authorities following its sale of the Bilca gas field in 2007. The Romanian government says value added tax should have been paid on the transaction. The oil and gas company, which had revenue that barely
Read moreNew boss for Europa Oil
11th Aug 2011 12:44
Oil industry veteran Hugh Mackay is to be the new chief executive officer of Europe-based hydrocarbon explorer Europa Oil & Gas has appointed. Mackay, who will join the company on 10 October of this year, previously held the position of founding chairman at Avannaa Resources, a mineral exploratio
Read moreEuropa doubles production
10th Jun 2011 07:31
Europe-based hydrocarbon explorer Europa Oil & Gas said that group production has doubled since the operational and weather-related issues reported in early March. The firm announced on 1 March that overall production at its West Firsby oilfield in Lincolnshire has been affected by the severe winte
Read moreEuropa Oil & Gas has planning permission denied
26th May 2011 11:41
Surrey County Council has spoiled Europa Oil & Gas's plans by refusing planning permission for the UK onshore Holmwood-1 exploration well. The group has a 40% operating interest in the planned prospect, located in the Weald Basin, which has been in the pipeline since the start of 2010. The group ha
Read moreElevator man buys BP shares
24th May 2011 15:36
Non-executive director George David bought more than £800,000 of shares in BP yesterday, the oil giant announced today. He bought 30,000 American Depositary Receipts (ADS), which is equivalent to 180,000 ordinary BP shares. He paid $43.99 each for half of the ADSs and $43.98 for the other half. Da
Read moreWinter weather hits Europa oil production
20th Apr 2011 13:38
Shares in Europa Oil & Gas fell back after it announced that harsh winter weather conditions hurt UK production in the six months to 31 January. Output was down by about 12% on the same period last year, Europa said. "The exceptionally cold winter weather shut down our UK facilities for two weeks
Read moreEuropa plummets after delays
30th Mar 2011 15:23
Europa Oil and Gas shares dropped by a quarter after it warned that revenues and profits for the year ending 31 July will be below market expectations after a series of drilling delays. The group revealed that achieving optimum rates on the new West Firsby well in Lincolnshire will take some weeks
Read moreBad weather hits Europa's West Firsby field
1st Mar 2011 16:36
Shares in Europa Gas and Oil took a tumble on Tuesday after the company said overall production at its West Firsby oilfield in Lincolnshire has been affected by the severe winter weather. As a result of the bad weather and some operational issues the average production for the 6 months to 31 Januar
Read moreNon-execs show confidence in Devro
22nd Feb 2011 16:53
Buying by Devro directors has kept the share price rising after yesterday's annual results from the sausage casings manufacturer. The shares rose a further 9% to 265.1p each. Chairman Steve Hannam bought 16,616 shares at 240p each, taking his stake to 149,306. The total investment was nearly £39
Read moreSmall caps round-up: Europa Oil, Stellar Diamonds
14th Dec 2010 11:34
Europa Oil & Gas has packed up its things at the Barchiz-1 oil discovery in Romania after finding the lower part of an oil column with some mud and water. Mountain winter conditions have also convinced the explorer to stop work and come back in the spring when it may try a full flow test of the wel
Read moreSmall caps round-up: Europa Oil, Regal Petroleum, Cardiff Property...
25th Nov 2010 12:46
Shares in Europa Oil & Gas gushed ahead after it said drilling at the Barchiz-1 exploration well in Romania encountered oligocene sandstone reservoirs similar to those seen in a nearby field. 'Clearly we are extremely encouraged by this result and look forward to seeing the flow test results in the
Read moreEuropa Oil & Gas completes West Firsby-6 workover
22nd Nov 2010 08:53
Europa Oil & Gas expects further "significant" production growth at the start of next year as all five of its production wells are now onstream. The workover on West Firsby-6 in the East Midlands is complete and the well is back on jet pumped production. It may take a little while for output to re
Read moreSmall caps round-up: BATM, London Finance, Dominion Petroleum ...
10th Nov 2010 13:38
Shares in BATM Advanced Communications surged Wednesday after the group said second half revenues will be some 14% ahead of the first, at $63m, in line with the group's full year revenue guidance of $119m. The telecoms firm also expects operating profit (excluding amortisation) of around $6m for th
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
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