Winter 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
Read moreOil companies round-up: Max, Dominion, Petroneft ...
20th Sep 2010 08:33
The share price of Kazakhstan-focused oil firm Max Petroleum tanked on Monday morning after the company said it has plugged and abandoned the KAW-1 exploration well on the Karsak West prospect on Block E. The Sun ZJ-30drilling rig will now move to drill the UTS-1 exploration well on Uytas prospect
Read moreAurelian hitting milestones
9th Sep 2010 17:10
Aurelian Oil & Gas, the Europe-focused oil and exploration company, said its exploration programme is still in line with the key milestones published in October 2009. "Our key Polish projects at the Siekierki Tight Gas reservoir and the Bieszczady Carpathian oil prospect are both progressing well a
Read moreLondon afternoon: Back to square one
24th May 2010 13:42
Footsie has limped back into positive territory, helped by an about turn by the mining stocks. After spending the morning down in the dumps Rio Tinto is now the best performing mining stock as metal prices head northwards. Fellow mining stocks Xstrata and Anglo American join Rio on the rise but S
Read moreLondon midday: Resource stocks under the weather
24th May 2010 12:35
Resource stocks have driven the Footsie into the red after a bright start. The oil disaster in the Gulf of Mexico has cost BP about $760m (£525m) so far and the under-fire oil giant faces being "pushed out of the way" if its clean-up operation doesn't do better. So far 23,000 claims have been fi
Read moreLondon close: Shares limp higher
24th May 2010 10:50
On an largely directionless day for Footsie, the leading share index was just a few points higher at trading's close. Shares in BP were under pressure again. The oil giant followed what has become a daily update on the oil leak situation in the Gulf of Mexico with an announcement that it will pay
Read moreAurelian Oil making progress
24th May 2010 07:52
Eastern Europe focused oil and gas explorer and producer Aurelian said its activities in Romania are proceeding according to plan while in Bulgaria it expects to drill two wells in the second half of the year. The company said the initial fracture simulation of the 1650 sand in its Voitinel-1 well
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