Oil 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
Read moreLondon close: Footsie keeps climbing
6th Apr 2010 16:29
The day was dominated by news that the general election will be held on May 6 following Prime Minister Gordon Brown's announcement, but Footsie was lifted higher by unrelated factors. Petrofac led the market higher on its first day of trading since demerging its UK Continental Shelf assets into a
Read moreLondon afternoon: Early gains dissipating
6th Apr 2010 14:23
Footsie is still in the blue but the gains are slowly dribbling away on a day which, aside from the heavily trailed dissolution of Parliament, is light on news. Petrofac is leading the market higher on its first day of trading since demerging its UK Continental Shelf assets into a new company, Enqu
Read moreLondon midday: Stocks rise as poll date is confirmed
6th Apr 2010 12:14
With official confirmation of a May 6 election date now received the market is enjoying an end to the uncertainty, though sentiment is tempered by the prospect of a hung parliament. Petrofac is leading the market higher on its first day of trading since demerging its UK Continental Shelf assets int
Read moreOil cos. round-up: Europa, SOCO, Hardy ...
6th Apr 2010 08:15
Production at Europa Oil and Gas's Hykeham-1 well, which lies on the PEDL150 licence near Lincoln, has been bafflingly low. 'To date, the well has produced only small volumes of liquid and some gas. This result is completely incompatible with both the wireline log and geological data from the well
Read moreSmall caps round-up: Flying Brands, Sanderson, First Derivatives...
11th Mar 2010 12:17
Flowers and gifts retailer Flying Brands posted a profit before tax of £2.67m in 2009 compared to a loss of £11.91m. Like-for-like revenue in the Garden division rose 6% to £15.9m, with underlying operating profit up to £1.81m (2008: £1.31m). In the Gifts division, there was a little changed loss o
Read moreSmall caps round-up: Entertainment One, Avon Rubber, African Eagle ...
21st Jan 2010 13:01
Entertainment One, trading down at 13.5p last March, hit 65p today after predicting better than expected full-year results following a strong third quarter. The firm behind the Twilight vampire films said the film business has made excellent progress, with 97 films released so far this financial ye
Read moreAurelian and Europa 'delighted' by Romanian well
17th Nov 2009 09:49
Aurelian Oil and Europa Oil & Gas both improved Tuesday after testing at the Voitinel-1 well in Romania revealed between 50 and 100 billion cubic feet of gas in place. The pair said this estimate does not include any contribution from the 1400 sand, which it thinks is likely to be similarly product
Read moreSmall caps round-up: Europa Oil, Rugby Estates IT, Dunedin Enterprise...
13th Nov 2009 14:52
Europa Oil & Gas is up after starting drilling at the Hykeham-1 exploration well on the PEDL150 licence near Lincoln in the East Midlands. The well is testing the potential for up to 20 million barrels of oil in place in two target horizons. Target depth of just over 1,000m is expected to be reache
Read moreCluff makes £200,000 profit
10th Nov 2009 15:47
Cluff Gold boss Algy Cluff has cut his stake in the West Africa-focused mining company. The company's chairman and chief executive raised £280,000 from the sale of 400,000 shares, which he obtained through exercising options at 20p a share. That means that he made a £200,000 profit on the shares.
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