Global Energy Development to change name to Nautilus Marine Services
8th Feb 2017 11:08
(ShareCast News) - Oil company Global Energy Development's shares climbed on Wednesday following confirmation that it will change its name to Nautilus Marine Services, as well as buy 11 offshore subsea service vessels and a barge vessel. The AIM-listed company said that it gained approval for the na
Read moreGlobal Energy vessel purchase just about complete
30th Jan 2017 15:25
(ShareCast News) - Global Energy Development announced on Monday that, further to its announcement on 16 January, the foreclosure process associated with the Transaction B Assets was now complete and the assets had been transferred to Maritime Finance. The AIM-traded firm said Maritime Finance was a
Read moreGlobal Energy buys 11 vessels as it transitions to subsea services
16th Jan 2017 14:47
(ShareCast News) - Global Energy Development announced on Monday that it has conditionally agreed to purchase 11 offshore subsea service vessels and a barge vessel as it seeks to adopt a new business strategy focusing on the subsea oilfield services sector. The AIM-traded company confirmed it has en
Read moreGlobal Energy widens acquisition prospects
15th Sep 2016 10:59
(ShareCast News) - Global Energy, a petroleum exploration, development and production company based in Colombia, has decided to expand its operations due to the low oil price environment, even as its current output turnover decreased. According to the board sustained low oil pricing has created enh
Read moreGlobal Energy Development at 10-year low as oil price slumps
26th Jan 2015 12:09
Global Energy Development saw shares hit a 10-year low after sliding oil prices hit its reserves valuation and prompted the write-down of assets in the Bocachico contract area. Lower oil prices called in to question the estimated quantity of proved and probable reserves, as well as predicted futu
Read moreGlobal Energy Development shares soar after Llanos Basin sale
5th Dec 2014 08:54
Oil explorer Global Energy Development has completed the sale of its rights and obligations for the Llanos Basin contract area in Colombia. The Latin America-focused group has sold its subsidiary Colombia Energy Development Capital to a subsidiary of oil and gas exploration firm Platino Energy in a
Read moreThursday broker round-up UPDATE
8th May 2014 08:40
Anglo American: Deutsche Bank ups target price from 1510p to 1550p and retains a hold recommendation. Balfour Beatty: Berenberg reduces target price from 350p to 290p and keeps a buy recommendation. BBA Aviation: JP Morgan cuts target price from 386p to 369p retaining an overweight rating. Bodyco
Read morePrezzo founder and family slice off 3.9m shares
26th Sep 2013 15:53
Restaurant chain Prezzo, which has seen its share price double to around 120p in the past year, on Thursday announced that three of its directors, including its founder, had each sold a 1.3m share slice of the company. Jonathan Kaye, the group's Chief Executive Officer, only made a slight dent to
Read moreFive board members stock up at Chariot Oil & Gas
25th Sep 2013 16:14
Chariot Oil & Gas announced on Wednesday that five of its directors had collectively purchased just over one million shares of the group, just a few days after it posted results for the first half of the year. Non-Executive Chairman George Candar purchased 159,000 shares for a total of £29,892, wh
Read moreGlobal Energy Development publishes update on Bolivar partnering process
26th Apr 2013 12:08
Global Energy Development, the AIM-listed Latin America-focused petroleum exploitation, development and production company has reported that it expects to complete the farm-out of its interest in the Bolivar Association Contract in either the second or third quarter of this year. The Bolivar Associ
Read moreFriday broker round-up UPDATE
12th Apr 2013 07:25
Aggreko: Panmure Gordon raises target price fro, 1727p to 2106p and upgrades from hold to buy. Alternative Networks: Westhouse Securities moves target price from 280p to 295p and reiterates a neutral rating. Investec raises target price from 330p to 350p maintaining a buy recommendation. Finncap in
Read moreWednesday broker round-up UPDATE
27th Mar 2013 08:52
Amara Mining: Westhouse Securities lowers target price from 124p to 110p, while reiterating a buy recommendation. Ashtead: Canaccord Genuity ups target price to 170p and keeps a buy recommendation. Bellway: Deutsche Bank revises target price from 1381p to 1395p and reiterates a hold recommendation
Read moreTuesday broker round-up UPDATE
18th Dec 2012 07:06
African Minerals: Deutsche Bank cuts target price from 610p to 600p, while its buy recommendation remains unchanged. Aggreko: Morgan Stanley reduces target price from 2230p to 1670p and keeps an equal-weight rating. Anglo American: Deutsche Bank moves target price from 2520p to 2268p, while the bu
Read moreChamberlin Chairman invests 75k
10th Dec 2012 16:25
Castings and engineering group Chamberlin announced on Monday that its Chairman has topped up his stake in the company twice over the couple of weeks. Keith Butler-Wheelhouse acquired a total of 44,500 Chamberlin ordinary shares through his family trust, BW Family Limited (BWFL), representing 0.56%
Read moreBellzone Mining founder sells shares to other stake holder
4th Dec 2012 16:13
The founder of Bellzone Mining, which develops two Iron ore and nickel/copper assets in Guinea, West Africa, has sold 50m shares in the company. Nikolajs Zuks, who has been the company's Managing Director since August 2009, disposed of the shares at 17p each for a total of £8.5m. As a result, Zuk
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