Friday tips round-up: Weir Group, Igas Energy, Gulfsands
21st Dec 2012 07:04
Weir Group still looks like a good long-term bet on a growth industry, writes the Times´s tempus column this morning. The market earlier this year had its concerns over Weir's exposure to shale. Over the past 13 months the company invested a total of almost $1.1bn on equipment that serves the US sha
Read moreGulfsands Petroleum acquires Cabre Maroc in Morocco
19th Dec 2012 07:59
AIM-listed oil and gas production company Gulfsands Petroleum has reached an agreement with the Caithness Petroleum Limited Group to acquire Cabre Maroc Limited, a wholly-owned subsidiary and operator of a portfolio of highly prospective oil and gas exploration licences and gas exploitation concess
Read moreGulfsands Petroleum builds up stakes in JVs
23rd Nov 2012 08:14
Oil company Gulfsands Petroleum has acquired an additional 30 per cent participating interest in the Chorbane joint venture (JV) and a 10 per cent participating interest in Kerkouane and Pantellaria JVs, in Tunisia and Italy respectively. It has also formed a strategic alliance with Rift Basin Res
Read moreGulfsands Petroleum renews Chorbane permit
23rd Jul 2012 10:00
Oil and gas producer Gulfsands Petroleum has said that the Chorbane permit, located onshore Tunisia, has been renewed for a further period of three years. Under the terms of the licence renewal, 20% of the previous permit area will be relinquished. The permit is operated by ADX Energy, who agreed
Read moreGulfsands Petroleum disappoints in Tunisia
25th Jun 2012 12:57
Gulfsands Petroleum, an oil and gas company, has said it has been advised by ADX Energy, the operator of the Chorbane licence in Tunisia, that despite good flow rates from the two reservoir zones, the fluids did not contain any oil. Following the drilling out of the safety plug within the previousl
Read moreGulfsands looking beyond Syria
3rd Apr 2012 10:17
Oil and gas producer Gulfsands Petroleum is looking to build a presence in a new country as it waits for the mess in Syria to clear up. "Our objectives for 2012 are to consolidate our position in Tunisia and build a viable non-Syrian leg to the business within the capacity of the group's financial
Read moreTuesday preview: Gulfsand Petroleum, PMI Construction
2nd Apr 2012 15:58
After the Purchasing Managers' Index (PMI) for Manufacturing was released on Monday it is the turn of the Construction sector to have its PMI pulse felt on Tuesday. Market expecations are for the March reading to ease to 53.5 from 54.3 in February, though it is worth noting that any value above 50
Read moreDouble dealing for Gulfsands
3rd Feb 2012 14:36
Gulfsands Petroleum shares were in a double dealing today, with one director buying and another selling stock in the oil and gas firm. Non-Executive Chairman Andrew West, 53, bought up £31,325-worth of shares in the firm, at 179p per share. The director now holds 140,144 shares in the firm. Chie
Read moreGulfsands Petroleum claims to be owed $25m
2nd Feb 2012 13:39
Gulfsands Petroleum, the oil and gas company with significant interests in Syria, has said it is owed around $25m, half of the sum the firm claims is owed to Sinochem, the contractor and working interest partner of Block 26 in Syria. Last year Gulfsands declared force majeure on Block 26 productio
Read moreGulfsands revenue hit by new regulations
12th Dec 2011 12:42
Oil and gas firm Gulfsands Petroleum has been hit by new EU sanctions in Syria, where the firm operates, which have prevented the group from engaging in activities, including funding activities, connected with its Block 26 fields, until further notice. As a result, the group does not expect to gen
Read moreGulfsands tanks on Syria sanctions
5th Dec 2011 10:37
Gulfsands Petroleum, the oil and gas company with significant interests in Syria, has seen its share price drop 10% in morning trading after announcing the impact of new EU sanctions against the Syrian regime. The main issues for Gulfsands are a ban on the supply of equipment and technology to the
Read moreHikma non execs buy big stakes
18th Oct 2011 15:34
Two non-executive directors at Hikma Pharmaceuticals have upped their stakes in the Arab world-focused pharmaceutical company. Ronald Goode took 8,000 shares at 633p a time, lifting his stake to 22,700 shares, while Robert Pickering snapped up 7,500 shares at 617p a pop, having previously had none.
Read moreGulfsands reports mixed results from Syria
26th Aug 2011 07:04
Gulfsands Petroleum, the AIM-listed oil and gas firm, revealed that oil has been discovered at its Yousefieh East exploration well (Yous-6) in Syria, but revealed that it had to abandon another well in the country. The firm, which also has activities in Iraq, Tunisia, Italy and the US, said Yous-6
Read moreTuesday tips round-up: Morgan Sindall, Centrica, Imperial Tobacco
9th Aug 2011 06:48
Cautious optimism is about the best one can expect from a business such as Morgan Sindall, so heavily exposed is it to a range of activities in construction. The shares have been trending down since the start of the year and sell on less than eight times' earnings and have the support of a yield app
Read moreGulfsands hits daily production target in Syria
8th Aug 2011 11:24
AIM-listed oil and gas firm Gulfsands Petroleum has exceeded its daily gross oil production target for 2011 for the Khurbert East Field in Syria. The firm announced on Monday that the Block 26 oil production facility capacity was 24,504 barrels of oil per day (bopd) on 6 August, passing its year-en
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