Gulfsands Syria drilling disappoints
2nd Jun 2011 12:57
Shares in Gulfsands Petroleum fell back after the oil and gas group said recent drilling at the Abu Ghazal exploration well in Syria resulted in the recovery of "sub-commercial" quantities of heavy/viscous oil. "The production test results have been disappointing," said chief executive Ric Malcolm.
Read moreProduction and reserves meet Gulfsands' expectations
4th Apr 2011 11:59
Revenues and profits were up last year at Gulfsands Petroleum, the Middle East and North Africa-focused oil and gas exploration and production company. Revenue in 2010 rose to $115.6m from a $84.2m in 2009. Profit before tax rose to $44.65m from $28.27m the year before. Earnings per share shot up 5
Read moreStill only water for Gulfsands at Twaiba-1
9th Feb 2011 08:16
Gulfsands Petroleum has completed testing at its Twaiba-1 exploration well in Syria, but has recovered only very high salinity water from the area where most of the oil is thought to be. "Testing operations are now complete on the Twaiba-1 exploration well, with recovery of only very high salinity
Read moreGulfsands faces defeat at Twaiba
2nd Feb 2011 08:10
Gulfsands Petroleum's testing operations on the Twaiba-1 exploration well in Syria haven't gone well, with only water recovered so far. Oil and gas was detected in the Massive Formation at 1952 metres, while viscous oil was cut and recovered from the Shiranish Formation at 1872 metres, but nothing
Read moreMixed results for Gulfsands
7th Jan 2011 08:11
Oil and gas company Gulfsands Petroleum has been encouraged by the results of its Twaiba exploration well in Syrian but the outcome at the Zahraa well have been disappointing. The Twaiba 1 exploration well, in which the company has a 100% interest, has been drilled to a total depth of 2016 metres m
Read moreThursday tips round-up: CRH, Tullett Prebon, Domino's Pizza
6th Jan 2011 06:40
CRH, the building materials producer that is Ireland's biggest company, spent €367m (£312m) on 17 different purchases in the second half, bringing the year's total to €536m, well ahead of the €450mspent in 2009 and back to pre-crash levels. The group has one of the strongest balance sheets in the
Read moreGulfsands sells non-core assets
22nd Dec 2010 12:32
Gulfsands Petroleum is selling three oil and gas producing assets in the Gulf of Mexico as part of the rationalisation of its US portfolio. AIM-quoted Gulfsands will receive $4.2m before any closing adjustments. The interests are in the shallow water shelf of the Gulf of Mexico and are being sold
Read moreGulfsands abandons Yousefieh South well
25th Oct 2010 15:02
Oil and gas company Gulfsands said that drilling results on its Khurbet East-18 delineation well in Syria indicate that the prolific central crest area of the Khurbet East field extends in a more northward direction than previously thought. "The extension of the crest of the Khurbet East field to
Read moreSunday Tips round-up: Pursuit Dynamics, Supergroup, Gulfsands...
19th Sep 2010 11:55
Pursuit Dynamics has pioneered two revolutionary technological processes - an atomiser that enables water or chemicals to be distributed in a fine mist and a reactor that mixes and heats products faster and more successfully than anything else on the market. It has proved its kit works and it is b
Read moreLondon close: Another sluggish day for FTSE 100
16th Sep 2010 16:40
There was no shortage of company news for traders to ponder today, but Footsie has continued trading in a tight range following recent gains and finished a few points in the red. The US failed to boost sentiment; shares on Wall Street are lower after economic data failed to lift sentiment. Manufact
Read moreLondon afternoon: Footsie drifts lower
16th Sep 2010 14:13
Footsie fell a bit deeper into the red over the lunch time session as a half-hearted rally following disappointing retail sales figures fizzled out. Kingfisher is a high-flyer after interim profits from the DIY retailer were at the top end of the range of expectations as the group achieved strong g
Read moreLondon midday: Footsie seeking direction
16th Sep 2010 12:13
The leading share index is little changed after its flat start amid a mixed reception for today's stream of updates. Kingfisher is a high-flyer after interim profits from the DIY retailer were at the top end of the range of expectations as the group achieved strong growth in each of its three main
Read moreLondon open: Retailers offer mixed bag
16th Sep 2010 08:26
London is seeking direction in the early going despite a welter of company results for the investment community to digest. Today has been termed "retail Thursday" in some quarters with a number of the big names from the edge of town trading estates reporting. Interim profits from DIY retailer King
Read moreGulfsands Petroleum H1 sizzles
16th Sep 2010 08:16
Shares in explorer Gulfsands Petroleum advanced after it said first half sales surged 81% on increased output and oil prices. Pre-tax profit soared to $18.7m for the six months ended 30 June 2010 from $3.9m the year before. Sales for the period jumped to $52.5m. Average group oil production rose 5
Read moreGulfsands parks Lambouka-1 well
8th Sep 2010 07:53
Gulfsands Petroleum today confirmed that the Lambouka-1 well in Tunisia has been suspended to give it the best chance of making something of it. Yesterday, operator ADX Energy said two hydrocarbon bearing zones have been interpreted in the well. "Suspension will allow re-entry at a later date and
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