Total farms into IGas joint-venture, supporting valuation
13th Jan 2014 09:20
French petrochemicals major Total has announced its decision to 'farm-in' into two shale gas exploration licenses in the UK Midlands currently operated by eCORP of the US, giving a boost to the government's efforts to recreate a US-Style boom in the sector. That is the third transaction recently
Read moreSunday newspaper round-up: UK economy, RBS, Tesco
1st Dec 2013 16:13
The Office for Budget Responsibility (OBR) will say the economy is growing at twice the rate it forecast in March, the Sunday Telegraph and Sunday Times reported. The OBR will say 2013 growth has jumped to 1.4% from the 0.6% it predicted eight months ago. Next year the economy will grow by about 2.3
Read moreWednesday broker round-up UPDATE
27th Nov 2013 09:14
Aviva: Nomura moves target price from 474p to 489p retaining a buy recommendation. Bellway: Numis upgrades to buy with a target price of 1690p. Breedon Aggregates: Jefferies starts with a target price of 42p and a buy recommendation. Britvic: UBS ups target price from 575p to 600p and keeps a neu
Read moreTuesday broker round-up UPDATE
10th Sep 2013 08:17
African Barrick Gold: Investec shifts target price from 135p to 137p, while downgrading from hold to sell. Aquarius Platinum: JP Morgan moves target price from 39p to 49p, while downgrading from neutral to underweight. Citi lowers target price from 66p to 54p and downgrades from buy to neutral. As
Read moreIGas to buy Caithness Oil
9th Sep 2013 10:32
IGas has confirmed it is in talks to buy Caithness Oil, a subsidiary of British independent oil and gas company Caithness Petroleum. The company has entered into a Heads of Agreement (HOA) with Caithness Petroleum to potentially acquire its arm for £8.95m to be paid through the placement of more th
Read moreMonday newspaper round-up: China, Banks, IGas Energy
9th Sep 2013 07:26
The Chinese economy found its feet in August, with inflation remaining subdued as exports rose more than expected, giving a rosier outlook for the second half of the year. Consumer prices rose 2.6 per cent from a year earlier, just a touch below July's 2.7 per cent pace, the statistics bureau said o
Read moreIgas Energy's net loss greater than expected on extraordinary items
10th Jul 2013 13:19
The onshore oil and gas exploration outfit which describes itself as being at the heart of the UK's shale revolution - Igas Energy - has today released its results for the fiscal year ended on March 31st 2013. As analysts at Jefferies explain, the outfit's conventional assets continue to perform a
Read moreFriday broker round-up
21st Jun 2013 08:34
Afren: Jefferies cuts target price from 155p to 140p and downgrades from buy to hold. Alpha Real Trust: Panmure Gordon shifts target price from 76p to 79p and retains a buy recommendation. Betfair Group: JP Morgan moves target price from 850p to 825p keeping a neutral rating. Borders & Southern P
Read moreTuesday broker round-up UPDATE
4th Jun 2013 07:25
Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum
Read moreIgas Energy's reserves could quadruple those of the UK
3rd Jun 2013 10:42
Shale gas producer Igas Energy has this morning revised its estimates of the potential natural gas reserves at its Northwest England license sharply higher. Using 330 kilometres of 2D seismic data and information gathered from 20 offset wells together with its well at Ince Marshes the company now
Read moreIGas Energy preparing to drill two further wells in Bowland Shale
26th Apr 2013 13:51
AIM-listed onshore hydrocarbon producer IGas Energy intends to drill two additional wells commencing this year so as to further appraise potential resources in the Bowland Shale, an area in northwest England home to large quantities of shale rock. Shale rock can contain large volumes of natural ga
Read moreIGas proposes placing 24 million new shares with investors
15th Jan 2013 10:18
AIM-listed exploration and production company IGas is proposing placing up to 24.3 million new ordinary shares with new and existing institutional investors to facilitate investment in IGas's shale resource. The shares, which would be at a price of 95p per placing share, represent approximately 15%
Read moreIgas Energy responds to press speculation
10th Jan 2013 13:38
AIM-quoted coal bed methane (CBM) gas producer IGas Energy has made the following statement in response to press sepculation over a potential equity fund-rasing: "IGas notes the press speculation this morning around a potential equity fundraising. The board keeps all forms of financing under review
Read moreFriday 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 moreSunday newspaper round-up: Rolls Royce, RBS, Public finances
16th Dec 2012 18:08
A former employee at the centre of the Rolls-Royce corruption case has claimed the company paid a second bribe of 25m dollars to an Indonesian businessman to help it to secure a 2010 jet engine contract. The British aero-engine maker won a 420m dollars (260m pounds) contract in July 2010 from Garuda
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