Resource round-up: Atlantic Coal, Silvermere, Toledo Mining
30th Jul 2012 10:59
Shares Atlantic Coal, the AIM-listed miner focused on Pennsylvania, USA, jumped 11% in early trading after it reported a positive production update from its Stockton Colliery. In the three months to the end of June the company saw an 18.8% increase in clean coal production compared to the first quar
Read moreResource round-up: Leni, Wildhorse, Noricum ...
18th Jul 2012 09:02
Wildhorse Energy, the specialist underground coal gasification (UCG) company, has signed a cooperation agreement with the Hungarian government to allow UCG projects in the country. In a statement Wildhorse says: "Both parties believe that this could provide Hungary with an opportunity to develop its
Read moreSmall caps round-up: Gresham Computing, Alliance Pharma, Young and Co's...
10th Jul 2012 08:55
Gresham Computing has unveiled Australia and New Zealand Banking Group as its partner in a previously announced significant contract win. Under the deal Gresham will for a third time partner the bank, providing cash and information management solutions for corporate clients in an effort to increase
Read moreResources round-up: Beacon Hill, Range Resources, Leni Oil...
9th Mar 2012 12:23
Range Resources has reported further success in the appraisal and development of the North Chapman Ranch Field in Texas, in which Range has a 20-25% interest, with the successful drilling of the Smith 2 and Albrecht 1 wells. Work is being conducted to remove all of the plugs below the upper pay zone
Read moreLeni Gas & Oil directors buy up shares
4th Oct 2011 14:42
Company chairman of Leni Gas & Oil David Lenigas topped up his stake in the firm just one day after announcing the acquisition of Goudron E&P firm Sorgenia International. Mr Lenigas bought 3m shares at 1.26p per share for £37,800, taking his total holding in the company to 14.69%. Company director
Read moreLeni Gas eyes under-exploited Trinidad field
3rd Oct 2011 09:03
Leni Gas & Oil has acquired Goudron E&P (GEPL) from Sorgenia International for an initial $1m, with a further £1m to be paid on the successful completion of the transaction. GEPL holds exclusive rights to acquire the incremental production service contract for the Petroleum Company of Trinidad-own
Read moreLondon close: Higher finish for FTSE 100
16th Sep 2011 16:45
Stocks finished higher after an uncertain day in which most attention was focused on a meeting of European finance ministers in Poland. At the meeting, which also included US treasury secretary Timothy Geithner, ministers ruled out further stimulus. European Central Bank president Jean-Claude Trich
Read moreLondon midday: Euro hopes boost stocks again
16th Sep 2011 12:06
Stocks are buoyant again as today's meeting of European finance ministers in Poland generates more optimism over the Eurozone crisis. The meeting will also include US treasury secretary Timothy Geithner, who recently suggested that the continent should "leverage up" the European Financial Stabilit
Read moreRevenue up but profits down at Leni Oil & Gas
16th Sep 2011 09:01
Pre-tax losses widened at Leni Gas and Oil after group administration costs hit £940,000 for the six months to the end of June. Although like-for-like revenue grew from £1.25m to £1.5m, this was offset by a rise in admin costs from £0.57m to £0.9m resulting in a loss from operations of £0.8m (2010
Read moreLeni resumes Gulf of Mexico operations
9th Jun 2011 09:55
AIM listed Leni Gas & Oil has resumed production at its Eugene Island platform (EI-184) in the Gulf of Mexico. Marlin Energy LLP - the new operators of the facility - began operations on the 3rd of June. This follows a shutdown announced on the 5th of April caused by the financial difficulties of t
Read moreUnited Utilities boss raises £588,000 from share sale
28th Mar 2011 16:48
United Utilities chief executive Philip Green has raised £588,000 by selling 100,000 shares. Green still has 116,384 shares. The shares that were sold for 588p each were owned by Green and his wife Judy, who no longer holds any shares. In February, Green received 136,607 shares from the company'
Read moreBG finance director cashes in some chips
25th Mar 2011 18:26
BG has been a star performer among the giant oil and gas companies, thanks to its stake in the huge oil finds being made offshore Brazil and its finance director has decided to take profits on his stake in the company. Barely a week goes by without any new discovery in the Santos basin, with BG's
Read moreLeni and Praxair still talking
17th Mar 2011 16:22
AIM-listed Leni Gas & Oil underwhelmed the market with an operational update Thursday, though the statement did not contain any obvious bad news. The company said the planned work programme on its Spanish wells is about to kick off. All necessary equipment for the programme of well recompletion is
Read moreSmall caps round-up: Norseman Gold, Cohort, Kea...
27th Oct 2010 12:29
Australian miner Norseman Gold suffered a drop in production during the first quarter to 12,229 ounces from 14,469 ounces in the three months to June following a fatality at the OK Decline in August. The accident caused a three week shutdown at the mine and meant output was well below target but i
Read moreLondon close: Strong start to final quarter
1st Oct 2010 16:41
The last quarter of 2010 started well for London's leading share index, with buoyancy in the oil sector helping to offset continuing economic worries at home and abroad. Manufacturing data was subdued. Footsie gave up some of its early gains after figures from the US showed Manufacturing grew at th
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