Wednesday tips round-up: Northern Petroleum, Unilever
2nd Oct 2013 07:44
Oil explorer Northern Petroleum seems to have turned the tables on the market. Given the company's inability to develop more fully its main assets ? onshore and offshore gasfields in the Netherlands ? its share price has virtually halved since the start of this year. As a result, it quickly became a
Read moreShell spuds final well on Guyane Maritime Permit
13th Aug 2013 10:40
Drilling has begun on GM-ES-5, the fourth and final well on the drilling programme in the Guyane Maritime Permit, offshore French Guiana, it was announced Tuesday. The Guyana Maritime licence is held by Shell (45%), Total (25%), Tullow Oil (27.5%), Northern Petroleum (1.25%) and Wessex Exploration
Read moreTullow abandons wells in Mozambique, French Guiana
23rd Jul 2013 07:03
Tullow Oil has plugged and abandoned an exploration well offshore Mozambique and another in French Guiana, an update on Tuesday morning has shown. The Cachalote-1 well, the first well in Area 2 offshore Mozambique, did discover a good quality gas-bearing sandstones in an Upper Cretaceous deepwater
Read moreNorthern Petroleum unveils board changes
10th Jul 2013 13:01
AIM-listed oil and gas outfit Northern Petroleum has announced the appointment of Keith Bush as Managing Director. Bush joined Northern in May 2012 as Chief Operating Officer and was appointed to the board last November. In parallel, Richard Latham, non-executive Chairman, and Derek Musgrove, who
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 moreTullow disappoints again after abandoning well in French Guiana
23rd Apr 2013 07:09
Tullow Oil said on Tuesday that it has had to abandon a well offshore French Guiana, the latest in a string of disappointing operational updates from the FTSE 100-listed oil explorer. The company said that the Priodontes-1 well was drilled to a total depth of 6,138m in water depths of 1,750m but fa
Read moreTullow Oil declines after Northern Petroleum issues JV well update
17th Apr 2013 13:48
Tullow Oil saw its shares drop significantly after its joints venture partner Northern Petroleum gave an update on one of its wells at its joint venture project in French Guiana. Following an announcement by Northern Petroleum, the company confirmed that the GM-ES-3 well, which to-date has had no
Read moreNorthern Petroleum considering sale of operations in the Netherlands
19th Mar 2013 09:03
Northern Petroleum has said that as part of a corporate review it may potentially sell its Netherlands asset portfolio. The news comes as the company announced plans to enter Canada and upgraded the resource estimate at a prospect in Italy. Potential sale of operations in the Netherlands The g
Read moreShell and Northern Petroleum begin drilling oil well in French Guiana
3rd Jan 2013 10:14
Shell and its partners have started drilling the second of four oil wells in the Guyane Maritime Permit in French Guiana. Shell holds 45% in the Guyane Maritime offshore exploration licence along with Total (25%), Tullow Oil (27.5%), Northern Petroleum (1.25%) and Wessex Exploration (1.25%). The
Read moreGuiness Peat exec sell five million shares
14th Dec 2012 16:16
Sir Ron Brierley, a non-executive director of Guinness Peat Group (GPG) sold a massive chunk of shares in the investment holding company this week. The company announced on Friday morning that Brierley sold five million shares in the company at a price of A$0.475 (31.04p), earning himself around A
Read moreNorthern Petroleum Chairman increases stake in company
14th Dec 2012 10:09
Chairman of Northern Petroleum, Richard Latham, has purchased 5,000 shares in the company at 48.5p each, a statement revealed Friday. Latham now holds 967,477 shares - which equates to 1.01% of the issued share capital of the company - following the transaction Wednesday. Non-Executive Director, D
Read moreNorthern Petroleum abandons Italian well
7th Sep 2012 08:06
AIM-listed oil and gas explorer Northern Petroleum has plugged and abandoned its La Tosca-1 exploration well in Italy, saying that it wasn't economical to warrant further drilling. Drilling operations started on August 6th to evaluate the exploration potential of a gas prospect mapped from 3D seism
Read moreResources round-up: Northern Petroleum, Providence, New World
7th Aug 2012 11:38
Northern Petroleum has started drilling operations on the La Tosca-1 well, targeting a 43bn cubic feet of gross mean prospective resource gas prospect. The well is being drilled to evaluate the exploration potential of a gas prospect mapped from 3D seismic on the Longastrino Permit. The well is situ
Read moreNorthern Petroleum's earnings surge
8th Jun 2012 07:30
Northern Petroleum's 2011 results took their time arriving but were just about worth the wait, with earnings rising sharply. The oil and gas firm's adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) surged to €18.97m from €6.48m in 2010. Having made a tiny pre-tax loss
Read morePatagonia Gold CEO adds to share pile
7th Mar 2012 16:07
William Humphries, Chief Executive Officer of Patagonia Gold, the Argentina-focused mining firm, has purchased 300,000 shares in the firm. The director bought the shares at an average price of 35.67p for a total of £107,010, taking his total stake in the company to 15,393,857 shares, representing a
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