Tuesday broker round-up UPDATE
8th Apr 2014 09:18
API Group: Numis lowers target price from 90p to 84p, while upgrading from add to buy. Cranswick: Investec increases target price from 1315p to 1390p retaining its buy recommendation. Daisy Group: FinnCap moves target price from 175p to 185p and retains a hold recommendation. DP World: Nomura rai
Read morePetroceltic International abandons Kurdistan well
7th Apr 2014 15:19
Oil & gas explorer Petroceltic International is plugging and abandoning a well in Kurdistan, hitting its shares. Petroceltic, which also has operations in North Africa, the Mediterranean and Black Sea regions, said it had found gas condensate in the Shakrok-1 well in the Triassic Geli Khana formati
Read moreMonday broker round-up UPDATE
14th Oct 2013 08:46
Admiral Group: JP Morgan cuts target price from 1122p to 1022p maintaining an underweight rating. Balfour Beatty: Numis increases target price from 285p to 315p and stays with its add rating. Bankers Petroleum: Goldman Sachs takes target price from 365p to 379p and reiterates a buy recommendation.
Read moreWednesday broker round-up UPDATE
9th Oct 2013 07:57
Air Partner: Liberum Capital initiates with a target price of 555p and a buy recommendation. Alent: Credit Suisse moves target price from 420p to 430p and keeps an outperform rating. AZ Electronic Materials: Credit Suisse revises target price from 350p to 330p, while staying with its neutral ratin
Read morePetroceltic sells Algerian field stake to Sonatrach
7th Oct 2013 09:07
North African oil explorer Petroceltic International is selling a stake in an Algerian field to Algeria's state oil company Sonatrach. Sonatrach is exercising a so-called pre-emption right to buy the 18.375 per cent interest in the Isarene production sharing contract from Petroceltic. The purchase
Read morePetroceltic cuts full year production target
9th Sep 2013 08:10
Shares of Irish oil and gas company Petroceltic came under pressure after it cut its full year production following lower than expected output in Egypt. The group, which is focused on the Middle East North Africa, the Mediterranean and the Black Sea, said it expected production to be between 24,500
Read morePetroceltic to enter Greek waters after license win
12th Jul 2013 13:55
Oil and gas explorer Petroceltic International announced it was part of a joint venture that had landed a new license to explore the waters off the coast of Greece. It said the consortium, which also includes Edison International and Hellenic Petroleum, had submitted a successful bid for the Patrai
Read morePetroceltic takes legal action over alleged fraud
5th Jul 2013 07:35
Petroceltic has started legal proceedings in the High Court of Ireland against two parties with whom it had service and consultancy agreements concerning its North African business. It comes after the oil and gas explorer received threats of legal action made on behalf of one of the parties seeking
Read morePetroceltic plugs and abandons Black Sea exploration well
24th May 2013 08:09
Shares in AIM-listed oil and gas group Petroceltic International were under pressure on Friday morning with the company mulling an extension of a licence contract after having to abandon one of its exploration wells in the Black Sea. The Kamchia-1 well offshore Bulgaria was drilled to a total depth
Read moreWednesday broker round-up UPDATE
24th Apr 2013 08:25
Archipelago Resources: Canaccord Genuity lowers target price from 75p to 68p keeping a buy recommendation. ARM Holdings: Morgan Stanley ups target price from 911p to 925p maintaining an equal-weight rating. Deutsche Bank takes target price from 445p to 460p, but still recommends selling. Citigroup
Read morePetroceltic International lands two Egypt licences
19th Apr 2013 10:40
Petroceltic International shares climbed Friday after the oil and gas company announced a new partnership with Edison International Spa which owns the North Thekah and South Idku licences in Egypt. North Thekah is located offshore the Nile Detla and potentially contains an extension of the Levanti
Read moreTuesday broker round-up UPDATE
16th Apr 2013 07:33
Aberdeen Asset Management: Citigroup ups target price from 430p to 455p retaining a neutral rating. Associated British Foods: Credit Suisse moves target price from 1650p to 1850p, but downgrades from outperform to neutral. AZ Electronic Materials: Espirito Santo initiates with a target price of 40
Read morePetroceltic International secures access to 500m dollars of financing
15th Apr 2013 09:15
Petroceltic International, the upstream oil and gas exploration company focused on North Africa, the Mediterranean and the Black Sea regions has finalised a financing agreement for up to 500m dollars with a syndicate of international banks and the International Finance Corporation. The company sai
Read morePetroceltic given Italian licence boosts
4th Apr 2013 07:53
Irish oil and gas explorer Petroceltic International has added another Italian exploration permit to its portfolio and has received environmental clearance on one of its existing licences. The new permit covers 474 km square in the Central Adriatic offshore Italy and lies 15km from the Elsa discov
Read morePetroceltic International abandons Mesaha-1 well in Egypt
6th Feb 2013 10:33
Oil and gas company Petroceltic International has plugged and abandoned its Mesaha-1 frontier exploration well in southern Egypt after failing to encounter hydrocarbons. The well was drilled to a total depth of 6,985 feet before determining there were no hydrocarbon indicators. Drilling came to
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