Providence Resources to pay £1.1m to Transocean Drilling UK after court ruling
21st Oct 2016 10:41
(ShareCast News) - Providence Resources is to pay Transocean Drilling UK Ltd a sum of $1.1m in relation to a court case brought by the latter over the use of a semi-submersible drilling unit on the Barryroe oilfield, offshore Ireland. This followed a judgement by the Commercial Court in London on 20
Read moreProvidence Resources receives revised holding in Porcupine Basin
8th Aug 2016 11:00
(ShareCast News) - Irish-based oil and gas exploration company Providence Resources updated the market on Frontier Exploration Licence 3/04 on Monday. The AIM-traded firm said the licence lies in 1,500 metre-deep water in the southern Porcupine Basin and is 170 km off the south west coast of Ireland
Read moreProvidence facing payout to Transocean after court ruling
13th Apr 2016 12:21
(ShareCast News) - Providence was on shaky ground on Wednesday, having lost an appeal brought against it in a long-running legal battle with Transocean. The AIM-traded company said the case relates to certain costs claimed by Transocean against Providence, over the use of the 'Arctic III' semi-subme
Read moreThursday broker round-up UPDATE
6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read moreFriday broker round-up UPDATE
26th Apr 2013 07:24
Admiral Group: HB Markets initiates with a buy recommendation. AstraZeneca: Deutsche Bank takes target price from 3100p to 3160p and leaves its hold recommendation unchanged. Avon Rubber: Investec upgrades from hold to add with a target price of 420p. Betfair Group: Citigroup raises target price
Read moreProvidence Resources starts drilling 44/23-1 Dunquin well in Ireland
23rd Apr 2013 11:07
Providence Resources has kicked off drilling at its 44/23-1 Dunquin oil exploration prospect off the west coast of Ireland. The oil and gas company said drilling operations are expected to take several months to complete at the well which is part of the Frontier Exploration Licence 3/04. "We are p
Read moreProvidence and Lansdowne optimistic after Barryroe audit
5th Apr 2013 07:20
Ireland-based oil and gas group Providence Resources and AIM-listed partner Lansdowne have received an audit of their joint-owned Barryroe oil field which confirmed 'significant' volumes and recoverable resources. The field, located in the North Celtic Sea Basin, contains the Basal Wealden and Midd
Read moreTuesday broker round-up UPDATE
29th Jan 2013 07:26
Anglo American: JP Morgan takes price target from 1630p to 1680p, while its underweight rating remains unchanged. ARM Holdings: Jefferies raises target price from 693p to 805p keeping a hold recommendation. Astra Zaneca: Barclays ups target price from 3100p to 3200p and retains an equal-weight rat
Read moreFriday broker round-up
26th Oct 2012 10:00
African Barrick Gold: Investec cuts target from 530p to 526p, hold rating kept. APR Energy: UBS cuts target from 600p to 530p, sell rating unchanged; Jefferies cuts target from 850p to 625p, hold rating kept. ASOS: Deutsche Bank downgrades to hold; Nomura ups target from 1,930p to 2,000p, neutral
Read moreBroker tips: RBS, Morrisons, Providence Resources
11th Oct 2012 13:17
Credit Suisse has increased its target price for Royal Bank of Scotland to 190p from 180p, while maintaining its 'underperform' rating. RBS reports its third quarter results on November 2nd and Credit Suisse has reduced its estimated 2012 underlying loss per share from 7.6p to 3.3p, following the S
Read moreBroker snap: Seymour Pierce initiates Providence Resources at buy
11th Oct 2012 13:12
Analysts at Seymour Pierce have written a very upbeat research note on the shares of Ireland-focused oil exploration group Providence Resources. In their own words: "whilst Providence's success at Barryroe has had a transformational effect on its share price, the company's exploration and appraisal
Read moreThursday tips round-up: Avanti, Diageo, Providence Resources
11th Oct 2012 06:43
"Three...two... one... letdown" was probably how some investors in the British satellite group, Avanti Communications, felt yesterday after the company unveiled a far from explosive set of full-year numbers. Avanti's pre-tax losses widened from £12.7m to £16m in the year ending June 30th, with rev
Read moreSan Leon Energy rises on Barryroe update
10th Oct 2012 11:47
San Leon Energy, the AIM-listed oil and gas explorer, rose following reports that studies on the Barryroe oil field will have a recovery rate of 17-43 per cent. The latest update from Barryroe's operator, Providence Resources, on the oil discovery in the North Celtic Sea Basin, offshore Ireland, h
Read moreProvidence, Lansdowne upbeat about Barryroe potential
10th Oct 2012 07:36
The Barryroe oil field in the North Celtic Sea Basin, offshore Ireland, has significant production potential, according to the latest studies by operator Providence Resources. Providence, which part-owns the licence (80% stake) along with AIM-listed peer Lansdowne Oil & Gas (20%), recently undertoo
Read moreTuesday broker round-up
2nd Oct 2012 08:17
African Barrick Gold: Deutsche Bank raises target from 510p to 540p, hold rating kept. African Minerals: Deutsche Bank cuts target from 708p to 610p, buy rating kept. Allocate Software: N+1 Brewin downgrades to hold, target cut from 94p to 80p. Babcock: Investec raises target from 970p to 100p, b
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