Providence rises on delivery of rig
7th Nov 2011 13:14
Oil and gas exploration and production company Providence Resources has taken delivery of the GSF Arctic III semi-submersible drilling rig for the upcoming appraisal drilling programme at Barryroe, off the coast of Ireland. The rig is currently being mobilised to Irish waters from the North Sea, a
Read moreBarryoe licence awarded by Irish energy ministry
19th Oct 2011 15:21
The Irish energy ministry has dished out a standard exploration licence for the Barryoe oil discovery in the North Celtic Sea basin to a consortium comprising Providence Resources, San Leon Energy and Lansdowne Oil and Gas. Licence 1/11, which has been awarded for a period of up to six years and is
Read moreLansdowne puzzled by price rise
10th Feb 2011 16:05
Lansdowne Oil and Gas says that it does not know why its share price has jumped today. At one point the share price was more than two-thirds higher on the day but it has fallen back so it was 30% higher to 39p. The share price has doubled in the past week and is nearly 180% higher over the past mo
Read moreSmall caps round-up: Conroy, Providence Resources, African Aura
7th Feb 2011 11:13
Irish-based miner Conroy Gold & Natural Resources has received positive results from the scoping study on its Clontibret gold project in Country Monaghan. The project has a potential gold recovery of 174,840 ounces (oz) of gold, which equates to an annual production rate of 24,000 oz gold over a 7.2
Read moreSmall caps round-up: Costain, Nostra Terra Oil, EG Solutions
5th Jan 2011 11:11
Construction and engineering group Costain has been appointed by Lewisham Council to rebuild four more schools worth £71m after reaching financial close on the fourth phase of its Building Schools for the Future (BSF) project. "Costain is delighted to have reached financial close on the fourth ph
Read moreSector movers: Tobacco moves ahead after Imperial numbers
2nd Nov 2010 14:52
Unusually on a buoyant day for equities, tobacco is the best performing sector today. This is due to a warm reception for Imperial Tobacco's full-year results. The Gauloises and West firm topped market forecasts with its full year profits, and took a big bite out of its debt mountain. The only ot
Read moreSmall caps round-up: Software Radio, Providence, Arden...
2nd Nov 2010 14:25
Software Radio Technology, the developer and supplier of maritime identification and tracking technologies, returned to the black at the halfway point as turnover virtually doubled. Profit before tax in the six months to 30 September was £1.1m on turnover of £4.42m, compared to a loss of £0.20m las
Read moreSunday tips round-up: Lookers, Providence, New Britain...
31st Oct 2010 13:04
Car dealer Lookers is continuing to trade ahead of expectations - and it looks like earnings upgrades are in prospect. Trading is ahead of last year and is better than the company's own budget. The shares are trading on a December 2010 earnings multiple of 10.2, falling to 9.2 next year and yieldi
Read moreProvidence breaks even
29th Sep 2010 15:48
Increased production helped offset a lower oil price enabling oil and gas firm Providence Resources to report an 8.3% increase in first half revenues to €11.34m from €10.46m in the first half of last year. At the pre-tax level the company scraped into the black, showing a profit of €0.4m, but this
Read moreNautical agrees Celtic Sea farm-in deal with Providence
28th Sep 2010 13:07
Nautical Petroleum, the oil explorer that has been enjoying huge success in the North Sea recently, has made further inroads into the seas around Ireland, announcing an agreement that could see it taking a 65% stake in a discovery in the North Celtic Sea. The current operators of the discovery, Pro
Read moreNautical and Providence get option extension
24th Sep 2010 08:58
High flying oil explorer Nautical Petroleum and its partner on licensing option 10/01 in the North Sea Celtic Sea Basin, Providence Resources, have had the area covered by the option extended After scouting out the licensing option and surrounding area a new exploration prospect, "Marlin", was loca
Read moreSmall caps round-up: Ithaca, Ambrian Capital, Providence...
6th Jul 2010 12:07
Oil and gas firm Ithaca Energy said it increased production throughout the second quarter of 2010 and remains on target to achieve forecast 2010 production levels. Production in the second quarter averaged 10,217 barrels of oil per day, a 17% improvement over first quarter production. Stockbroker
Read moreProvidence well to resume production after long delay
21st May 2010 08:03
London and Dublin listed oil and gas firm Providence Resources said oil production has recommenced on its Ship Shoal 253 field after the completion of repairs to the production facility. Production at Ship Shoal 253 in the Gulf of Mexico has been shut down since August 2008 after hurricanes Gustav
Read moreSmall caps round-up: Zirax, Sabien Technology, Eredene Capital...
10th Aug 2009 09:56
Speciality chemical company Zirax said it has won the contract to supply 20,000 metric tonnes of calcium chloride based de-icers to Moscow City Council for its 2009/10 winter season. This particular contract, worth $4.0m, is principally comprised of Zirax's de-icing product IceMelt. It means Zirax
Read moreSmall caps round-up: Dwyka, Panther Securities, St Modwen ...
8th Jun 2009 09:10
Dwyka Resources has received further backing for its possible all share offer for Minerva Resources from Golden Prospect Precious Metals. The letter of intent from Golden Prospect, which owns 3.5m Minerva shares, or 2.3% of the company, takes the level of support for the deal to 69m shares, or 44.
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