Sea Lion success for Rockhopper
1st Jun 2011 14:52
Shares in Rockhopper Exploration jumped higher on Wednesday after an appraisal well at its Sea Lion development shows a "significant reservoir package and hydrocarbon column". The 14/10-5 appraisal well encountered 94m net pay in high quality reservoir. "Wireline logging indicates that reservoir q
Read moreLondon close: S&P scares off investors
18th Apr 2011 17:02
Having started the day with hopes of rising back above 6,000, the top share index hurtled in the opposite direction to fall below 5,900 after debt ratings firm Standard & Poor's (S&P) put the cat among the pigeons by downgrading the outlook for US sovereign debt. Though S&P affirmed the USA´s 'AAA'
Read moreDesire slumps after abandoning well
18th Apr 2011 13:09
Falklands oil explorer Desire Petroleum crashed to a 52-week low after plugging and abandoning the 14/15-3 well on the Ninky prospect in the North Falkland basin. Oil shows were encountered while drilling but not enough to justify continued drilling. Analysis of the drilling results suggests that t
Read moreBroker snap: Rockhopper technical update cheers Goldman
6th Apr 2011 16:02
North Falkland Basin oil and gas explorer Rockhopper's technical announcement on 4 April was well received by Goldman Sachs analysts. Goldman writes: "A conservative 20% recovery factor on the low case oil in place gives a recoverable volume of 100 mn bls which we would believe to be comfortably co
Read moreLondon close: Shares edge higher on quiet day
4th Apr 2011 16:43
Having hovered around its starting point for much of the day, the top share index finished just a few points higher. Vodafone's sale of what it considers non-core minority stakes continues with the sale of its 44% holding in French mobile phone group SFR to French media group Vivendi for €7.75bn (£
Read moreLondon midday: Shares seeking direction
4th Apr 2011 12:25
Shares are still seeking direction after a slight recovery following a lower start in the morning. It has been a morning for asset sales with both telecoms giant Vodafone and oil colossus BP pressing on with their respective asset sale programmes. Vodafone's sale of what it considers non-core min
Read moreRockhopper leaps on appraisal of test drill results
4th Apr 2011 09:13
The North Falkland Basin oil and gas exploration company Rockhopper is on the bounce after a favourable technical update regarding its appraisal well 14/10-4. The company said porosity - the ratio of the void volume in the rock to the total volume of the rock is in the range 15% - 27%, with an aver
Read moreLondon close: Stocks hold on to gains
21st Mar 2011 16:17
The FTSE 100 remained broadly flat since 0900, holding on to gains made in early trading. Sentiment was boosted by signs of progress being made in the handling of the nuclear crisis. Two reactors at the Fukushima Daiichi nuclear power plant in Japan were successfully brought into cold shut down unde
Read moreLondon afternoon: Stocks consolidate gains
21st Mar 2011 14:53
Stocks have largely been in consolidation mode in the afternoon session after a strong performance this morning. Telecoms titan Vodafone is a high riser on the back of AT&T's $39bn bid for Deutsche Telekom's T-Mobile USA. If the bid is allowed, the enlarged firm will become number one, but both AT&
Read moreLondon midday: Stocks back on the climb
21st Mar 2011 12:23
Footsie finished the morning 10 points or so below its high for the day after regaining impetus following a mild spell of profit taking mid-morning. Telecoms titan Vodafone is a high riser on the back of AT&T's $39bn bid for Deutsche Telekom's T-Mobile USA. If the bid is allowed, the enlarged firm
Read moreRockhopper rockets on 'crunch well' success
21st Mar 2011 10:48
Falkland Islands oil explorer Rockhopper is up more than a third Monday after it said success at its 14/10-4 appraisal well makes it "highly likely" that the Sea Lion field will prove commercially viable. The company encountered a "significant" reservoir package and hydrocarbon column at the well
Read moreRockhopper begins new Falklands appraisal well
21st Feb 2011 12:12
North Falkland Basin oil explorer Rockhopper started drilling the 14/10-4 appraisal well at the weekend. It's the first appraisal well to be drilled on the Sea Lion feature on the 100% owned and operated Licence PL032. The well is 2.3km from the Sea Lion 14/10-2 discovery well, found last Septembe
Read moreBroker tips for 2011
7th Jan 2011 15:37
Analysts are predicting a bullish year for the UK market on hopes a global economic recovery will kick in. Here are a few of the companies brokers think will lead the advance. Standard Life predicts the FTSE 100, which has risen around 25% since July, could rise by a further 15% to 6,900 by the end
Read moreLondon close: FTSE 100 storms past 6,000
4th Jan 2011 16:36
The top share index lost some if its strong early gains ahead of the close, but still finished above the psychologically important 6,000 point mark on a storming start to 2011. Oil giant BPwas boosted by reports that rival Shell looked into making a bid for the company in the wake of last year's G
Read moreLondon afternoon: Triple digit rise for Footsie
4th Jan 2011 14:31
Bid speculation is adding froth to a London stock market already playing catch-up with European and US markets that posted strong gains yesterday. Oil giant BPis boosted by reports that rival Shell looked into making a bid for the company in the wake of last year's Gulf of Mexico oil spill, which s
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