Broker tips: Euromoney, Intec, Rockhopper
24th Sep 2010 13:53
Broker KBC Peel Hunt expects to up its 675p target price for Euromoney Institutional Investor after the business publisher and events promoter once again topped market expectations with its results. "Both revenue and profits look to have exceeded expectations by c.£4m. Net debt at the year end is
Read moreBroker snap: Westhouse still a buyer of Rockhopper
24th Sep 2010 13:45
Investors perturbed by Rockhopper Exploration's problems with its flow test on the Sea Lion 1 well in the North Falkland basin should rest easy, Westhouse Securities said, as there was nothing in the rest results which cannot be mitigated by engineering solutions, albeit at additional cost. The goo
Read moreRockhopper has trouble with its little perforations
24th Sep 2010 07:46
Rockhopper Exploration, the fast growing North Falkland Basin oil and gas exploration company, has had a few technical problems with its flow test on well 14/10-2. The test was carried out on the "Sea Lion 1" well over four perforated intervals totalling 77m between 2,403m and 2,566m, but upon retr
Read moreRockhopper proves Sea Lion is commercial
17th Sep 2010 16:08
Shares in Rockhopper Exploration have risen by one-fifth following a test of the Sea Lion 1 well in the Falkland Islands that showed that the field is commercially viable. The test indicated sustained rates of production of more than 2,000 barrels of oil per day. The highest rate was 2,304 barrels
Read moreFlow test underway on Rockhopper's Sea Lion well
6th Sep 2010 07:55
Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, said the Ocean Guardian drilling rig has arrived at the location of the Sea Lion 14/10-2 discovery well. Operations to carry out a flow test on the Sea Lion main and lower fans are now underway and, subject to reason
Read moreFalklands Oil Co Argos Resources To Raise GBP22M, Join AIM
27th Jul 2010 11:45
LONDON (Dow Jones)--Falkland Islands-focused oil and gas explorer Argos Resources Ltd. Tuesday said it agreed to raise GBP22 million in an admission to London's junior Alternative Investment Market. Argos said the money raised will be used to fund seismic surveys of its license in the North Falk
Read moreRockhopper Ernest 26/6-1 Well Spudded, Targets Depth Of 2,400 Meters
23rd Jul 2010 09:35
LONDON (Dow Jones)--Rockhopper Exploration PLC (RKH.LN), a North Falkland Basin oil and gas exploration company, said Friday that the Ernest 26/6-1 exploration well was spudded on July 23, and said the well is being drilled to an estimated target depth of 2,400 meters. MAIN FACTS: -Rockhopp
Read moreRockhopper gets rig for Ernest well
21st Jul 2010 15:32
Rockhopper Exploration, searching for oil in the North Falkland Basin, has been re-assigned operation of the Ocean Guardian drill rig to start work on the Ernest prospect. The rig is on its way to licence PL024 where it will drill the 100%-owned Ernest 26/6-1 exploration well over 30 days. Once it
Read moreRockhopper Exploration Re-Assigns Ocean Guardian Drill Rig
21st Jul 2010 14:50
LONDON (Dow Jones)--Rockhopper Exploration Plc (RKH.LN), a North Falkland Basin oil and gas exploration company, announced Wednesday it re-assigned operation of the Ocean Guardian drilling rig on Jul. 21. MAIN FACTS: -The Ocean Guardian is currently being moved to the company's Ernest prospe
Read moreTuesday tips round-up: Thomas Cook, Rockhopper, Kier
13th Jul 2010 06:52
Travel group Thomas Cook announced yesterday the €30m purchase of Öger Travel, a family-run German firm that mainly sells package holidays to Turkey, a popular destination for Germans. Thomas Cook is already the second-largest travel group in Germany but is less strong in Turkey. The shares have
Read moreBroker tips: Insurers, Domino's Pizza, Falkland Oil
12th Jul 2010 13:27
With the results season for insurers about to kick off now might be a good time to invest in Legal and General (L&G) and Aviva, suggests Nomura Securities, with both companies likely to report strong cash generation and earnings to support their handsome dividend yields. Nomura is forecasting that
Read moreBroker snap: Falkland fall-out fears overdone
12th Jul 2010 13:18
The share price of Falkland Oil and Gas (FOG) virtually halved on Monday morning after the company's Toroa F61/5-1 exploration well in the East Falkland basin turned up dry, and the only consolation for shareholders would appear to be that the shares were down by almost two thirds at one stage. Hou
Read more2nd UPDATE: Falkland Oil & Gas Falls As Toroa Disappoints
12th Jul 2010 12:53
(Adds analyst comment and detail.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Oil and gas explorer Falkland Oil & Gas Ltd. (FOGL.LN) Monday said it didn't find oil at an exploration well off the coast of the Falkland Islands, marking the second disappointment in a mixed
Read moreUPDATE: Falkland Oil & Gas Falls As Toroa Disappoints
12th Jul 2010 09:03
(Adds background and detail.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Oil and gas explorer Falkland Oil & Gas Ltd. (FOGL.LN) Monday said it didn't find oil at an exploration well off the coast of the Falkland Islands, marking the second disappointment in a mixed campa
Read moreSunday tips round-up: Ocado, Titan, Rockhopper
11th Jul 2010 11:34
Soon-to-float online grocery group Ocado is certainly in a growth market. The online food sector is expected to almost double over the next five years from £3.7bn to £7.2bn. Ocado needs to be a major player in this growth for its model to work. Its strategy is all about increasing customer numbers,
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