Desire abandons first Falklands well
6th Apr 2010 15:48
AIM-quoted Desire Petroleum has abandoned its first offshore well in the Falkland Islands although it says that it has discovered gas. More analysis of the Liz 14/19-1 well in the North Falkland Basin is required but it appears that the two separate gas discoveries are likely to be poor quality. T
Read moreFalklands oil row steps up a gear
24th Feb 2010 14:26
Argentina is cranking up the pressure on Britain as the diplomatic row over sovereignty of the Falkland Islands and its potentially vast oil reserves intensifies. Fellow South American states backed attempts by Buenos Aires to stop the UK drilling near the remote islands when they met at the Rio Gr
Read moreDrilling commences in the Falklands
22nd Feb 2010 16:06
AIM-quoted Desire Petroleum has shrugged off any political worries concerning Argentina and started drilling its first well offshore of the Falkland Islands this afternoon. The Ocean Guardian drilling rig arrived in Falklands waters last Friday. It started drilling the Liz 14/19-A exploration well
Read moreHalfords chairman takes more shares
22nd Feb 2010 14:56
Halfords chairman Dennis Millard has increased his holding in the company on the same day the bicycle and car part retailer announced the acquisition of Nationwide Autocentres, a chain of car servicing and repair garages. He bought 15,000 shares at 431p a time, paying £43,100 and lifting his shareh
Read moreSmall caps round-up: New Britain Palm Oil, Baobab, Rockhopper
8th Oct 2009 09:02
New Britain Palm Oil, which produces the oil in Papua New Guinea, has signed a five-year agreement to supply palm oil products to Ferrero, the firm that makes Ferrero Rocher chocolates. Baobab Resources is up following a "very encouraging" scoping study undertaken for its Tete magnetite (iron / van
Read moreSmall caps round-up: Avanti Communications, Cash Converters, Gable...
22nd Sep 2009 10:37
Satellite operator Avanti Communications swung to a full-year pre-tax profit of £1.8m compared with a loss of £1.4m last time, while revenue increased to £8m from £5.9m previously. Franchised used goods retailer Cash Converters saw profit before tax in the year to 30 June 2009 rise to $23.3m from $
Read moreLondon close: Footsie rebounds past 5,000
11th Sep 2009 16:53
Footsie went into the weekend with the 5,000 point level in its rear-view mirror as miners advanced. Silver miner Fresnillo, copper group Antofagasta and platinum specialist Lonmin were among the best performers. Hedge fund giant Man Group also went well helped by the rising markets. British Airwa
Read moreLondon afternoon: Blue chips power on
11th Sep 2009 14:16
Footsie has had another good day with demand for the miners again providing the momentum. Silver miner Fresnillo, copper group Antofagasta and platinum specialist Lonmin are among the best performers. Hedge fund giant Man Group is also going well helped by the rising markets. British Airways conti
Read moreRockhopper leaps on farm-in agreement
11th Sep 2009 08:04
Rockhopper, the oil and gas explorer focused on the North Falkland Basin, said a third party energy company has signed a farm-in agreement to one of Rockhopper’s licences. The company’s share price shot to a new 52-week high after it said the unnamed energy company would contribute to the costs of
Read moreSmall caps round-up: Advanced Power, Rockhopper, Omega Insurance...
22nd May 2009 09:09
Electronic components group Advanced Power Components (APC) announces the appointment of David Brown as interim finance director, replacing Rod Muir, with immediate effect. The group said it is at an early stage in the process of recruiting a new permanent finance director and a further announcemen
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