Premier, Rockhopper and Falkland gain on Isobel Deep oil discovery
28th May 2015 07:46
Shares in Premier Oil, Rockhopper Exploration and Falkland Oil & Gas gained on Thursday after the companies announced an oil discovery at the Isobel Deep exploration well in the North Falkland Basin, approximately 30km south of the Sea Lion field. Falkland Oil & Gas and Rockhopper are partners in th
Read moreTuesday broker round-up
7th Apr 2015 11:59
Antofagasta: Jefferies reiterates buy. GlaxoSmithKline: Credit Suisse reiterates underperform and 1440p target. Micro Focus Intl.: Numis reiterates add and ups target price to 1,310p from 1,240p. Rockhopper Exploration: Canaccord Genuity starts coverage at buy and raises target to 190p from 180p.
Read morePremier Oil, Falkland Oil and Rockhopper find oil and gas in Falklands project
2nd Apr 2015 09:31
Oil and gas explorer Premier Oil said it has discovered oil and gas at the Zebedee well in the Falklands Islands. The FTSE 250 group, which owns 36% of the well, said it discovered 81 feet of net-oil net reservoir and 55 feet of net gas-bearing reservoir from the Zebedee well, in which Falkland Oil
Read moreWednesday broker round-up
11th Mar 2015 11:50
Ashtead: Credit Suisse lifts target to 1,300p from 1,220p and reiterates outperform. Cairn Energy: Jefferies lowers target to 172p from 220p and downgrades to hold. RBC downgrades to neutral. Inchcape: Exane BNP reiterates outperform, raises target to 920p from 850p. BG Group: Credit Suisse lowers
Read moreRockhopper gets 40% stake in Croatian offshore block
5th Jan 2015 07:57
Oil group Rockhopper Exploration has been awarded a 40% stake in Block 9 offshore Croatia, joining operator Eni in an area with proven hydrocarbons. After announcing last month that it had applied for acreage in licencing rounds in Croatia, the company will now take part in the first exploration pha
Read moreSunday newspaper round-up: Tesco, Oil explorers, Sainsbury´s
28th Dec 2014 17:17
Tesco is testing a discount format in its One Stop chain, indicating the group could be considering new ways to combat Aldi and Lidl, the Sunday Times said. Three One Stop branches have been trading as discounters with low prices and limited ranges for the past seven weeks. The trial is the idea of
Read moreRockhopper shares soar after Sea Lion development
13th Nov 2014 16:15
Rockhopper Exploration said costs to first oil for the Sea Lion field in the South Atlantic have been reduced. The Falkland Islands oil explorer said costs for the project, which the company runs with partner Premier Oil, are now estimated at under $2bn. However, the target date for first oil produ
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 morePremier Oil awards engineering and design contract to AMEC
11th Jul 2014 10:15
Premier Oil, which operates in the North Falkland Basin, has awarded an engineering and design contract to oil services group AMEC. Rockhopper, which owns a 40% interest in the Sea Lion field, part of the Falkland Basin, said the front end engineering and design (FEED) contract to AMEC, was made as
Read moreWednesday broker round-up UPDATE
28th May 2014 09:57
Accesso Technology Group: Numis initiates with a target price of 690p and a buy recommendation. Alternative Networks: Westhouse Securities upgrades from add to buy with a target price of 540p. Astra Zeneca: Deutsche Bank raises target price from 3800p to 3950p and keeps a hold recommendation. AVE
Read moreRockhopper acquires Mediterranean Oil & Gas
27th May 2014 14:40
Falkland Island-focused oil explorer Rockhopper Exploration has agreed to acquire AIM peer Mediterranean Oil & Gas (MOG) in a 29.3m-pound cash and shares offer. Rockhopper has offered MOG shareholders 6.5p per share, of which three-quarters is in cash and the remainder represented by an offer of 0
Read moreSector movers: Oil stocks rise as Shell, Tullow and Heritage gain
30th Apr 2014 15:19
Upbeat first-quarter results from heavyweights Shell and Tullow gave the UK oil and gas sector a shot in the arm on Tuesday, along with a takeover offer for Heritage Oil. First-quarter earnings were down 3% at Royal Dutch Shell, but well ahead of consensus estimates. Excluding large impairments o
Read moreRockhopper eyeing milestones at Sea Lion project this year
4th Apr 2014 08:12
Rockhopper Exploration, the North Falkland Basin oil and gas group, said that it expects its core Sea Lion project to face a number of key development milestones in 2014. Phase one of the Sea Lion Development is expected to recover 293m barrels of oil, with anticipated gross peak production rates a
Read moreWednesday broker round-up UPDATE
12th Mar 2014 09:03
Ashtead Group: Citi raises target price from 850p to 1075p keeping a buy recommendation. Barratt Developments: Goldman Sachs reduces target price from 527p to 502p and downgrades to neutral. British Land: Jefferies downgrades to hold with a target price of 707p. Brooks Macdonald Group: Canaccord
Read moreSunday share tips: Vodafone, Rockhopper, TyraTech
9th Feb 2014 12:46
Hold on to shares of Vodafone once the sale of its stake in Verizon is completed, the Sunday Telegraph's Questor column said. Vodafone will pay 104p a share to shareholders from the proceeds of the sale. After that, Vodafone is a potential takeover target for AT&T and other North American buyers. Th
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