Falkland O&G to merge with Desire Petroleum
3rd Oct 2013 08:07
Shares in AIM-listed oil and gas firm Desire Petroleum soared on Thursday morning after the announcement that it would be merging with larger peer Falkland Oil & Gas (FOGL) in an effort to diversify the activities of the two companies. The news comes on the same day the companies signed an agreeme
Read moreFriday broker round-up UPDATE
23rd Aug 2013 08:04
Afren: Canaccord Genuity cuts target price from 220p to 190p, while leaving its buy recommendation unaltered. AVEVA Group: Liberum Capital initiates with a target price of 2350p and a hold recommendation. Carillion: Numis reduces target price from 350p to 315p, while its hold recommendation remain
Read moreRockhopper Exploration's full-year results hit by Falkland tax
22nd Aug 2013 13:22
Rockhopper Exploration's shares plunged after saying it had widened its annual loss to 75m dollars from last year's 53.7m dollars, reflecting a 122m dollar tax bill from the Falkland Islands government. The oil explorer's posted a loss per share of $26.47 for the year ended March 31st, up from the
Read moreFriday broker round-up
21st Jun 2013 08:34
Afren: Jefferies cuts target price from 155p to 140p and downgrades from buy to hold. Alpha Real Trust: Panmure Gordon shifts target price from 76p to 79p and retains a buy recommendation. Betfair Group: JP Morgan moves target price from 850p to 825p keeping a neutral rating. Borders & Southern P
Read moreTuesday broker round-up UPDATE
4th Jun 2013 07:25
Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum
Read moreExploration Director of Rockhopper Exploration steps down
23rd Jan 2013 08:41
Rockhopper Exploration announced Wednesday the resignation of the oil and gas company's Exploration Director. Dave Bodecott will hang up his hat on January 31st after five years on the board of the North Falkland focused group. "Dave has made a huge contribution as a member of the management team
Read moreMonday broker round-up UPDATE
17th Dec 2012 07:21
Aggreko: Panmure Gordon reduces target price from 2159p to 1935p, while keeping a hold recommendation. Investec downgrades to hold. Amara Mining: Investec starts with a target price of 89p and a buy rating. ASOS: Goldman Sachs increases target price from 3200p to 3600p and recommends a strong buy.
Read moreRockhopper expects to generate cash flow in excess of two billion dollars
14th Dec 2012 07:11
AIM-listed oil and gas exploration company Rockhopper Exploration has published its half-yearly results, revealing strong prospects for cash generation in the years ahead. The company, which is based in the UK and has interests in the Falklands Islands, was established in 2004 with a strategy to in
Read moreWednesday broker round-up UPDATE
5th Dec 2012 07:19
Anglo American: Morgan Stanley reduces target price from 2110p to 1802p and keeps an equal weight rating. Brewin Dolphin Holdings: Peel Hunt raises target price from 185p to 230p and maintains a buy rating. British Sky Broadcasting Group: Nomura raises target price from 950p to 975p and reiterates
Read moreTuesday broker round-up UPDATE
20th Nov 2012 07:17
Beowulf Mining: Seymour Pierce initiates coverage with a buy recommendation and a target price of 18p. Berkeley Group: JP Morgan raises target price from 1616p to 1620p, overweight rating kept. Blinkx: Citigroup downgrades from buy to neutral. Compass Group: Investec raises target price from 740p
Read moreRockhopper's licences extended
2nd Nov 2012 08:57
The Falkland Islands government has granted a one year extension of production licences PL023 and PL024, in which oil explorer Rockhopper has a two-fifths interest. The licences have been extended until November 18th, with no requirement for the operator to perform further work on the licences in t
Read moreFriday broker round-up - UPDATE
19th Oct 2012 09:00
Aggreko: Jefferies keeps buy rating and 2,800p target; Seymour Pierce keeps buy rating and 2,500p target; Panmure Gordon cuts target from 2,228p to 2,159p, hold rating unchanged. Alliance Pharma: umps upgrades to buy, target lifted from 32p to 37p. Avacta: Panmure Gordon keeps buy rating and 1.75p
Read moreFalklands govt rubber stamps Rockhopper farm-out
12th Oct 2012 09:56
Rockhopper's plans to farm out a majority stake in its North Falkland interests to Premier Oil have been approved by the Falkland Islands government. Premier is paying $231m for a 60% stake in Rockhopper's North Falkland Basin licences. An initial payment of $231m will be made in cash plus an expl
Read moreDesire's losses reduce sharply
17th Sep 2012 07:37
North Falkland Basin exploration company Desire Petroleum has seen interim losses reduce sharply following the completion of drilling and seismic activities. The group, which has an estimated 4% share of Rockhopper Exploration's Sea Lion discovery - the only worthwhile project in the Falklands area
Read moreBroker snap: Action-packed year ahead for E&Ps, says Credit Suisse
28th Aug 2012 09:56
Credit Suisse has highlighted Ophir Energy as its focus list stock in its sector review of oil and gas explorers and producers (E and Ps). "We continue to favour select E&P names in Europe. The emphasis is on the 'E' that provides for uncorrelated returns via the drillbit, as activity looks set to
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