Thursday newspaper tips: BAE, Speedy Hire, Rockhopper
13th Oct 2011 06:34
Since exiting the passenger jets market some years ago, BAE has been an entirely defence-focused business. Today, about half the workload comes from the UK military and about a fifth from the UK defence establishment. This is not a good place to be; last month the company announced about 3,000 job l
Read moreRockhopper finishes up strongly following placement at 180p
12th Oct 2011 16:48
Falklands oil exploration group Rockhopper has this afternoon announced the "successful completion" of its equity placing, comprised of 25.814m new ordinary shares at 180p each. The proceeds from the operation amount to £46.5m. The company´s entire issued share capital now rises to 284.2m ordinar
Read moreDesire in farm-out agreement with Rockhopper
12th Oct 2011 09:23
Desire Petroleum, the exploration company wholly focused on the North Falkland Basin, has agreed the terms of a farm-out agreement. The contract, which is subject to the approval of the Falkland Islands Government, is with Rockhopper Exploration in relation to the northern section of its Tranche D
Read moreRockhopper exploration well is dry hole
11th Oct 2011 07:51
North Falkland Basin oil and gas exploration company Rockhopper said exploration well 14/10-8 provided it with some useful geological information but no oil. The well was designed to investigate reservoir and hydrocarbon presence within the Sea Lion Main Complex (SLMC), and was also an exploration
Read moreSunday newspaper round-up: UK QE II, ARM, China, ASOS, BoE
18th Sep 2011 17:21
What will a second round of quantitative easing (QE II) do for equities, gilts and Sterling? asks Neil Hume in this Weekend's Financial Times. Well, both Goldman and Citi believe that QE II will centre on long dated public debt. In fact, Citi believes the Bank of England (BoE) could even end up bu
Read moreGlencore boss spends £10m
16th Sep 2011 15:58
Glencore's chief executive Ivan Glasenberg has opened his wallet, splashing out nearly £10m on shares in the commodity trading house. He took 2.25m shares at an average price of 435p a share and has already made a handsome profit of about £100,000. The company added that Glasenberg plans to buy m
Read moreRockhopper unveils $2bn plan for Falklands
14th Sep 2011 14:38
Falklands-based oil and gas exploration company Rockhopper has unveiled a detailed $2bn plan for the extraction of an estimated 350m barrels of oil, with production set to begin in early 2016. The AIM-listed firm also believes that it may produce as many as 120,000 barrels per day by 2018. Rockh
Read moreLondon close: Calmer start to the week, Footsie edges 31 higher
15th Aug 2011 16:35
A strong start on Wall Street and large gains from the miners helped London's blue chip index finish 0.57% higher on Monday. Meanwhile the banks limited gains on the Footsie over concerns over their level of exposure to Eurozone debt. Fluctuations in trading on Monday were not as severe as in recen
Read moreBroker tips: Rockhopper, Michael Page, Lookers
15th Aug 2011 12:44
Matrix recommends buying shares of North Falkland Basin-based oil and gas group Rockhopper Exploration following the positive resource update on Monday. New estimates for stock tank oil initially in place for the low, mid and high cases are 608m barrels, 1,086m barrels and 1,279m barrels, respectiv
Read moreBroker snap: Matrix hails potential at Rockhopper
15th Aug 2011 12:34
Matrix recommends buying shares of North Falkland Basin-based oil and gas group Rockhopper Exploration following the positive resource update on Monday. Rockhopper said new seismic data suggested that more oil could be found in its Sea Lion Main Complex. "The company believes that up to approximate
Read moreLondon midday: FTSE 100 stable after calm start
15th Aug 2011 12:21
Shares are holding onto their gains today amid much calmer trading than the volatility seen last week. In company news, international recruitment firm Michael Page is sharply lower. It made a flying start to 2011 but said profit growth in the banking sector has tailed off in the second half of the
Read moreDesire shares piggy back on Rockhopper
15th Aug 2011 12:01
Shares in Desire Petroleum jumped 13% on the news that there may be more oil than expected in one of its licences off the Falkland Islands. Fellow North Falkland Basin oil and gas group, Rockhopper Exploration, said new seismic data suggested that more oil could be found in its Sea Lion Main Comple
Read moreRockhopper ups estimates at Sea Lion
15th Aug 2011 10:44
Rockhopper Exploration, the North Falkland Basin-based oil and gas firm, saw shares climb 8% on Monday after new seismic data suggested that more oil could be found in its Sea Lion Main Complex (SLMC). The firm has raised its 'low case' estimate for stock tank oil initially in place (STOIIP) from 5
Read moreRockhopper flies after Falklands drilling success
9th Aug 2011 11:03
Shares in Rockhopper Exploration gushed higher after the Falkland Islands oil explorer reported results at the "upper end of expectations" from drilling of its third appraisal well at the Sea Lion feature in the North Falkland Basin. Rockhopper said drilling at the well "confirms significant reserv
Read moreRockhopper drilling again near Falkland Islands
18th Jul 2011 10:50
Rockhopper Exploration, the firm hunting for oil off the coast of the Falkland Islands, has drilled a third "appraisal well" on the so-called Sea Lion feature on the south Atlantic sea bed. Rockhopper has attracted significant attention in the past year after claiming it had discovered "commerciall
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