Glencore 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
Read moreBroker tips: Premier Foods, Glencore, Rockhopper
1st Jul 2011 13:02
After yesterday's profits warning, Panmure Gordon has slashed its full-year profit estimate for the current year and lowered its target price on Hovis bread and Branston pickle maker Premier Foods. Panmure Gordon notes that the company regards the causes of its £35-40m downgrade in profits guidance
Read moreBroker snap: Cash aplenty at Rockhopper
1st Jul 2011 12:46
Falklands oil explorer Rockhopper Exploration has brought out its profit and loss figures but Matrix says the numbers are largely irrelevant, with the cash balance the most vital thing on which to focus. "We think our estimate for cash at end June of $230m looks about right (there was $271m as of 3
Read moreFalklands oil no longer a dream, says Rockhopper
1st Jul 2011 07:49
Rockhopper Exploration, the AIM listed oil firm, has reasserted its belief it has found a minimum of 155m "recoverable" barrels of oil in the seas off the Falkland Islands. The statement accompanies its final results for 2010/11 which also show significantly increased funding with two new stakes in
Read moreRockhopper discovery could make Argentina hoppin' mad
27th Jun 2011 08:45
Rockhopper Oil, the AIM listed exploration company says it has found "commercially viable" levels of oil off the north coast of the Falkland Islands. The announcement follows a test carried out by the Ocean Guardian drilling rig which lasted for 48 hours and achieved a "flow rate" of 5508 "stock t
Read moreLondon close: FTSE 100 slumps after US jobs shock
1st Jun 2011 16:38
After a directionless start, the top share index fell deep into the red ahead of the close, with some unfavourable US economic data denting sentiment. Rio Tinto held out to finish with gains. The mining giant announced today that it is to establish a large-scale presence in commodity hungry China
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