San Leon Energy in 'active discussion' over Tarfaya
13th Jan 2012 07:25
San Leon Energy, the north Africa-focused oil and gas explorer, says it has achieved "connectivity" between two test wells at its Tarfaya oil shale project in Morocco. The company says test well A and B are "hydraulically connected through a permeable zone from 191.00 to 197.62 meters below ground
Read moreProvidence rises on delivery of rig
7th Nov 2011 13:14
Oil and gas exploration and production company Providence Resources has taken delivery of the GSF Arctic III semi-submersible drilling rig for the upcoming appraisal drilling programme at Barryroe, off the coast of Ireland. The rig is currently being mobilised to Irish waters from the North Sea, a
Read moreBarryoe licence awarded by Irish energy ministry
19th Oct 2011 15:21
The Irish energy ministry has dished out a standard exploration licence for the Barryoe oil discovery in the North Celtic Sea basin to a consortium comprising Providence Resources, San Leon Energy and Lansdowne Oil and Gas. Licence 1/11, which has been awarded for a period of up to six years and is
Read moreSan Leon back in the black after one-off payment
30th Sep 2011 08:20
San Leon Energy, the oil and gas exploration and development company focusing on projects in Poland and Morocco, has swung back into the black. The return to profit came after a €3.5m payment from OMV when San Leon relinquished its interest in the Rockall license in March. Revenue for the six mon
Read moreSan Leon well disappoints
29th Sep 2011 08:28
Europe- and North Africa-focused oil and gas group San Leon Energy has had to plug its first low-cost conventional exploration well in the Nida Concession as a dry hole, at a total estimated cost of 700,000 euros. The disappointing results came after the well, in southern Poland, was successfully
Read moreSan Leon wins two permits for exploration in Spain
21st Sep 2011 14:55
Realm Energy, a firm recently acquired by San Leon, has successfully completed an acquisition of two permits for shale gas exploration in Spain. Realm Energy, in collaboration with Halliburton Consulting, has been evaluating shale plays in numerous sedimentary basins in Spain for approximately two
Read moreSan Leon to spud Polish well in next few days
1st Sep 2011 14:56
Europe- and North Africa-focused oil and gas group San Leon Energy saw shares jump higher on Thursday after it revealed that drilling is ready to commence at its Belvedere-1 exploration well in Poland. The firm said that drilling equipment for Belvedere-1 has now arrived on site and it is expected
Read moreActivity accelerates at San Leon
29th Mar 2011 10:47
Oil and gas explorer San Leon Energy is entering an active exploration phase and intends to drill up to six wells in Poland. In total, 10 wells are being drilled this year over San Leon's interests, which also include Morocco, Albania, Ireland and Iraq. The drilling of two wells in Morocco has alr
Read moreLansdowne puzzled by price rise
10th Feb 2011 16:05
Lansdowne Oil and Gas says that it does not know why its share price has jumped today. At one point the share price was more than two-thirds higher on the day but it has fallen back so it was 30% higher to 39p. The share price has doubled in the past week and is nearly 180% higher over the past mo
Read moreSector movers: Pace still up after Indian deal
4th Feb 2011 16:20
Pace is still making gains after it confirmed yesterday the recent press speculation of a large deal with the Indian satellite TV company, Tata Sky. The technology hardware and equipment sector is in the blue as a result. Tata Sky is a joint venture between the Indian conglomerate Sky and the media
Read moreSmall caps round-up: InterQuest, San Leon, Horizonte Minerals...
4th Feb 2011 08:22
IT recruitment group Interquest traded in line with expectations in 2010 as strength in financial services offset a drop-off in public sector business. Ahead of results out on 8 March, executive chairman Gary Ashworth said it has remained profitable through the downturn. "While we have, as anticip
Read moreSmall caps round-up: Acal, Avation, Lonrho...
3rd Feb 2011 11:00
European technology group Acal's like-for-like sales have increased by 17% since September, driven by strong growth in its core electronics division. "Assuming no deterioration from current levels, we expect full year results to be ahead of our previous expectations," the group said. Profits at
Read moreSmall caps round-up: Armor Designs, Borders & Southern, Park Plaza...
30th Sep 2010 11:28
Armor Designs, which develops lightweight armor, admits there's "much work to be done" after net losses grew from $6.8m to $7.8m in the first six months of 2010 despite an increase in sales to $577,000. "We continue to pursue new capital in order to allow us to move quickly to improve our results a
Read moreBroker tips: BSkyB, San Leon, Renishaw
10th Sep 2010 13:20
The average household in Britain spends as much on British Sky Broadcasting's services as it does on alcohol and tobacco, research from Nomura Securities indicates, underpinning the broker's view that the stock is worth buying. "As we approach the age of austerity, we show Sky accounts for 2% of th
Read moreBroker snap: San Leon to cash in some assets
10th Sep 2010 13:19
Daniel Stewart has initiated coverage of AIM-listed oil explorer San Leon Energy with a 'buy' recommendation and a target price of 30p, twice the level at which the shares currently trade. "San Leon built a world class portfolio in short order. Their assets are in Poland, Morocco, Albania, Italy, t
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