Soco Confirms Congo Presidential Decree Ratified Oil Rights
28th Jun 2010 07:38
LONDON (Dow Jones)--Soco International PLC (SIA.LN) Monday confirmed a Congolese presidential decree had ratified its rights to a key oil block. President Joseph Kabila on June 18 confirmed licenses to two blocks in Eastern Congo-Kinshasa, including the Soco one, that had been awaiting his appro
Read moreUganda Pres Holds Talks With Total, Cnooc Execs Over Oil Invest
26th Jun 2010 08:38
KAMPALA Uganda (Dow Jones)-The Ugandan president held talks with executives of China's Cnooc Ltd.(CEO), France-based Total SA (TOT) and UK-based Tullow Oil PLC (TLW.LN) over their investment proposals in the country's upcoming oil sector, the Ugandan presidency said late Friday. A presidential s
Read more2nd UPDATE: Congo Declines To Approve Key Tullow Oil Licenses
24th Jun 2010 17:42
(Rewrites, adds comment from Caprikat and Foxwhelp.) By Benoit Faucon Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Congo's government has declined to ratify U.K.-listed Tullow Oil PLC's (TLW.LN) licenses for two key oil exploration blocks, instead awarding them to companies owned by a rela
Read moreUPDATE:Tullow Stands By Claim As Congo Gives Blocks To Others
24th Jun 2010 15:31
(Adds more quotes from spokesman.) LONDON (Dow Jones)--Tullow Oil PLC (TLW.LN) said Thursday that it had no doubt about the validity of its claim on two oil blocks in Congo and was reviewing its options after the blocks were awarded to unknown companies. A decree, supplied to Dow Jones Newsw
Read moreTullow Stands By Its Claim As Congo Gives Blocks To Other Cos
24th Jun 2010 13:49
LONDON (Dow Jones)--Tullow Oil PLC (TLW.LN) said Thursday that it had no doubt about the validity of its claim on two oil blocks in Congo and was reviewing its options after they were awarded to unknown companies. A decree, supplied to Dow Jones Newswires by non-governmental website www.leganet.
Read moreCongo Presidential Decree Confirms Soco,Dominion Oil Rights
24th Jun 2010 12:49
LONDON (Dow Jones)--A long-awaited presidential decree in Congo-Kinshasa has confirmed rights to an oil block awarded to Soco International PLC (SIA.LN) and Dominion Petroleum Ltd. (DPL.LN), according to the country's official gazette. The decree, which was supplied to Dow Jones Newswires by non
Read moreSolo Oil: Now Full Party To The Ruvuma Joint Operating Pact
24th Jun 2010 09:43
LONDON (Dow Jones)--Solo Oil PLC (SOLO.LN) said Thursday it has now become a full party to the Ruvuma joint operating agreement with Tullow Oil PLC (TLW.LN) as operator owning 50% of the Lindi and Mtwara blocks in partnership with Aminex PLC (AEX.LN) owning 37.5% and Solo owning 12.5%. MAIN FACT
Read moreUPDATE: Uganda Oil Drill Plans To Stay On Schedule Despite Tax Spat-Official
23rd Jun 2010 19:46
(Adds Heritage comment) By Nicholas Bariyo Special to DOW JONES NEWSWIRES KAMPALA, Uganda (Dow Jones)-Oil drilling plans in Uganda's Lake Albert basin will remain on schedule despite the ongoing dispute over capital gains tax on the proposed sale of Heritage Oil PLC's (HOIL.LN) half stak
Read moreUganda Oil Drill Plans To Stay On Schedule Despite Tax Spat-Official
23rd Jun 2010 10:48
By Nicholas Bariyo Special to DOW JONES NEWSWIRES KAMPALA, Uganda (Dow Jones)-Oil drilling plans in Uganda's Lake Albert basin will remain on schedule despite the ongoing dispute over capital gains tax on the proposed sale of Heritage Oil PLC's (HOIL.LN) half stakes in two oil blocks, the he
Read moreFTSE 250 movers: Housebuilders and retailers buoyant
22nd Jun 2010 15:23
The lower than feared rise in CGT was good news for housebuilders, which were also heartened that an immediate rise in CGT means there won't be a rush to sell houses as homeowners seek to take advantage of the current rate. Barratt, Persimmon, Taylor Wimpey and Redrow are among the stocks posting g
Read moreLondon close: China currency move lifts shares
21st Jun 2010 16:31
Footsie closed just shy of 5,300 as mining stocks advanced on higher commodity prices after China's decision to delink the yuan from the US dollar. Miners Vedanta, Rio Tinto, Xstrata, Antofagasta and BHP Billiton were among the best performers. BHP and Rio have agreed to increase iron ore royalti
Read moreLondon afternoon: Miners lead the advance
21st Jun 2010 14:20
China's decision to delink the yuan from the US dollar has provided UK stocks with a lift and calmed nerves ahead of tomorrow's hair-shirt Budget from chancellor of the exchequer George Osborne. Miners are the main beneficiaries of the optimism engendered by China's move, with Vedanta, Rio Tinto, X
Read moreLondon midday: Yuan move lifts equities
21st Jun 2010 12:06
Having just failed to make it eight consecutive gains in a row on Friday the blue-chip index is resuming its steady rise today as stocks are buoyed by news that China will allow the yuan more flexibility after a two-year peg against the dollar. It's hoped the decision will reinvigorate the Chinese
Read moreUganda Energy Min Says Heritage Oil Must Pay Capital Gains Tax
19th Jun 2010 08:01
KAMPALA, Uganda (Dow Jones)--London-listed Heritage Oil PLC (HOIL.LN) must pay capital gains taxes on its proposed sale of Ugandan assets, Uganda's energy and minerals minister said late Friday. According to Hilary Onek, the oil assets belong to the Ugandan people and as such, Heritage is oblige
Read moreBroker tips: Sainsbury, oil companies, BSkyB
18th Jun 2010 13:06
Wednesday's trading update from Sainsbury was in line with expectations, prompting Charles Stanley to reiterate its advice to clients to accumulate the shares. With Sainsbury management saying it is comfortable with consensus profit before tax forecasts of £655m for the current year Charles Stanley
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