Trinity Exploration sells onshore assets for $21m
21st Oct 2015 10:52
(ShareCast News) - Trinity Exploration is selling its onshore assets for $20.8m to Touchstone Exploration. The AIM-listed company announced the deal on Tuesday, which follows on from the company's strategic review of assets announced in April. It will sell its interests in the WD-2, WD-5/6, WD-13,
Read moreTrinity Exploration makes COO redundant amid cost-saving strategy
23rd Sep 2015 09:20
(ShareCast News) - Upstream oil and gas company Trinity Exploration and Production has made its chief operating officer redundant. The London-listed company said the decision to relieve Craig McCallum of his duties came as the ongoing strategic review process had identified a series of cost savings
Read moreTrinity Exploration extends debt moratorium
14th Sep 2015 11:37
(ShareCast News) - Trinity Exploration has agreed a further extension to the moratorium on principal payments relating to its outstanding debt balance of $13m with its lender until 25 September. Trinity, an exploration and production company focused on Trinidad and Tobago, said the extension of its
Read moreTrinity Exploration tumbles as Centrica deal is terminated
28th Jul 2015 11:18
(ShareCast News) - Shares in Trinity Exploration & Production tumbled after the company said late on Monday that it has been unable to extend the term of its agreement to complete the purchase of 80% interests in two blocks offshore Trinidad from Centrica. As a result, the sale and purchase agreemen
Read moreTrinity Exploration's non-exec director steps down
22nd Jun 2015 08:18
Trinity Exploration announced that non-executive director Finian O'Sullivan will step down as non-executive director of the company as of 19th June. The Trinidad and Tobago based company are yet to reveal O'Sullivan's successor.
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreWednesday broker round-up UPDATE
20th Aug 2014 10:50
BHP Billiton: Deutsche Bank raises target price from 1450p to 1500p and leaves its buy recommendation unchanged. Investec increases target price from 2175p to 2205p and maintains a hold recommendation. Big Yellow Group: Liberum Capital ups target price from 565p to 591p and keeps its buy recommenda
Read moreWednesday broker round-up UPDATE
6th Aug 2014 10:20
Aggreko: Jefferies raises target price from 1800p to 2000p and keeps a buy recommendation. Investec ups target price from 1650p to 1700p and leaves its hold recommendation unchanged. Avingtrans: FinnCap cuts target price from 170p to 155p downgrading from buy to hold. Aviva: Jefferies initiates wi
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
Read moreTrinity Exploration production rates slip in first quarter
11th Apr 2014 08:17
Trinidad and Tobago-focused oil group Trinity said that average production rates declined slightly in its first quarter. Net production averaged 3,978 barrels of oil equivalent per day (boepd) in the first three months of the year, down from the 4,210 boepd rate registered in the fourth quarter. I
Read moreTuesday broker round-up UPDATE
11th Mar 2014 09:03
Aviva: RBC Capital takes target price from 400p to 550p upgrading to neutral. Nomura increases target price from 489p to 625p and reiterates a buy recommendation. Balfour Beatty: Citi raises target price from 220p to 310p maintaining a neutral rating. Goldman Sachs reduces target price from 335p to
Read moreTrinity abandons El Dorado well
7th Feb 2014 07:40
Oil and gas explorer Trinity will plug and abandon its El Dorado exploration well offshore the west coast of Trinidad. The well failed to encounter significant oil and gas after being drilled to a total depth of 6,174 feet measured depth. In aggregate of approximately 13 feet of net oil sands and
Read moreTuesday broker round-up UPDATE
10th Dec 2013 09:43
Amlin: Westhouse Securities moves target price from 470p to 480p and reiterates an add rating. Antofagasta: Credit Suisse reduces target price from 900p to 750p, while upgrading to neutral. UBS cuts target price from 845p to 765p retaining its neutral rating. Ashley House: WH Ireland moves target
Read moreThursday broker round-up UPDATE
19th Sep 2013 08:20
ASOS: Canaccord Genuity increases target price from 3400p to 6200p and upgrades to buy. Associated British Foods: Jefferies raises target price from 1650p to 1750p and retains a hold recommendation. Barclays: Alphavalue upgrades from add to buy with a target price of 344.20p. BHP Billiton: Nomura
Read moreMondi CFO sells 30,000 shares
10th May 2013 16:02
The Chief Financial Officer of Mondi, Andrew King, has sold 30,000 shares in the in the packaging and paper company. King, who was appointed in 2008, bought the shares at 881.35p a go, costing a total of £264,405. The sale was announced once week after the company said profits in the first quart
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