LONDON (Thomson Financial) - Buyers came for AIM-listed TomCo Energy, 0.075
of a penny firmer at 1.80 pence, following news that the company has engaged
consultancy firm TRACS International to prepare a bankable reserve report after
studying the oil and gas reserves underlying the Heletz and Iris oil fields in
Israel.
Interest was also seen in Leed Petroleum, 2 pence up at 63 pence, as the
company said it expects the commercial success of the Eugene Island A-7 well
sidetrack to add substantial reserves and materially increase the daily
production rate once brought on stream during this quarter.
Baltic Oil Terminals also made headway, adding 1-1/2 pence to 50-1/2 pence
after the oil terminal operator said it expects its second-quarter trading
revenues to exceed those of the first by 19 percent and terminal revenues to be
up 8 percent from the first quarter.
Its July order book is "strongly" ahead of June revenues and it is "very
close" to achieving group profitability on a monthly basis.
Baltic's performance in June was particularly strong, with trading and
terminal revenues estimated to exceed average monthly year-to-date revenues by
more than 100 percent and 60 percent respectively.
Still on the upside, Plant Health Care climbed 11 pence to 398 after the
provider of natural products for plants and soil was selected to join the
prestigious Cleantech Index of public cleantech companies.
tf.TFN-Europe_newsdesk@thomsonreuters.com
fjb/rfw
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