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Faroe: Oil Wouldn’t Flow from Cooper Well

Aug 24 2012 @ 06:15
“No hydrocarbons flowed to surface,” was what Faroe Petroleum plc (LSE:FMP) said today, after performing a formation drill stem test (DST) in one of the targets reached by its Cooper well in the Norwegian Sea. Shares lost 8.9%, equivalent to 14.25 pence, to £1.45 an hour after the announcement was released – a reversal of […]
 

Borders & Southern Shares Rally on Gas Condensate Analysis Results

Aug 23 2012 @ 13:00
Borders & Southern plc (LSE:BOR) surprised the market this afternoon by releasing the results of the fluid sample taken from the Darwin well it drilled back in January this year. Shares closed 56.1% higher than yesterday to 32 pence, three hours after the Falkland Islands-focussed oil and gas explorer said the recoverable volume of gas […]
 

Delcam – A stock worth a Flutter?

Aug 23 2012 @ 12:12
I remember meeting the management of AIM listed CAD software stock Delcam (LSE:DLC) a few years ago and with the shares having almost trebled over the past 3 years to 810p I am a bit miffed that I did not get rather more enthusiastic. It is one of those companies where the shares never look cheap […]
 

Petropavlovsk's Profit Plunges 90%

Aug 23 2012 @ 09:26
How was it possible for one miner to produce more gold at a higher price and yet report a 90% dilution of profit? That must have been the question in every Petropavlovsk plc’s (LSE:POG) shareholder’s mind right now after reading the half year results released today. All 286,074 ounces of gold sold at a price […]
 

Quadrise Ready to Revolutionise Oil Industry ~ Shares Skyrocket

Aug 22 2012 @ 10:49
Quadrise Fuels International (LSE:QFI) has been having quite a week.  Today hasn’t been so bad either.  At 9:00 am its share price had skyrocketed by 72.5% over yesterday’s close of 5.88 pence, and 113.6% over one week ago, when it was trading at 4.75 pence.  Having reached 10.145 pence, it tapered off to 8.89 pence […]
 

Red Emperor Suspends Trading on AIM

Aug 21 2012 @ 09:15
Red Emperor Resources NL (LSE:RMP) (ASX:RMP) requested to halt trading of its shares on the Alternative Investment Market today, prior to the release of the latest update of the exploration activities from its Shabeel North well in Puntland, Somalia. The move, nonetheless, did not shake rumours of an impending doom amongst investors but rather sparked […]
 

Afren Investors React Conservatively to Record Results

Aug 21 2012 @ 09:03
Independent oil & gas company, Afren plc (LSE:AFR), released its results for the first six months of 2012 much to the delight of its shareholders.  Although shares had risen only slightly by the end of the noon hour, the next few days ought to continue to bring a positive response to such a strong report. […]
 

Genel Energy Secures Lead in Oil and Gas Production in Kurdistan

Aug 21 2012 @ 07:58
Genel Energy plc (LSE:GENL) continues to secure its position as the biggest oil and gas producer in the autonomous region of Kurdistan, in Iraq, and has recently signed a deal taking a further 26% interest in another oil field in the said region. In a statement announced today, the London-listed firm said it signed a […]
 

Shanta Gold Commences Production at New Luika Mine

Aug 20 2012 @ 09:50
The long wait is over. Shanta Gold Limited (LSE:SHG) is finally on its way to produce between 13,000 and 17,500 ounces of gold from its New Luika Gold mine in Tanzania by the fourth quarter of 2012, the company said today. Shares of the Shanta Gold, trading on the Alternative Investment Market, gained 11.4% to […]
 

Shell Swaps Aussie Assets. Shares Swoon Slightly.

Aug 20 2012 @ 09:11
The share price of Royal Dutch Shell (LSE:RDSA) moved modestly downward today, perhaps in response the company’s announcement that of its “swap” of natural gas assets with Chevron in Western Australia.  Shell opened the day at 2,259 and declined steadily to 2.238 by 1:00 pm. Summary of the Swap In the simplest of terms, according […]
 
 
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