Bowleven clarification May 12, 2011 Yesterday we reported that oil explorer Bowleven had found more oil at its Sapele-1 well off the coast of Cameroon. Bowleven in fact found oil at Sapele-1 in January, and yesterday announced a find of 35m of hydrocarbons at its nearby Sapele-2 well, which is being prepared for further testing.
Bowleven finds oil in Cameroon May 11, 2011 British oil explorer Bowleven said it found more oil at a key exploration well off the coast of Cameroon and increased its oil-in place estimates, sending its shares up two per cent. The Africa-focused company said most of the hydrocarbon-bearing targets were found in the lower and deep regions of the Omicron part of the [...]
THE TIPSTER November 3, 2010 RETAILERS took a tumble yesterday on the back of disappointing news from Next. With concerns that the UK economy may be stagnating, it could be a tough fight for the sector as we run towards the year’s end. Assuming credit remains catatonic, then there’s a good chance that we’ll see a limited seasonal uplift too. [...]
Record deal won by Dana Petroleum June 14, 2010 LISTED oil and gas group Dana Petroleum yesterday sealed a deal to buy Petro Canada Netherlands for €328m (£272.7m) in cash, its biggest ever acquisition, in order to open up access to the Dutch North Sea. Dana, which has oil and gas assets in the UK and North Africa, will put the deal to shareholders [...]
Soco raises £102m to fund drilling in Congo and Vietnam January 20, 2010 OIL explorer Soco International raised £102m in a share sale yesterday, to allow it to repay holders of a convertible bond due in May, while advancing a busy drilling programme. The shares were placed at a two per cent discount to the market price at 1,410p and, according to those close to the placing, they [...]
THE TIPSTER TURBULENCE MAY BE OVER FOR RYANAIR November 1, 2009 WE are still in earnings season, which means that shares and indices are subject to plenty of daily moves. Irish airline Ryanair had a turbulent time in October with its share price tumbling from €3.50 to below €3.00 so investors will be looking for some good news when it releases second quarter numbers today. The [...]
THE TIPSTER OIL PRESSURE COULD DRIVE PRICES UP June 28, 2009 OIL stocks have been finding their way into many portfolios recently, with US crude back above $70 per barrel and the threat of further disruption in Nigeria helping to support prices. New problems at Gazprom and in the Ukraine could mean further unease in the energy sector, and prices could rise further as we move [...]
Marston’s and GKN are next to raise cash June 18, 2009 THE WAVE of companies seeking to raise fresh capital from shareholders showed no sign of abating yesterday as engineer GKN and pub group Marston’s both announced rights issues. GKN aims to raise £423m, while Marston’s is asking the market for £176m. GKN’s 50p offer price represents a 39 per cent discount to Wednesday’s closing price. [...]
Max Petroleum set for AIM flotation October 24, 2005 Max Petroleum is to become the eighth largest AIM quote this year in the ever-growing oil and gas sector when it floats on Wednesday. The company is raising £26m and expects to reach a market capitalisation of £90m. It is also due to list in Frankfurt on the same day. The group specialises in oil [...]