Falkland Oil and Gas, the South Falklands basin oil explorer, is down over 29% to 64p after the release of the following RNS just after 1pm, “FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, is providing this update on drilling operations…
The North Sea oil sector had a boost this week when the Government announced further tax breaks to companies working over older oilfields in order to enhance production – a welcome change from the dark days of 2010 when the Government was seeking to do the opposite and hobble the industry! Often with AIM and…
Well, yet another case this morning of certain larger investors appearing to have a head start over long suffering private investors. This time it’s with Namibia focused Chariot Oil and Gas. Just when is the FSA going to clamp down on this patent insider trading? Last Tuesday the share price dropped heavily, from around 122p…
For more research & Technical Analysis from Cantor Index click here to register. Monday, September 10, 2012 UK Reporting:- African Barrick Gold Plc, ABG, (Pr), Associated British Foods Plc, ABF, (R), Barclays Plc, BARC, (Pr), Centamin Plc, CEY, (Pr), Legal & General Group Plc, LGEN, (Pr), Lloyds Banking Group Plc, LLOY, (Pr), Polymetal International Plc, POLY, (Pr), Royal…
US nonfarm payrolls grew less than anticipated during August and so paving the way for the Federal Reserve to implement QE3, investors believe. Economists polled by Reuters and Bloomberg were expecting a rise of 125k in payrolls but the number came short at 96k, showing a persistent weakness in the job market. The unemployment rate…
We covered Phytopharm extensively in the June edition of our magazine (see here page 13 – http://issuu.com/spreadbetmagazine/docs/spreadbet-magazine-v6_generic) and updated in the latest edition in which we set out the investment case for a potentially very attractive return on the stock should the company’s Phase 2 trials of their primary drug Cogane, which is being used…
After signs that the Glencore, Xstrata merger was heading for failure, Glencore announced earlier today that it had increased its offer for Xstrata to the equivalent of £23.2 billion pounds, by offering 3.05 shares instead of 2.8 for every Xstrata share. We trailed this expectation here earlier in the week (link –http://www.spreadbetmagazine.com/blog/2012/8/31/pressure-begins-to-mount-on-glencore-over-xstrata-merger.html) The revised deal…
After a wait of over a month since the last operational update, Xcite Energy issued an RNS this morning on the progress of the Bentley North Sea field extended well test (EWT). The company has sold in excess of 135,000 barrels of Bentley crude, with pricing better than the Company’s assumption of the anticipated discount…
For more research & Technical Analysis from Cantor Index click here to register. UK Corporate Announcements Sthree announces Q3 gross profit gained 6% year on year and states that it continued its strong financial position as it is debt free and has a strong balance sheet UK Market News The Markets gained some confidence yesterday afternoon following the…
