Matrix has said that the Bowleven's test results for the Sapele-1ST (side-track) well were better than expected in light of pre-test expectations, and maintains its 'buy' rating and 390p target price.
[9 Jun '11]Panmure Gordon reduced its earnings forecasts for Domino's Pizza, reflecting the impact of start-up losses as part of the group's German expansion.
[9 Jun '11]Retailers are heavily under the cosh today after a raft of gloomy updates, but the top share index is little changed as investors await US jobs data due later in the afternoon.
[9 Jun '11]Bowleven, the West Africa-focused oil and gas explorer, saw its share price jump by more than a tenth on Thursday after tests at its Sapele-1ST (side-track) well showed flow rates believed to be commercial.
[9 Jun '11]Optimism returned to the markets in a big way Wednesday as corporate results in the UK and overseas suggested global economic recovery is underway. The FTSE 100 stormed back above 6,000 points.
[20 Apr '11]The top share index has soared back above the 6,000 point mark, with some well-received corporate news here and overseas whetting traders' appetites.
[20 Apr '11]Shares in Bowleven dived after the AIM-listed oil explorer announced drilling results from the Sapele-1ST well offshore Cameroon.
[20 Apr '11]A second attempt to spring into life evaporated ahead of the close on Monday and the top share index finished just a few points higher.
[28 Mar '11]