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Antrim Energy, the Canadian oil company, says it has drilled a successful sidetrack well to assess the Erne discovery in the UK section of the North Sea. The sidetrack encountered around 24 feet of net oil and 14 feet of net gas in a high quality sandstone reservoir, Antrim revealed. Antrim did no
Read moreAntrim Energy, the Calgary based oil exploration company, has announced a discovery at its Erne exploration well in the North Sea. Antrim, which has a 50% interest in the well, with Premier Oil holding the other 50%, says a hydrocarbon column in excess of 50 feet was encountered during drilling. T
Read moreOil and gas exploration company Antrim Energy has succesfully completed fracture stimulation, a process which creates fractures in the rock formations to help recover the natural gas, at two of its wells in Tierra Del Fuego, southern Argentina. Both wells, which had already been drilled, were re-e
Read moreHaving hovered around its starting point for much of the day, the top share index finished just a few points higher. Vodafone's sale of what it considers non-core minority stakes continues with the sale of its 44% holding in French mobile phone group SFR to French media group Vivendi for €7.75bn (£
Read moreShares are still seeking direction after a slight recovery following a lower start in the morning. It has been a morning for asset sales with both telecoms giant Vodafone and oil colossus BP pressing on with their respective asset sale programmes. Vodafone's sale of what it considers non-core min
Read moreFTSE 250 oil and gas company Premier Oil has exercised its option to drill the East Fyne appraisal well in the UK Central North Sea. Premier has a joint venture and earn-in agreement relating to the area of the North Sea containing the East Fyne well with oil and gas firm Antrim Energy. Under the
Read moreOil and gas firm Antrim Energysaw revenue ease back in 2010 despite surging oil prices, but losses narrowed sharply. Revenue in 2010 fell to $12.54m from $12.95m the year before. Net loss narrowed to $7.96m from $12.56m in 2009. The company ended 2010 with no debt and cash reserves of $25.7m. Cash
Read moreInfrastructure and building products supplier Hill & Smith has slumped after a challenging second half in the UK caused by uncertainty created around the Comprehensive Spending Review (CSR). Chiefs now expect underlying profit before tax for the year to 31 December 2010 to be marginally below the
Read moreA 'highly encouraging' result from tests at its Putu iron ore project in Liberia has given shares in African Aura Mining a lift. 'We are incredibly pleased with the metallurgical test results from the Putu project which indicate substantially improved recoveries and higher concentrates to what had
Read moreThe chief executive and retail director of bakery and sandwich chain Greggs have foregone half of their bonuses in return for shares that will be held in trust for three years. Chief executive Kennedy McMeikan has invested £33,696 in 6,821 shares at 494p each. This takes McMeikan's shareholding in
Read moreOil and gas firm Antrim Energy finished 2009 with a healthy cash position and an improved reserves position. The debt free company had cash of $31.2m at the end of 2009, and saw its proved plus probable reserves improve by around 3% to 37.2m barrels from the end 2008 level. The proved plus probabl
Read moreSolo Oil lost almost a quarter of its value after it announced plans to raise £6.4m and said it has signed a farm-out agreement with Aminex to earn a 12.5% interest in the Likonde-1 well in Tanzania. The group has placed a total of 1,280,000,000 new ordinary shares at a placing price of 0.5 pence e
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