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Antrim boosts gas production in southern Argentina

Tue, 30th Aug 2011 12:31

Oil 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-entered and fracture stimulated in August of this year. As a result of the fracturing, both wells are now producing a greater amount of cubic feet per day. The first of the wells, which was producing 0.4m cubic feet per day (CFD), is now placed on production at an initial production rate of 5m CFD, while the second well, which was producing 1m CFD has now doubled its output. The company said that the improved flow rates are expected to bolster the company's Tierra Del Fuego production, which averaged 1,600 barrels of oil equivalent per day during the first six months of the year. "Argentina is a self sustaining and growing profit centre for Antrim. The company is currently building an exploration portfolio, having recently acquired a 50.1% working interest in and operatorship of the Cerro los Leones exploration permit in the Neuquen Basin," the group said. The share price was up 8.18% to 59.50p at 12:49. NR
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29 Jul 2014 15:35

Antrim Energy finds potentially big oilfield off Irish coast

Shares in Canadian oil & gas explorer Antrim Energy more than doubled after it said it had found a potentially large oilfield off the coast of the Irish Republic. The stock rose 4.6p or 142.3% to 7.9p at 14:46 in London after Antrim said a prospective resources report on its Frontier Exploration Li

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29 Jul 2014 11:40

UK MIDDAY BRIEFING: Next Remains Stand-Out UK Retailer

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29 Jul 2014 11:09

UK WINNERS & LOSERS: Next Jumps After Further Profit Upgrade

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29 Jul 2014 10:53

Antrim Energy's FEL 1/13 Has Potential 1.1 Billion Barrels Of Oil Equivalent

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7 Apr 2014 11:40

UK MIDDAY BRIEFING: GlaxoSmithKline Investigates Iraq Allegations

LONDON (Alliance News) - Pharmaceuticals giant GlaxoSmithKline has confirmed that is investigating allegations of improper conduct in its Iraq business.

The Wall Street Journal had cited a person familiar with the matter saying that Glaxo was violating US and UK ant

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7 Apr 2014 10:41

UK WINNERS & LOSERS: Tech Stocks Among Biggest FTSE Losers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.

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FTSE 100 - WINNERS

CRH, up 0.7%. The building materials group is receiving a boost from some merger and acqui

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7 Apr 2014 10:26

Antrim Energy Jumps As Shareholders Agree To Sale Of Subsidiary

LONDON (Alliance News) - Antrim Energy Inc Monday said its special resolution to approve the sale of its Causeway, Kerloch, and Cormorant East assets in the North Sea was passed at its recent shareholders meeting, helping to offset some of its financial difficulties. The oil and gas explora

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28 Mar 2014 10:36

Antrim Energy Pretax Losses Narrow, Doubts Remain Over Company's Future

LONDON (Alliance News) - Antrim Energy Inc Friday said its pretax losses narrowed significantly in its full-year 2013 but that there remain significant doubts over the future of the company. The oil and gas exploration company, which is yet to produce any revenues, said its pretax loss narr

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10 Feb 2014 16:43

STOCKS NEWS EUROPE-UK's AIM index outpaces blue-chips

The junior-listed FTSE AIM All Share Index closes up 0.4 percent to outperform a 0.3 percent gain on the blue-chip FTSE 100 index. The FTSE Small Cap Index rises 0.2 percent, while the FTSE 250 mid-cap index advances by 0.3 percent. Sterling Energy closes up 2.5 percent after it says

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10 Feb 2014 13:17

UK MIDDAY BRIEFING: Barclays Up Despite Confirming Profit Fall

LONDON (Alliance News) - Barclays shares are higher Monday despite the bank confirming that its 2013 pretax profit excluding provisions will drop by over GBP2 billion and as it launched a probe into allegations that details of tens of thousands of its account holders have been

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10 Feb 2014 11:40

UK WINNERS & LOSERS: Centrica, SSE Fall After UK Energy Secretary Letter

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday. ------- FTSE 100 - WINNERS Barclays, up 1.9%. The bank is amongst the leading blue-chip gainers despite saying that it will report a GBP5.2 billion adju

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10 Feb 2014 10:16

Antrim Energy Enters Deal To Sell UK Subsidiary

LONDON (Alliance News) - Antrim Energy Inc said after the market close on Friday that it has entered into an agreement for First Oil Expro Ltd to buy its UK subsidiary, Antrim Resources Ltd for USD53 million in cash. The oil and gas exploration company stated that the deal also includes the

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10 Feb 2014 09:35

Antrim Energy sells UK subsidiary to raise cash

North Sea and Ireland oil explorer Antrim Energy is offloading its UK arm for 53m dollars to fund higher-than-expected project costs, boosting its shares. Antrim, which has two producing North Sea fields, has agreed to sell Antrim Resources to First Oil Expro, although it will keep its interests in

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15 Nov 2013 17:13

STOCKS NEWS EUROPE-UK small caps advance, AGA strong gainer

The FTSE Small Cap index edges up 0.1 percent, while the FTSE AIM index slips 0.1 percent, lagging a 0.4 percent rise on the FTSE 100 . Shares in AGA Rangemaster rise 6.7 percent as the kitchen furniture maker says its cooker orders are up by more than 15 percent so far this year. Vol

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15 Nov 2013 12:37

UK WINNERS & LOSERS: IAG Dives Despite Raising Profit Guidance

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