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Antrim Energy gains on first oil production from Cormorant East

Mon, 14th Jan 2013 09:06

Antrim Energy advanced Monday following the announcement of the first oil production from its Cormorant East Field in UK Northern North Sea.The oil and gas company said an initial production rate of 5,500 barrels of oil per day with no water was achieved - 85 days following the discovery of the field. Oil will be exported to the Sullom Voe terminal for sale after being processed at the North Cormorant platform operated by TAQA Bratani.Cormorant East shows significant potential for upside dependent on thereservoir response to the existing well, according to an operator's analysis. Other locations within the Cormorant East development area have been identified and will be assessed. Stakeholders in the Contender Block include Atrium, TAQA, Dana Petroleum, First Oil Expro and Bridge Energy Enterprises.Under the terms of the farm-out agreement with TAQA, Antrim's working interest share of the drilling, completion and tie-in costs for the Contender Well were funded by TAQA. "Antrim's share of the completion and tie-in costs will be recovered by TAQA from revenue from Antrim's share of initial production," the company said in a statement. Shares soared 7.64% to 38.75p at 9:24 Monday. RD
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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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