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Resource round-up: Sunrise Resources, Antrim Energy, Sacoil

Tue, 21st Aug 2012 10:49

Sunrise Resources, the minerals explorer, says it has completed the first Aboriginal heritage survey at its Cue kimberlite site in Western Australia, with drill testing expected to start next week. The group also says mining studies have been 'largely completed' at its Derryginagh barite project in Ireland. Commenting on the news, Patrick Cheetham, Executive Chairman, said: "It is rewarding to report that the Cue diamond project has now progressed to this exciting drill stage and we look forward to reporting the results of diamond sampling and evaluation." The stock had gained 28% by 11:55.Canadian outfit,Antrim Energy has won UK government approval for its development plan for the Fionn Field in the North Sea. The Fionn plan utilises the previously drilled but suspended "211/22a-6" well. It was drilled in 2007 during the appraisal phase of Fionn and Causeway and produced oil at a rate of approximately 5,500 barrels of oil per day (bopd). First oil is anticipated in mid-2013 and the initial production estimate is at 4,500 bopd (1,600 bopd net to Antrim). The stock was up 8.6% at 11:02.Africa-focused oil and gas player Sacoil has lifted its cautionary statement over the buying and selling of its shares. The company had been involved in discussions over a possible "transaction" that would have had a material effect on the stock price. Those discussions have now been suspended: "until the negotiating parties are in a position where decisions can be made decisively and rapidly." The news has seen Sacoil drop 6% by 12:00.
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15 Nov 2013 10:11

Antrim Energy Shares Plummet Despite Its First Ever Quarterly Profit

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25 Oct 2013 11:24

UK WINNERS & LOSERS: Partial Sell-Off Again Sees Centamin Rise As Nyota Falls

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25 Oct 2013 10:29

STOCKS NEWS EUROPE-UK small caps up slightly more than blue-chips

Britain's small cap equity indexes rise to slightly outpace gains on the blue-chip index. The FTSE Small Caps Index and junior-listed FTSE AIM All Share Index are both up by 0.2 percent in mid-session trade, with the blue-chip FTSE 100 index up by 0.1 percent. The FTSE 250 Mid Caps I

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25 Oct 2013 09:33

MARKET COMMENT: UK Shares Trade Flat, UK GDP In Line, German Data Weak

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25 Oct 2013 08:24

Antrim shares jump as Causeway and Cormorant production resumes

Canada-based oil and gas company Antrim Energy said oil production at the Causeway and Cormorant East Fields in the North Sea had restarted. It follows the completion of maintenance work on the North Cormorant platform. Antrim, which has a 35.5% interest in the Causeway field and 8.4% interest in

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25 Oct 2013 07:22

Antrim Energy Says Production To Rise At Causeway Field

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2 Jul 2013 15:05

Antrim says new technology puts small N.Sea oil field back on track

By Sarah Young LONDON, July 2 (Reuters) - Small North Sea explorer Antrim Energy said new technology had allowed it to revive plans to start oil production at a field it previously abandoned as unviable, sending its shares up 45 per cent and raising hopes other such fields could be develope

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2 Jul 2013 11:20

STOCKS NEWS EUROPE-UK small caps fall 0.1 percent mid-session

The FTSE AIM index falls 0.1 percent, outperforming a 0.4-percent drop from the midcaps, while lagging the FTSE Small Cap index which trades flat. AIM-listed exploration and production firm Antrim Energy jumps 46 percent in brisk trade after the UK Department of Energy and Climate Change a

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15 May 2013 13:53

Antrim Energy fails to impress despite reduction in Q1 losses

Antrim Energy shares dropped by nearly a third after the AIM-listed exploration and production company revealed its working capital declined sharply in the first quarter of the year - and despite significantly reduces its losses for the period. At the quarter-end the group had a working capital de

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14 May 2013 11:54

Antrim Energy's farm out deal with Kosmos Energy approved

Antrim Energy's farm out deal with Kosmos Energy has been given the green light by the Irish government. The two will now apply to the Minister of State at the Department of Communications, Energy and Natural Resources for the licensing option 11/5 to be converted into a 15-year frontier explorati

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1 Feb 2013 09:32

Antrim Energy pulls withdraws from Fionn Field subarea

AIM-listed exploration and production company Antrim Energy has elected to opt out of the Fionn Field development in the North Sea, according to an operational update issued by the company on Friday. The company, which has interets offshore in the UK North Sea, Ireland and Tanzania, stated that the

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1 Feb 2013 07:55

Friday broker round-up UPDATE

Afren: HSBC shifts target price from 190p to 200p, while reiterating an overweight rating. Antofagasta: Exane BNP reduces target price from 1500p to 1350p maintaining an outperform rating. Antrim Energy: Westhouse Securities lowers target price from 70p to 65p and reiterates a buy recommendation.

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16 Jan 2013 17:36

CORRECTED-UPDATE 2-Antrim's oilfields shut after leak in UK Brent pipeline system

(Corrects paragraph 8 to say oil prices hit a high of $110.84, not $111) * Production halted at Causeway, Cormorant East fields * Analyst estimates production could be halted by a week * Antrim shares fall as much as 4 percent By Krithika Krishnamurthy Jan 16 (Reuter

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16 Jan 2013 15:35

UPDATE 1-Antrim's 2 fields shut after leak in UK Brent pipeline system

* Production halted at Causeway, Cormorant East fields * Analyst says impact on Antrim could be minor * Antrim shares fall as much as 4 percent By Krithika Krishnamurthy Jan 16 (Reuters) - Antrim Energy Inc said two of its oil fields in the North Sea went off production following a leak in an oil p

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16 Jan 2013 09:17

Antrim Energy: potential hydrocarbon leak on Cormorant Alpha platform

Antrim Energy has announced that the export infrastructure system used by the Causeway Field and Cormorant East Field in the UK Northern North Sea is currently unavailable due to a potential hydrocarbon leak on the Cormorant Alpha platform. All production and associated pipeline infrastructure ass

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