Tue, 17th Mar 2015 14:42
AIM-listed oil and gas exploration group Bowleven has entered into a farm-out drill-to-earn arrangement with Africa Fortesa Corp (AFC). AFC will earn a 20% interest in the group's Bomono Permit in return for drilling two exploration wells. Based on the terms of the arrangement, the cost of the two
Read moreAfrica-focused oil and gas explorer Bowleven has achieved its much anticipated farm-out agreement on its Etinde Permit offshore Cameroon. The AIM-listed company has farmed out two thirds of its 75% stake in Etinde to Russia's Lukoil and private equity-backed explorer NewAge for $250m. In return fo
Read moreUBS has hiked its target price for Shire by nearly a tenth, saying that the rumoured acquisition of Nasdaq-listed NPS Pharmaceuticals would "make sense" for the Dublin-based biopharmaceutical group. The bank kept a 'neutral' stance on the shares, but lifted its target from 3,150p to 3,450p. UBS sai
Read moreLONDON (Alliance News) - Wolseley is the biggest gainer on the FTSE 100 Tuesday after the plumbing and heating products distributor reported higher trading profit for its fiscal third quarter, driven by strong growth in the US and Nordic countries.
However, adverse
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
-------
FTSE 100 - WINNERS
-------
Wolseley, up 2.7%. The plumbing and heating products distributor is one of ju
Africa-focused oil and gas group Bowleven saw its shares race ahead on Tuesday after the receiving state support for the next step of its Etinde project offshore Cameroon. Following meetings last month, a formal resolution confirming Cameroon's approval of the Etinde Exploitation Authorisation Appl
Read moreWesthouse Securities has maintained its 'buy' recommendation for Africa-focused oil and gas group Bowleven after the company achieved a "key hurdle" in progressing its Etinde gas and condensate project offshore Cameroon. Following meetings last month, a formal resolution confirming Cameroon's appro
Read moreLONDON (Alliance News) - Bowleven PLC Tuesday said a formal resolution confirming the Cameroon government's support for its Etinde Exploitation Authorisation application has been signed. The Africa focused oil and gas exploration company said the resolution was signed following a meeting on
Read more