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Alkane Energy has unveiled an agreement with Edgon Resources to transfer rights over its shale interests in 10 licence areas to Egdon in exchange for shares. A total of 40m Edgon shares will be issued to Alkane, based on independent resource estimates. The transfer of the assets gives Alkane an 18
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LONDON (Alliance News) - AstraZeneca Tuesday again rejected Pfizer's "opportunistic" GBP63 million takeover approach, as UK politicians grilled executives of both companies about the potential deal and what it will mean for the UK's pharmaceutical industry.
Cruciall
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
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FTSE 100 - WINNERS
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Barratt Developments, up 3.1%, and Persimmon, up 2.1%. The housebuilders have
LONDON (Alliance News) - Egdon Resources PLC Tuesday confirmed a placing and open offer to raise up to GBP7 million and entered a sale and purchase deal with Alkane Energy PLC regarding the previously announced transaction of Alkane's shale assets for Egdon shares. Egdon, a UK-focused oil a
Read moreLONDON (Alliance News) - Egdon Resources PLC and Alkane Energy PLC said Monday that they are in advanced discussions regarding a potential transaction of Alkane's shale assets for Egdon shares. Accompanying the proposed transaction, Egdon has proposed a GBP7 million fundraising for working
Read moreLONDON (Alliance News) - Egdon Resources PLC Friday said it swung to profit in the first half, as it unveiled a resource estimate upgrade for its northern England licences. The exploration and production company, with a primary focus on the hydrocarbon-producing basins of the onshore UK, po
Read moreLONDON (Alliance News) - UK shares have opened lower Friday on heightened concerns about the standoff in Ukraine.
William Hill said it will close 109 gaming shops in response to the UK government's hike to machine gaming duty, putting 420 employees at risk. William
LONDON (Alliance News) - UK ministers are hoping to give energy companies the right to run shale gas pipelines under private land without being affected by trespass laws, according to the BBC on Tuesday. The BBC said Whitehall sources have confirmed that the planned move will be included in
Read moreLONDON (Alliance News) - UK ministers are hoping to give energy companies the right to run shale gas pipelines under private land without being affected by trespass laws, according to the BBC on Tuesday. The BBC said Whitehall sources have confirmed that the planned move will be included in
Read moreLONDON (Alliance News) - IGas Energy PLC Monday said it has found positive results from exploration on the Irlam-1 well at Barton Moss near Manchester, and it has completed a 3D seismic survey on its PEDL 139/140 Licence. The UK-focused oil and gas exploration and development company said t
Read moreLONDON (Alliance News) - UK Onshore Gas Ltd is planning a listing on the London Stock Exchange's AIM market in the next three months to help finance its ongoing exploration programme in Wales, according to The Times Friday. The shale gas explorer, which plans to start drill testing in June,
Read moreLONDON (Alliance News) - UK Chancellor of the Exchequer George Osborne Wednesday moved to encourage firms to seek out remaining North Sea oil and gas reserves, pledging financial support for drilling in more expensive and more difficult ways. In his annual budget, Osborne announced a new al
Read moreLONDON (Alliance News) - Energy firm Cuadrilla Resources Ltd has announced that tests at its shale gas resource in the North West of England may have increased the resource by over 50%, according to the BBC on Wednesday. A geologist with Cuadrilla has increased the estimates of gas in place
Read moreLONDON (Alliance News) - Egdon Resources PLC Tuesday said it has completed the placing of 12 million new shares at 25 pence per share, raising roughly GBP3.0 million. The onshore hydrocarbon exploration and development company said the proceeds will be used to strengthen its working capital
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