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11 Jun 2014 09:20

DIRECTOR DEALINGS: Fastnet Oil & Gas Director Buys 1 Million Shares

LONDON (Alliance News) - Fastnet Oil & Gas PLC Wednesday said Executive Director Carol Law bought 1 million shares at a price of USD0.1014 per share Tuesday which represents her only holding in the company. Shares in the oil and gas company were trading down 1.9% at 5.76p Wednesday. B

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12 May 2014 08:43

Fastnet Oil & Gas Appoints Will Holland As Chief Financial Officer

LONDON (Alliance News) - Fastnet Oil & Gas PLC Monday said Will Holland has been appointed to its board as chief financial officer with immediate effect. The exploration and production oil and gas company with operations in Africa and the Celtic Sea said Holland has 20 years of experience i

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6 May 2014 13:26

Broker tips: Barclays, Coca-Cola HBC, IHG...

Shares in Barclays fell following Tuesday's news of a fall in first-quarter profits, but brokers are advising investors to buy the shares on hopes that its turnaround plan will bear fruit. Barclays is cutting costs and slashing jobs in a shake-up to streamline the bank and has pledged to give more

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6 May 2014 11:22

UK MIDDAY BRIEFING: AstraZeneca Asks For Investor Patience

LONDON (Alliance News) - AstraZeneca Tuesday set out its defence against a GBP63 billion takeover offer from US rival Pfizer Inc, urging its investors to be patient because it is set to grow quickly after it invests in its pipeline and transforms the company over the next few

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6 May 2014 11:20

Cantor cuts Fastnet target after abandoned Moroccan well

Cantor Fitzgerald has slashed its target price for AIM-listed Fastnet Oil & Gas after the company plugged and abandoned one of its wells offshore Morocco. Fastnet said that the FA-1 well in the Foum Asska Offshore block, the first in a series of play-opening wells designed to unlock the Agadir Basi

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6 May 2014 10:21

CORRECT: UK WINNERS & LOSERS: Balfour Beatty Drops 18% On Profit Warning

(Correcting AstraZeneca made its statement on Tuesday.) 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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Persimmon, up 3

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6 May 2014 10:19

UK WINNERS & LOSERS: Balfour Beatty Drops 18% On Profit Warning

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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Persimmon, up 3.6%, and Barratt Developments, up 1.8%. The h

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6 May 2014 08:51

Fastnet abandons first Agadir well

AIM-listed Fastnet Oil & Gas has abandoned a Moroccan offshore well after failing to encounter commercial levels of oil or gas. Shares in the company were down 28% to 7.63p as the company said the well, which is the first in a series of wells designed to unlock the Agadir Basin, was plugged and ab

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6 May 2014 08:16

Fastnet Fails To Find Commercial Oil & Gas At FA-1 Well

LONDON (Alliance News) - Fastnet Oil & Gas PLC Tuesday said it has failed to find commercial hydrocarbons at its first well in a series of wells designed to open up a new major producing region in the Foum Assaka offshore block in Morocco. The exploration and production company, with activi

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6 May 2014 07:33

UK MORNING BRIEFING: Barclays Results Dragged Down By Investment Bank

LONDON (Alliance News) - UK shares have opened marginally higher Tuesday despite growing tensions in Ukraine but following a modestly positive lead from Wall Street on Monday.

Several major UK companies have provided quarterly updates early Tuesday.

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30 Apr 2014 11:10

Fastnet Oil & Gas Completes Sale Of 9% Interest In Foum Assaka

LONDON (Alliance News) - Fastnet Oil & Gas PLC Wednesday said it has formally completed the sale of interest in its Foum Assaka Licence in Morocco to SK Innovation Co Ltd. The oil and gas exploration and production company, with operations in Morocco and the Celtic Sea, said it has now form

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19 Mar 2014 09:00

Wednesday broker round-up UPDATE

Afren: Canaccord Genuity lowers target price from 185p to 180p and stays with its buy recommendation. Antofagasta: Westhouse Securities reduces target price from 1060p to 985p staying with its buy recommendation. Credit Suisse downgrades from neutral to underperform with a target price of 750p. JP

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17 Mar 2014 13:13

Fastnet Oil & Gas Announces Start Of Drilling At FA-1 Well

LONDON (Alliance News) - Fastnet Oil & Gas PLC Monday said it started drilling the FA-1 well in the Foum Assaka area, offshore Morocco, on Sunday. The exploration and production company, with activities in Africa and the Celtic Sea, said the operator of the site, Kosmos Energy Ltd plans to

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17 Mar 2014 08:19

Fastnet Oil & Gas announces start of drilling on Foum Assaka

Fastnet Oil & Gas, the exploration and production company focused on Africa and the Celtic Sea, on Monday announced that its partner and operator in the Foum Assaka area, offshore Morocco, had begun drilling the FA-1 well. The well, which is located within the Foum Assaka area on the Eagle Prospec

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24 Feb 2014 11:16

Fastnet Oil & Gas Expects Forum Assaka FA-1 Well To Spud In March

LONDON (Alliance News) - Fastnet Oil & Gas PLC Monday said Kosmos Energy, its partner in the Forum Assaka licence area, offshore Morocco expects the FA-1 well to spud March. The FA-1 well, located within the Forum Assaka Licence, will target the Eagle prospect, which is estimated by the ope

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