1 Jul 2014 10:37
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Fri, 29th Jun 2012 11:36
Frontera Resources, the Georgia- (USA) focused oil company has reported falling revenues for full year 2011. Crude oil sales fell from 8.3m dollar in 2010 to 7.4m dollars in 2011. The company also completed a restructuring during the year resulting in a net loss of 119.9m dollars compared to 63.9m dollars in 2010. Earnings per share came in at 13 cents. By 11:50 the shares had fallen 15.3 per cent.Ariana Resources, the gold miner focused on Turkey had risen 2% by midday after one of its directors, Managing Director, Kerim Sener bought 300,000 shares in the firm. Sener now holds 1.71% of the stock.Copper Development (CDC), the exploration company focused on the Philippines, rose in morning trading after revealing a Joint venture agreement for 70% interest in its Basay project. The site has already yielded "long, high grade intersections" and has the potential to become a "world class" asset, according to the firm. CDC has now converted a debenture loan into a 70% stake.Gold Oil, an oil and natural gas explorer focused on South America, says there "can be no certainty" that it will complete a farm-in at its concession in Peru. The firm is also experiencing delays at its Azar block in Colombia. The stock was down 5.5% at 11:55.Sirius Petroleum nearly tripled pre-tax losses for the full year ended December 31st despite starting to generate revenue. Loss for the period came in at $9.30m compared to $3.86m the previous year. Basic losses per share rose to 1.35c (2010: 0.77c). During the year the firm generated revenues of $0.14m (2010: $0.0m). Despite the losses, the company remains positive regaring its joint venture links and continues to review potential marginal field opportunities currently held by oil majors and is confident that it will benefit from involvement in the Marginal Field bid round. BS/NR
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27 Jun 2014 09:14
10 Apr 2014 12:30
UK MIDDAY BRIEFING: Same Problems For M&S, WH Smith
LONDON (Alliance News) - Retailers Marks & Spencer and WH Smith Thursday reported better performances than of late, but still saw their shares decline as analysts worried that they still have a lot to do to fix their long-standing issues.
Marks
10 Apr 2014 10:57
UK WINNERS & LOSERS: M&S, WH Smith Drop Sharply After Early Strength
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday. ------- FTSE 100 - WINNERS ------- Resolution, up 1%. The firm said its insurance and pensions provider Friends Life is scrapping active member
Read more10 Apr 2014 09:51
Frontera Resources To Sell Up To 50% Interest In Taribani For USD36 Million
LONDON (Alliance News) - Frontera Resources Corp Thursday said it has signed an agreement with Varang Exploration Ltd to sell up to a 50% interest in its Taribani Field Complex in Georgia for up to USD36 million in return for a drilling programme at the site. The oil and gas exploration and
Read more4 Apr 2014 11:33
UK MIDDAY BRIEFING: EasyJet, Flybe Passenger Numbers Soar
LONDON (Alliance News) - Airlines are trading higher Friday after low-cost airlines easyJet and Flybe Group said they flew more passengers and filled more of the seats in their planes in recent weeks.
EasyJet said it flew 5.1 million passengers in March, up from ne
4 Apr 2014 10:29
UK WINNERS & LOSERS: Housebuilders Subside, EasyJet, IAG Fly High
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday. ------- FTSE 100 - WINNERS EasyJet, up 2.4%. The low-cost airline said it flew more passengers and filled more of the seats in its planes in March. It s
Read more4 Apr 2014 07:29
Frontera Resources Begins Gas Production Operations At Mtsare Khevi
LONDON (Alliance News) - Frontera Resources Corp Friday said it has begun gas production operations at its Mtsare Khevi Gas complex in the country of Georgia. The oil and gas exploration and production company said it has completed the commissioning of the gas gathering and transportation i
Read more20 Jan 2014 11:22
Frontera Resources Completes GBP910,000 Fund Raising Initiative
LONDON (Alliance News) - Frontera Resources Corporation Monday said it has successfully completed an equity fund raising initiative of GBP910,000. The oil and exploration and production company, with operations in Georgia, said the fund raising, along with a USD5 million loan agreement the
Read more2 Jan 2014 09:14
Frontera Resources dips despite progress reported
Frontera Resources reported progress towards selling gas from its Mtsare Khevi Field in Georgia. Testing and final regulatory approval of the installed 14km system is nearly complete ahead of first gas sales. AIM-listed Frontera said it believed production from currently shut-in gas wells could
Read more30 Sep 2013 12:50
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