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Don't have an account? Click here to register.Small caps round-up: Bahamas Petroleum, Forte Energy, Sound Oil
Wed, 16th Mar 2011 08:04
Oil and gas exploration company Bahamas Petroleum is to raise in the region of £45.6m through a placing of shares at 18.75p each. The company said 110m new shares have definitely been placed, while a further 133.1m have been conditionally placed.The funds will be used to speed up the company's exploration programme, specifically £23m for 2D and 3D seismic acquisition and processing and £4m for a geochemical seabed sampling survey, with the remainder being used to working capital purposes.Uranium miner Forte Energy saw losses narrow to $1.15m in the half-year to end-December from $1.7m the year before. Cash and cash equivalents at the end of 2010 stood at $1.06m, down from $4.09m at the end of June 2010.Upstream oil and gas company Sound Oil hit a 52-week high Wednesday after its Italian subsidiary, Apennine Energy, signed a contract with Hydro Drilling International to supply a drilling rig for the Marciano-1ST well completion operation. Apennine Energy holds a 99% working interest in the Fonte San Damiano concession located in Basilicata which contains the Marciano discovery."This is pleasing news and confirmation that the Company is on track to meet its operations schedule and expectations of first production this year," said Gerry Orbell, chairman and chief executive of Sound Oil.
More News
2 Oct 2015 08:54
Forte Energy pulls out of Slovakia joint venture, reviews West Africa operations
(ShareCast News) - Forte Energy has decided to end its partnership with European Uranium Resources. The AIM listed company has forfeited its 50% interest in Ludovika Energy and Ludovika Mining, which run the Kuriskova and Novoveska Huta uranium projects in Slovakia. It follows an announcement in Ap
Read more27 Aug 2015 11:34
Forte Energy director James Leahy quits, citing personal reasons
(ShareCast News) - Industry veteran James Leahy has quit Forte Energy, citing personal reasons. Shares in AIM-listed Forte tumbled as the director said he was leaving with immediate effect. At 0809 BST shares in the Australia-based company had lost 6.91% to trade at 0.03p. Forte chairman Glenn Fea
Read more5 Aug 2015 10:07
Forte Energy surges on Slovak's subsidiary update
(ShareCast News) - Mineral explorer Forte Energy said Ludovika Energy, its Slovak subsidiary, is in the process of securing a no-win, no fee deal with lawyers over proceedings against the Ministry of Environment. On 14 June, the London-listed company confirmed lawyers had been instructed to act on i
Read more4 Apr 2014 11:51
Forte Energy to acquire uranium assets in Slovakia
Forte Energy is set to acquire the uranium assets of European Uranium Resources (EUR), creating a diversified, larger scale globally focused exploration and development company. The sale price is equivalent to C$8.5m, in addition to which Forte will subscribe for 1.11m shares of EUR for a total of
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 more