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Thu, 31st Oct 2013 08:52
The Africa focused energy explorer, Chariot Oil & Gas, has managed to secure a drilling rig for its offshore Namibia operations. The Maersk Deliverer rig is expected to arrive on location at the end of March 2012 and drilling of the Tapir South prospect will start shortly afterwards. Chariot recko
Read moreLegal & General's vice chairman and senior indepedent director Henry Staunton purchased over £10,000-worth of shares, one month after the firm reported a slight drop in sales. Staunton, who was appointed to the board in 2004, bought 9,708 shares at 105.60p each for a total of £10,252. At the sta
Read moreGlobal Petroleum saw its share price slightly rise after updating the market on its progress for the quarter ended September. During the period the firm acquired Jupiter Petroleum, which holds prospective oil and gas exploration interests in offshore Namibia and in offshore Juan de Nova, a French
Read moreGlobal Petroleum said the second well in the Eagle Ford shale prospect in Texas is producing more oil than the first one did in its first 30 days of production. The operator of the prospect, Texon Petroleum, has reported that during its first 30 days of production, the second Eagle Ford well produc
Read moreGlobal Petroleum has announced that the latest Leighton Olmos well in McMullen County, Texas, has begun to flow oil and gas. This is the ninth well targeting the Olmos reservoir in which Global has a 15% working interest (11.25% net revenue interest). The group said that the well will be connecte
Read moreStocks finished firmly in negative territory as worries over the state of the global economy continued. Stocks finished lower in the US last night after downbeat comments from Federal Reserve president Ben Bernanke on US economic prospects. After a hesitant start, London's leading share index took
Read moreThe top share index is deep in the red now as global economic worries continue to overshadow trading. Stocks finished lower in the US last night after downbeat comments from Federal Reserve president Ben Bernanke on US economic prospects. After a hesitant start, London's leading share index took a
Read moreNamibia's competition commission has approved oil group Global Petroleum's takeover of Jupiter Petroleum, which holds prospective oil and gas interests off the coast of the southern African country. A few more hurdles need to be cleared before the acquisition can go ahead, including due diligence i
Read moreGlobal Petroleum has extended the deadline for the acquisition of Nambia- and Mozambique Channel-based oil and gas group Jupiter Petroleum, as a result of delays in many of the agreement conditions. The Australia-based oil and gas firm proposed the acquisition back in January, and said it is condit
Read moreAviation group Air Partner says that trading has remained positive in the six months to date and the interim results are likely to be ahead of expectations, partly attributable to the strong performance in its commercial jet broking division. While the group says it is well positioned to increase p
Read moreAnglo Asian Mining says the lastest estimate on the gold resource at its Gedabek gold/copper mine in Azerbaijan has increased to 704,000 ounces of gold. Anglo Asian CEO Reza Vaziri said, "We are delighted to announce this upgraded resource which, after taking account of ore already mined, gives a t
Read moreJewellery maker Abbeycrest has swung to a pre-tax loss of £0.46m for the half year from a pre-tax profit of £1.26m last year. For the six months ended 31 August 2010, group revenue increased by 5% to £18.8m from £17.9m previously. However, this was largely due to the effect of the rising gold price
Read moreFootsie closed just a few points higher Monday after a sluggish day's trading that saw the leading share index fluctuating in a narrow range just above the zero mark. Oil services group Petrofac firmed on the back of a lucrative contract win. The government of Sharjah has appointed the company t
Read moreThe blue-chip index trod water over the lunchtime session with the majority of leading stocks consolidating the morning's gains. Oil services group Petrofac is firmer on the back of a lucrative contract win. The government of Sharjah has appointed the company to take over operational responsibilit
Read moreFootsie traded in a narrow range throughout the morning session and started the afternoon in marginally in positive territory, boosted by expectations of a moderately firm opening on Wall Street. Oil services group Petrofac is leading the market's far from vigorous advance. The government of Sharja
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