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The top share index closed off earlier highs but still buoyant ahead of the weekend amid optimism after Thursday's vote by Slovakia to expand the Eurozone' rescue fund lifted sentiment. After the close last night, the expansion of Eurozone's rescue fund, the European Financial Stability Fund (EFSF
Read moreThe top share index is buoyant after Thursday's vote by Slovakia to expand the Eurozone' rescue fund lifted sentiment. After the close last night, the expansion of Eurozone's rescue fund, the European Financial Stability Fund (EFSF), was approved by Slovak MPs, two days after they voted against the
Read moreNighthawk, the US-focused oil development and production company, has been unable to proceed with its planned acquisition of Running Foxes Petroleum. The firm had planned to acquire both its working interest and the operatorship of the Jolly Ranch project, but said market conditions prevented the m
Read moreNighthawk Energy announced its latest addition to the US focused oil development and production firm with the appointment of Stephen Gutteridge as non-executive chairman. Gutteridge, who has over 30 years working in the oil and energy industries, starts with immediate effect. He has previously work
Read moreUS-focused oil producer Nighthawk Energy has appointed Charles "Chuck" Wilson as its chief operating officer, adding another new member to its executive management team in three months. In May, Richard Swindells joined Nighthawk's board of directors as the chief financial officer. Wilson, who has
Read moreUS-focused oil company, Nighthawk Energy, has announced that Richard Swindells will join its board of directors as chief financial officer. Swindells will join from investment bank Ambrian Partners, where he acts as broker and nominated adviser to a number of oil and gas and other resources compani
Read moreShares in US-focused oil group Nighthawk Energy took a dive on Thursday after it revealed low initial reserve numbers at its 50%-owned Jolly Ranch Project in eastern Colorado, US. The group said that proved reserves have only been attributed for two wells from the Cherokee formation (Craig 4-4 and
Read moreThe FTSE 100 rallied strongly to close flat after a volatile. Traders were unsure how to react to continuing violence in Libya and indications from Opec that the cartel will lift oil production. The oil price eased, but so did metals, which dealt a blow to the mining sector, particularly precious m
Read moreMining stocks are weighing heavily on Footsie as the price of gold and copper moved lower today. Precious metal miners Randgold Resources and African Barrick are the big fallers in the sector, but even copper miner Antofagasta is under the cosh, despite announcing it is to pay a huge special divid
Read moreShares in Nighthawk Energy jumped after the US-focused oil group reported progress at its Jolly Ranch project in Colorado. Three wells at the project have been completed and two are undergoing a period of test production. Nighthawk added that another well, which has been on long-term test producti
Read moreDrug developer Ark Therapeutics has sold the majority of its wound care business to Crawford Healthcare for up to £2.7m, comprising £0.77m upfront and up to £1.93m in milestone payments. The value of the gross assets being sold was put at £1,153,000 as at 30 June 2010. The losses on ordinary activi
Read moreShares in oil development and production company Nighthawk Energy gushed higher Monday after an upbeat trading update revealed a significant increase in estimated oil in place at the Cherokee and Atoka shale formations on its Jolly Ranch prospect. The company said that the reservoir simulation mode
Read moreOil explorer Nighthawk Energy has decided to focus exclusively on its 50%-owned Jolly Ranch prospect in Colorado after completing a strategic review. The Company's interest in the Revere waterflood projects will be assigned to Running Foxes Petroleum, the operator, as of 1 January 2011 in return fo
Read moreThe share price of newspaper group Trinity Mirror is down by a half over the last year and a third over the last month, prompting broker Panmure Gordon to suggest that the timing might be right for the group to embark on a share buy-back programme. The broker thinks that buying back the shares wou
Read moreOil explorer Nighthawk Energy has announced the results of its strategic review and it did not take long for the market to look at the size of the write-downs the company announced and slice around a fifth of the value from the company's share price. Resource sector specialist Westhouse Securities
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