Hardy Oil and Gas said its PY-3 field in the south east Indian region was shut in pending management committee approval of the award of a contract for the field's floating production system. The oil and gas exploration and production company focused in India said it is working closely with all the stakeholders to secure the necessary approval and will "recommence production as soon as possible"Hardy is the operator of the PY-3 field and holds an 18% participating interest. State-run ONGC and Tata also hold participating interest in the field. Shares of the UK company dropped 2% to 219p in morning trading session in London.AR
Tony Mack, Non-Executive Director of Air Partner, a provider of aviation charter services, has reduced his stake by over a third and announced his plans to retire in June next year.
He sold a total of 360,067 shares, reducing his stake to 700,000 shares, equal to 6.8% of the issued share capital.
Edward Bonham Carter, the Group Chief Executive of Jupiter Fund Management, has traded in 2.65m pounds-worth of shares just a few weeks since the group boosted its total dividend for 2012 by 13 per cent.
Bonham Carter sold 750,000 shares at 350.75p a time, making a modest dent in his stake which n
India-focused Hardy Oil and Gas has unveiled its preliminary results for the year ended December 31st, showing cash used from continuing operations before movements in working capital of 6.8m dollars.
Cash and short-term investments at December 31st amounted to $29.1m compared to $36.5m in 2011 and
Hardy Oil and Gas, an oil and gas exploration and production company with assets in India, has confirmed media reports that it is in negotiations with the operator of the GS-01 exploration block located offshore the west coast of India.
In a statement the group said: "Hardy confirms that it is in n
African Barrick Gold: Nomura cuts target from 685p to 670p, buy rating unchanged.
Aquarius Platinum: UBS cuts target from 110p to 55p, neutral rating kept.
Avocet Mining: Nomura downgrades from buy to neutral, cuts target from 310p to 220p.
Bovis Homes: UBS upgrades from sell to neutral, 465p tar
Raymond Kwan, the Chief Technical Officer of Tracsis ditched 750,000 shares on the same day the firm announced that it considers it likely that the company will exceed current market expectations for the year ended July 31st 2012.
Tracsis is a developer, supplier and aggregator of resource optimis
UK oil and gas firm Forum Energy has confirmed its natural gas discovery at Recto Bank in the disputed South China Sea contains more reserves than initially thought. In an announcement to the Philippines Stock Exchange earlier, Philex Petroleum Corp said Forum had a report that "is expected to show
Software firm K3 Business Technology Group has received a number of indicative proposals at levels materially higher than the current share price, which it will explore these under a formal sale process and is now consequently in an offer period. Shares in the firm leapt 21.75 percent to 187.50p.