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Resource round-up: Forum Energy, Berkeley Resources, Jupiter Energy, Hardy Oil & Gas

Tue, 24th Apr 2012 09:27

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 an improvement in the resources previously known". Forum said the report would be shown to the board later this week. The ownership of the territory is currently disputed by China and the Philippines.Uranium producer Berkeley Resources announced encouraging results from initial drilling at its Villares Prospect, located about 7km north of the Retortillo deposit in Spain. "These initial results confirm the presence of shallow high grade mineralisation at Villares and show the potential to identify additional uranium resources in outcropping and covered areas within proximity to the Retortillo and Santidad deposits'" the firm said.Jupiter Energy, the Kazakhstan-focused oil exploration and production company, said trial production of oil had begun at its J-50 and J-52 wells in the country. The news pushed its shares up over 8% in morning trading. Aggregated daily production from the sites was initially expected to be around 600 barrels of oil per day, the firm said. Jupiter is finalising sales agreements with at least two local traders and said it expected to announce details of these contracts shortly.Hardy Oil & Gas has agreed a plan to relinquish the D9 Exploration Block offshore India after tests showed the block's hydrocarbon potential was low and further exploration or appraisal activity was unwarranted. Hardy owns a 10% stake in the block. It said its D3 exploration licence, located in the Krishna Godavari Basin, remained the main focus for our organic growth potential. The firm's shares fell 1% following the announcement.mm

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7 Nov 2013 10:09

Hardy Oil & Gas Developing Operations In India

6 Nov 2013 15:13

Son of Air Partner founder sells shares and announces retirement

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.

6 Nov 2013 13:00

DIRECTOR DEALINGS: Hardy Oil and Gas Non-Executive Director Sells 500,000 Shares

18 Mar 2013 16:28

Jupiter Fund Management Chief disposes of 750,000 shares

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

7 Mar 2013 13:43

Hardy Oil and Gas poised to serve Indian energy market

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

10 Jan 2013 13:38

Hardy Oil and Gas in negotiations over GS-01 exploration block

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

25 Jun 2012 08:56

Monday broker round-up

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

6 Jun 2012 15:54

Tracsis tech officer ditches shares

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

1 Mar 2012 10:30

Small caps round-up: K3, Densitron, Innovation...

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.

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Resource round-up: Forum Energy, Berkeley Resources, Jupiter Energy, Hardy Oil & Gas

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