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3 Jan 2013 09:55

STOCKS NEWS EUROPE-UK small caps up 0.1 pct in mid-morning deals

The FTSE Small Caps index adds 0.1 percent in mid-morning trade, tracking similar modest gains by the mid caps, also up 0.1 percent, while the blue chips fall 0.1 percent, taking a breather after strong gains in the previous session. Max Petroleum adds 1.4 percent as Merchant Securities hikes its ta

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31 Dec 2012 12:50

London close: Footsie ends 2012 on a dull note, fiscal-cliff weighs

After a slight rebound late morning, the Footsie dropped to near its intraday low by the close of trade in a shortened trading session as US budget uncertainty dented risk appetite. Markets across Europe finished with mild losses today as they closed early for New Year's Eve. Fiscal cliff concern

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31 Dec 2012 11:19

London midday: Risk appetite scaled back ahead of fiscal cliff deadline

UK stocks were trading firmly in the red by Monday lunchtime with less than 24 hours to go before the US fiscal cliff deadline, when 600bn dollars in automatic spending cuts and tax increases come into effect. Markets were even shrugging off some upbeat economic data from Asian powerhouse China ove

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31 Dec 2012 09:14

Max Petroleum makes positive start of ESKN-1 well

Shares in Max Petroleum got a boost on Monday after the oil and gas exploration and production company, which is focused on Kazakhstan, announced positive initial results from the the ESKN-1 exploration well in the Eskene North prospect. Electric logs of the well, which reached a depth of 1,507 me

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18 Dec 2012 07:42

Revenue doubles at Kazakhstan-focused oil company Max Petroleum

Max Petroleum, the AIM-listed oil and gas exploration and production company focused on Kazakhstan, has published its interim results for the six months ending September 30th. Revenue rose 102% to $49.2m during the six months compared to the corresponding period in 2011. Total sales volume was up

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17 Dec 2012 08:34

Max Petroleum commences drilling in Kazakhstan prospect

AIM-listed oil and gas exploration company Max Petroleum has commenced drilling the ESKN-1 exploration well on the Eskene North prospect on a new location on Block E. The company is using the Zhanros Drilling's ZJ-20 rig. The total vertical depth of the well will be approximately 1,400 metres. The

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28 Nov 2012 07:26

Wednesday broker round-up UPDATE

ARM Holdings: Barclays Capital raises target price from 750p to 820p, overweight rating kept. Assura Group: Oriel Securities starts with an add recommendation. Espirito Santo moves target price from 37p to 37.50p, buy recommendation unchanged. Britvic: Deutsche Bank raises target price from 370p t

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30 Oct 2012 15:11

Sector movers: BP boosts gains for oil and gas producers

Oil and gas producers were making gains on Tuesday afternoon despite declining oil prices, as BP lifted sentiment in the sector with forecast-beating third-quarter results and a hiked quarterly dividend. In its first quarterly announcement since the recent deal with Rosneft, BP reported a clean net

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22 Oct 2012 08:19

Monday broker round-up - UPDATE

888 Holdings: Morgan Stanley ups target from 125p to 130p, overweight rating kept. Aggreko: Jefferies cuts target from 2,800p to 2,535p, buy rating kept; HSBC downgrades to underweight, target cut from 2,350p to 1,750p; JPMorgan Cazenove cuts target from 2,360p to 2,165p, neutral rating kept; Barcl

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22 Oct 2012 08:11

Max Petroleum tests show commercial discovery

Max Petroleum, the oil and gas explorer focused on Kazakhstan, said tests at one of its wells showed the site was a commercial discovery. The firm said its BCHW-1 well at the Baichonas West prospect had begun testing in a Triassic reservoir from depths between 1,184 and 1,190 metres. "The results

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15 Oct 2012 15:06

Resource round-up: Archipelago Resouces, Max Petroleum

Archipelago Resources said new tests at its Toka Tindung mine in Indonesia demonstrated the site's potential as a multi-million ounce mine deposit. "Combined with the results reported earlier in the year, these high-grade intercepts now have the potential to again materially increase our economicall

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1 Oct 2012 14:06

Resource round-up: Sound Oil, Victoria Oil & Gas, Max Petroleum

Sound Oil jumped 16% after it said received approval key environmental approvals from regional authorities in Italy to re-start gas production at its Rapagnano field. It is expected that the final approval from the Italian Ministry of Economic Development will follow in a month, the firm said. Ope

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11 Sep 2012 08:40

Max Petroleum begins drilling on new exploration well

Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, has started drilling on the DOSNW-1 exploration well on the Dossor North West prospect on Block E. The well will be drilled to a total depth of around 1,400 metres. The prospect is targeting unrisked mean reso

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3 Sep 2012 09:14

Monday broker round-up

APR Energy: UBS raises target from 590p to 600p, sell rating unchanged. ARM Holdings: Deutsche Bank downgrades to sell, target cut from 465p to 400p. Burberry: Nomura keeps buy rating and 1,450p target. Cairn Energy: BarCap cuts target from 445p to 350p, equal weight rating kept. Computacenter:

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3 Sep 2012 07:37

Max Petroleum strikes oil

Max Petroleum has struck oil in Kazakhstan but said the reservoir was thinner than expected. The firm said its exploration well in the Baichonas West prospect had reached a depth of 1,430 metres with electric logs indicating 13 metres of net pay over a 20 metre interval in the Jurassic Formation at

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