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AIM-listed mining firm Range Resources was pleased with the results of the drilling of the first of a 21-well programme by its subsidiary, Trincan Oil, in the Morne Diable Block in Trinidad, even if the market was not. The well is producing high qualiy oil at initial water-free test rates of aroun
Read moreRed Emperor Resources and Range Resources have announced that their joint venture partner Africa Oil has signed a contract for a drilling rig and third party services to drill the first well in Puntland in over 20 years. The contract is with Sakson Drilling and Oil Services, who will provide a 1,50
Read moreOil and gas group Range Resources has drilled its first development well on the Morne Diablo Block in Trinidad, just few months after taking control of three licenses in the island. As part of the initial 21-well drilling program, the MD 247 well was drilled to a total depth of approximately 900 f
Read moreOil and gas exploration, development and production company Range Resources has today provided updates on its drilling operations in Georgia, Trinidad and Texas. In Georgia the company has announced the arrival, at the port of Poti, of the exploration drilling rig and associated equipment that will
Read moreAs European leaders seemed to come closer to a solution to the Greek crisis, sentiment was lifted across the continent with markets finishing higher across the board. Despite a poor start, London equities got a boost in the late morning period, helping the Footsie back above the 5,700 mark. A strong
Read moreStocks held on to gains going into a long weekend, as Wall Street opened up higher. After a sharp rise in early trading, the Footsie maintained its level around the 5,930-40 mark for the rest of the day, helped by strong showings from the miners and the banks. Just seven stocks finished in the red.
Read moreThe mining sector is heading higher on Friday afternoon, as stocks track metals prices upwards. Copper, gold and silver prices are firmer on a weak US dollar, as investors look to 'safe-haven' qualities of precious metals. Blue chips Antofagasta, Kazakhmys, Lonmin and Randgold Resources are all in
Read moreThe mining sector is under the weather today on the back of falling metals prices. Metals prices have continued to fall since the death of Al-Qaeda leader Osama Bin Laden yesterday, which triggered a sell-off in the 'safe-haven' investments of precious metals, as geopolitical anxieties eased. We
Read moreAIM-listed Australian oil and gas producer Range Resources Ltd. is to take full control of three production licences in active onshore oilfields in Trinidad. Range currently has only a 10% stake in the licences, with the remaining 90% held by SOCA Petroleum. The producing fields contain net proved
Read moreAIM-quoted oil and gas producer Range Resources says that fracture stimulation specialist Frac Tech has recommenced operations at the North Chapman Ranch project in Texas, which should improve flow rates and cash generation. The fracture stimulation should also improve recovery rates - based on th
Read moreDiagnostics company Axis-Shield turned over more than £100m for the first time last year and has paid a maiden dividend. Revenue rose 5% to £101.7m in 2010, though underlying profit fell from £8.1m to £7.1m. Profit, including £3.1m of currency and disposal gain in 2009 dropped from £11m to £7.5m.
Read moreThe top share index closed in the red going into the weekend as the spectre of high oil prices remerged amid continuing turmoil in Libya. Brent crude rose above $116 a barrel as the conflict in Libya continues. Government forces have been cracking down on protesters in Tripoli and there have been c
Read moreA weak start on Wall Street has sent London to an intra-day low, with miners turning tail. US monthly non-farm payrolls were better than expected, but not by much. Investors don't look keen to open up any new positions ahead of the weekend. Mining heavyweights Rio Tinto, Anglo American and Kazakh
Read moreThe top share index is moderately higher today following big gains yesterday. Traders will be looking ahead to US job figures due at 1.30pm London time. The US non-farm payroll numbers at lunchtime will get the day traders excited, but may also show that the US economy's recovery is at last startin
Read moreWall Street may have had its best day of the year so far yesterday but London is taking things a bit more sedately today. The US non-farm payroll numbers at lunchtime will get the day traders excited, but may also show that the US economy's recovery is at last starting to generate a decent amount o
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