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Shares have climbed higher after an indifferent start, with mining stocks and banks sending the top share index higher. Imperial Tobacco is lower though after it slashed profit expectations for its Spanish business as competition in the country forced it to cut prices for cigarettes. Imperial, whos
Read moreSterling Energy lost a quarter of its value in early trading on Monday, sinking to a 52-week low, after a disappointing open hole flow test at its Sangaw North-1 well in Kurdistan. The well flowed at a stabilised rate of around 4.6m standard cubic feet of gas and 7,280 barrels of formation water pe
Read moreOil and gas firm Sterling Energy has updated the market on operations in the Sangaw North block in Kurdistan, in which it has a 53.33% working interest. The company said that the side-tracked wellbore of Sangaw North number one well has been drilled to a depth of 3,360 metres, into the top of the J
Read moreMarketing agency Adventis' healthcare business has experienced a 'very considerable' downturn and will post a £0.26m loss for the full year. Full year results may also contain a significant goodwill impairment charge. For the full year underlying profits will be approximately £0.45m. Clothing gr
Read moreSterling Energy is struggling with the corrosive gas seeping into its Sangaw North block in Kurdistan. The gas has been stopped but the pipe has been damaged. Sterling says operations to retrieve the drill pipe have been challenging with it being recovered in lengths of between 1 metre and 120 met
Read moreShares in Sterling Energy have lost nearly one-eighth of their value after the oil and gas explorer reported a mishap at its well in Kurdistan in Iraq. The well is on the Sterling operated Sangaw North block, where Sterling has a 53.33% working interest. The Sangaw North-1 exploration well was dri
Read moreSterling Energy shares slipped after it noted operational "challenges" in a number of prospects. Shares fell 4% on a comment that "drilling operations remain challenging" at its Sangaw North #1 well in Kurdistan. Flow test of two zones have demonstrated that hydrocarbons are present but neither te
Read moreA strong start on Wall Street ensured Footsie finished with good gains having started the day on a strong footing. US shares moved ahead including housebuilder and economic bellwether Lennar, which beat profit forecasts. Part-nationalised banking giant Lloyds Banking held up well after it was ann
Read moreStocks gave up a proportion of their gains over the lunch time session despite expectations of a firm start on Wall Street. Part-nationalised banking giant Lloyds Banking is holding up well after it was announced that chief executive Eric Daniels is to retire in a year's time. The move was not unex
Read moreInvestors are in an optimistic frame of mind ahead of the Federal Reserve's Federal Open Market Committee (FOMC) meeting tomorrow. The 'glass half full' crowd are expecting the FOMC to announce further measures to revitalise the global economy. Barely a dozen Footsie constituents are in the red, an
Read moreUK blue chips have made good ground in early dealings with oil and mining groups in demand. BP is the top performer after the US coast guard signalled that the oil spill into the Gulf of Mexico has been permanently sealed. US authorities described the leak from the Macondo well in the Gulf of Mexic
Read moreSterling Energy, the oil and gas company with interests in the Middle East and Africa, has had mixed results with its latest exploration well drill tests in Kurdistan. The Sangaw North number one exploration well has been drilled to an intermediate depth of 2,395 metres and open-hole wire-line log
Read moreMining and exploration holding company Sirius Exploration saw losses swell to £3.8m in the year ended 31 March from £0.5m a year ago "We will continue to develop these opportunities whilst also potentially acquiring other potash projects to diversify risk and ensure we move rapidly towards our goal
Read moreLONDON (Dow Jones)--Sterling Energy PLC (SEY.LN), an oil and gas company with interests in the Middle East, and Africa, said Friday that it made pretax profit of $0.1 million for the half year ended June 30, compared with loss of $15.7 million MAIN FACTS: -Group turnover decreased 25% to $12
Read moreLONDON (Dow Jones)--Sterling Energy PLC (SEY.LN), an AIM listed independent oil & gas exploration and production company with interests in Africa and the Middle East, announced Thursday its Sangaw North #1 exploration well is currently drilling ahead at 1,505 meters. MAIN FACTS: -Since May 7
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