Tue, 29th Jan 2013 11:44
Confirmation by chancellor George Osborne of budgetary measures to ease the pain in the struggling oil industry gave energy producers and services stocks another big lift on Wednesday. The 2015 Budget, the last of the current parliament, revealed new tax allowances worth £1.3bn in total to stimulate
Read moreShares in a number of AIM oil producers rose on Wednesday after an update on the Horse Hill discovery in the UK Weald Basin showed further potential oil pay. Horse Hill Developments Ltd (HHDL), which is part-owned by several UK-listed producers, said that ongoing well analysis of the Horse Hill-1 we
Read moreSolo Oil reported a resource upgrade in a gas field in Africa, boosting its shares by more than a third. Solo said partner Aminex had updated its internal resource estimates in the southern part of the Ruvuma petroleum sharing contract (PSC) area, in which Solo holds a 25% interest, from mean initia
Read moreOil explorers and producers Aminex and Solo Oil saw share prices rise after the Tanzanian government accepted a proposed deal for Solo to purchase up to a 13% interest in Aminex's Tanzanian Kiliwani North development licence for $7m. Solo plans to purchase a total 13% stake in the licence from Amine
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