Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Bridge Energy ASA Bridge Energy ASA: Results of wells 34/6-2S and... 3 December 2012 Bridge Energy ASA ("Bridge", "Group" or "the Company") Results of Garantiana wells 34/6-2S and 34/6-2A in Norwegian PL554 Bridge, the Oslo Børs and AIM listed oil and gas exploration and production company (OSE: BRIDGE/ AIM: BRDG.L), as a 20% licence partner in PL554, announces that the operation on the 34/6-2A sidetrack on the Garantiana discovery in PL554 in the northern North Sea is about to be completed. The first wellbore, 34/6-2S, encountered oil in good reservoir of the Lower Jurassic Cook Formation and did not record the oil-water contact. A sidetrack (well 34/6-2 A) was then drilled to appraise the discovery and to identify an oil-water contact in the formation. A production test in the first wellbore gave a representative flow rate of 4,300 barrels of oil per day through a 28/64" choke. The oil has a low gas-to-oil ratio. The test indicates good flow properties in the Cook Formation. Taking account of the results of the sidetrack, preliminary estimates place the size of the discovery between 25 and 75 million barrels of recoverable oil on a gross basis. Development solutions for the accumulation will now be investigated. The well on the Garantiana prospect is the first exploration well in PL554.Other prospects are located in the immediate vicinity of the discovery and are under evaluation using the encouraging results from the discovery. A second exploration well is planned to be drilled in the area. Tom Reynolds, CEO of Bridge Energy, commented: "The discovery at Garantiana adds significant resources to Bridge as it stands now and the adjacent prospects on the licence offer the potential of further upside. This broadens the number of production growth options within our portfolio and the Bridge team is now looking forward to working with our partners to examine future drilling targets and potential development options."
ARM Holdings PLC Director/PDMR Shareholding RNS Number : 4249S ARM Holdings PLC 30 November 2012  ARM Holdings plc 30 November 2012 Announcement of share dealings by a Director ARM Holdings plc (the "Company") announces that (as previously advised on 8 November 2012) Mike Inglis, who is Chief Commercial Officer and a director of the Company, exercised an option over 10,626 shares at an option price of 85.4 pence per share under the Company's Save As You Earn Share Option Scheme. The shares were sold on 28 November 2012 at a price of 773.5 pence per share. His total resultant shareholding is 101,238 shares.
Please read Now who would buy just 8 shares ?
now how would buy just 8 shares ?? Very funny this !!
in OSLO 10.50 NOK === 115p
ARM Holdings plc : Announcement of dealings by PDMRs 11/07/2012| 04:44am US/Eastern RNS announcement entitled "PDMRs' shareholdings" ARM Holdings plc 7 November 2012 Announcement of dealings by PDMRs ARM Holdings plc (the "Company") announces the following dealings which took place on 6 November 2012: Graham Budd, who is a PDMR of the Company, sold 250,000 shares at a price of 720.0 pence per share. He also gave 30,000 shares to a charitable trust. His total resultant shareholding is 260,577 shares. Ian Drew, who is a PDMR of the Company, sold 100,000 shares at a price of 722.66 pence per share. His total resultant shareholding is 42,972 shares. ENDS
Rumor: ARM-Based Apple Macs 'Inevitable' But Far Off By Damon Poeter November 6, 2012 03:00pm EST . Apple will eventually use ARM-based processors in laptops and desktops as it works to merge its Mac and iOS platforms in the coming years, according to Sterne Agee analyst Shaw Wu. Wu, writing in a note to investors Tuesday that was picked up by Apple Insider, called the move "inevitable," but also said he believed it wouldn't happen for several years.
price in OSLO .......NOK 12.75..... 1.39p
Bridge Energy reveals significant oil discovery in Norwegian North Sea 7:58 am by Jamie Ashcroft The Garantiana Well flowed at an initial 4,000 barrels a day Bridge Energy (LON:BRDG) chief executive Tom Reynolds has expressed his delight following a significant oil discovery in the Norwegian North Sea. The Garantiana Well, on PL554, flowed at an initial 4,000 barrels a day from the Cook Formation, which is described as having “good reservoir characteristics”. Total, the operator, is yet to find the oil water contact. Dependent on available rig days, a sidetrack may be drilled with the purpose of “defining down flank oil-water contact”, said Bridge. Resource volume estimates are pending analyses of the results, it added. Reynolds said:"I am delighted to announce an oil discovery in the Cook formation at Garantiana, PL554. “This is a licence which Bridge applied for as operator in the Norwegian 2009 APA licensing round and developed into very attractive acreage before the farm-down and transfer of operatorship to Total in 2011. “Garantiana has the potential to add significant resources to Bridge as an attractive discovery in its own right and has also de-risked several adjoining exploration opportunities on the licence. “I believe this demonstrates the vision and capability of our Norwegian team, led by Alfred Kjemperud, and look forward to the results of our remaining 2012 well on PL457. Total E&P Norge has 40% interest in the well. The other partners are Det norske oljeselskap and Svenska Petroleum Exploration, with 20% each. Yesterday Bridge told investors it had been successful in its two Central North Sea licence applications. These are Skerryvore (30/12c, 30/13c, 30/18c) where Bridge has a 25% equity interest with Parkmead Group as operator and 9/9g. The acreage contains the Skerryvore oil prospect located between the Flyndre and Clyde Fields and seismic studies are planned to optimise the location of an exploration well, Bridge said. Meanwhile, at 9/9g, Bridge has a 30% equity interest, with MPX as operator. The 9/9g part block contains an extension of the Aragon prospect located in the adjacent part blocks 9/9d,9/14a and 9/15d, in which Bridge also has a 30% equity stake.
a company !! Two RNS after the other and both with very good news. This share will fly GL
GOOD NEWS ** TIDM BRDG Headline Bridge Energy ASA: Oil Discovery at the Garantiana Well Released 07:15 26-Oct-2012 Number HUG1652662 26th October 2012 Bridge Energy ASA ("Bridge", "Group" or "the Company") Bridge Energy ASA: Oil Discovery at the Garantiana Well Bridge, the Oslo Axess and AIM listed oil and gas exploration and production company (OAX: BRIDGE/ AIM: BRDG.L), is pleased to announce the discovery of a new oil accumulation by well 34/6-2S, known as the Garantiana Well, situated in the Norwegian North Sea PL554. Bridge Energy, as a 20% license partner in PL554, confirms that the Garantiana Well has been drilled to a TVD of 4050m in the Triassic Lunde Formation. The well penetrated an oil-bearing Cook Formation with good reservoir characteristics. No oil-water contact was encountered. Preliminary results show an oil rate of around 4,000 bbl/day through a 28/64" choke. Dependent on available rig days, a sidetrack may be drilled with the purpose of defining down flank oil-water contact. Resource volume estimates are pending analyses of the results. Total E&P Norge AS is the operator with a 40% interest in the well, with the other partners Det norske oljeselskap ASA and Svenska Petroleum Exploration AS both having a 20% interest. Tom Reynolds, CEO Bridge Energy, commented: "I am delighted to announce an oil discovery in the Cook formation at Garantiana, PL554. This is a licence which Bridge applied for as operator in the Norwegian 2009 APA licensing round and developed into very attractive acreage before the farm-down and transfer of operatorship to Total in 2011. Garantiana has the potential to add significant resources to Bridge as an attractive discovery in its own right and has also de-risked several adjoining exploration opportunities on the licence. I believe this demonstrates the vision and capability of our Norwegian team, led by Alfred Kjemperud, and look forward to the results of our remaining 2012 well on PL457." - Ends -
Thu, 25th Oct 2012 00:00 25(th) October 2012 Bridge Energy ASA ("Bridge", "Group" or "the Company") UKCS 27(th) Round Awards to Bridge Energy Bridge, the Oslo Axess and AIM listed oil and gas exploration and production company (OAX: BRIDGE/ AIM: BRDG.L) is pleased to announce that we have been successful in our two Central North Sea licence applications in the UKCS 27th Round. The licences have been offered to its UK Subsidiary, Bridge Energy UK Limited, and are as follows: * Skerryvore (30/12c, 30/13c, 30/18c) - Bridge has a 25% equity interest with Parkmead Group plc as operator. The acreage contains the Skerryvore oil prospect located between the Flyndre and Clyde Fields. The prospect is a well-defined diapiric structure imaged on high quality 3D seismic. Seismic studies are planned in order to optimise the location of the commitment exploration well. * 9/9g - Bridge has a 30% equity interest, with MPX (Oil & Gas) Limited as operator. The 9/9g part block contains an extension of the Aragon prospect located in the adjacent part blocks 9/9d,9/14a and 9/15d, in which Bridge also has a 30% equity stake. Further applications have been made by Bridge Energy in the Southern North Sea, which remain subject to more detailed assessments of the potential impact of oil and gas activities on certain protected nature conservation areas and any award will be notified in due course. Tom Reynolds, Chief Executive of Bridge, commented: "We are delighted with the new licence awards. They are in areas with existing infrastructure and in the case of 9/9g; close to existing acreage held by Bridge. Blocks 9/9d, 9/14a and 9/15d contain the Aragon prospect and provide significant prospective upside potential and we very much look forward to developing this new acreage with our licence partners." - Ends - :
still a new share . Give it time and it will show its true colours !! More good news on the way
You are right. I remember when ARM was £15 and then was split with a share price of £10. Would be nice if we can see that price again ! In this climate where no one is sure where to invest ARM is a very safe bet GL
24th October 2012 Bridge Energy ASA ("Bridge", "Group" or "the Company") Commencement of Drilling operations on Asha/Noor (PL457) Bridge, the Oslo Axess and AIM listed oil and gas exploration and production company (OAX: BRIDGE / AIM: BRDG.L) is pleased to announce that the drilling of exploration well 16/1-16 has started on the Asha/Noor prospect in Norway. This multi-target well, located on the western flank of the Utsira High in the Norwegian North Sea has the potential to appraise nearby discoveries; Ivar Aasen and Apollo. The well is being drilled by the Bredford Dolphin semi-submersible rig. The four reservoir target zones are Noor, Mukta, Zechstein and Draupne/Asha with total mean unrisked recoverable resources of approx. 30 million barrels of oil equivalent net to Bridge. Bridge has a 20% interest in the well. Wintershall Norge AS is the operator with 40%. Other partners are E.ON E&P Norge AS and VNG Norge AS both having a 20% share. Tom Reynolds, Bridge Energy CEO, commented, "I am very pleased to announce the commencement of drilling on the Asha/Noor exploration well, our fourth well spudded in the second half of this calendar year. The well is a high impact exploration well which represents a large net upside potential for Bridge, with the costs associated with drilling operations mitigated by the Norwegian tax rebate system. We will announce results from the well once drilling operations are complete."
BRDG in OSLO moving up NOK 12.50
22 October 2012 Bridge Energy ASA ("Bridge", "Group" or "the Company") Oil Discovery at the Contender exploration well Bridge, the Oslo Axess and AIM listed oil and gas exploration and production company (OAX: BRIDGE/ AIM: BRDG.L), is pleased to announce the discovery of a new oil accumulation by well 211/21-N94, known as the Contender Well, situated in the UK Northern North Sea Block, 211/22a Contender Area. The Contender Well has been drilled to a total drilling depth of 16,903 feet (11,550 feet true vertical depth) by Operator TAQA Bratani Limited ("TAQA") from their North Cormorant production platform. The target for the well was located in the Jurassic Brent sandstones to the North East of the Cormorant North field and encountered an oil accumulation. Preliminary estimates indicate an oil bearing reservoir in excess of 65 (sixty five) feet was encountered in the Tarbert member of the Jurassic Brent sandstones, with greater than expected porosity and hydrocarbon saturation. Further reservoir evaluation is ongoing. The discovery well is expected to be completed and put on production in the near future. The field will be developed under the name 'Cormorant East' and production will be processed through the North Cormorant platform. Under the terms of a farm-out agreement (announced 25th August 2011) Bridge has a 4% interest in the well. TAQA is the operator with a 60% interest, with Dana Petroleum (E&P) Limited 20%, Antrim Resources (N.I.) Limited 8.4% and First Oil Expro Limited 7.6%. Tom Reynolds, Bridge Energy, CEO commented: "I am pleased to announce an oil discovery at the Contender exploration well. We are continuing to work with our partners to further define the size of the reservoir. This news comes during an exciting period for Bridge, where in addition to the Contender Well; in Norway we also have operations ongoing in the PL554 Garantiana Well, along with the commencement of drilling operations on the PL457 Asha/Noor Prospect later this month." - Ends -
Moving up in OSLO .....NOK12.30
They only had 15% of this well , the share is going up in OSLO
Boy you really are something ! At first I thought you had noticed other shares untill I saw the end. What has the add on about sclp got to do with this board ? PS The hottest stock for you, get to know other shares and you realise that it is just another startup nothing less nothing more.