Member Info for mulledwine

New oil discovery, offshore Brazil BG Group today announced a new discovery of oil (approximately 26˚API) in Block BM-S-10 in the Santos Basin, offshore Brazil. The discovery well 4-BRSA-818 (4-RJS-668), known as Macunaíma, is located in a water depth of 2134 metres, approximately 244 kilometres off the coast of Rio de Janeiro State. Further evaluation of the discovery will continue in line with the National Petroleum Agency (ANP) approved appraisal plan. BG Group has a 25% interest in BM-S-10 (Petrobras 65%, operator and Partex 10%).

http://www.investegate.co.uk/Article.aspx?id=201102160700103149B

http://www.investegate.co.uk/Article.aspx?id=201102160700083012B

Randeep S. Grewal, CEO and Founder of Green Dragon, commented: "Greka Drilling will be able to build on the early mover advantage enjoyed by GTS Zhengzhou and its relationship with Green Dragon to deliver drilling services initially in China, with further growth targeted in India, Indonesia, Thailand and Australia in the longer term. We have built a standalone drilling business within Green Dragon since 2007 with a management team that has a combined 150 years experience of drilling. Upon admission to the AIM market of the London Stock Exchange, Greka Drilling will have a shareholder list that mirrors that of Green Dragon Gas. The Board believes that the separate entities will provide shareholders and the investment community with greater clarity resulting in improved access to the capital markets."

Highlights · Separation to be effected by a demerger of Greka Drilling, the holding company of Green Dragon's Chinese drilling business · Demerger is subject to the approval of Green Dragon Shareholders which will be sought at an EGM to be held on 7 March 2011 · Admission of Greka Drilling Shares to trading on AIM expected 8 March 2011 · The Board believes that Greka Drilling will complete the drilling of in excess of 100 wells in China in 2011 · Greka Drilling to undertake a 25 rig expansion programme to be part funded by: o US$50 million of additional equity capital provided by way of a pre-Demerger cash investment by Greka China, a wholly-owned subsidiary of Green Dragon; and o A two-year revolver facility of US$12.5 million provided by Greka China for working capital purposes · Green Dragon intending to proceed with a main board listing on the Hong Kong Stock Exchange in 2011 A circular containing notice of the Green Dragon EGM and a Greka Drilling admission document containing further information relating to the Demerger and Greka Drilling will be sent to Green Dragon Shareholders shortly.

http://www.investegate.co.uk/Article.aspx?id=201102160700093024B

Production Forecast The Company's efforts to stabilise and improve the production profile at the existing Bullen and Harlequin Declines is beginning to have a positive effect, while the new ore sources, OK Decline and North Royal Open Pit, are poised to make a marked contribution during the upcoming quarters. As stated in the December 2010 quarterly results, the Company has reviewed its forecasts following the establishment of the production profile of these two major ore sources and after reviewing the immediate and medium term forecasts from the existing declines. The Company is now forecasting 2010/2011 full year production at 65,000 ounces recovered. The reduction in the forecast production profile is attributable to three main factors: the decline in performance of the existing operating mines at Bullen and Harlequin during the first half of the year; the slower than expected ramp up to full production for the OK Decline due to various infrastructure and access issues which are now resolved; and the reduction in available hard rock feed from the North Royal open pit which has reduced the amount of soft oxide material that could be treated in the early stages of the mining schedule at the pit. The Company continues to make progress in executing its "fill the mill' strategy with the treatment plant to be initially filled with lower grade ore and then higher grade ore from July 2011. The targeted production for the full year 2011/12 is between 120,000 and 140,000 recovered ounces which means the Company is still on track to meet its medium term production target.

Capital Raising Norseman Gold, the AIM-listed and ASX-listed Australian gold production company, announces that it has successfully completed a private placement of 22,222,222 new ordinary shares ('Placing Shares') at a price of 45 pence per Placing Share to raise £10,000,000 (approximately A$16,000,000) before costs. It is the intention of the Directors to apply the funds raised to bring the North Royal open pit into production, and to provide additional working capital. Application will be made to have the Placing Shares admitted to trading on AIM and trading is expected to commence on 21 February 2011. Following the issue of the Placing Shares, Norseman Gold's capital will consist of 219,942,222 ordinary 1.25p shares with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Norseman Gold under the FSA's Disclosure and Transparency rules.

http://www.investegate.co.uk/Article.aspx?id=201102160700093148B

http://www.investegate.co.uk/Article.aspx?id=201102160700063028B

http://www.iii.co.uk/articles/14309/stock-watch-harvey-nash-group

Peppa Pig franchise owner Entertainment One said it had another strong quarter with revenue and underlying EBITDA in the period continuing to track well ahead of the previous year. For the nine months to 31 December reported revenue was up 22% compared to the comparative period (14% at constant currency) boosted by good progress in the Film and Television businesses.

Real estate investment trust British Land saw a solid increase in underlying pre-tax profit and net asset value (NAV) per share in its third quarter. Underlying profit before tax in the three months to 31 December 2010 was up 10% from a year earlier at £64m. Broker Panmure Gordon had forecast a figure of £65.7m. The group's portfolio at the end of the year was valued at £9.3bn, up 2.3% over the quarter and 13.1% higher than a year earlier.

k7 - yes it will be interesting to say the least

Recommencement of production at Sallies' Witkop Mine On 19 January 2011, Maghreb announced that it had entered into a fixed term Facility Agreement whereby Maghreb agreed to provide Sallies Limited ("Sallies") with an unsecured facility of up to US$8 million to provide the working capital needed to restart operations at the Witkop Mine ("the Facility") Sallies has today announced that it will be recommencing production at its Witkop Fluorspar Mine to fulfill recently negotiated orders and anticipated further orders. In order to finance the recommencement of production, Sallies will be drawing down on the Facility an initial sum of US$2 million. Update on the Acquisitions Further to the announcements on 24 December 2010, the Board wishes to update shareholders on the progress being made on the proposed acquisition of interests in Sallies and Kenya Fluorspar Limited (the "Acquisitions"). The Acquisitions together constitute a reverse takeover of the Company for the purposes of the AIM Rules for Companies. The Company is currently working with its advisers on the preparation of an AIM admission document which it expects to be able to publish in the second quarter of 2011.

http://www.investegate.co.uk/Article.aspx?id=201102150846592436B

http://www.investegate.co.uk/Article.aspx?id=201102150900022419B

http://sharecrazy.com/beta/daily/4843/mr-angry-writes

Strong Buy according to Barchart.com http://www.barchart.com/opinions/stocks/RHEP.LS

2011 Forecast The Company remains optimistic that there will be a pickup in enhanced billing services. However, notwithstanding the Company's expected successful completion of the Accenture audit, the Company believes its revenue and EBITDA for 2011 will be negatively impacted because of the ongoing, and increasing, negative perception of enhanced services and the new uncertainty surrounding LEC billing for enhanced services stemming from the increased level of Congressional scrutiny. In addition, the Company noted in its interim results announcement of August 13, 2010 that it had benefitted from an increased level of complaint fees during the first half of 2010 that it believed was unsustainable in the long term. It is management's view that this will prove to be the case in 2011, with revenue from complaint fees down significantly. Given these factors, the Company forecasts that operating revenues are likely to be in the range of $104 million to $109 million, and EBITDA in the range of $20 million to $22 million for the year ending December 31, 2011. The EBITDA range takes into account significant charges for the professional fees incurred in connection with the previously announced Congressional investigation, as the Company is taking proactive steps to address this matter, and the audit currently being conducted by Accenture. The realities of the current market conditions are clearly constraining the Company's performance and the financial covenants in the Company's credit agreement are scheduled to tighten in 2011. Consequently, the Company shortly expects to conclude an amendment to its credit agreement to accommodate the current financial outlook. The Board of Directors is committed to paying down the Company's debt as quickly as the financial performance of the business allows and continues to explore ways to increase shareholder value.