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http://www.investegate.co.uk/Article.aspx?id=201203140700172931Z

What an outstanding performance on previous year!

Outlook · Exploration to remain core to the Company's growth strategy with plans to add several high potential projects Ed Story, President and Chief Executive Officer of SOCO, commented: "The past year has been a transformational period for SOCO with production commencing from what is clearly a world class field in TGT. In turn, the cash flow generated has led to record levels of revenue and profits. With this increased financial flexibility, Phase II development at TGT and continued exploration activities ahead, 2012 sees SOCO in a stronger position than ever to deliver value to shareholders."

PRELIMINARY RESULTS SOCO, an international oil and gas exploration and production company, today announces its preliminary results for the year ended 31 December 2011. HIGHLIGHTS Financial Highlights · Record after tax profit from continuing operations of $88.6 million (2010: $12.3 million) · Record revenues of $234.2million (2010: $48.4 million) and operating cash flows of $90.2 million (2010: $12.4 million) from continuing operations · Strong balance sheet with net cash at 31 December 2011 of $113.5 million (2010: $182.5 million) Operational Highlights · Te Giac Trang (TGT) field, offshore Vietnam brought into production in August 2011 - on schedule and on budget. Achieved approximately 40,000 barrels of oil per day (BOPD) and preparing for staged production increase · Total production net to the Group's working interest from continuing operations during 2011 was 5,437 barrels of oil equivalent per day (BOEPD) (2010: 2,257 BOEPD) · Current net entitlements production at approximately 17,300 BOEPD · Phase II development drilling at TGT commenced in October 2011. Production start up anticipated for August 2012

http://www.investegate.co.uk/Article.aspx?id=201203140700192978Z

bf2 - no I didnt think this rise would be so strong - but good results again today - should be blue but I woonder if the marekt thought they would be better as the Lower Miocene sands were absent this time

Randy Bartley, President and CEO of Coastal Energy, commented: "The Bua Ban South A-01 well has discovered a new oil accumulation. This successful well has re-enthused us for the Lower Oligocene at the Bua Ban South area. We will also be testing two adjacent upthrown Miocene fault blocks with the next two wells."

Coastal Energy Announces Successful Results of Bua Ban South A-01 Well Coastal Energy Company (the "Company" or "Coastal Energy") (TSX: CEN, AIM: CEO), an independent exploration and production company with assets in Thailand, announces the successful results of the Bua Ban South A-01 well. The Bua Ban South A-01 well was drilled to a total depth of 8,500 feet TVD. The well encountered 88 feet of net pay in the Lower Oligocene section. The new discovery demonstrated good reservoir characteristics with 12 percent porosity and recorded pressure data indicate that this is a new and separate accumulation from the Bua Ban Main field. The successful results of Bua Ban South A-01 are being incorporated into the ongoing technical review, operational planning and guidance on the potential size of the discovery will be forthcoming once complete. The Lower Miocene sands which were present in the Bua Ban Main A-11 well were not present in this particular fault block.

http://www.investegate.co.uk/Article.aspx?id=201203140700192971Z

Shore Capital kept its "buy" stance on Greencore (GNC), impressed by the food producer achieving 12% growth from its core products in the first quarter, year-on-year. Additionally, the broker noted that the company's integration of peer Uniq is progressing well following its acquisition in July 2011. On Shore's forecasts, the shares trade on an earnings multiple of 7.3 times for the year ending September 2012 and offer a dividend yield of 5.5%

Daniel Stewart maintained its "buy" recommendation for Playtech (PTEC) with a 562p target price. The broker notes reports that the gaming software developer is entering talks with gambling group William Hill (WMH) to determine what to do with their William Hill Online joint venture. Playtech holds a 29% stake in the project, which the bookmaker has the option to buy for a consideration of 354 million pounds. Daniel Stewart said that the joint venture accounts for around 30% of the firm's profits and so the loss of its holding would be significantly damaging. However, the broker added that this would be compensated for by a potential return of cash to investors of up to 122p per share

N+1 Brewin continues to believe that investing in Rightmove (RMV) is the right... move to make, setting a target price of 1,670p. The online real estate portal has increased its market share to 84%, from 82%, while the broker noted that its closest competitor holds just 7%. Brewin added that the company saw record page impression levels of 9.3 billion in 2011, with further growth of 20% in January.

International Airlines Group faces a lengthy competition investigation into its contentious takeover of BMI British Midland after being told by the European Commission that its proposed deal concessions are likely to be rejected. IAG’s offer to relinquish some Heathrow slots extends the deadline for an initial Commission decision from March 16 to March 30. Brussels officials will seek feedback from rival airlines, including Sir Richard Branson’s Virgin Atlantic, which is strongly opposed to the deal, The Financial Times reports.

In the Independent Sharewatch writes in “defence of the family”. No, this is not a Daily Mail parody, it’s the column’s thoughts on home furnishings firm Dunelm Mill. The Adderley family had significant shareholdings in the group but cashed in recently, causing a bit of a stir. Sharewatch says now is the time to buy as Dunelm is a decent business with a reputation for tight pricing.

Insurance firm Catlin has had a pretty tough year according to Questor in the Telegraph. Its “combined ratio”of 102.6% is not good news as the metric is a measure of profitability for insurers, with anything above 100% implying losses from the core underwriting business. But Questor thinks if Catlin can avoid the catastrophe events of 2011, like the floods in Thailand, then the firm should do well. Yielding 7.3% Questor says hold.

Nomura has reiterated its neutral rating and 390p target price on car retailer and distributor Inchcape, saying that while the results were broadly in line with expectations, there are some concerns over the global economic environment. The broker says that management sounded cautious over the outlook in the EU, with concerns still surrounding Greece, Belgium and the UK. Thailand flood-related supply issues continue to have an impact also.

While Panmure Gordon says that Standard Life's full-year results were good and ahead of expectations, the broker had downgraded its rating on the insurance giant from buy to hold. "We turned buyers of Standard Life following better than anticipated interim results in August and on the basis that the shares had been oversold. Since then, the shares have rallied 37% in absolute terms and are now trading in line with our 240p target price ," said analyst Barrie Cornes. With the shares are trading at a 25% discount to 2011 enterprise value with a 5.8% dividend yield, the broker believes that there is better value elsewhere in the life sector

Merrill Lynch reiterates underperform on Great Portland Estates, target price raised from 340p to 370p.

Last but not least, FFastFill (FFA) shares crept 0.625p higher to 11.875p as the financial markets software group signed a second client in as many weeks for derivativestrading system, Trading Pro. The software suite will be deployed within R.J O'Brien and Associates operations on both sides of the Atlantic, a client that FFastFill recognises as one of the most respected names in the futures industry.

Rock Solid Images (RSI) shares crashed 0.125p to 0.5p as the mineral resource estimator confirmed it was no longer considering any takeover offers, while also admitting that raising more capital to fund business development would be more achievable if it were to de-list from AIM. In addition, Rock Solid noted it ended the six months to February 2012 with revenue of 1.9 million pounds, generating a pre-tax loss of 1.5 million pounds which management feels is evidence that corporate overheads are disproportionately high to its trading activities.