Member Info for mulledwine

http://www.investegate.co.uk/Article.aspx?id=201106301302264772J

2010 Annual Report and Financial Statements Notice of Annual General Meeting and Proposed Appointment of Director The Annual Report and Financial Statements of the Company for the year ended 31 December 2010 have been posted to shareholders together with a notice of the Annual General Meeting for the Company which is to be held on 3 August 2011 at 10 a.m. (Bermuda time) at the Executive Board Room, Cox Hallett Wilkinson Limited, Cumberland House, 9th Floor, 1 Victoria Street, Hamilton HM11, Bermuda (the "AGM"). Copies of these documents are now available on GeoPark's website: www.geo-park.com The notice of the AGM includes a resolution to elect Mr.Steven J. Quammeto serve as Non-Executive Director of the Company until the conclusion of the annual general meeting of the Company to be held in 2012. If approved by shareholders at the AGM, Mr. Quamme's appointment will begin with immediate effect. Mr. Quamme, aged 51, has 25 years of successful experience as a securities lawyer, private equity investor and investment banker. He is a recognised expert in corporate governance and has been a member of over fifteen Boards of Directors including public companies, private companies and non-profit organizations. Mr. Quamme is the co-founder and President of Cartica Management, LLC, an SEC registered investment adviser focused exclusively on emerging markets. Cartica manages a series of private investment funds investing in quoted equities in 24 countries. From 2005-2007, Mr. Quamme was the co-founder and COO of Breeden Partners, a US$ 1.5 billion corporate governance fund. In addition, from 2002-2007, Mr. Quamme was a Senior Managing Director of Richard C. Breeden & Co., the leading professional services firm focused exclusively on corporate governance and crisis management. From 2000-2005, Mr. Quamme was the founder and CEO of Milestone Merchant Partners, a full service merchant bank based in Washington D.C. and the parent of International Equity Partners, a sponsor of emerging markets private equity funds for many of the world's largest institutional investors. Mr. Quamme received a BA in Economics from Northwestern University and a Juris Doctor degree from the Northwestern University School of Law where he is a member of the Law School Board. He began his career as a securities and M&A attorney at Baker Botts. Mr. Quamme is SEC registered and is an active member of the District of Columbia Bar.

http://www.investegate.co.uk/Article.aspx?id=201106301207024708J

CONT In the Estates division, projects are progressing well. Planning permission has been obtained for a 278,000 sq ft chilled distribution centre at Peterborough for a new customer, the development work at London Southend Airport, such as the new terminal building and extended runway remains on course, and construction work on the 131 bedroom hotel will commence shortly. As expected, the Infrastructure and Civil Engineering division is experiencing the effects of lower spend by Network Rail. However the division continues to add value to the Group by providing valued engineering to developments, in particular at London Southend Airport. The Air division recently announced a ten-year contract with easyJet to base an initial three planes at London Southend Airport, which sees this division well on course to deliver its target of two million passengers per annum. The division will also continue to discuss routes with other additional airlines. The recently completed railway station is scheduled to commence operating on 18th July 2011. The Biomass division is progressing contract discussions with a number of customers. The pipeline of enquiries is strong and the division remains on course to deliver its target of supplying between three and four million tonnes per annum to the renewable fuels market. Stobart expects to announce its results for the six months to 31 August 2011 on 26 October 2011.

Interim Management Statement and Results of AGM Stobart Group, one of the UK's leading providers of multimodal transport logistics solutions, is issuing the following Interim Management Statement - covering the period 1st March 2011 to date - to coincide with its Annual General Meeting ('AGM'), which was held today. The Group has made a solid start to the year and, despite market conditions remaining challenging, is trading in line with expectations. The Group has recently reorganised itself into five key operating divisions and has set out on a three year plan to deliver significant value to shareholders. The Transport and Distribution division has enjoyed a good start to the year, but the last month or so has seen retail market volumes fall back, reflecting more volatile demand from retailers. Measures including optimising fleet management and other cost improvements are underway to maintain expected levels of profitability. This month, ahead of schedule, has seen the beginning of the recently won 3 year Multimodal Transport Contract for Tesco at their new 800,000 sq ft Grocery Distribution Centre and Rail Terminal at Daventry including the successful start up of our new Scottish Rail service from the site with a further 4 services planned.

http://www.investegate.co.uk/Article.aspx?id=201106301233374732J

HSBC recommends oveweight on Salamander Energy, target price 390p

The past year has proved rather volatile for Photo-Me, with its share price moving from 30p to more than 80p by September before more than halving six months later. The company has been on the rise since then, however, moving up by 7.25p to 63p yesterday after its full-year results. Last night’s gain means that it is now up about 60 per cent in less than three months. The figures were certainly positive, with the group – which operates photo booths around the world – managing a 28 per cent rise in underlying profits. Moreover, the company’s bullish comments about the year ahead bode well, and with these figures prompting analysts to raise their expectations, Photo-Me could prove a pretty picture for investors. Now is a good time to wade in, suggests the Independent, which recommends a buy.

Things you didn’t know about the cinema: while classy films such as The King’s Speech appeal to an older audience and may be more culturally significant than, say, the latest in the Transformers franchise, such audiences don’t spend as much on food and drink as younger cinemagoers. This isn’t terribly good for the cinema owners. Cineworld Group, one of Britain’s three big cinema chains, said that total revenues were flat in the first half of 2011. The problem was that this year’s output, including Colin Firth, was up against popcorn movies such as Avatar and Alice in Wonderland last time, both huge successes in 3-D. The second half looks promising, with several blockbusters looming, including the last Harry Potter, but the shares, on about ten times this year’s earnings, look about where they should be for now, the Times says.

Anite provides an invaluable service to phone manufacturers and operators, as it tests to check whether their shiny new kit is any good or not. After a strong financial year, the company is looking to push on, and there are plenty of catalysts suggesting it is worth a look. Yesterday, the group said pre-tax profits were up 62 per cent in the 12 months to the end of April to £16m. Over the same period revenues rose by almost a fifth to £93.7m. Altium Securities puts the stock on a multiple of 15 times forward earnings for 2012 and reckons it will be pushed higher by 4G wins. We agree. Buy, recommends the Independent.

Hunting‘s global reach has always been among its chief attractions, in our view. And it was on show yesterday, when the oil and gas services group posted an update ahead of its half-yearly results in August. Thanks to its international reach, the group said it was well placed to capitalise on the recent uptick in activity in the oil services market. But although positive, cautious investors would no doubt ask if it is worth buying now that the stock is up more than 20 per cent since the beginning of the fourth quarter of 2010? However, given the momentum in the oil services market, the continued strength in the oil price and the expectations of a strong performance in the second half, we see no reason to sell or sit on the fence, says the Independent.

Still with their nose in front of budget -

Ian Kirkpatrick, Chairman, will comment at the AGM today: "In our Interim Management Statement on the 31 May 2011, we reported that the Group had performed ahead of budget during the first quarter ended 30 April 2011 and we are pleased that this trend has continued into the second quarter which ends on the 31 July 2011. "I would like to take the opportunity, on behalf of the Board, to thank Gus Moore for his significant and invaluable contribution over the last twelve years. His wise counsel will be missed. We all wish him well for the future." "We are delighted to announce that Julie Baddeley will be joining the Board and look forward to her arrival in September. Julie's extensive experience will make her a valuable addition to the Board. We are looking forward to working with Julie and we are confident that she will make a significant contribution to the continuing success of Harvey Nash."

Re Directorate and AGM Statement The Board is pleased to announce that Julie Baddeley will be joining the Board as an independent non-executive director with effect from 1st September 2011. Julie, who is currently a non-executive director of Chrysalis VCT plc and Greggs Plc has extensive experience of executive and non-executive roles in some of the UK's leading organisations, both in the public and private sectors, where she has gained particular expertise in business management and corporate strategy. Until very recently, she was also a director of Spice plc and of Camelot Group plc. She was non-executive director of the BOC Group from 2001 to 2005 and of ComputerLand UK plc between 2005 and 2008. Julie was also an executive director of Woolwich plc between 1998 and 2000 and of the Yorkshire Building Society from 2001 to 2008. She also spent two terms on the Board of the Department of Health from 2005 to 2010. As an Associate Fellow at Oxford University's Said Business School Julie has coached executive business teams from around the world on strategy, and she has also been the partner in charge of Accenture's change management practice in Europe. It is intended that Julie will chair the remuneration committee of the Board. As previously announced, Gus Moore, who has been a director for twelve years and senior independent director for the last 12 years, will step down from the Board at the conclusion of the Group's AGM, to be held later today.

http://www.investegate.co.uk/Article.aspx?id=201106300900014350J

BG Group Chief Executive Sir Frank Chapman said: "The doubling of our estimated Santos Basin mean reserves and resources is clearly significant and demonstrates the continued rapid evolution of our understanding of these enormous discoveries. Robust economics and solid progress with the fast-track development programme will see gross installed production capacity rising steadily to reach more than 2.3 million boe per day by 2017. I believe this - alongside progress with major ventures in Australia, the US and across our global portfolio - will transform the scope, scale and value of BG Group."

These new estimates result from BG Group's internal analysis based on probabilistic modelling of its Santos Basin interests. The analysis used a wealth of drilling, appraisal and other data that BG Group has gained or developed in relation to those interests, including: · a total of 29 wells drilled in our existing discoveries; two wells drilled on Lula since November 2010 proving particularly important in delineating the flanks of the field. Other wells have demonstrated excellent connectivity in the reservoir; · a total of 19 drill stem tests on current discoveries; · the shooting and analysis of over 14 400 square kilometres of 3D seismic; · full analysis of a completed extended well test (EWT) on Lula Sul and early results from the Guará EWT indicating the very large hydrocarbon volumes connected to each of these wells; · production from the first permanent floating production, storage and offloading vessel on Lula which commenced in October 2010; · development plans that include enhanced recovery processes to improve ultimate recovery factors for these giant fields; and · cost optimisation, potential debottlenecking of facilities and greater well productivity enhancing the economic viability of later phases of development.

BG Group raises Santos Basin net potential to 8 billion barrels of oil equivalent BG Group today issued a material upgrade for its interests in the pre-salt Santos Basin, offshore Brazil. Mean Total Reserves and Resources* are now estimated to amount to some 6 billion barrels of oil equivalent (boe) net to BG Group, with an upside potential of 8 billion boe net. Existing discoveries account for 96% of the mean Total Reserves and Resources. The mean Total Reserves and Resources represents a doubling of BG Group's previous best estimate of 3 billion boe prevailing at the time of the Group's February 2010 Strategy Presentation. The aggregate range of Total Reserves and Resources net to BG Group is from 4 billion boe (P90) to 8 billion boe (P10)**.

http://www.investegate.co.uk/Article.aspx?id=201106300700304302J

CONT In Gas Turbine Services, we see an improving outlook for our services in the power market. Oil and gas maintenance performance is being impacted by test cell downtime and overhaul delays. In Power Solutions, the Dorad and GWF contracts are progressing well and will contribute to profit in the second half. We continue to anticipate a strong recovery in Gas Turbine Services EBITA for the year, which will have a significant second half weighting. As announced on 11 May 2011, we have suspended engineering work for a Libyan offshore project where amounts due under the contract are now around $25m. Following the return of cash of £411.9m under the Tender Offer, we announced details of the B/C share scheme and 7 for 9 share capital consolidation on 13 June. The issue of new ordinary shares and B/C shares on 4 July will complete arrangements to return cash to shareholders of £1.08bn. Overall, the Group continues to anticipate full year performance in line with expectations. The long term fundamentals for oil & gas and gas fired power generation remain strong and we believe the Group is well positioned to deliver good longer term growth. Results for the six months to June 30 will be announced on 23 August 2011. - ends -