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http://www.investegate.co.uk/Article.aspx?id=20110613070000H2894

International Oil and Gas Technology Limited (formerly Quorum Oil and Gas Technology Fund Limited) (the "Company") Change of Name International Oil and Gas Technology Limited, an authorised closed-ended investment company incorporated in Guernsey, announces that following shareholder approval at the Annual General Meeting yesterday its name change has become effective. There is no change to the stock market EPIC of OGT, and the SEDOL remains B29Q2M8. The Company has taken this opportunity to refresh its website, which can be found at www.international-ogt.com.

http://www.investegate.co.uk/Article.aspx?id=201106130719322773I

Mike Fairey, Chairman of Horizon, said: "We believe APR Energy is a great investment, offering both immediate value and outstanding potential for our shareholders. We see its proven track record in a fast growing global marketplace, with historical returns on capital of over 30%, as only the start of what it can achieve. The acquisition is at an attractive price relative to its quoted peer, the injection of our cash accelerates APR Energy's ability to grow, and its stock market listing will enhance its reputation and provide further access to growth capital if required. "From the outset, Horizon's purpose has been to acquire a single company. We have seen a considerable, and indeed increasing number of potential investments, with no shortage of prospects that we believe would have provided excellent returns to our shareholders. We have always said, though, that we would be selective and, for us, APR Energy stands out." John Campion, CEO and Founder of APR, said: "Little happens in the world today without electricity, and indeed reliable electricity. In many regions across the globe, particularly in emerging markets, there is a significant and widening deficit of power that is holding back economic growth and living standards. APR's temporary power solutions provide a critical solution to these shortages. Our rapidly-deployed, flexible, cost effective solutions bring needed power to communities around the world. This transaction with Horizon accelerates our ability to address this growing market opportunity with immediate capital to fuel growth and long term access to capital markets that truly understand our business."

Horizon acquires APR Energy for $855m (£527m) equity value APR Energy is No 2 to Aggreko in the global high growth temporary power market Transaction · $855m acquisition price satisfied by $359m Horizon cash and $495m Horizon shares · Remaining cash of approximately $275m left on balance sheet to accelerate APR Energy growth · Current Horizon shareholders to own 59% of enlarged APR Energy · Completion occurred today - immediate suspension of Horizon shares · Re-admission of Horizon (to be renamed APR Energy plc) on London Stock Exchange expected by end September 2011

http://www.investegate.co.uk/Article.aspx?id=201106130700123032I

Sorry RNS on wrong board

http://www.investegate.co.uk/Article.aspx?id=201106130700123032I

Graham Stewart, Chief Executive of Faroe Petroleum, commented: "Lagavulin was a true high risk frontier exploration well, offering material upside in a success case. Whilst the outcome of the well is a disappointment, the presence of hydrocarbons has however now been proven and offers encouragement to continue our deep water exploration plans in the region." "The Group is well funded and, despite the cost over-run on Lagavulin, none of our forward drilling programme will be impacted. Faroe has a healthy cash balance and strong cash flows from our portfolio of production assets, with group production expected to be approximately 9,000 barrels of oil equivalent per day (boepd) by the year end. Furthermore, it should be noted that, following the recent completion of our Blane acquisition, the proceeds from sale of its accumulated oil inventory resulted in a significant unbudgeted windfall gain by the Company which more than offsets the cost over-run on Lagavulin." "From an operational standpoint, Lagavulin was a deep and complex well, with no neighbouring drilling history, and it was drilled safely by the partnership led by Chevron. A great deal has been learned from this well, which will serve to significantly reduce the cost of any future wells in the region. As we now proceed to analyse the data from the well, our exploration programme continues on apace through 2011 and beyond, as we test our considerable portfolio, which currently has a 17 well, fully funded programme, offering very material upside potential."

CONT The Company pursues a portfolio exploration business model, which is managed to mitigate the negative impact that any single well can have on our continuing well programme. Among the fully-funded 17 firm and expected wells in our schedule to end 2013, the Company is participating in two further near-term high impact exploration wells in the west of Shetlands area, namely the shallow water Fulla well, in which Faroe holds a 50 percent interest, and the deep water North Uist well. The first of these to be drilled, Fulla, is located close to the producing Clair oil field, in shallow water and is expected to commence in June, with Faroe as operator, while North Uist is now expected to be drilled in early 2012. Furthermore, three wells are scheduled to spud in Norway in the coming months: Butch and T-Rex in August and Kalvklumpen in October. T-Rex will be Faroe's third well on the Halten Terrace, in the same area in which the Company made the two discoveries, Maria and Fogelberg, in 2010.

Faroe Petroleum plc ("Faroe Petroleum" or the "Company") Drilling completed on Lagavulin well, West of Shetland Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that drilling has reached target depth on the Lagavulin exploration well (Faroe 10%), operated by Chevron, in the UK Atlantic Margin to the west of the Shetland Islands . Well 217/15-1z, on the Lagavulin prospect was spudded in October 2010 and drilled in 1,567 metres water depth. Total depth was reached on 10 June 2011. Hydrocarbons and a working petroleum system have been confirmed, however no workable reservoir system was found to be present at this location and the well will be plugged and abandoned. Extensive data gathering has been undertaken in the well and detailed analysis is underway to fully evaluate the well results. The well was drilled with the Stena Carron drillship. Progress was slower than expected, principally due to a number of operational and technical challenges, notably poor weather conditions and variable drilling formation. As a result of these delays, the cost of this well was greater than projected. Faroe Petroleum has, since its formation in 1998, been at the forefront of basalt exploration in the Atlantic Margin, in partnership with several Major oil companies, including Chevron, BP, Eni and Statoil. The material potential the region offers continues to attract super-Majors such as Exxon, who joined with Statoil earlier this year in committing to further sub-basalt drilling in the Atlantic Margin region in the coming period. The results of the Lagavulin exploration well will significantly advance our understanding of the geology and ability to unlock the high potential basalt play in the Atlantic Margin region

http://www.investegate.co.uk/Article.aspx?id=20110613070000H2926

LAXEY Partners, the activist investor trying to force change at Alliance Trust, has raised the prospect of a boardroom reshuffle at the 123-year-old Dundee firm if the current management fails to appease shareholders concerned over the firm’s share discount. Isle of Man-based Laxey, which holds a 1.7 per cent stake in the investment trust, has upped its campaign to coerce Alliance chief executive Katherine Garrett-Cox to agree an automatic share buyback policy – or discount control mechanism (DCM) – ahead of a crucial vote next month, reports Scotland on Sunday.

While the fundamentals of being long of the stock market with double dip fears doing the rounds do not seem to be too comfortable, the technicals of ICAP at the moment are encouraging. This is said on the basis of a bear trap rebound by the stock on its hourly chart, accompanied by bullish divergence for the stochastic indicator. The implication is that while there is no end of day close back below the 464p low of yesterday the upside here could be towards the late May peak in the upper part of the 480p to 490p range during the next 1-2 weeks. So reckons Zak Mir

Despite all the moaning and groaning regarding a lack of mortgage lending, it would appear that there are enough people who can either tap their parents or the mattress to get involved in buying a house. This suits Bellway where there is a rising trend channel on the daily chart from August last year. The floor of the channel currently runs through 680p and while there is no end of day close back below this feature the upside is seen as being towards the 2010 resistance line projection as high as 820p on a 1 – 2 month timeframe. So says Zak Mir !

Says Robert Sutherland-Smith of UK350.com So with a confidence-building first half, what about the future? Those watching Wolesley's progress estimate that top line revenue should rise some 3% this year and a further 5.5% next year to a forecast estimate of GBP14.3 billion of turnover. So that makes the last gearing figure look reasonable in a recovery phase. In valuation terms, it also means that Wolesley equity is conservatively capitalised at 37% of the value of projected estimated sales revenue. In other words, the share price of 1,960.5p last seen generated estimated sales per share of 5358p of sales. Earnings per share, having fallen nearly 19.5% last year, are estimated to increase by 81% this year to 134p per share, and an estimated 29% next year to 172.5p per share. That makes projected estimated dividend payouts 44p for the current year, and 56p next year, look credible. In short, I estimate that Wolesely shares, at 1,960.5p last seen, are selling on a forward estimated price to earnings ratio of 14.6 times for the current year, falling to 11.4 times for next year. The shares are also estimated to generate a forward well covered dividend payout of 2.2% for this year and 2.9% for next year. Given that the last published balance sheet showed attributable assets worth 1,235p, that makes Wolesely shares look good value at 1971p. Buy.

Shares in UBC Media Group (UBC) jumped 0.375p to 2.5p on news the radio content supplier has won a contract to provide BBC Radio 2 with its popular Saturday morning breakfast show 'Sounds Of The Sixties' for two years. The contract, which was won in a competitive tender, is the largest single programme strand commission issued by the network this year.

Office space supplier Regus (RGU) has improved its offer for MWB Business Exchange, by dropping all previously announced reservations, and re-affirmed its commitment to a 60 million pound deal. Regus, however, added that it was disappointed that the Independent Committee and the MWB board and their advisers continue to refuse to engage contrary to their recent "misleading announcements". Regus shares slipped 0.1p to 107.7p.

Goldman reiterates conviction sell on Marstons, target price reiterated at 81p.

Investec recommends hold on Future, target price cut from 20p to 16p.