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http://sharecrazy.com/beta/Tips/5351/the-niche-group-speculative-buy-at-5875p-with-a-95p-target-price

Dr Abdul Jaleel Al Khalifa, Chief Executive Officer, commented: "The Dzheitune (Lam) B/155 well crossed several oil bearing sands with good results in some pay sections and provided us with data on the most western area of the Dzheitune (Lam) structure. The results from this well do not affect our stated production growth guidance for 2011 of up to 20%. The next well to come into production will be the Dzheitune (Lam) 28/156 development well."

Drilling Update Completion and initial test results from Dzheitune (Lam) B/155 well Dragon Oil plc (Ticker: DGO), an international oil and gas exploration and production company, announces the completion and initial testing of the Dzheitune (Lam) B/155 development well, the sixth well drilled from the Dzheitune (Lam) B platform. The well was designed as a delineation-development well to reach the furthermost western area of the Dzheitune (Lam) West structure in order to explore the edge of the structure. It was drilled to a depth of 2,800 metres and completed on a dual production basis by the Iran Khazar rig. The well crossed several oil bearing sands with good results in some pay sections. The initial combined test result from the well was 783 barrels of oil per day ("bopd"), with an initial rate of 611 bopd from the short string and 172 bopd from the long string. A full review of the data is being undertaken with further testing and optimisation scheduled to take place. The results from this well are being used to update our geological modelling scenarios and, hence, future drilling plans in that area of the field. The Iran Khazar rig has skidded to the next slot and spudded the Dzheitune (Lam) B/157 well; while the NIS rig is currently drilling the Dzheitune (Lam) 28/156 well.

http://www.investegate.co.uk/Article.aspx?id=201106030824588134H

2nd June 2011 Analyst: Dr. Michael Green Email: michael.green@gecr.co.uk Tel: 020 7562 362 The Niche Group* - Drilling update plus Competent Persons Report to be completed in June: Speculative Buy at 5.875p with a 9.5p target price

The Chief Executive, Simon Caffyn, commented: "We are pleased to report a 6.4% rise in revenue to over £200m and a 68% rise in underlying profit before tax. Our new car market share improved, used car sales rose by 7.1% and aftersales turnover was up 4.9% in a declining market and our concentration on improving operational processes in our core businesses is beginning to produce sustained profit improvement. The major restructuring exercise has produced a more profitable core business with fewer, better businesses, improved gearing and market share. Our strategy is to focus on premium and premium-volume franchises and we are now in a position to invest in new opportunities in these sectors.''

Highlights § Revenue up 6.4% to £201.5m § Underlying profit before tax up by 68% to £1.44m § Adjusted earnings per share up by 16% § New car market share increased § Used car unit sales up by 7.1% on a like for like basis § Aftersales resilient with turnover increasing by 4.9% on a like for like basis § Ratio of net bank borrowings to equity of 40% (2010: 47%) § Seven non-strategic operations successfully closed § Proposed final dividend of 7.0p per ordinary share (2010: 5.0p) making 12.0p in total for the year (2010: 10.0p)

http://www.investegate.co.uk/Article.aspx?id=201106030730087947H

Panmure Gordon reiterate a buy on Atkins (WS).

RBS reiterates buy on Intermediate Capital Group, target price raised to 405p.

RBS recommends buy on Imperial Tobacco, target price 2560p.

Singer Capital Markets upgraded its rating on Topps Tiles (TPT) from "sell" to "fair value" with an increased target price of 56p, up from 48p. The broker notes that the challenging economic environment for retailers has led the tile and wood flooring specialist to expect a continuation of subdued consumer confidence. With that said, Singer has left its low range pre-tax profit unchanged but increased its earnings per share estimates on the back of tax rate adjustments

Panmure Gordon maintained its "hold" recommendation for WSP Group (WSH), the engineering and management consultancy, with a lowered target price of 356p, down from 410p. The broker said that while the overall valuation does not look demanding by any stretch of the imagination, it believes a re-rating will only occur once investors are comfortable it can deliver organic upgrades. This looks to be a good 6-12 months away, Panmure added as it sees better opportunities elsewhere in the sector. Shares in WSP, which employes around 9,000 staff worldwide,

Goldman reiterate buy on Topps Tiles, target price 110p.

Panmure Gordon reiterate Kofax as a sell.

David Marshall, CEO of DEO, commented: "2010 was an extremely successful year for DEO. At the beginning of the year DEO set out its strategy to become a leading independent oil and gas player within the UKCS; with the acquisition of the Perth Assets we are now a step closer to achieving this. We are on track to deliver the FDP plan to DECC by 30 September 2011 and expect the approval to be granted by Q1 2012, with first oil targeted in 2013. The recently announced strategic partnership with Parkmead will not only help DEO pursue other opportunities in key areas of the UK Central North Sea beyond the Perth Assets, but it will also allow the Group to focus on its core expertise in development and production. Both companies have a deep understanding of the North Sea, complementing one another in their core skills, and we believe this collaboration will allow DEO to deliver further value to all our shareholders." We are excited about the outlook for future acquisition growth, and believe the Company is well positioned for this in the near term."

Financial · Placing of £14.8 million (net of expenses) to fund the acquisition and general working capital · Significantly strengthened shareholder base with experienced energy focused institutional investors who support DEO's strategy to become a leading exploitation operator in the North Sea · Operating loss for the year was £0.8m, with net assets at 31 December 2010 of £15.2m · Group had £4.9m of cash and liquid investments as at 31 December 2010 and remains debt free Outlook · FDP approval expected to be achieved by Q1 2012 with first oil targeted for 2013 · Strategic alliance with the Parkmead Group (Parkmead) agreed in May 2011 to develop exploration and exploitation opportunities in certain areas of the UK Central North Sea · The Directors anticipate that suitable and attractive acquisition opportunities will be presented in the near term, both within the wider Perth area (within 30km radius of Perth Core), and in other known and commercially attractive areas of the North Sea

London, 3 June 2011 - DEO Petroleum plc, the oil and gas development and production company, is pleased to announce its final results for the year ended 31 December 2010. Highlights Operational · Acquisition of 42.08% of the Perth Licence interest, UK Central North Sea, from Nexen (the "Acquisition") for £10.5m · Base case net Contingent Resources acquired range from 8.7mm - 11.6mm boe · Installed as operator of the Perth licence in December 2010 · Senior management recruitment complete, resulting in a highly experienced team in place · Field development plan (FDP) for Perth Core to be submitted to Department of Energy & Climate Change (DECC) by 30 September 2011

http://www.investegate.co.uk/Article.aspx?id=201106030700117900H

Amrik Kandola, Facilities Project Manager - the Co-operative Group, commented: "We are delighted to be installing the Pnu Power system into our Pyramid Building. We visited the Pnu Power facility in Chester on several occasions before deciding that this is the ideal solution for our power protection needs. We look forward to gaining operational experience so we can evaluate the system for larger facilities in the future." Neil Bright, Chief Operating Officer - Energetix Group, stated: "We are delighted that we have been able to secure such a prestigious reference site so soon after the announcement and demonstration of our Pnu Power data centre product range. We are very pleased that Co-operative Financial Services has agreed that we can use this installation as a demonstration and reference point to the wider data centre market."