Sefton Resources’ board has noted the recent increase in the company’s share price. Sefton says: “Other than the matters subsequently announced on 17 and 23 April 2015, the company’s position remains materially as outlined in the announcement of 15 April 2015. “The board are continuing to progress the matters outlined in its previous announcements, but […]
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Severn Trent bought back 25,128 ordinary shares yesterday at £21.6936 apiece to be held in treasury. At 3:15pm: (LON:SVT) Severn Trent PLC share price was +19.5p at 2186.5p Story provided by StockMarketWire.com
Volga Gas has confirmed that its Annual General Meeting is to be held at 10.00 a.m. BST on 5 June 2015 at the London office of Akin Gump Strauss Hauer & Feld, 8th floor, 10 Bishops Square, London E1 6EG. At 10:36am: (LON:VGAS) Volga Gas PLC share price was 0p at 71p Story provided by […]
Ithaca Energy has agreed to sell its wholly owned subsidiary, Ithaca Petroleum Norge AS, for an initial consideration of US$60m. The company also has the ability to earn additional bonus payments of up to US$30m dependent on exploration success from the existing licence portfolio. Ithaca Norge will be acquired by MOL Nordsjon BV, a wholly […]
Cheap oil has not been the drag on renewable energy that you might think. Matthew Partridge explains why – and how to make money from the trend.
Miner turned businessman, David Lenigas has people worried in England’s southeast over his plans to drill for oil.
Shell’s £47bn bid for BG suggests the oil sector is set for another round of major deals. But investors should avoid getting carried away, says John Stepek.
FTSE indices edged higher in early deals after limp falls on Wall St overnight, while Asian markets were mixed this morning. Several resources and utility stocks congregated at the top end of the blue-chip gainer’s ladder. BP (BP.) and Serco (SRP) were in the news. Shortly after the open, FTSE 100 was up 0.99 points, […]
Roxi Petroleum has entered into a subscription agreement with Hong Kong-based BOCO (H.K.) Limited to raise $20m at above the current market price. Proceeds would be used to accelerate the development of Roxi’s flagship BNG asset. BOCO will subscribe for 75,585,790 new ordinary shares at a price of 18p each. This represents a premium of […]
Barclays Capital has downgraded its recommendation on Soco International (LON:SIA) to ‘underweight’ from ‘equal weight’ on valuation grounds after revisiting its coverage of the European oil and gas sector. The broker said: “Our downgrade to Underweight reflects a relatively full valuation, with the stock trading ahead of our revised 186p/share Tangible NAV. “This follows a […]