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Oilex raises A$2.5m in share purchase plan

Oilex Ltd advises that its Share Purchase Plan (SPP) closed on 16 December 2014. Applications have been received for a total of approximately A$1,671,000 under the SPP (using the exchange rate applicable to the SPP of A$1:GBP0.55). Underwriters Patersons Securities Limited and DJ Carmichael Pty (“Underwriters”) have been notified of the resulting shortfall of A$829,000 […]

BP issues scrip shares

BP has confirmed the allotment and issue of 13,652,530 ordinary shares to shareholders who elected to receive ordinary shares under the scrip dividend programme as an alternative for the third quarter interim dividend payable today. At 9:51am: (LON:BP.) BP PLC share price was +3.93p at 406.48p Story provided by StockMarketWire.com

Centrica confirms capacity auction results

Centrica has confirmed that Langage and South Humber gas fired power stations have been awarded one year capacity agreements starting in October 2018. All capacity agreements are subject to final confirmation from the Department of Energy and Climate Change, which is expected no later than 5 January, and receipt of the capacity agreement notice, which […]

Alkane provisional award under DECC programme

Alkane Energy has provisionally been awarded 101MW of capacity mechanism agreements starting from October 2018. Alkane will receive £19,400/MW per annum for making capacity available to support the Department of Energy and Climate Change capacity programme, with 46MW being secured on 15 year agreements and 55MW on one year agreements. Alkane would earn a combined […]

Tower Resources says Namibia cost dispute resolved

Tower Resources has reached agreement with Repsol Exploration (Namibia) (Pty) Limited relating to the disputed costs associated with the drilling of the Welwitschia prospect, offshore Namibia. As announced on 3rd September 2014, the Operator’s estimate of well and other related costs for the drilling of the Welwitschia prospect, which had been completed on 15th June […]

FTSE rockets up on financial, retail stocks

FTSE indices closed up with financial and retail stocks rocketing higher, while resources gains were less marked. This as the price of crude oil had slipped more than 1% so far today. More than half of blue-chip stocks added at least 2%. FTSE 100 closed up 129.52 points, or 2.04%, to 6466.0. FTSE 250 ended […]

Fortune Oil agrees offer from Fortune Dynasty

Fortune Oil has agreed an offer from Fortune Dynasty Holdings which already owns nearly 57% of the issued ordinary share capital. Fortune Dynasty is a limited liability company incorporated in the British Virgin Islands that is owned 55% by First Level (a company owned by Daniel Chiu and Dennis Chiu, each being a Fortune Oil […]

Shell agrees sale of Norwegian downstream businesses

Shell has signed an agreement with ST1 for the sale of its retail, commercial fuels and supply and distribution logistics businesses in Norway. In addition, Shell’s aviation business in Norway will become a 50-50 joint venture with ST1. The sale is subject to regulatory approval and is expected to be completed in 2015. The transaction […]

Caza reveals strong results from Bone Spring

Caza Oil & Gas has announced two more strong results for the company’s Bone Spring programme with the first development well on the non-operated Marathon Road Property and the initial test well on the recently acquired and operated East Marathon Road Property. Marathon Road Property, Lea County, New Mexico: The Marathon Road 15 OB Fed […]

Bahamas Petroleum welcomes move on new regulations

Bahamas Petroleum Co is pleased that a new Petroleum Act and a suite of associated regulations to guide and govern oil exploration have been placed before The Bahamas parliament. In addition, as indicated by the Minister of Environment and Housing, a Sovereign Wealth Act has been proposed to provide the legislative framework to ensure that […]

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