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FTSE trends lower as blue-chip results weigh

FTSE shares turned volte face to be lower midday as heavy results-induced falls by Fresnillo (FRES) and Legal & General (LGEN) were vanguard for generally lower resources stocks. Gains from Standard Chartered (STAN) and ITV (ITV) on FY numbers were little help. Towards midday, FTSE 100 was down 20.18 points, or 0.29%, to 6868.95, although […]

SOCO sets results date

SOCO International has announced that it will publish its preliminary results, for the year ended 31 December 2014, on Thursday 12 March 2015. The Company will also host a presentation of the results to analysts. At 11:03am: (LON:SIA) SOCO International PLC share price was -2.4p at 270p Story provided by

FTSE mixed as blue-chip ladder nears 7000

FTSE indices were mixed early on with the blue-chip ladder moving up to within an ace of the 7000 mark. ITV (ITV), Legal & General (LGEN), Fresnillo (FRES) and Standard Chartered (STAN) were in FY results focus. Oil stocks rose despite unconvincing crude prices. Legal & General (LGEN) faded 2.34% to 271.7p despite its underlying […]

Bowleven update on Cameroon and Kenya activities

Bowleven, the Africa focused oil and gas exploration group, has issued an update on its operational activities onshore Cameroon and Kenya. Bomono permit, Cameroon: Drilling contractor AODL has assembled the rig and drilling systems at Zingana, the first of two well locations in the 2015 exploration programme. Routine function checks have identified certain mechanical and […]

Afren to default on 2016 notes

Afren will not pay $15m of interest due on its 2016 notes when the 30-day grace period expires. Afren said the board had taken the decision not to pay the interest to preserve cash while the review of the company’s capital structure and funding alternatives is completed. It said that while the non-payment will result […]

Fortune Oil’s shares suspended

Trading in Fortune Oil’s shares on the London Stock Exchange’s main market has been suspended. Fortune Dynasty – a company that is owned by a member of the Vitol Group and First Level Holdings Limited – announced on 18 December the recommended acquisition of Fortune Oil’s shares not already held by the consortium. Story provided […]

FOGL confirms rig arrival for Zebedee prospect

Falkland Oil and Gas Limited and Rockhopper Exploration have confirmed that the drilling unit Eirik Raude has arrived in the North Falkland Basin. The rig will shortly be moving to location to commence the first well, on the Zebedee prospect, of the six well drilling campaign that will see two wells drilled in the NFB […]

IRG update on Ksar Hadada farm-out

Independent Resources has confirmed that management continues to progress farm out discussions over the group’s working interest in the Ksar Hadada licence onshore Tunisia. The opportunity is being marketed by Envoi and a number of third parties have expressed interest and are currently evaluating the opportunity. The online data room remains open and technical presentations […]

FTSE dips as lower resources trump property gains

FTSE indices shrugged off-early session gains to close in the red with ballast from resources stocks outstripping gains among property and financial issues. US stocks firmed following a palette of economic data. FTSE 100 closed down 6.02 points, or 0.09%, to 6940.64. FTSE 250 was down 23.9, or 0.14%, to 17,249.9. At 4.43pm, WTI was […]

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