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President Petroleum well disappoints
News Oil and gas firm President Petroleum delivered a mixed bag in its most recent update on its Louisiana operations, but investors chose to focus on the negative, sending the share price nearly 7% lower.
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Gulfsands revenue hit by new regulations
News Oil and gas firm Gulfsands Petroleum has been hit by new EU sanctions in Syria, where the firm operates, which have prevented the group from engaging in activities, including funding activities, connected with its Block 26 fields, until further notice.
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Improvement continues at Ensor, cautious outlook
News Building materials supplier Ensor posted a 31% rise in half year operating profit, upped its dividend payment 57% but said while the second half has started well, it remains cautious about future trading as economic turmoil in Europe continues.
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Range Resources rises after successful drilling beats targets
News Oil company Range Resources has successfully completed the drilling of the step out QUN 116 well where it encountered around 66 feet of net pay zone.
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Ithaca & Lochard fall on news of delay
News Both Ithaca and Lochard, AIM-listed oil firms, fell on news that one of its Athena project has had to be slightly delayed.
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BG in talks to offload stake in Brazilian unit
News Oil and gas giant BG Group was rising higher early on Friday morning, as market chatter speculated that it may be putting a stake in its Brazilian business up for sale.
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Rockhopper sees great results at Sea Lion field
News Rockhopper Oil, the Falkland Islands focused exploration company, has said it is just one well away from completing its "very successful" appraisal of the Sea Lion field.
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Faroe and Centrica complete sidetrack well
News Faroe Petroleum, an independent oil and gas company, has reported the completion of a successful initial side-track well on the Butch oil discovery, in which it has 15% stake, located in the Norwegian North Sea.
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Cosalt thrown £5m lifeline by suitor Ross
News Cosalt, the Lincolnshire based company which provides life jackets and safety harnesses for the oil and gas industry has seen its shares jump 28% this morning on news of a new credit facility.
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