Clinigen CEO sells a further 0.5m shares post placing
2nd Oct 2013 15:56
Pharmaceuticals and services business Clinigen said Wednesday that Peter George, its Chief Executive Officer, has sold a further 0.5m shares in addition to the 2.8m disposed of on Monday. The shares, which were all sold for 410p each, were part of the 8.7m placed with a number of directors on Mond
Read moreIthaca Energy leaps on promising North Sea news
11th Sep 2013 11:29
News of an 'enormous leap forward' at its main development oil field invigorated shares in North Sea producer Ithaca Energy. The AIM- and Toronto-listed company revealed the first test well at its Greater Stella Area property had produced a good flow and high quality of oil. Chief Executive Office
Read moreTuesday broker round-up UPDATE
10th Sep 2013 08:17
African Barrick Gold: Investec shifts target price from 135p to 137p, while downgrading from hold to sell. Aquarius Platinum: JP Morgan moves target price from 39p to 49p, while downgrading from neutral to underweight. Citi lowers target price from 66p to 54p and downgrades from buy to neutral. As
Read moreWednesday broker round-up UPDATE
14th Aug 2013 07:53
Afren: Investec moves target price from 160p to 170p and stays with its buy recommendation. APR Energy: Investec places its target price (prev.: 900p) under review and maintains a hold recommendation. Aviva: Canaccord Genuity raises target price from 385p to 460p upgrading from hold to buy. Balfo
Read moreIthaca Energy expects full-year output at lower end of guidance
13th Aug 2013 10:28
Ithaca Energy's shares declined after the company said its anticipates full-year production will be at the lower end of annual guidance of 14,000 to 16,000 barrels of oil equivalent per day (boepd). The group based its 2013 expectations on production in the first half and the challenges ahead in s
Read moreThursday broker round-up UPDATE
4th Jul 2013 08:17
Aberdeen Asset Management: JP Morgan reduces target price from 573p to 476p and reiterates its overweight rating. Ashmore Group: JP Morgan cuts target price from 410p to 339p maintaining a neutral rating. ASOS: Jefferies raises target price from 2199p to 6200p and upgrades from underperform to buy
Read moreIthaca Energy forecasts H2 production in line with guidance
27th Jun 2013 10:45
AIM-listed oil and gas operator Ithaca Energy has predicted that total forecast production for the second half of 2013 will be within the company's guidance range of 14,000 and 16,000 barrels of oil equivalent per day (boepd) in an operations update issued on Thursday. The company said that this pr
Read moreIthaca Energy: Hydrocarbons found at Kobbe formation
24th Jun 2013 08:49
The presence of hydrocarbons has been confirmed in the Kobbe formation of Ithaca Energy's appraisal well 7725/3-2 in the Norvag discovery, a drilling update has shown. The AIM-listed oil and gas exploration company said that the findings were based on the results of wire line logs and formation tes
Read moreIthaca Energy begins drilling Stella field
18th Jun 2013 08:16
Ithaca Energy has kicked off development drilling operations on its Stella field. The first of four wells has been drilled using the Ensco 100 heavy duty jack-up rig. Three horizontal wells are to be drilled into the oil rim of the field, along with one highly deviated gas-condensate well on the
Read moreTuesday tips round-up: AT&T, Ithaca Energy, Aggreko
18th Jun 2013 06:38
AT&T is interested in buying Spain's Telefónica, according to reports Monday. The Financial Times' Lex column believes Telefónica's heavy debts of 70bn dollars net could make a deal easier as more than half of Telefónica's value is in its debt. "So AT&T could pay a 40% premium for Telefónica's share
Read moreIthaca Energy unveils further UK exploration portfolio farm-outs
17th Jun 2013 08:27
AIM-listed North Sea oil and gas exploration, development and production company Ithaca Energy has reported the execution of further UK exploration farm-out transactions. The company has executed a farm-out agreement with a subsidiary of Edison International SpA for a 25% interest in the licences
Read moreLondon pre-open: Markets expected to slip early on
11th Jun 2013 07:33
Markets are expected to open slightly lower on Tuesday morning, extending losses made the day before, as traders await a courtroom battle where the European Central Bank (ECB) is expected to defend its bond-buying programme. City sources predict the FTSE 100 will open down 16 points from yesterday
Read moreWood Group secures 200 UK jobs through Ithaca contract extension
11th Jun 2013 07:13
Energy services firm Wood Group has signed its first 'life-of-field' contract through an extension of work in the North Sea for AIM-listed Ithaca Energy worth 200m dollars (140m pounds). Wood Group's PSN division (WGPSN), which began working with Ithaca in 2008, will continue to operate and deliver
Read moreIthaca Energy's first quarter production rises
13th May 2013 13:08
Ithaca Energy on Monday posted a 51 per cent increase in new export production to 6,475 barrels of oil equivalent per day (boepd) for the first quarter. Production met the upper range of the 2013 guidance of 6,000 to 6,700 boepd in the first three months of the year. Cashflow from operations jump
Read moreIthaca Energy reports absence of hydrocarbons at Storbarden well
29th Apr 2013 08:41
AIM-listed North Sea oil and gas exploration, development and production company Ithaca Energy has reported that the Storbarden exploration well on PL 506S in Norway has not encountered hydrocarbons and the well is to be plugged and abandoned. The company reported that the costs of this and the o
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