Canadian oil and gas firm Bengal Energy saw revenues rise by 384% after being boosted by an increase in production and equity funding.
The Alberta-based firm saw fourth quartr revenue up to $3million, compared to $0.6million for the same period the previous year.
Reported revenues for the financial year were up 35% to $5.9million compared to the previous year.
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19/06/2013
Hunting and Petrofac shares among fallers
The London market suffered another painful session today after a weak start to the day’s trading on Wall Street.
The FTSE 100 Index slid another 40.6 points to 6,299.5 following yesterday’s 60-point drop.
Markets have suffered this week after Japanese policymakers failed to deliver new stimulus measures and amid ongoing worries that the US would taper its money-boosting drive.
The FTSE 100 Index slid another 40.6 points to 6,299.5 following yesterday’s 60-point drop.
Markets have suffered this week after Japanese policymakers failed to deliver new stimulus measures and amid ongoing worries that the US would taper its money-boosting drive.
12/06/2013
12/06/2013
Shell and Tullow among biggest Footsie risers despite wider sell-off
Japanese policymakers’ failure to deliver new stimulus measures led to a shares slump among blue-chip stocks today.
The FTSE 100 Index was down more than 100 points during the session, though it had partially recovered by the close to end 60.4 points down at 6,340.1.
Miners dominated the fallers board, with Evraz down by nearly 6% or 7.3p to 117.3p.
The FTSE 100 Index was down more than 100 points during the session, though it had partially recovered by the close to end 60.4 points down at 6,340.1.
Miners dominated the fallers board, with Evraz down by nearly 6% or 7.3p to 117.3p.
11/06/2013
Parkmead deal for Lochard ‘still on track’
Oil and gas operator Parkmead Group said yesterday it remained confident of acquiring Lochard Energy despite dissent among some shareholders in the smaller firm.
Cornhill Capital said investors holding more than 25% of Lochard’s shares had indicated they planned to vote against Parkmead’s all-share deal worth £14.5milion.
The investment firm said Parkmead’s offer materially undervalued Lochard, and is understood to believe the oil firm is worth closer to £18million.
Cornhill Capital said investors holding more than 25% of Lochard’s shares had indicated they planned to vote against Parkmead’s all-share deal worth £14.5milion.
The investment firm said Parkmead’s offer materially undervalued Lochard, and is understood to believe the oil firm is worth closer to £18million.
08/06/2013
06/06/2013
