LSE Market News

SABMiller: Optimism Brewing for the Future

20 Jan 2012 @ 02:52
SABMiller (LSE:SAB), one of the largest brewing companies in the world, today said they were able to record excellent volume growth in line with expectations, despite having declines in sales in certain regions for the third quarter ended 31 December 2011. Improving growth In Latin America, lager volumes indicated a strong growth, with volumes increasing […]

President Petroleum Taps 50 Million Barrels of Oil

20 Jan 2012 @ 00:48
AIM-listed President Petroleum (LSE:PPC) released a statement today estimating 50 million barrels of oil that was not previously accounted for has been discovered at the Pozo Escondido Field in Argentina. Previous figures at PE field indicated that there were only 20 million barrels of cretaceous stacked oil in place. The PEE-1001 well in the Pozo […]

BHP Billiton Predicts Increased Iron Ore Production

19 Jan 2012 @ 03:20
BHP Billiton (LSE:BLT), the world’s largest mining company, is predicting increased iron ore production in the current financial year, disregarding earlier predictions of a slowdown in the global economy. The prediction comes as BHP reported that its second-quarter iron ore production increased by a better-than-expected 22% . The company said ore production was 41.1 million […]

Tullow Oil expects 2012 to outperform a strong 2011

19 Jan 2012 @ 03:03
Tullow Oil (LSE:TLW) is off to a good start in 2012, a position which has been accentuated by the strong financial position held in 2011, combined with new discoveries and partnerships. The Group is expecting their sales revenue to approach US$2.3 billion, more than twice its 2010 performance backed by “increased production and strong commodity […]

San Leon Energy: Progress on Exploration Assets in Albania

18 Jan 2012 @ 03:15
San Leon Energy (LSE:SLE) today released a statement on the progress of its exploration assets in Albania.   The company, which has a 100 per cent owned Durresi License (4,200 square kilometers) in Albania, has received the preliminary processed volumes from its 840 square kilometers 3D seismic survey undertaken from late last year. Western Geophysical […]

Somalia: First Exploration in 20 Years Commences

18 Jan 2012 @ 03:03
In separate statements issued today, Range Resources and Red Emperor Resources announced the commencement of drilling operations on the Dharoor Block in Puntland, Northern Somalia. The announcements are in conjunction with the earlier press release of the said block’s operator, Horn Petroleum Corporation, a quoted company on the Toronto Stock Exchange. It is the first exploration in 20 years...

Afren Finds More Oil Off Nigeria

18 Jan 2012 @ 02:14
Afren (LSE:AFR) released a statement announcing the discovery of oil off of South East Nigeria. According to the report, the drilling encountered 549 feet true vertical thickness (TVT) of net oil pay and 41 feet of net oil gas in “excellent reservoir sands” in the Okoro East exploration well. The well is located east of […]

Jubilee Platinum: Buy Says Midas

17 Jan 2012 @ 03:14
Jubilee Platinum (LSE:JLP), a platinum producer operating in South Africa, saw its shares soaring to a third of its’ previous close. JLP stocks are trading at 16.35p as of press time, up by 4.125p from last Friday’s close. An article about the potential of the company referred the share price of JLP as a “bargain” […]

Robert Wiseman Dairies to be Sold for £279.5M

17 Jan 2012 @ 02:16
Robert Wiseman Dairies (LSE:RWD), one of UK’s leading provider of fresh milk, announced today, it has accepted the takeover bid by Muller Dairy (UK) Limited for £279.5 million. Shares of RWD have surged 59% from its January 12th trading prior to any announcement relating to any purchase offer, currently trading at 388.75p as of lunch […]

Genel Increases Chia Surkh Stake to Take Over as Sole Contractor

17 Jan 2012 @ 00:43
Genel Energy (LSE:GENL) said today that they will increase their interest in the Chia Surkh exploration block from 20 % to 80 %, thereby becoming the government’s sole contractor for the region. This initiative is largely seen as an essential strategy in the company’s attempts to strengthen its position in the region. Chia Surkh covers […]
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