Investments and investor services
Proactive Investors small cap highlights: IGas, Westminster...
IGas Energy and Egdon Resources are among few listed companies with a piece of Britain’s promised shale gas boom.
Company
LON:IGAS
IGas Energy is a leading British oil and gas explorer and developer, producing c.1m barrels of oil and gas equivalent every year from over 100 sites across the country, with significant potential yet to be delivered from our assets.IGas has played a key role in Britain’s onshore energy production; safely exploring, developing and producing onshore oil and gas at our sites for over three decades. Our management and technical teams have many years of experience in onshore energy production and most live and work in the communities in which we operate.IGas is extremely well positioned for the future as we move closer to unlocking Britain’s untapped unconventional oil and gas resources
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Investments and investor services
IGas Energy and Egdon Resources are among few listed companies with a piece of Britain’s promised shale gas boom.
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The weekly round up news and updates from the world of oil
Stephen Bowler is delighted with Third Energy's planning breakthrough, and he welcomed North Yorkshire County Council's recognition that onshore operators can carry out operations safely and with environmental responsibility.
Investments and investor services
Oil & gas companies rise as Third Energy gets go-ahead for North Yorkshire project
Whether today’s fracking approval is good or bad news is very much a matter of perspective.
IGas Energy and Egdon Resources, which are among the few investible UK shale plays, and they both got a lift in the market following the planning breakthrough in Yorkshire.
Investments and investor services
Court of Appeal refused to allow HMRC to challenge its judgment in favour of Sportech
Third Energy, a company backed by Barclays private equity, now has planning permission to frack the KM8 well near Kirby Misperton, a rural village in the Ryedale area of North Yorkshire.
Investments and investor services
The Footsie rose 21 points to 6157.6 and small-caps also gained
88 Energy was one of the week's top risers after it revealed further success of at the Icewine project.
PureCircle was a beneficiary of the government's plans to introduce a sugar tax.
A US$35mln injection of fresh funds from strategic investor Kerogen Capital and a debt-for-equity swap with its lenders is underway
Top riser in London was video editing group Forbidden Technologies PLC, which surged 50%...
Firestone Diamonds was wanted after it said its Liqhobong project remains on budget and on target to achieve first production this year
A 25% reduction in operating costs, a shale farm out deal with INEOS and new onshore licensing were among 2015’s highlights for IGas.
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The day's small cap news was dominated by the latest UK oil & gas licensing round.
The Oil & Gas Authority awarded 93 onshore hydro-carbon licences across 159 blocks
IGas has been awarded 17 new licences as part of the UK’s 14th onshore licensing round.
Among the recipients are London quoted IGas, Ithaca Energy, Europa, Egdon Resources, UKOG, and Solo Oil.
Investments and investor services
Below are the main news-driven share price movements at 4pm
The price of a barrel of Brent crude rose 1.4% to US$38.5
There is no more risk to public from fracking than other comparable industries, study said
Cantor Fitzgerald believes oil prices will rise to US$75 a barrel in 2017
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UK shares ended almost 18 down at 6,375 as traders went shopping it seemed on "Black Friday) and miners weighed heavily.
The FTSE100 dipped 12 points at to 6,381 while over in the US the Dow Jones is poised to start lower on a half-day for the markets.
Shale gas explorer Cuadrilla had an application initially turned down in June on traffic grounds
There were a few blue chips cheaper as well as Footsie dipped 23 points at the open to 6,369.
Investments and investor services
Below are the main news-driven share price movements at 3.30pm.
“It is a very exciting time for the industry as we move into Q1 2016,” Bowler said.
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Brokers were queuing up to applaud Aureus Mining's acquisition of three licences close to its New Liberty gold mine. Meanwhile, VSA thinks things are going to start moving Egdon Resources' way soon.
FOGL's disappointment in the deep-waters of the South Atlantic was probably the week's high profile story
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North River, Silence Therapeutics and Clinigen also reported.
“The drilling of the wells at Springs Road would be an important step in helping us to understand the shale gas potential in North Nottinghamshire," Stephen Bowler said.
Investments and investor services
A flurry of announcements from the consortium involved in Horse Hill got investors excited today.
Separately an AGM statement highlighted 'progress in spite of oil price volatility'
IGas has been champing at the bit to get on with the exploitation of its shale assets
Oil prices may be tumbling, but may be reasons for investors to take heart
Investments and investor services
The FTSE 100 ended 24 points down to 6,526 today as miners and oil stocks weighed.
Investments and investor services
Mariana Resources released a maiden mineral resource estimate for the Hot Maden gold-copper project in eastern Turkey.
The Oil & Gas Authority has revealed the recipients of the first 27 new licence blocks
The week's oil and gas highlights include IGas, Rockhopper, Lansdowne
Investments and investor services
Having spent most of the day in the green, the FTSE 100 ended relatively flat at 6,568 just 2.8 points lower than yesterday’s close.
Investments and investor services
Frackers received a boost today, particularly IGas...
Investments and investor services
Data shows Greek economy made surprise return to growth in second quarter
Investments and investor services
Analysts said Beijing's third devaluation in as many days had been expected
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Here's a first look at the main movers in early deals in London on Thursday....
The planning process for fracking can't drag on for months or years, said energy secretary Amber Rudd
The UK shale gas industry appeared to be given a leg-up as new rules from the government are poised to fast-track so called 'fracking' applications.
Investments and investor services
There was a lot of big news in the world of small caps today.
IGas can improve reporting for its stakeholders, it said
Investments and investor services
It's no surprise that, after two days of stonking gains in Shanghai, Fidelity Special Situations is the best performing FTSE 350 stock.
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The bailed-out bank is JP Morgan's 'top pick’ in the sector
No surprise fracking was in the news this week and opponents of the process were celebrating a victory following Lancashire council’s decision....
IGas readies fracking applications, Afren board quits, LGO upgrades and Lansdowne looks forward to summer drilling
Approval may be more likely for a separate fracking application
Investments and investor services
Tesco is a top riser on the FTSE 350 by virtue of things getting worse at a slower rate than previously.
The timings for new wells will depend on the local planning processes
Shale gas firm Cuadrilla has applied to start fracking in Lancashire – is this the start of the so-called “shale revolution” in the UK?
Archive
German bank Berenberg has puffed up its target price on British American Tobacco (LON:BATS) to 4,000p from 3,850p and repeated a 'buy'.
Approval of Cuadrilla’s applications would be a boon for Britain's nascent shale sector
Moody's, the ratings agency, reckons Tesco must raise £5bn in fresh capital to shore up finances