Monday Newspaper round up.
The Telegraph writes that BP’s giant underwater oil project offshore Angola has come in four billion dollars over budget after delays set it back a year. According to The Independent, unions are meeting with...
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The Smallcap Oil & Gas round Up
Ascent Resources (LON: AST) Continued its descent. They have agreed to flogged their 48.66% interest in PetroHungaria Kft, which held its interest in the Penészlek field, to their joint venture partners, DualEx Energy International,...
Friday Newspaper round up
Jim O’Neil, head of the UK Financial Investments (UKFI) which manages the government’s investments in RBS and Lloyds, has resigned, “deal[ing] a blow to the government’s hopes of selling the stakes in the near...
OPG Power Ventures (AIM: OPG)
It’s becoming a pain in the neck in the Smallcap Oil & Gas sector, as with the Mining sector, to sort the wheat from the chaff. The bogus CPR’s, PV10 valuations, 3p Resource Estimates, JORC, STOIIP,...
Thursday Newspaper round up.
The Guardian says: “Premier Foods, the firm behind Bisto, Hovis and Mr Kipling, is sitting on a pensions timebomb that risks wiping up to a quarter off the value of retirement savings of 60,000...
Wednesday Newspaper round up.
The proposed deal to sell more than 600 Lloyds branches to the Co-op have collapsed after the latter said it could not proceed with the transaction, according to the Financial Times. “The cancellation of...
Tuesday Newspaper round up.
According to The Independent, High Street rivals Sports Direct and JD Sports Fashion thought to be considering bids for Manchester-based Americana, the owner of the Bench clothing brand. Offers could come in at up...
Monday Newspaper round up.
Glencore has made millions of pounds by selling goods to Iran, including to a group that indirectly supplies the country’s nuclear programme, reports The Guardian. However, the commodities trader has said that it ceased...
