Emerald Energy Share News (EEN)
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EENTue, 22nd Sep 2009 07:28
Chinese state-run oil company Sinochem Resources has made a £532m recommended bid for Emerald Energy. Emerald shareholders will get 750p a share in cash, a 34% premium to the level traded the last business day before bid talks were confirmed. The offer puts the shares at a new all-time high. Share
Read moreBid target Emerald Energy saw first half pre-tax profit fall back after it wrote off £3.29m relating to unsuccessful exploration costs. Profit before tax in the six months to 30 June eased to $16.8m from $18.96m a year earlier. Earnings before interest, tax, depreciation and amortisation, however,
Read moreFootsie put a sluggish start behind it to finish with good gains, helped by a strong showing on Wall Street. Friends Provident was the best performer after Clive Cowdery's new vehicle, Resolution , said it has received "constructive feedback" from the board of Friends over its merger approach and i
Read moreMergers and acquisition activity is keeping share prices bubbling as London makes a solid start to the week. Friends Provident is the best performer after Clive Cowdery's new vehicle, Resolution , said it has received "constructive feedback" from the board of Friends over its merger approach and i
Read moreThe blue-chip index edged higher in the morning sessions despite the weakness of miners and banks, with increased merger and acquisition activity encouraging buyers back to the market. Friends Provident is the best performer after Clive Cowdery's new vehicle, Resolution , said it has received "con
Read moreMergers and acquisitions news has sparked interest in oil and gas companies, making the sector one of today's best performers. Shares in Emerald Energy, which rose at the end of last week on talk a potential bidder was circling, are up again today after the oil explorer confirmed it had received a
Read moreSpecialist homewares retailer Dunelm is in demand after it grew market share in the first half of 2009 as like-for-like sales improved, despite a declining market. Sausages and pork products supplier Cranswick climbs after saying it has made a positive start to its new financial year, with first qu
Read moreEmerald Energy has received an approach that could lead to a bid for the London-listed mid-cap oil explorer. Today's announcement confirms recent talk that a potential bidder was circling. Emerald's share price leapt 10% on Friday as speculation intensified that an announcement was near. "Emerald
Read moreShares in Carillion are going well after the support services group said it remains on track to deliver 'materially enhanced' earnings for the full year after good performances across its divisions. Home shopping company N Brown, yesterday said turnover increased by 5.1% in the 18 weeks to July 200
Read moreDrilling of its Gigante No. 2 well in Colombia has completed, oil explorer Emerald Energy said, with better results than expected. The well has been drilled to a total depth of 15,630 feet, encountering hydrocarbon shows in both the Tetuan and Caballos formations. The upper limits of the Tetuan a
Read moreDrilling results at its Khurbet East number 10 horizontal well in Syria have been in line with expectations, Emerald Energy said. The oil explorer said the No. 10 well is the second of three development wells being drilled in the central area of the field. The top of the oil bearing Cretaceous Mas
Read moreFootsie is expected add slightly to yesterday's gains after a strong showing on Wall Street last night. Mexico-based silver miner Fresnillo reports a strong start to 2009, with silver production up 9% on last year and stable gold production. "In US dollar terms, our costs are declining compared to
Read moreEmerald Energy said it is pleased with the continued progress in Block 26, Syria as it focuses on delivering increased production rates from the Khurbet East field in the third quarter. Drilling operations have begun at the Khurbet East No.10 well, the second of three development wells being drille
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