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LGOThu, 09th Feb 2017 13:13
Stocks are buoyant again as today's meeting of European finance ministers in Poland generates more optimism over the Eurozone crisis. The meeting will also include US treasury secretary Timothy Geithner, who recently suggested that the continent should "leverage up" the European Financial Stabilit
Read morePre-tax losses widened at Leni Gas and Oil after group administration costs hit £940,000 for the six months to the end of June. Although like-for-like revenue grew from £1.25m to £1.5m, this was offset by a rise in admin costs from £0.57m to £0.9m resulting in a loss from operations of £0.8m (2010
Read moreAIM listed Leni Gas & Oil has resumed production at its Eugene Island platform (EI-184) in the Gulf of Mexico. Marlin Energy LLP - the new operators of the facility - began operations on the 3rd of June. This follows a shutdown announced on the 5th of April caused by the financial difficulties of t
Read moreUnited Utilities chief executive Philip Green has raised £588,000 by selling 100,000 shares. Green still has 116,384 shares. The shares that were sold for 588p each were owned by Green and his wife Judy, who no longer holds any shares. In February, Green received 136,607 shares from the company'
Read moreBG has been a star performer among the giant oil and gas companies, thanks to its stake in the huge oil finds being made offshore Brazil and its finance director has decided to take profits on his stake in the company. Barely a week goes by without any new discovery in the Santos basin, with BG's
Read moreAIM-listed Leni Gas & Oil underwhelmed the market with an operational update Thursday, though the statement did not contain any obvious bad news. The company said the planned work programme on its Spanish wells is about to kick off. All necessary equipment for the programme of well recompletion is
Read moreAustralian miner Norseman Gold suffered a drop in production during the first quarter to 12,229 ounces from 14,469 ounces in the three months to June following a fatality at the OK Decline in August. The accident caused a three week shutdown at the mine and meant output was well below target but i
Read moreThe last quarter of 2010 started well for London's leading share index, with buoyancy in the oil sector helping to offset continuing economic worries at home and abroad. Manufacturing data was subdued. Footsie gave up some of its early gains after figures from the US showed Manufacturing grew at th
Read moreThe afternoon session has seen the Footsie advance confidently, almost regaining its high for the day which was hit shortly after 10:00am. A solid start by Wall Street on the back of better than expected spending data has helped sentiment this side of the pond. Oil giant BP is higher amid speculat
Read moreLeni Gas & Oil has entered into heads of agreement for a nitrogen enhanced oil recovery pilot project in Spain, which could increase recoverable reserves by one-third. There is a period of exclusivity where AIM-quoted Leni can negotiate a definitive agreement with Praxair Espana, the Spanish subsi
Read moreClean energy products group Acta has signed an agreement to supply generators that produce clean hydrogen to Girelli Bruni, a company that installs equipment on forecourts of petrol stations in Italy. Aerospace group Hampson has appointed US national Norman Jordan, chairman and chief executive of L
Read moreLONDON (Dow Jones)--Leni Gas and Oil PLC (LGO.LN), an oil and gas production company with assets in Spain, Trinidad, and Gulf of Mexico, said Tuesday that it has raised gross proceeds of GBP1.5 million in a placing to institutional investors of 75 million new ordinary shares of 0.05 pence each in th
Read moreLONDON (Dow Jones)--Leni Gas & Oil Plc (LGO.LN), an AIM listed international oil and gas production, development and exploration company, announced Tuesday an expansion of the acreage position in the U.S. Gulf Coast with the exercise completion of two new developments under terms of the Strategic Al
Read moreLONDON (Dow Jones)--Leni Gas & Oil PLC (LGO.LN), an oil and gas exploration, development and production company, Monday announces the start of a seismic survey and investigation program at the Hontomin oilfield location as part of the CIUDEN joint development program. MAIN FACTS: -Completed
Read moreLONDON (Dow Jones)--Leni Gas & Oil PLC (LGO.L), a company which buys assets in the oil and gas sector, reported Monday a loss for 2009 of GBP2.1 million, due mainly to an impairment charge of GBP1.7 million relating to write-down of Hungary investments. MAIN FACTS: -Revenue for the year ende
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