Rockhopper Share News (RKH)

Monday broker round-up UPDATE

Admiral Group: JP Morgan cuts target price from 1122p to 1022p maintaining an underweight rating. Balfour Beatty: Numis increases target price from 285p to 315p and stays with its add rating. Bankers Petroleum: Goldman Sachs takes target price from 365p to 379p and reiterates a buy recommendation.

John Laing Chairman subscribes for shares in firm's largest ever raising

John Laing Infrastructure Fund (JLIF) announced that two of its directors, Chairman Paul Lester and fellow board member Chris Spencer, had each subscribed for 20,000 newly issued shares in the group as part of its largest ever raising of new equity. The shares were priced at 111p, costing each of

DIRECTOR DEALINGS: Rockhopper Exploration Directors Buy Shares

BROKER RATING CHANGES: Tesco Receives Slew Of Price Targets Cuts

STOCKS NEWS EUROPE-UK small caps rise ahead of flat AIM shares

UK small caps rise 0.1 percent, ahead of junior-listed AIM shares and the mid caps, which are flat, but behind a 0.2 percent rise for the blue chips. Falkland Oil & Gas falls 5.2 percent and Desire Petroleum surges over 30 percent after the two companies agree to a tie-up, creating a comp

Falkland Oil Buys Desire Petroleum, Signs Farm-Outs With Rockhopper, Premier Oil

FOGL buys Desire to tap into north Falklands oil

LONDON, Oct 3 (Reuters) - Falkland Oil & Gas is to buy a smaller Falklands-based firm to create a company with licences to hunt for oil both to the north and south of the remote British territory in the South Atlantic. FOGL said on Thursday it had agreed to buy Desire Petroleum , offering 0

Falkland O&G to merge with Desire Petroleum

Shares in AIM-listed oil and gas firm Desire Petroleum soared on Thursday morning after the announcement that it would be merging with larger peer Falkland Oil & Gas (FOGL) in an effort to diversify the activities of the two companies. The news comes on the same day the companies signed an agreeme

Friday broker round-up UPDATE

Afren: Canaccord Genuity cuts target price from 220p to 190p, while leaving its buy recommendation unaltered. AVEVA Group: Liberum Capital initiates with a target price of 2350p and a hold recommendation. Carillion: Numis reduces target price from 350p to 315p, while its hold recommendation remain

Rockhopper Exploration's full-year results hit by Falkland tax

Rockhopper Exploration's shares plunged after saying it had widened its annual loss to 75m dollars from last year's 53.7m dollars, reflecting a 122m dollar tax bill from the Falkland Islands government. The oil explorer's posted a loss per share of $26.47 for the year ended March 31st, up from the

Friday broker round-up

Afren: Jefferies cuts target price from 155p to 140p and downgrades from buy to hold. Alpha Real Trust: Panmure Gordon shifts target price from 76p to 79p and retains a buy recommendation. Betfair Group: JP Morgan moves target price from 850p to 825p keeping a neutral rating. Borders & Southern P

Tuesday broker round-up UPDATE

Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum

Fastnet has three years to find oil and sell up

By Sarah Young LONDON, May 1 (Reuters) - Fastnet Oil & Gas has given itself three years to find oil and sell up, in a move it hopes will replicate the success of fellow Irish explorer, Cove Energy. "If we're still around in three years, we've failed," Chairman Cathal Friel told Reuter

Rockhopper moves to be able to return cash

LONDON, March 27 (Reuters) - Falkland oil explorer Rockhopper said on Wednesday it would seek to make a technical change to enable it to return cash to shareholders, responding to investor calls to distribute cash from a deal it signed last year. Rockhopper said it will in April post a circ

Rockhopper faces investor demands to return cash from oil deal

LONDON, March 21 (Reuters) - Rockhopper, a British company which has made a significant oil find in waters near the disputed Falkland islands, is facing demands from a key shareholder to return capital, according to a source familiar with the situation. Odey Asset Management, a hedge fund w