Circle Oil is on a roll in Egypt.Summary: Circle Oil, the explorer in which Libya holds a 29 per cent stake, rose 2p to 29A'p amid speculation that it is about to announce another discovery in its Egyptian concession. Circle Oil, the explorer in which Libya holds a 29 per cent stake, rose 2p to 29A'p amid speculation that it is about to announce another discovery in its Egyptian concession. Circle struck oil in the concession, 200 miles southeast of Cairo, in January. A new find would be the fifth at the concession, in which Circle has a 40 per cent stake. The state-owned Libya Oil Holdings bought its stake in Circle, which has recently discovered gas in Morocco Morocco, country, Africa Morocco (mərŏk`ō), officially Kingdom of Morocco, kingdom (2005 est. pop. 32,726,000), 171,834 sq mi (445,050 sq km), NW Africa. and has interests in Namibia, Oman and Tunisia, last September at 19p a share. Premier Oil , the FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. 250 company, which owns 10 per cent of the concession, rose 8A'p to 983A'p. CQS CQS See Consolidated Quotation System (CQS). Rig Finance , the provider of loans to builders of oil rigs and other energy infrastrucutre, fell 14.875p to 5.125p as it returned from suspension having agreed a rescue loan from Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. , but it gave warning that some of its bonds were in default, while its net asset value is negative, since liabilities exceed assets. Sepura , the maker of digital walkie-talkies, rose 4p to 53A-p after Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. increased its target price from 60p to 100p on the belief that there will be a pickup Pickup A gain in yield made by selling one bond and buying another. Also referred to as "yield pickup." Notes: When the present yield is relatively low compared to the longer-term yields, pickups will be done by investors trying to increase the yield and duration of their in the sector. African Copper , the owner of Botswana's only copper mine, jumped 4.125p to 11p after Zambia Copper Investments raised its offer of a loan to $24.5 million (Au16 million), which would allow African Copper to pay off Natasa, its bondholder Bondholder A firm often has stockholders and bondholders. In a liquidation, the bondholders have first priority. bondholder An individual or institution that owns bonds in a corporation or other organization. , controlled by Chris Kyriakis, the Australian deal-maker. Frontera Resources , an oil explorer in the former Soviet republic of Georgia, fell 10.125p to 9.125p after it said there was a risk that it would not survive as a going concern if talks in their early stages to raise new finance failed. Copyright UMCI News Provided by Syndigate.info an Albawaba.com company |
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