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Proactive weekly oil news summary - Falcon Oil & Gas and 88 Energy
A reasonably busy week on the small cap oil front....
Company
Falcon Oil & Gas Ltd
LON:FOG
Falcon Oil & Gas Ltd. (“Falcon” or “Company”) is an international oil and gas company engaged in the acquisition, exploration and development of unconventional oil and gas assets. The Company’s principal interests are located in two major underexplored basins in Australia and South Africa; with further interests in Hungary, covering approximately 12.3 million gross acres. The Company’s interests are in countries with a high regional demand for energy and for Australia and Hungary are close to existing infrastructure allowing for rapid delivery of oil and gas to market.
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Proactive news highlights - W Resources, Falcon Oil & Gas and Royal Road Minerals and SeaEnergy
Aside from Chancellor George Osborne's statement and the UK macro picture, a big small cap story of the day came from tungsten explorer W Resources, which has been granted development approval for its La Parrilla tungsten mine in Spain.
Falcon Oil “uniquely positioned” in challenging sector
“Falcon is uniquely placed in this challenging oil price environment with its strong cash position, fully funded drilling programme and high quality assets,” says chief executive Philip O’Quigley.
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Proactive Oil & Gas highlights - Bowleven, Aminex, Premier Oil, Tullow, Falcon, 88 Energy
Bowleven's deal to team up with Aminex and Solo Oil in Tanzania was a notable highlight
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Proactive news highlights - DekelOil, Falcon Oil & Gas, Telit Communications.....
A notable riser on a grey day was DekelOil, whose shares gained 15% after it confirmed that its palm kernel crushing plant is now in commercial production and sales have begun.
Most followed: Sky, Mog the Cat, UK coal, Breedon ...
A look at some of Wednesday's trending financial stories...
Risers and fallers, including IAG, Sainsbury's and Eckoh
Here are some of the significant share movers as at 9.15am today....
Falcon Oil very encouraged by Beetaloo horizontal
It encountered 1,100 metres of shale horizontally through the Middle Velkerri formation and saw excellent gas shows throughout, and planning is now underway for a 2016 fracking programme.
Investments and investor services
Risers & Fallers: TalkTalk, Treveria, Kuala Innovations, Atlas Mara, Avocet and Genel
Below are the main news-driven share price movements at 4pm.
Investments and investor services
Proactive small cap highlights – Trinity rebounds after selling onshore assets
Here's a select batch of this week's small cap highlights
Weekly Oil & Gas highlights – Falcon, Egdon Resources, Europa, 88 Energy, Trinity Exploration, Sound Energy, Genel & others
Small cap firms were boosted by fast-track news, as the pace picked up for key projects.
Investments and investor services
FTSE 100 rouses itself after ECB press conference
The only way was up after Mario Draghi's press conference proved sweet music to the ears of the bulls
Archive
Proactive news summary: 88 Energy, Egdon Res, Europa Oil & Gas, Falcon Oil & Gas, Galasys, IMIC ...
Lots of positive news from the oil sector today from places as far afield as Morocco, Alaska and ... er ... Lincolnshire.
Traders sit on sidelines ahead of European interest rate verdict
The FTSE 100 Index was 7.5 points down at 6340 in lunchtime trading
Investments and investor services
Risers & Fallers: Zoopla, Ladbrokes, Debenhams, SIG, Foxtons, Pearson
Below are the main news-driven share price movements at 12.30pm.
Falcon Oil & Gas reveals second successful Australian shale well
Buoyed by drilling successes the partners will now accelerate to horizontal drilling in the coming weeks, and fracking is due to follow in 2016.