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Proactive news snapshot: ValiRx, W Resources, Falcon Oil & Gas …
A glance at some of the day's highlights from the Proactive Investors newswire
Company
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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A glance at some of the day's highlights from the Proactive Investors newswire
The trading update was short and sweet. Liberum responded by increasing its target price.
The report’s overall conclusion states that “the challenges and risks associated with any onshore shale gas industry in the NT are manageable”
Robert Walters sprang a pleasant surprise on the market with an unscheduled trading update.
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers today in London
Review into proposals to frack vast shale resources in the Beetaloo basin is presently underway, in the meantime Falcon said it has adopted strict cost management.
Around 3.10pm, the FTSE 100 index was down about 6 points at 7,411, below the day’s peak of 7,425.19, but above the low of 7,389.54
It is now expected that a draft final report will be published in mid-December, and as a result the final report itself will now not be published until March
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A glance at some of the day's highlights from the Proactive Investors newswire
Falcon was debt free and had US$9.7mln of cash at the end of the half
The FTSE dipped 6 points to 7,401 points after Janet Yellen left monetary policy out of her Jackson Hole speech
Origin Energy, Falcon's partner in Australia, has welcomed a preliminary report from a scientific inquiry that will inform a decision on fracking in the Northern Territory.
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A galnce at thestories on teh Proactive Newswire today
Falcon said it ended its first half in a strong financial position, with US$10.1mln of cash and no debt.
BP saw its first-quarter profits jump by more than expected, while Shell also put up big numbers.
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A reverse takeover of Opera Investments is the method for the deal with the name of the company to be changed to Katoro Gold PLC to reflect the new business focus.
Telit Communications shares have fallen after announcing a fundraising while Diversified Gas & Oil has gained on acquisition news
Origin’s stake in the project doubles to 70% while Falcon retains its 30% stake and all of its entitlements from the 2014 farm-out deal.
London's top tier index rose 22 points to 7,270.88 at 2.38pm after a better-than-expected US non-farm payrolls report