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Risers & fallers: Gulf Keystone, Kefi MInerals, Baron Oil...

Last updated: 13:50 16 May 2016 BST, First published: 09:50 16 May 2016 BST

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Major share price movers in London at 1.45pm

RISERS

Gulf Keystone Petroleum Ltd (LON:GKP) up 24% to 5.43p. There was no news from the company on Monday, but it said at the end of last month that it had agreed a debt standstill ahead of a more permanent debt restructuring.

KEFI Minerals plc (LON:KEFI) up 6% to 0.54p. Gold explorer has received formal confirmation that the Ethiopian government will plough US$20mln into the company’s Tulu Kapi gold mine in the country.

Crest Nicholson PLC (LON:CRST) up 5% to 551p. Housebuilder said forward sales of £324mln were 8% higher than the £300mln reported at the end of the same half last year, with unit numbers broadly level. Unit completions are 7% ahead of prior year at 1,206.

FALLERS

Baron Oil PLC (LON:BOIL) down 11% to 0.63p. Drilling has commenced at Woodburn Forest in County Antrim, Northern Ireland. The drilling of the well is expected to take around six weeks to complete. Baron will earn a 10% interest in PL1/10.

Pinnacle Telecom Group PLC (LON:PINN) down 9% to 6p. Telecom group agrees to sell trade and assets of its subsidiary Pinnacle CDT to Chess ICT for £2.8mln cash.

Golden Saint Resources Ltd (LON:GSR) down 9% to 0.078p. To take up offer three licence renewals in Sierra Leone. Fees will be advised afterwards. Bulk sampling and security measures are being assessed by Rock Forage.  


Major share price movers in London at 9.45am

RISERS

Plaza Centers NV (LON:PLAZ) up 23% to 3.38p. Sale of Riga Plaza for €93.4mln or around book value. Plaza Centers has a 50% stake in the company that sold it.

Lonmin PLC (LON:LMI) up 16% to 188p. Platinum miner sells 211,462 platinum ounces in second quarter, some 92,411 ounces or 78% more than a year ago. 

Union Jack Oil PLC (LON:UJO) up 14% to 0.148p. Company expects first production from the Wressle oil field, onshore UK, in the second half of 2016.

FALLERS

Trinity Exploration and Production PLC (LON:TRIN) down 9% to 2.51p. Another extension to US$13mln debt repayment timetable, this time the deadline is 20 May.  

Carclo PLC (LON:CAR) down 6% to 146p. To discontinue its investment in Carclo Diagnostics Solutions (CDS), currently £1.5 mln per annum, and take £4.9mln write-down in accounts to March for the subsidiary.

Tethys Petroleum PLC (LON:TPL) down 3% to 2.18p Tethys revealed lower production in the first quarter of 2016 as a result of a prolonged winter in Kazakhstan, disruptions to oil trucking and natural decline.

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