Tuesday, 23 March 2010

Morning news wrap: Legal & General, Imperial Tobacco, Cairn Energy, Patagonia Gold, Synchronica

In the FTSE 100, Imperial Tobacco (LSE: IMT) said that its performance and financial position in the financial year to 30 September 2010 remains in line with management’s expectations.
Insurer Legal & General (LSE: LGEN) posted a pre-tax profit of £1.1 billion during the year compared to last year’s loss of £1.5 billion.
Oil and gas producer Cairn Energy (LSE: CNE) said Rajasthan development is on track to ramp up production to 125,000 bopd (barrels of oil per day) in H2 2010.
In AIM, Western Europe operating oil and gas company Northern Petroleum (AIM: NOP) has announced that the Ministerie van Economische Zaken has awarded the Zuid-Friesland III Production Licence to Nederlandse Aardolie Maatschappij BV, Total, Petro-Canada and Dyas. The licence is for a period of 25 years and covers 104.6 sq km (square kilometres) in the Province of Friesland, The Netherlands.
Argentina focused gold explorer Patagonia Gold (AIM: PGD) has commenced a drilling campaign on COSE in October 2009. To date 33 drill holes have been completed, for a total of 7,534 metres. The results received so far include an intersection of 13.93 metres grading 159.23 g/t (grammes per tonne) gold, which includes 1.60 metres at 1,284.15 g/t gold and 3,977 g/t silver.
Mobile email and data synchronisation group Synchronica PLC (AIM: SYNC) has signed a reseller agreement with a device manufacturer in India.
North American based explorer Nighthawk Energy (AIM: HAWK) released its interim results, saying that its total assets increased 65% to US$115.5 million, while revenues soared 218% to US$1.01 million.

http://www.proactiveinvestors.co.uk/companies/news/14739/morning-news-wrap-legal-general-imperial-tobacco-cairn-energy-patagonia-gold-synchronica-14739.html

No comments:

Post a Comment