Gulf starts at Sheikh Adi-2 25/05/2012
Iraq-focused oil explorer Gulf Keystone Petroleum (GKP) has begun drilling at the Sheikh Adi-2 well in the Sheikh Adi block.
Bigpoint boss wins Allstars award
Heiko Hubertz, founder and head of Germany's biggest game portal Bigpoint.com, has won the 2011 Investor Allstars Award for Entrepreneur of the Year. Having founded what is now the third biggest such portal in the world, Hubertz received this coveted gong at yesterday evening's Investor Allstar Awards ceremony in the gothic surroundings of London's Natural History Museum, sponsored by early stage technology backer MTI and organised by investment bank GP Bullhound and Business XL magazine, published by Vitesse Media (VIS).
Broadcaster Katie Derham presented the awards to Hubertz and the other award winners, chosen by a formidable panel of judges from the worlds of venture capital, private equity and investment. Geneva-based Sven Lingjaerde, co-founding managing director of venture capital group Vision Capital, won the annual award for an Outstanding Contribution in this field.
Niklas Zennstrom of Atomico Ventures was named Venture Capital personality of the Year, while DFJ Esprit was chosen as VC Fund of 2011. Baring Vostok Capital Partners carried the prize for Exit of the Year on the strength of May's flotation of Russian internet winner Yandex, whose £5 billion float value was 500 times its worth in 2000.
Demeter Partners won the award for Cleantech Investor of the Year, while Braveheart Investors was named Private Investor Network of 2011. Kreos Capital took the laurels as Service Provider of the Year and the award for Buyout/Development Capital Fund of the Year went to Frog Capital.
British Smaller Companies VCT won the award for Venture Capital Trust of the Year. High-Tech Grunderfonds was named Equity Gap Fund of the Year.
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Shell considers Cove 24/05/2012
Oil giant Shell is extending its offer period for Mozambique-focused Cove Energy (COV) after having its bid trumped by Thai government-owned PTT Exploration & Production.
Roxi reaches 1,360 metres 23/05/2012
Kazakhstan-focused Roxi Petroleum (RXP) has declared that its NK7 well in the Galaz aea has drilled to a depth of 1,360 metres.
Cluff Natural Resources joins AIM 22/05/2012
Steered by sector veteran Algy Cluff, North-Sea focused cash shell Cluff Natural Resources (CNR) has joined AIM.
Red Emperor exercises Shabeel 21/05/2012
Somalia-focused oil explorer Red Emperor Resources (RMP) has exercised its option to take part in the drilling of the Shabeel North well.
Heritage happy in Iraq 18/05/2012
Oil concern Heritage Oil (HOIL) has reported its Miran West-3 well in Iraq could deliver 1,000 barrels per day of condensate.
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