Thomas nurses £91m loss 08/02/2012
Beleaguered travel operator Thomas Cook (TCG) has reported a loss of £91 million its first quarter also announcing the sale of its Indian division.
David Lenigas, Lonrho Africa’s entrepreneurial boss, plans to raise £3.8 million on AIM for a new company, Leni Gas & Oil.
Beaumont Cornish is broker and nominated adviser to the new company, whose stated aim is to identify and acquire oil and gas projects around the world, preferably already in production or with previously proved deposits. Lenigas, who is chairman of Leni Gas & Oil, owns nearly two-thirds of the company, which will be valued at £9.82 million by the float, which should take his holding down to 40 per cent.
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Beleaguered travel operator Thomas Cook (TCG) has reported a loss of £91 million its first quarter also announcing the sale of its Indian division.
AIM-quoted Chariot Oil and Gas (CHAR) has completed a 3D seismic survey across its central blocks.
Aminex (AEX) and Solo Oil (SOLO) both reported the Ntorya-1 well had 'not encountered' sandstone intervals after drilling 2500 metres.
Brady (BRY), the supplier of software to the commodities sector is to raise £18 million to fund two acquisitions.
Motion capture specialist OMG (OMG) has won a £2.3 million deal to provide surveying services for the Highways Agency
AIM-quoted barite explorer Sunrise Resources (SRES) has reported high-grade results from its drilling programme in South-West Ireland.