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.
US-focused Nighthawk Energy says it has made a ‘significant’ gas discovery at the Devon Oilfield in Kansas.
The Bristol-based company, whose other interests include the promising Jolly Ranch oil and gas field in Colorado, reports testing the Graham 6-36D-3 well in the Devon field resulted in a flow of 627,000 cubic feet of gas a day. AIM-quoted Nighthawk, steered by the entrepreneurial David Bramhill, has hooked the well to a local pipeline and is now delivering 160,000 cubic feet to be sold into the market.
Nighthawk holds 80 per cent of the project and Foxes Petroleum Inc., the operator, has the remaining 20 per cent. Nighthawk shares, floated at 25p two years ago, hit 114.75p last May before turning south and now stand at 24.5p, valuing the company at £65 million.
Save 50% off your first year’s subscription to Growth Company Investor magazine, and gain immediate access to all the recommendations online. Click here.
Subscribe today and save 50%. Receive company watch recommendations and extensive company profile tips, released two months ahead of the market.
Advertisement
£100 credit when you open five trades within 60 days – terms apply. Spread Trading is not for everyone please ensure you understand the risks as you may lose more than your initial deposit. Click here for more information.
This unique study analyses the shareholdings of companies listed on AIM, extracting trends including rankings of the value and number of their investments.
Please click here to order your copy of the report or call 0207 250 7056.
Informative features and research on fast-growing companies, small-cap and growth stocks, penny shares, stock market tips and share recommendations, directors' dealings, company news and analysis, new issues and upcoming IPOs.
If you're interested in business tax updates visit our specialist tax guide website.
Daily coverage of small-cap company stocks on London's junior markets AIM and PLUS, breaking news, stock research and latest share price information for investors. Full sector coverage with all the latest news on smaller listed companies, updated several times a day with financial reports, trading statements and links to further web resources.
Advertisement
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.