Company news from ShareCast

• US broker round-up
  Fri 24 May 2013 14:42
  Apple, CAT, P&G, Salesforce, Sherwin Williams

• Energy Technique completes share buy-back
  Fri 24 May 2013 14:20
  Energy Technique, the AIM-listed industrial engineering company which operates UK air conditioning products manufacturer Diffusion has completed the buy-back of 470,000 ordinary shares of 10p each in the company from Elsina at a price of 42.5p per share.

• RBS hit by mobile banking app glitch
  Fri 24 May 2013 13:43
  Royal Bank of Scotland (RBS)'s mobile banking application was down Friday morning in another IT failure following a major glitch last year.

• Morrison Supermarkets appoints Senior Independent Director
  Fri 24 May 2013 13:42
  Morrison Supermarkets appoints on of its current non-Executive Directors, Philip Cox CBE, as its Senior Independent Director.

• SSE joint-venture wind farm receives development consent
  Fri 24 May 2013 13:26
  Galloper offshore wind farm, the 50:50 joint venture between FTSE 100-listed renewable electricity and gas supplier SSE and RWE npower renewables, has received development consent from the Secretary of State for Energy and Climate Change, an update issued

• Two Tesco execs receive three million pounds in damages
  Fri 24 May 2013 09:58
  Two Tesco executives have received almost three million pounds in liquidation damages after leaving the UK supermarket chain.

• Computacenter details 75m-pound cash return for shareholders
  Fri 24 May 2013 07:33
  Shareholders at IT infrastructure group Computacenter are in for a windfall of 75m pounds after the company outlined details of its cash return on Friday.

• Support and resistance levels for the main securities
  Fri 24 May 2013 07:33
  Euro/Dollar: 1.2744/1.30. Ftse 100: 6,535/6,950.60. S&P 500: 1,597/1,687.

• Close Brothers posts strong Q3 results driven by growth in AUM
  Fri 24 May 2013 07:22
  FTSE 250-listed specialist financial services group Close Brothers Group has unveiled strong results for the third quarter relating to the period from February 1st to April 30th, underpinned by growth in the loan book and assets under management.

• Ticker at dawn: Asian markets
  Fri 24 May 2013 07:11
  Nikkei: +0.89% (14,612.45 points). Shanghai Se Composite: +0.30% (2,282.27 points). Hang Seng Index: -0.02% (22,665.27 points).

• 3i Group makes offer to acquire Barclays infrastructure business
  Fri 24 May 2013 07:10
  3i Group has made an irrevocable offer to Barclays Bank to acquire Barclays Infrastructure Funds Management (BIFM), its European infrastructure fund management business, in what would be a 'significant milestone' for the group.

• Smiths on track despite mixed trading in third quarter
  Fri 24 May 2013 07:09
  Smiths Group, the global technology firm listed on the FTSE 100, said that its full-year guidance remains unchanged after underlying revenues and profits in the first three quarters were ahead of last year.

• Croda acquires polymer unit of Arizona Chemical
  Fri 24 May 2013 06:57
  FTSE 100-listed chemicals manufacturer Croda International has completed the acquisition of the Specialty Products business of Arizona Chemical.

• Friday preview: UK mortgage lending figures released
  Thu 23 May 2013 14:56
  The spotlight will shine on economic data out Friday including mortgage lending figures from the British Bankers' Association (BBA) and US durable goods orders.

• Salamander Energy issues disappointing well update
  Thu 23 May 2013 14:30
  Salamander Energy on Thursday issued a disappointing update on its Bedug-1 exploration well in the Bontang production sharing contract.

• ENRC suffers two potential losses of company data
  Thu 23 May 2013 14:21
  Eurasian Natural Resources Corporation (ENRC) announced Thursday that it has suffered two potential losses of company data.

• Waitrose boss refuses to meet Ocado chief after Morrisons deal
  Thu 23 May 2013 13:55
  Head of Ocado, Tim Steiner, said Waitrose boss, Mark Price, has given him the cold shoulder after the online grocer made a deal with rival Morrison Supermarkets, The Telegraph reported.

• Glencore Xstrata launches first bond issue as merged company
  Thu 23 May 2013 13:32
  Glencore Xstrata has launched and priced three- five- and 10-year fixed-rate notes and three- and five-year floating-rate notes in a five billion dollar five-tranche transaction.

• JPMorgan fined by British watchdog
  Thu 23 May 2013 13:17
  A wealth management division of JPMorgan Chase has been fined 3.08m pounds by the Financial Conduct Authority (FCA) for being unable to show it was giving clients correct guidance.

• Investec posts strong results driven by wealth and investment business growth
  Thu 23 May 2013 11:06
  FTSE 250-listed specialist bank and asset manager Investec has posted strong annual results for the year ended March 31st, underpinned by profit increases in its three core business areas.

• Aveva unveils rise in annual revenue
  Thu 23 May 2013 10:47
  Engineering software company Aveva reported a 12 per cent rise in revenue on the back of growth in its Enterprise Solutions and Engineering & Design Systems divisions.

• Mitchells & Butlers profits rise on cost savings
  Thu 23 May 2013 10:16
  Mitchells & Butlers saw half year pre-tax profits rise 71.4 per cent as the UK operator of pubs, bars and restaurants delivered cost savings following a major restructuring.

• Electrocomponents dips after posting decline in annual profits
  Thu 23 May 2013 10:09
  Shares in FTSE 250-listed electronics and maintenance products distributor Electrocomponents dipped slightly on Thursday morning after the group unveiled its results for the year ended March 31st showing a decline in headline profit before tax.

• IP Group unveils new venture capital fund
  Thu 23 May 2013 09:53
  IP Group, the developer of intellectual property-based businesses, has established a 30m-pound venture capital fund, IP Venture Fund II, in partnership with the European Investment Fund (the EIF).

• Halfords Group unveils turnaround plan as profits fall
  Thu 23 May 2013 09:42
  UK automotive products retailer Halfords Group announced a strategy to improve its sales after reporting flat full-year revenues and a fall in profit.

• Tullow Oil announces well disappointment offshore Norway
  Thu 23 May 2013 09:21
  Lundin Petroleum, Tullow Oil's partner on the Carlsberg prospect in the Norwegian North Sea, said Thursday that it has plugged and abandoned the wildcat well 7/4-3 after no hydrocarbons were encountered.

• Full year pre-tax profit up 13 per cent at Booker Group
  Thu 23 May 2013 09:10
  Full year profit before tax rose 13 per cent to 101.4m pounds at FTSE 250-listed food wholesaler Booker Group in the 52 weeks ended March 29th.

• PayPoint's annual profits increase on record transaction volume
  Thu 23 May 2013 09:02
  PayPoint reported a 10.9 per cent rise in annual pre-tax profit to 41.3m pounds as the online payments company achieved record transaction volume.

• BTG announces double acquisition and placing of 33m shares
  Thu 23 May 2013 08:35
  BTG, the specialist healthcare company, has entered into an agreement to buy EKOS Corporation (EKOS), an interventional vascular business, and separately to buy the Targeted Therapies division of Nordion.

• Galliford Try's Partnership business selected for new contracts
  Thu 23 May 2013 08:23
  Galliford Try, the FTSE 250-listed housebuilding and construction group, has reported that its Partnerships business has been selected for contracts worth 56.3m pounds in total.

• Pennon Group reports fall in annual profits
  Thu 23 May 2013 08:23
  Pennon Group's annual pre-tax profits fell 1.1 per cent to 198.2m pounds reflecting the weak performance of its recycling business.

• Cobham awarded 165m-pound UK MoD contract extension
  Thu 23 May 2013 08:08
  Cobham has been awarded a five-year base contract extension worth 165m pounds by the UK Ministry of Defence (MoD) for essential operational readiness training.

• Dairy Crest lifts full year profit
  Thu 23 May 2013 07:59
  Cathedral City cheese maker Dairy Crest revealed improved full year adjusted pre-tax profit and said trading in the current year is in line with expectations.

• United Utilities reports good full year results and ups dividend
  Thu 23 May 2013 07:57
  United Utilities has delivered a rise in full year profit on the back of a strong operational performance, which fed through to the quality of service received by its customers.

• Vedanta Resources launches bond deal
  Thu 23 May 2013 07:56
  Vedanta Resources said it has launched a 1.7bn-dollar two-part bond deal in a "landmark transaction" for the mining company.

• Flybe sells Gatwick slots to easyJet, slams airport for 'punitive' fees
  Thu 23 May 2013 07:53
  easyJet has bought all of Flybe's take-off and landing slots at London Gatwick airport as part of the latter's turnaround plan to return to profitability.

• Legal & General completes acquisition of Cofunds platform
  Thu 23 May 2013 07:40
  Legal & General Group has completed the acquisition of Cofunds by purchasing the remaining 75 per cent of its share capital, according to an update issued by the group on Thursday.

• Ticker at dawn: Asian markets
  Thu 23 May 2013 07:38
  Nikkei: -7.32% (14,483.98 points). Shanghai Se Composite: -0.21% (2,296.86 points). Hang Seng Index: -2.37% (22,708.67 points).

• Support and resistance levels for the main securities
  Thu 23 May 2013 07:34
  Euro/Dollar: 1.2744/1.30. Ftse 100: 6,535/6,950.60. S&P 500: 1,576/1,687.

• WPP's Y&R Advertising opens majority-owned agency in Myanmar
  Thu 23 May 2013 07:21
  FTSE 100 listed advertising multinational WPP has reported that Y&R Advertising has opened Y&R Yangon, making it one of the first international networks to open a majority-owned advertising agency in Myanmar.

• Pearson shakes up group structure in drive for growth
  Thu 23 May 2013 07:20
  Pearson, the FTSE 100-listed publishing and education firm, on Thursday announced plans to shake up its organisational structure in an effort to tap into new growth opportunities.

• Emerging market expansion boosts SABMiller
  Thu 23 May 2013 07:15
  Beverage giant SABMiller ramped up annual revenue after strong growth in developing markets with lager volumes increasing in all divisions except North America.

• Wood Group PSN awarded five-year contract in Gulf of Mexico
  Thu 23 May 2013 07:01
  Wood Group, the FTSE 100 energy services giant, has announced its PSN business has scored a contract to deliver operations and maintenance services to Hess Corporation's Baldpate production platform in the deepwater Gulf of Mexico, under a new five-year a

• Lloyds to sell further share in St James Place
  Wed 22 May 2013 17:16
  Lloyds Banking Group said it planned to sell a further 15 per cent of its stake in wealth manager St James's Place to swell its equity capital 500m pounds.

• Thursday preview: SABMiller reports full-year results
  Wed 22 May 2013 15:28
  Beverage giant SABMiller is expected to report a rise in annual revenues Thursday, driven by excise-driven prices increases and its product and geographical mix.

• US broker round-up
  Wed 22 May 2013 15:25
  AMD, Autozone, Bristol-Myers, Comerica, EA, Medtronic, Suntrust

• Pearson reaches 75m dollar settlement over antitrust claims
  Wed 22 May 2013 14:26
  Pearson, the FTSE 100 publishing company, has announced that its Penguin division has come to a comprehensive agreement to pay a 75m dollar settlement.

• RBS boasts 'plentiful' funds to meet capital requirements
  Wed 22 May 2013 11:38
  The Royal Bank of Scotland Group said newly enforced capital requirements could be met by its current business plans, with 'plentiful surplus funding' available.

• Telefonica places Latin American IPO on hold
  Wed 22 May 2013 10:18
  Plans to float Telefonica Latin America have been placed on hold, according to Santiago Fernandez Valbuena, Chairman of the telecom company's regional unit.

• Cable and Wireless earnings beat expectations as cost cuts planned
  Wed 22 May 2013 08:32
  Cable & Wireless Communications (CWC) reported earnings slightly ahead of expectations and has identified major ongoing cost-cutting measures.

• Salamander initiates insurance claim on North Kendang campaign
  Wed 22 May 2013 08:29
  Salamander Energy, the FTSE 250 oil and gas group, has announced an on-going insurance claim related to the North Kendang drilling campaign in Indonesia.

• Aberdeen Asset Management completes acquisition of Artio Global Investors
  Wed 22 May 2013 08:09
  Aberdeen Asset Management announced Wednesday that it has completed the acquisition of Artio Global Investors, a US publicly listed asset manager.

• Lloyds to fulfil capital requirements without fundraising
  Wed 22 May 2013 07:55
  Lloyds Banking Group said it will be able to meet new heavier capital requirements from its existing business and selective disposals.

• HICL's annual profits rise on new investments
  Wed 22 May 2013 07:50
  HICL Infrastructure Company reported a 50.1 per cent increase in annual pre-tax profit, bolstered by rising secondary market prices and contributions from new investments.

• First half profit rises at Shaftesbury
  Wed 22 May 2013 07:43
  London West end property owner Shaftesbury booked higher first half profit, lifted net asset value per share and said it is confident in its future prospects.

• Strong London demand drives profits at Great Portland Estates - UPDATE
  Wed 22 May 2013 07:36
  Great Portland Estates, the Central-London property investor, saw a near-11 per cent rise in net asset value (NAV) and a strong increase in profits last year, as it said it expects to continue outperforming in the future.

• Support and resistance levels for the main securities
  Wed 22 May 2013 07:24
  Euro/Dollar: 1.2744/1.2954. Ftse 100: 6,535/6,950.60. S&P 500: 1,597/1,700.

• Carillion preferred bidder for Battersea Power Station redevelopment
  Wed 22 May 2013 07:15
  UK construction company Carillion has been selected as the preferred bidder to deliver the 400m pounds first phase of redevelopment at London's Battersea Power Station.

• Intermediate Capital sees record AuM but profits drop
  Wed 22 May 2013 07:12
  FTSE 250-listed asset manager Intermediate Capital, otherwise known as ICG, has unveiled record assets under management (AuM) for 2012/13 but profits dropped sharply as the company didn't exit as many investments during the year.

• Britvic boosts profit despite tough markets
  Wed 22 May 2013 07:10
  Soft drinks firm Britvic served up a strong set of interim results, after an improved underlying performance across the business, but cautioned market conditions remain challenging.

• SSE profits spike after price hike and cold winter
  Wed 22 May 2013 07:02
  Energy group SSE enjoyed a strong increase in profits in the year to March thanks a rise in prices and a cold and long winter period.

• Rolls Royce wins order Trent XWB engines from the US
  Wed 22 May 2013 07:00
  Rolls-Royce, the FTSE 100 engineering giant, has won an order from US leasing company CIT Aerospace for Trent XWB engines to power ten Airbus A350 XWB aircraft and Trent 700 engines to power 13 Airbus A330 aircraft.

• Burberry jumps as Asia drives record growth - UPDATE
  Tue 21 May 2013 16:07
  Angela Ahrendts, the Chief Executive Officer of Burberry, said that the British luxury brand remains well-positioned with 'opportunity by channel, region and product' after beating expectations in 2012/13.

• US broker round-up
  Tue 21 May 2013 15:58
  Abbott Labs, Aetna, Blackrock, FMC Tech, Yahoo

• Wednesday preview: Beverage giant Britvic reports
  Tue 21 May 2013 14:52
  Soft drinks producer Britvic will release its second quarter results Wednesday.

• Mondi welcomes new joint Chairman
  Tue 21 May 2013 12:26
  Mondi, the international packaging and paper group, has appointed Frederik Phaswana as its joint Chairman as of June 1st, replacing Cyril Ramaphosa who stepped down at the start of this month.

• Triple Plate shares jump on positive update
  Tue 21 May 2013 09:14
  AIM-listed exploration company Triple Plate Junction saw its shares jump 15 per cent on Tuesday morning after the company revealed it is considering several options for potential new projects.

• Invensys to return proceeds of rail sale to shareholders
  Tue 21 May 2013 09:02
  IT and engineering firm Invensys is returning to shareholders 625m pounds of the cash proceeds from its sale of its Rail business to Siemens.

• bwin.party poopered as restructuring hits sales
  Tue 21 May 2013 08:50
  Online gaming operator bwin.party saw sales shrink sharply in the first quarter as it looks to restructure in the face of increased regulation.

• John Menzies renews contract with the Telegraph
  Tue 21 May 2013 08:49
  John Menzies has renegotiated the terms of its contract with the Telegraph Media Group for the distribution of its major UK newspaper titles in the UK and Ireland.

• Galliford Try wins quartet of regional deals
  Tue 21 May 2013 08:20
  Galliford Try has won three major construction contracts in the South East of England and one in Manchester worth more than 60 million pounds.

• Big Yellow profit boosted by Olympics
  Tue 21 May 2013 08:16
  Big Yellow, the FTSE 250 storage company, has delivered an eight per cent rise in adjusted profit before tax, prompting a 0.5p rise in the final dividend for the year ended March 31st.

• Telecom Plus profits rise on strong customer growth
  Tue 21 May 2013 08:10
  UK multi-utility supplier Telecom Plus reported a 12.7 per cent jump in annual pre-tax profit driven by a rise in customers and a record increase in service numbers.

• British Land pre-lets London development The Leadenhall Building
  Tue 21 May 2013 07:56
  British Land has signed a deal to pre-let its London development, The Leadenhall Building, a joint venture with Oxford Properties.

• Carnival issues brutal profit warning on full-year EPS
  Tue 21 May 2013 07:53
  Cruise ship operator Carnival, the world's largest, issued a brutal profit warning overnight for its full-year earnings per share, primarily as a result of lower net revenue yield expectations due to its current cruise ticket pricing.

• G4S frontman Nick Buckles steps down - UPDATE
  Tue 21 May 2013 07:53
  After just three weeks on the job, G4S Chief Financial Officer (CFO) Ashley Almanza has already been promoted to the Chief Executive Officer (CEO) position, replacing Nick Buckles who announced his decision to retire on Tuesday.

• Ticker at dawn: Asian markets
  Tue 21 May 2013 07:45
  JAPAN

• Paragon lifts profit, see further growth in lending - UPDATE
  Tue 21 May 2013 07:32
  The Paragon Group of Companies, a specialist buy-to-let and consumer finance group, increased its half year profit after a sharp rise in buy-to-let lending activity, and said it is well positioned for future growth.

• Support and resistance levels for the main securities
  Tue 21 May 2013 07:27
  SECURITY: SUPPORT/RESISTANCE

• Vodafone sales fizzle, no bonus VZW dividend
  Tue 21 May 2013 07:10
  Final results from Vodafone were hit by weak European markets, leading to the company deciding to reinvest the bumper dividend it received from Verizon Wireless.

• Homeserve profit falls, maintains dividend - UPDATE
  Tue 21 May 2013 07:09
  Home emergency repairs group HomeServe saw full year profits decline but expressed confidence that customer numbers would stabilise as its international businesses continues to grow.

• Capita scores O2 contract and ups full year guidance -UPDATE
  Tue 21 May 2013 07:02
  -Broker comment added

• M&S posts profit decline as general merchandise sales drag - UPDATE
  Tue 21 May 2013 07:02
  Marks & Spencer (M&S) reported its second annual profit decline as the retailer's struggling general merchandise division continued to drag on a rise in food sales.

• Tuesday preview: M&S and Vodafone report
  Mon 20 May 2013 14:54
  Marks & Spencer (M&S) and Vodafone are expected to make waves Tuesday when they release their full-year results.

• US broker round-up
  Mon 20 May 2013 14:26
  Abbott, Accenture, BofA, Blackrock, Boeing, Charles Schwab, JC Penney, Lowe's, Netapp, Priceline.com, Red Hat, Sandisk, Tesoro

• Vodafone ends talks with BT for new contract
  Mon 20 May 2013 14:10
  Vodafone has bowed out of negotiations to provide a mobile service to fixed-line operator BT Group, Reuters reported Monday.

• Essar Energy exercises option to acquire stake in Essar Oil
  Mon 20 May 2013 12:29
  Essar Energy's wholly-owned subsidiary, Essar Energy Holdings, has agreed to acquire 32.95m shares in Essar Oil, equal to a 2.41 per cent stake.

• 888 signs deal with Kambi Sports
  Mon 20 May 2013 11:53
  Gaming entertainment company 888 has signed a deal with Kambi Sports Solutions, according to which it will deliver a fully-managed sportsbook solution under the group's 888Sport brand.

• Capita selected as preferred bidder for council contract
  Mon 20 May 2013 11:48
  Outsourcing group Capita has been selected as the preferred bidder for a contract with Barnet Council's development and regulatory services.

• e2v technologies expects modest revenue growth
  Mon 20 May 2013 11:22
  e2v technologies, a specialist provider of systems and equipment, reported a drop in 2012 earnings as the company underwent a restructuring in the face of a tough trading environment.

• Danone to enter Chinese joint venture to boost yoghurt sales
  Mon 20 May 2013 10:51
  French yoghurt producing giant Danone will invest around 325m euros to form a joint venture with China's largest dairy-produce maker and take its brands to the country.

• M&S accused of using Irish arm to avoid UK taxes
  Mon 20 May 2013 09:53
  Marks & Spencer has come under fire for its tax practices following reports it uses an Irish subsidiary to bill European sales.

• Vatukoula shares rocket on new deal
  Mon 20 May 2013 09:06
  Shares in Vatukoula Gold Mines rocketed on Monday after the company revealed it has entered into a subscription agreement with SCD Energy, a subsidiary of DRK Energy.

• Yahoo to snap up Tumblr for 723m pounds
  Mon 20 May 2013 08:59
  Yahoo plans to snap up the blogging service Tumblr to expand in social networking services in the largest tech deal in several years.

• James Fisher and Sons wins contract with Dounreay Site Restoration
  Mon 20 May 2013 08:37
  James Fisher and Sons (JFS) has scored a two-year contract to support Dounreay Site Restoration (DSR) with the world's deepest nuclear clean-up project.

• Record Ryanair profit as passenger numbers grow
  Mon 20 May 2013 08:30
  Discount airline Ryanair revealed record annual profit, despite higher oil costs, as it added new routes and new aircraft.

• Great Portland Estates pre-lets London offices to Bird & Bird
  Mon 20 May 2013 08:12
  Great Portland Estates (GPE) has pre-let its new development 12/14 New Fetter Lane, London, to law firm Bird & Bird.

• Salamander sees production spurt from Thai gusher
  Mon 20 May 2013 07:57
  Production growth gushed up at Salamander Energy as first oil flowed from its key Thai offshore development.

• European broker round-up
  Mon 20 May 2013 07:56
  Air France-KLM, EADS, Ferrovial, OHL, Telecom Italia, Telefonica

• Ticker at dawn: Asian markets
  Mon 20 May 2013 07:52
  Nikkei: +1.47% (15,360.81 points). Shanghai Se Composite: +0.70% (2,298.46 points). Hang Seng Index: +1.62% (23,457.25 points).

• Support and resistance levels for the main securities
  Mon 20 May 2013 07:48
  Euro/Dollar: 1.2744/1.2954. Ftse 100: 6,535/6,750. S&P 500: 1,597/1,700.

• Events organiser ITE grows sales despite timing issues
  Mon 20 May 2013 07:48
  Trade exhibitions and conferences organiser ITE Group managed to offset the adverse timing of events to grow revenues slightly in the first half.

• ENRC reveals consortium offer price
  Mon 20 May 2013 07:44
  Eurasian Natural Resources (ENRC), the mining company 26 per cent-owned by fellow miner Kazakhmys, has confirmed that the indicative proposal made by a consortium on May 16th envisaged an offer of 175p per share in cash and 0.231 of an existing Kazakhmys

• Reckitt Benkiser completes agreement with Bristol-Myers Squibb
  Mon 20 May 2013 07:40
  Reckitt Benkiser has completed its agreement with Bristol-Myers Squibb Company (BMS), having received the necessary approvals.

• BTG upbeat as full year profit rises
  Mon 20 May 2013 07:36
  International specialist healthcare firm BTG posted a robust set of annual figures following a strong performance in its specialty pharmaceuticals business, increased royalties from licensed products and after it moved to direct sales of its interventiona

• FirstGroup cancels dividend as Chairman falls on sword
  Mon 20 May 2013 07:11
  Train and bus operator FirstGroup cancelled its final dividend as it restructured its balance sheet and refinanced after a year in which operating profits halved.

• MITIE boosted by move into healthcare
  Mon 20 May 2013 07:08
  MITIE Group, the FTSE 250 facilities, property and energy management firm, met headline profit forecasts with its full-year report on Monday, though statutory results were hit by an increase in one-off items as the company underwent a restructuring and ma

• Fatter profits at Cranswick as pork demand grows
  Mon 20 May 2013 07:07
  Bacon and sausage supplier Cranswick reported a robust set of annual results, as pork consumption in the UK continues to grow, and said it is well placed for future growth.

• Randgold Resouces enters 200m dollar credit facility
  Mon 20 May 2013 07:01
  Randgold Resources, the FTSE 100-listed gold miner, has entered into a 200m dollar unsecured revolving credit facility with HSBC and three other banks to be used for general corporate purposes.

• Max Petroleum encounters hydrocarbons in Zhana Makat Field
  Thu 16 May 2013 14:02
  AIM-listed oil and gas exploration and production company Max Petroleum has reported that the ZMA-E6 development well in the Zhana Makat Field has successfully reached a total depth of 897 metres, encountering hydrocarbons in Jurassic sandstone reservoir

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