Dana Petroleum News
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20-10-2010
Dana Petroleum's founder and chief executive Tom Cross is taking over as executive chairman at oil and gas-focused investor and adviser Parkmead Group.
28-09-2010
But by its very nature, Wolseley has little visibility of future trading. It looks like being a long haul, with no particular reason for any sharp improvement.
24-09-2010
The roller coaster ride continued heading into the weekend, with shares rallying to finish with good gains following a drop in the morning.
24-09-2010
Dana Petroleum has told shareholders to accept Korea National Oil Corporation's (KNOC) £18 a share bid after the state-run company boasted acceptances of over 64%.
24-09-2010
It's been a rollercoaster morning for London's blue chips, although pretty much all the volatility has happened in negative territory as miners struggle.
24-09-2010
Footsie remains a few points in the red, continuing the uncertain performance seen this week so far.
24-09-2010
Footsie has opened lower with the heavyweight sectors of banks and miners both heading south.
24-09-2010
Korea National Oil Corporation (KNOC) has declared its £18 a share offer for Dana Petroleum wholly unconditional after almost two-thirds of Dana's shareholders backed the deal.
24-09-2010
Speculation over the power struggle at the top of global banking giant HSBC is likely to dominate early proceedings in London. Reports suggest that current chief executive Mike Geohegan will leave at the end of the year after failing to get the job of executive chairman.
22-09-2010
The market has been absorbed in interpreting smoke signals from the US and UK central banks today. In the US, the Federal Reserve left interest rates at just above 0% and said yesterday it expects the recovery to continue, but added "the pace of economic recovery is likely to be modest in the near-term."
22-09-2010
Footsie is under pressure this morning after comments from the US Federal Reserve last night stoked nervous over the recovery in the world's biggest economy.
22-09-2010
Reports that the government is mulling a new bank windfall tax has unsettled share prices this morning.
22-09-2010
Wall Street's move into the black last Tuesday is set to reflect well on London this morning, though gains are expected to be modest first thing.
22-09-2010
Bid target Dana Petroleum has received the go-ahead from the Dutch authorities for its 50% owned Medway integrated oil and gas development.
21-09-2010
Dana Petroleum has started drilling the Cormoran-1 exploration well offshore Mauritania, West Africa, just a few clicks southeast of the company's existing Pelican-1 discovery.
17-09-2010
KNOC has bought a 29.5% stake in Aberdeen-based oil company Dana Petroleum at the same price as last month's hostile bid.
17-09-2010
London's leading share index certainly made up for its early sluggishness on the last day of trading this week, but the day ended in disappointment as strong early gains evaporated.
17-09-2010
The afternoon session has seen Footsie heading backwards and even dipping below last night's level at one stage, and with company news thin on the ground the temptation for traders to make an early start to the week-end must be high.
17-09-2010
Having enjoyed a brief foray above 5,600 Footsie has slipped back below that level as miners come off the top, though the index remains in positive territory on the day.
09-09-2010
KNOC will not be raising its hostile £18 a share bid for Dana Petroleum despite yesterday's fierce defence by the Aberdeen-based firm.
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