Posts Tagged ‘stock-exchange’

Oxy vows to cut costs amid profit dip

by on October 25, 2012 8:47 pm BST
Chief executive Stephen Chazen set a target of lowering costs to 2011 levels by the end of next year, zeroing in on those in California, Reuters reported.The improvements and the resulting rise in the fourth-largest US oil company's share price must come in early 2013, he said. The stock is

Falkland farm-out gets green light

by Forex Rooton October 12, 2012 9:14 am BST
Rockhopper reported to the London Stock Exchange in July that the farm-out would see Premier paying $231 million in cash up front for the stake in licences PL023, PL024, PL032, PL033, PL003 and PL004, with an exploration carry of $48 million for three wells.Premier would also pay for

Chesapeake: Sales going as planned

by on September 6, 2012 4:10 pm BST
The Oklahoma City company also needs to sell some of its oil and gas interests to fill a funding gap that Barclays analysts estimate at $4 billion in 2013, Reuters reported."About $13 to $14 billion in sales remains our goal for the year," Chesapeake CEO Aubrey McClendon told investors

3D Oil to reveal West Seahorse deal

by on August 14, 2012 3:54 am BST
The company this morning requested a temporary halt in trading of its shares on the Australian Stock Exchange, pending an announcement about the company's Block Vic/P57.3D has been seeking a farm-in partner to share the development costs and risks of West Seahorse.In early July it was