Archive for May, 2012
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Aurora to raise Sugarkane funds

by Forex Rooton May 17, 2012 9:05 am BST
Aurora said it would raise the funds through the issue of 33.8 million ordinary shares at either A$3.55 or C$3.55 (US$3.51) per share.The company will offer 18 million of the shares to at C$3.55 per share, pursuant to a short form prospectus in Canada, with the remaining 7 million shares to

Premier teams up with new UK explorer

by Forex Rooton May 17, 2012 8:26 am BST
The new outfit is made up of the former senior exploration team of EnCore Oil, which has operated as a subsidiary of Premier Oil since January.Former EnCore Oil chief executive Alan Booth and former geosciences manager Paul Young are among the directors of the new London-based company.Under

Beach spuds Riley-1

by Forex Rooton May 17, 2012 8:17 am BST
The well is targeting the Namur sandstone with secondary objectives in the Birkhead, Hutton, and Poolwanna formations. The well is being drilled about 5.9 kilometres south-east of the Butlers-1 discovery well which flowed at 2600 barrels of oil per day when it was initially brought on line as a producer in 2009.

FOREX-Euro pauses descent, but vulnerable to fresh falls

by Forex Rooton May 17, 2012 8:10 am BST
Thu May 17, 2012 4:10am EDT * Euro holds above a 4-month low vs dollar * Greek banks face funding needs, adding to pressure* Spanish bond auction will be in focusBy Anirban NagLONDON, May 17 (Reuters) - The euro held above a four-month low on Thursday, taking a breather from a sharp sell