The new Office for Budget Responsibility has, as was widely expected, produced a GDP growth forecast for 2011 that is significantly lower than the 3–3.5% put forward by Mr Darling in his March budget. A figure of 2.6% will be regarded as much more realistic in that it is close…
Salamander Energy announced the spudding of the Tom Su Lua-1X exploration well in Block DBSCL-01, in the Vinh Chau Graben system, offshore southern Vietnam. The DBSCL01-TSL-1X well will be drilled to a depth of approximately 1,400m and is targeting oil in the Eocene-Oligocene clastics as well as pre-Tertiary basement. The…
Ever since the announcement of the first spending cuts, Ministers have since been steadily preparing us for much greater pain to come. The government intends to follow a trail blazed by Canada which imposed 20% across the board cuts, turning a deficit of 9% of GDP in 1994 into a…
Rockhopper Exploration announced the placing of 17,320,000 new ordinary shares at a price of 280p each to raise £48.5m before expenses. Placing proceeds will be used to progress Rockhopper’s current drilling programme in the North Falkland basin, including flow testing of its Sea Lion exploration well and drilling an exploration…
Rockhopper Exploration announced yesterday that work is continuing on analysing the results of the Sea Lion 14/10-2 well and is expected to be concluded shortly. The company reported that there has been a delay in returning a sample to the UK due to air transport logistics difficulties between the Falkland…
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