January 2013
Polymetals sets sights on gold juniors
Blue sky | As junior explorers find their cash balances waning and raising options unpalatable in the current market, they may want to strike up a conversation with Brisbane-based miner Polymetals.
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- Luke Forrestal
July 2012
Company briefs
Customer satisfaction with the big four banks fell for the fifth consecutive month in June, down 0.20 of a percentage point to 76 per cent. Roy Morgan research director Norman Morris said: “Although each of the big four has shown some decline since January, it has been the ANZ that clearly has had the biggest fall over this period, going down by 5.4 percentage points, due mainly to a 10.1 percentage point drop in the satisfaction level of their home loan customers.”
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October 2011
Stocks to watch at close on Wednesday
Stocks to watch on the Australian stock exchange at close on Wednesday: BHP Billiton, CSL, Lend Lease, MAp, OZ Minerals, Petsec, Qantas, Virgin Blue, Webjet.
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August 2011
January 2011
Roc Oil close to go-ahead on China project
Updated | Roc Oil is within weeks of a final investment decision on a $US300 million offshore project in China’s Beibu Gulf after its Chinese partner, oil giant CNOOC, approved the development plan for the venture.
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- Angela Macdonald-Smith
October 2010
Shares boosted by ANZ, miners
Financial stocks pushed the sharemarket higher, buoyed by a standout result from Australia and New Zealand Banking Group, takeover activity in property and growing doubts over the proposed bid for ASX Ltd.
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- EquitiesGillian Tan
Petsec revenue nearly halved
Petsec Energy reported net revenue of $US5.6 million in the September quarter, compared with $US10.3 million a year earlier.
Petsec Energy shares rally after tough year
The Gulf of Mexico taketh away, and the Gulf of Mexico giveth.
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- Nabila Ahmed and Sarah Thompson
Gulf of Mexico discovery boosts Petsec
Petsec Energy says there has been a sizeable gas and condensate discovery at its part-owned prospect in the Gulf of Mexico.
September 2010
Petsec restores Louisiana field
Petsec Energy says production from the Main Pass Block 270 field in offshore Louisiana was restored in mid-September.
Petsec Energy
The shutdown since April of Petsec’s largest field, Main Pass 270 in the Gulf of Mexico, cut production and drove an operating loss of $US0.8 million. Impairment charges linked to a failed well, reserves downgrades and the difficult investment environment in the Gulf further weighed on the results.
August 2010
Petsec earnings hit by moratorium, shut-in
Petsec Energy says restrictions on drilling in the Gulf of Mexico and a shut-in at its largest field have hit its operations, causing an earnings drop.
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Business briefs
Transurban has appointed a new non-executive board director, Petsec will incur write-downs and a pay TV eceutive has had his pay slashed,
July 2010
GoM regulations to delay Petsec projects
Petsec Energy Ltd says tighter regulations in the United States' Gulf of Mexico in the wake of the BP oil spill will cause delays to Petsec's oil and gas projects and push up costs.
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Petsec reduces forecsats
Oil and gas explorer and producer Petsec Energy Ltd has reduced its 2010 production and revenue forecast to about 4.0 Bcfe (billions of cubic feet equivalent) and $US28 million ($31.94 million) respectively.
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April 2010
Entek wins more Gulf leases
The junior oil explorer has been confirmed as the high bidder on two blocks in the US Gulf of Mexico.
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- Edited by Jamie Freed and Sarah Thompson
October 2009
Miner's improvements provide solid base
Perilya (PEM) Significant improvements under a new operating plan helped the base metals miner come close to reaching its production guidance during the quarter ending September 30, which it achieved despite a power outage during the period
- David Ciampa
July 2009
Hope in joint venture
The junior oil and gas company is looking east to help arrest its declining production and profits
- Brendon Lau
Petsec Energy (PSA)
The junior oil and gas company is looking east to help arrest its declining production and profits
- Brendon Lau