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21:th March
15:00
Mazher Xaleqi
xaleqi.com
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Kurdish Explorers Jump in Celebration
Kurdistannetwork - May 9, 2009
Explorers with fields in Iraq jumped after the Kurdistan regional government said that oil exports from a field close to the border with Turkey would begin on June 1.
The Iraq Government has blocked oil exports from the region while it haggles with the Kurds over how the income is divided. Nevertheless Addax Petroleum rose 180p to £21.53, Heritage Oil lifted24½p to 536½p and Dana Petroleum rose 93p to £14.10. Gulf Keystone Petroleum, which has begun drilling at its field further south, rose 1¾p to 19p, but Sterling Energy, which is expected to begin drilling towards the end of the year, slipped 0.03p to 2.12p.
Business Systems Group jumped 3¾p to 18¾p after it agreed to be bought for 19.11p a share by Advanced Computer Software (ACS), the cash shell set up to consolidate providers of software to GPs and clinics by Vin Murria, who built and sold Computer Software Group. ACS was flat at 36¾p.
Carpathian dropped ¾p to 22p after it rejected a €0.20-a-share bid from New Europe Property Investments.
Zetar, the maker of confectionery and snack foods, rose 36½p to 150p after it said that sales and margins had recovered in recent months. It expects full-year profits to be in line with its budget and growth to continue.
Johnston Press, which has rallied from 6p earlier in the year amid hopes that it would say at its trading update next Wednesday that advertising demand had bottomed out, rose 1¼p to 34¼p. Trinity Mirror, which has figures the same day, rose 13¼p to 77p. Jonathan Barrett, an analyst at Singer, said that both groups may provide the first signs that the advertising slump is past the worse. Figures from Right-move showed no slackening in property advertising demand.
Source: Robert Lindsay - Timesonline
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