Desire tests the waters in the city

Article Abstract:

Desire Petroleum is carrying out a stock flotation. The company owns two exploration licenses in the Falkland Islands, and has a 25% stake in a further two. There is no certainty of petroleum in the acreage wholly-owned by Desire, and even if petroleum is found it is not certain that a good flow rate can be achieved. Desire also shares acreage with Lasmo and drilling is scheduled to start on nearby acreage in May 1998, by Amerada Hess. Success for Amerada would push up Desire's stock price.

Desire Petroleum Ltd.

---

KBC Advanced Technologies: refining profits

Article Abstract:

KBC Advanced Technologies focuses on helping petroleum companies improve their refineries' performances. The company has developed software for establishing benchmarks for refineries. KBC's clients include Texaco and Mobil, and 49 refineries of 701 world wide use KBC. The company plans a share issue and a prospectus is to be launched at the end of Feb 1997. The company is likely to be valued at 70 million pounds sterling with the stake held by the founders valued at 28 million pounds.

Prepackaged software, Computer Software, Software Publishers, Software, KBC Advanced Technologies Inc.

---

Two buyers for BP

Article Abstract:

British Petroleum reported results that were better than expected for 1st qtr 1996. The company has benefited from a rise in price for crude petroleum and operating profit from marketing and refining has also risen. A survey of the view of six brokers found four holders and two buyers for the company's shares. The buyers are Goldman Sachs and Societe Generale Strauss Turnbull, while the holders are Merrill Lynch, Hoare Govett, BZW and NatWest Securities.

British Petroleum Company p.l.c

Similar abstracts:

• Abstracts: Insurance mergers are on the cards. Choosing a direction. Life insurers in the doldrums
• Abstracts: There's light at the end of the Eurotunnel. Floundering in a sea of debt. How to escape from a black hole
• Abstracts: Wall Street: on the line. US economy: earnings alert. Wall Street prepares for a profits squeeze
• Abstracts: Societies debate mortgage deal. Building society conversions: itchy money
• Abstracts: Perpetual. Monitoring portfolio performance. How objectives are met

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.