No new money: KNOC
KNOC has confirmed it will not put any more money on the table to try and complete its hostile £1.67 Bn (US $2.57 Bn) takeover of Dana Petroleum.
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BG boosts earnings
Published 28.07.2010 10:13:31 by John Bradbury
Britain's BG Group boosted its earning by 19% year on year in the second quarter Second quarter income was US $1.532 Bn, up 6% from $1.448 Bn last year while the figure for the first half was up 8% to $3.527 Bn from $3.272 Bn.
BG reported earnings fro the second quarter up 19% to $899 m from $754 m in the same period last year, and for the first half the figure was $2.019 Bn, up 16% from $1.742 Bn in 2009.
Chief executive Frank Chapman was in no doubt his company has performed well. “These are good results,” he declared, “...accompanied by continued progress with the delivery of our growth plans.”
Chapman pointed to the further appraisal success the company has had in the Santos Basin, offshore Brazil, “...and production from our first permanent production facility on Tupi is expected later this year. In Australia, our total reserves and resources are now 2.9 billion boe, and we remain on track to sanction the QCLNG project later this year. We have substantially increased our total US shale gas reserves and resources to over 1.3 billion boe,” the BG chief added.
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