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UK smallcap opening - Oilex up on drilling update


Published :
Tue, 16 Oct 2007 08:39
By : Agencies
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LONDON (Thomson Financial) - Buyers came for Oilex, 3 pence up at 76-1/2, as the oil and gas explorer set a casing at a depth of 205 metres at the Pendalian-3 well in the West Kampar region of Central Sumatra, Indonesia.

It has also started the preparation for drilling the Bhandut-2Z sidetrack well in India.

Punters had a go at Smallbone, 2-1/4 ahead at 100-1/4 following news that Toscafield, the vehicle of investor Maryin Huughes, has taken a 6.68 pct stake in the luxury kitchen and furniture retailer.

And Next Fifteen Communications advanced 2 to 89 after the global public relations consultancy revealed a 49 pct increase in full-year profits and said it is optimistic about the prospects for this fiscal year.

tf.TFN-Europe_newsdesk@thomson.com

fjb/slm

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Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.




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