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Beach Petroleum Limited (ASX:BPT) Sells Its 40% Stake In Tipton West For Up To A$400 Million

🕔4/3/2009 9:57:00 AM 5900

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) is set to realise proceeds of up to A$400 million from the sale of its non-core coal seam gas (CSG) assets in Queensland to its joint venture partner, Arrow Energy Limited (ASX:AOE).

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Australian Market Report of March 25: Buying Spree Ends

🕔3/25/2009 1:00:58 PM 20394

Yesterday the Australian shares ended modestly higher despite a strong lead overseas. The market in late trading gave up some of its early gains as investors started to pocket their profits in recent rallies. The benchmark S&P/ASX200 index was up 0.8%, or 29.7 points, at 3580, while the broader All Ordinaries index rose 1%, or 34.2 points, at 3517.3. Today resource stocks may decline after metals prices fell.

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Australian Market Report of March 16: End of the Bear Market?

🕔3/16/2009 1:00:00 PM 16610

On Friday the Australian stocks posted a strong gain with financial sector soaring 5.3%, capping the best week for the market in three months. The benchmark S&P/ASX200 index ended 3.4% higher, or 109.7 points, at 3345.2, while the broader All Ordinaries index was up 3.3%, or 104.3 points, at 3294.7. The ASX200 rose 6% for the week. But analysts say that it is too early to say the bear markets end, although the US banks delivered turnarounds.

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Australian Market Report of March 4: Immunity to Unfavorable News

🕔3/4/2009 1:00:55 PM 14530

Yesterday the Australian market proved defiant and held its ground despite massive falls in the US, according to CMC Markets. Interestingly, the share market didn't react too much to the interest rate decision.

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Australian Market Report of February 27: Contrasting Worlds From Announcements

🕔2/27/2009 1:30:19 PM 15770

Yesterday the Australian shares posted a modest gain as the market saw the rising oil prices and increased optimism about the outlook for commercial banks. The benchmark S&P/ASX200 index rose 18 points, or 0.54 per cent, at 3345.5, while the broader All Ordinaries index was 15.9 points higher, or 0.48 per cent, to 3297.4.

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Australian Market Report of February 12: Expectation on Rio's Deal

🕔2/12/2009 1:00:16 AM 23025

Yesterday the Australian share market weathered the bad lead from Wall Street and ended with a modest drop. The benchmark S&P/ASX200 index closed down 0.4%, or 14.3 points, at 3474.4, while the All Ordinaries fell 0.3%, or 10.5 points, at 3418.1. Today traders are expecting Rio Tinto's earnings report with a profit increase and details of the talks with Chinalco over the A$30 billion cash injection deal.

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Asian Markets Overview of February 11

🕔2/11/2009 3:00:33 PM 18460

Today the major indexes in Asia have been hit by the unfavourable news from the US. Asian share markets ended mixed yesterday indexes moved up and down in a narrow range. Shanghai continued its rally over government stimulus measures with a rise of 1.8 percent, and also led the Hong Kong shares up 0.8 percent. Tokyo and Seoul markets closed slightly lower as market was weighed down by the worries over the US rescue plan.

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Australian Market Report of February 10: Subdued for the Fate of US Rescue Plan

🕔2/10/2009 1:00:11 PM 20249

Yesterday the Australian shares closed higher led by banks and the resources sector. The benchmark S&P/ASX200 index rose 38.7 points, or 1.12 per cent, at 3508.6, while the broader All Ordinaries gained 38.3 points, or 1.12 per cent, at 3445.8. The market is expected to be quiet when investors await the details of the US rescue plan.

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Australian Market Report of January 22: Helped by Short Selling Ban

🕔1/22/2009 1:00:28 PM 17124

Yesterday the Australian stock market ended the day lower, led by financial stocks, on renewed worries about banking industry worldwide. The benchmark S&P/ASX200 index was down 1%, or 33.8 points, at 3442.8, while the broader All Ordinaries index was lower by 0.9%, or 30.2 points, at 3394.8. Regulator ASIC's move to extend a ban on covered short-selling of financial securities would give a positive lead to the banking industry.

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Arrow Energy Ltd (ASX:AOE) Signs MOU with India's Oil and Natural Gas Corporation Limited (ONGC)

🕔1/15/2009 1:39:30 PM 2591

The Directors of Arrow Energy Ltd (ASX:AOE)(PINK:ARWEF) are pleased to announce that Arrow has signed a Memorandum of Understanding with Indian government owned ONGC Limited to cooperate in Coal Bed Methane (CBM).

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    Principal Sector
  • Energy 
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  • Energy 
  • Listed
  • 2000/08/17