Afren (AFR)

 

Oil, Gas Roundup

BG Group (LON:BG.) has confirmed that the recommended cash and share offer for the company to be made by Royal Dutch Shell (LON:RDSB) has received unconditional merger clearance from the Brazilian competition authority (CADE).

The unconditional clearance follows CADE's initial approval of the combination on 8 July 2015, and the expiry of the 15 day period during which CADE's decision could be appealed.

The approval is one of the five regulatory clearances that are pre-conditions to the combination and this is the first precondition to be satisfied. Other pre-conditional approvals are required from Australia (anti-trust and foreign investment), China (anti-trust) and the European Union (anti-trust).

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Sterling Energy (LON:SEY) has swung to a FY pretax loss of $1.45m, against a year-ago profit of $1.68m. Revenue was $3.6m, from $9.1m.

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Afren (LON:AFR) has confirmed that the general meeting scheduled to take place on Friday was adjourned indefinitely.

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San Leon Energy (LON:SLE) long-standing non-executive director Jeremy Boak has resigned after accepting a position as director of the Oklahoma Geological Survey at The University of Oklahoma. In this role he will be unable to act as a director of an oil and gas company.

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Ascent Resources (LON:AST) has issued 244,392 new ordinary shares at 0.1p apiece following a notice of exercise to convert 217 convertible loan notes of £1 each which were issued in May 2013 as part of an open offer to all shareholders.

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The sector's biggest riser was Leed Resources (LON:LDP) - up by more than 33% - while the biggest faller was Egdon Resources (LON:EDR) - down by more than 12.1%.

At 4:08pm:

(LON:AUR) Aurum Mining PLC share price was +0.01p at 1.13p

(LON:BG.) BG Group PLC share price was -7.25p at 1028.25p

(LON:BOR) Borders Southern Petroleum PLC share price was +0.01p at 3.63p

(LON:CHAR) Chariot Oil Gas Ltd share price was -0.13p at 8.1p

(LON:DGO) Dragon Oil PLC share price was -1.5p at 718.5p

(LON:ENQ) EnQuest Plc share price was -3.25p at 36.75p

(LON:FOGL) Falkland Oil Gas Ltd share price was -2.75p at 22.75p

(LON:GKP) Gulf Keystone Petroleum share price was -1.5p at 32.25p

(LON:GPX) Gulfsands Petroleum PLC share price was +0.01p at 9.13p

(LON:INDI) Indus Gas Ltd share price was -6.5p at 100p

(LON:PET) Petrel Resources PLC share price was +0.01p at 2.88p

(LON:RDSB) Royal Dutch Shell share price was -11.75p at 1758.25p

(LON:RKH) Rockhopper Exploration PLC share price was -2.37p at 61.13p

(LON:RPT) Regal Petroleum PLC share price was 0p at 5.02p

(LON:SEY) Sterling Energy PLC share price was -0.25p at 17.25p

(LON:SLE) San Leon Energy PLC share price was -0.25p at 67.88p

(LON:XEL) Xcite Energy Ltd share price was +0.25p at 31.5p