Falkland Oil & Gas (LON:FOGL) is engaged in negotiations to secure a deep-water rig to drill in its South Falklands Basin acreage.
The company also said that site survey for its 100% owned southern licences is set to commence in H1 2011 and that 1,300 kilometres of 2D seismic may be acquired to assist with prospect definition and selection of drilling locations.
Faroe Petroleum (LON:FPM) has been offered three new prospective licences in the Norwegian Sea under the 2010 Norwegian APA Licence Round.
HMV Group (LON:HMV) said that following the peak trading period, credit insurers are reviewing the level of cover they provide on the group.
“Whilst this has resulted in the reduction in the availability of credit insurance to certain of the company's suppliers, our business remains a core channel to market for them.
“We continue to maintain excellent relations with our suppliers and have had no difficulty in obtaining stock,” said HMV.
William Hill (LON:WMH) said that retail turnover rose 4% in December and 8% in the fourth quarter of 2010. Retail over-the-counter (OTC) gross win margins in the quarter at 19% were above the group's normalised range.
Bahamas Petroleum (LON:BPC) announced that the M/V Osprey Explorer vessel has arrived in the Islands and has commenced acquisition of close grid 2D seismic on the company's four southern licences.
Red Rock Resources (LON:RRR) noted the announcement made by its 5.23% owned associate Jupiter Mines Limited (ASX:JMS) today, in which JMS announced the completion of the first phase of the planned drilling program at JMS' Mt Ida Magnetite project.
Red Rock maintains a 1.5% gross production royalty in Mt Ida.
JD Wetherspoon (LON:JDW) said that for the first 12 weeks of the second quarter like for like sales increased by 3%, while total sales for the same period increased by 8.1%. In the year to date, like for like sales increased by 2.3% and total company sales, including recently opened pubs, increased by 7.7%.