After graduating with first class honours in economics from Lancaster University in 2006, Jamie spent a number of years as a private client equity dealer gaining front-line experience in the investment industry during the most fast paced and volatile period in financial history. Having acquired an insight from both professional and individual investors, Jamie joined Proactive’s growing editorial team in 2009.
SDX will now move to test the gas discovery, before updating investors on the size of the new find.
WH Ireland's target suggests some 150% upside to the current price of 9.29p.
Origin’s stake in the project doubles to 70% while Falcon retains its 30% stake and all of its entitlements from the 2014 farm-out deal.
Deals in the first few months of 2017 open up the company to new opportunity and new capital.
Chief executive Paul Welch said the start of the year brought good momentum, and added that the company looks forward to capitalising on the opportunities ahead.
Falcon said it ended its first half in a strong financial position, with US$10.1mln of cash and no debt.
The Canadian company, which also owns theTeletubbies, told investors it expects the acquisition to increase its pro forma revenues by 52%.
Well 144 is planned to drill down to 2,500 metres, with the target at a depth of 2,200 metres.
Green light or fracking ban: Falcon has had great success but the future is binary (and politically charged).
Sound Energy shares have already climbed more than 250% since early July, but according Cantor's upgraded target there remains plenty of upside.
FireEye, TripAdvisor, Kraft Heinz, Priceline, Apache, Newfield Exploration all got attention from analysts.
Newmont Mining, Barrick Gold, Kinross, Keryx Biopharma, Kroger ans Home Depot were in focus for brokers on Tuesday.