Email from BSP Capital:
LOCAL STOCKS
Thursday had the local shares finished unchanged, as CGA ended at K1.00 whilst the offers closed at K0.99. NBO finished at K9.42 while in London it saw trades at STG2.02 with a reasonable volume. IOC fell nearly 5 percent to US$19.80, but is expected to soar with more positive news from its Antelope-1 well.
On the exchange today has sellers lined up for OSH at K8.50 and CPL as low as K2.50.
PNG NEWS
CPL: City Pharmacy Limited announced yesterday of the appointment of Mr. Ravi Kant Singh as the new CEO.
IOL: InterOil yesterday reported that they have appointed MR. Wayne Andrews as the Vice President of Capital markets.
IOL: InterOil announced its initial logging results from the Anteleope-1 well that it has successfully logged 2,005 feet of the reservoir in the Antelope reef structure. This is to date, the largest vertical section of continuous reservoir of gas and gas liquids in PNG.
LOCAL STOCKS
Thursday had the local shares finished unchanged, as CGA ended at K1.00 whilst the offers closed at K0.99. NBO finished at K9.42 while in London it saw trades at STG2.02 with a reasonable volume. IOC fell nearly 5 percent to US$19.80, but is expected to soar with more positive news from its Antelope-1 well.
On the exchange today has sellers lined up for OSH at K8.50 and CPL as low as K2.50.
PNG NEWS
CPL: City Pharmacy Limited announced yesterday of the appointment of Mr. Ravi Kant Singh as the new CEO.
IOL: InterOil yesterday reported that they have appointed MR. Wayne Andrews as the Vice President of Capital markets.
IOL: InterOil announced its initial logging results from the Anteleope-1 well that it has successfully logged 2,005 feet of the reservoir in the Antelope reef structure. This is to date, the largest vertical section of continuous reservoir of gas and gas liquids in PNG.
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