Investor Update: Solo Oil to rebrand as it acquires new producing Dutch assets

Headlines from the Proactive UK newsroom.

Solo Oil (LON:SOLO) has taken a major change of direction with the acquisition of a chunk of natural gas assets in the Dutch North Sea from One-Dyas. The deal involves an upfront payment of €30.1mln in debt and equity. 

Falcon Oil & Gas (LON:FOG) has spudded the first appraisal well in the Beetaloo Sub-Basin in Australia. It is the first well in a stage 2 drilling programme to target the Kyalla shale liquids rich gas play. 

Capital Drilling (LON:CAPD) has won a contract with Allied Gold to provide a full range of mining services to the Bonikro Gold Mine in the Ivory Coast.  Capital Drilling has also invested US$3mln into Allied. 

Anglo French B&Q owner Kingfisher has appointed a Dutch national as its new chief financial officer. Bernard Bot previously worked as CFO at Travelport Worldwide and Aer Lingus. 

Ladbrokes Coral owner GVC has raised its underlying profit guidance for this year by 3% as online betting growth continues to offset the slide in traditional bookies outlets. Profits for the year are now forecast to come in between £670mln-£680mln.


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