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ISEQ and Company Update, 18-Dec-2009

Posted by Senan Coleman | 18 December 2009

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Market update

ISEQ Week Open: 2927.09, Week Close: 2927.19

DCC

• The business support services group, has agreed to acquire the entire issued share capital of Brogan Holdings Ltd ("Brogans"), a leading fuel distribution and fuel card business in Britain. Brogans, which is headquartered in Motherwell in Scotland, operates from 15 fuel distribution depots in Scotland and the north of England while its fuel card business also has an office in Canterbury in the south of England.
• Source: http://www.dcc.ie/dcc/news/rns/rnsitem?id=1260774008nRSN0439Ea

Elan

• Company has announced trial modifications to a drug it is developing for the treatment of Alzheimer's following the death of several patients.
• Source: http://ir.elan.com/phoenix.zhtml?c=88326&p=irol-newsArticle&ID=1365793&highlight=

Tulow Oil

• Announces that it has finalised arrangements for a US$250 million new revolving credit facility. The new debt facility will supplement Tullow's existing reserve based lend debt arrangements, providing additional funding capacity and flexibility for the Group's future capital programmes.
• Source: http://www.tullowoil.com/tlw/ir/newsevents/rns/rnsitem?id=1260889206nRSO1585Ea

Petroceltic International

• Announces it has signed a Farm-in Agreement with Vega Oil to increase its participating interest in permit B.R268.RG, which includes the Elsa discovery, offshore Italy, from 40% to 70%. Petroceltic will also assume operatorship of the Permit. Vega will retain a 30% interest.
• Source: http://www.petroceltic.ie/pci/investor_relations/regulatory_news/rnsitem?id=1261033221nRSQ2676Ea

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