BG. Gas prices over 14% up recently with more to come - global LNG expanding and further exploration rights --- about to break out.

http://www.moneyam.com/action/news/showArticle?id=989336

dikytree.

Yes, as is usual, the bidder's sp takes a bit of a drop, while the target company's sp takes a nice boost:

"LONDON (Thomson Financial) - Shares in BG Group Plc. fell after it launched a $12 billion all-cash takeover bid for Australia's Origin Energy Ltd., overshadowing the UK natural gas producer's forecast-beating first quarter earnings.

BG offered to pay A$14.70 for each Origin share, 40 percent above the group's Tuesday closing price. It plans to use debt and existing cash to finance the acquisition.

Origin, Australia's second-largest energy retailer, said it has not yet considered the proposal and discussions with BG are to take place shortly.

At 1.25 p.m., BG shares were down over 5 percent at 1,241 pence following the bid, which Dresdner Kleinwort described to be an 'aggressive step up' in BG's Australian ambition.

Given the scale of the offer, investors are waiting for a 'convincing explanation' from BG, the broker said."

Finished up !, (a fraction), great stock this...I'm repeating myself but can see this hitting 15 during the summer and then later 20 when the Brazilian assets are flow tested !

LONDON (Thomson Financial) 13.06.08 - "BG Group Plc said it has found more oil in the deep water Santos Basin in Brazil.

The well, known as Guara, encountered oil within the BM-S-9 concession area, it said.

This followed the first oil strike, called Carioca, at the site announced in September last year. BG holds a 30 percent stake the project, along with operator and 45 percent shareholder Petrobras, the Brazilian state-run oil company. Spain's Repsol holds the remaining 25 percent.

'Together with our partners, we will now continue to advance our evaluation and development programme, targeting initial production from the pre-salt Santos Basin during 2009,' said Frank Chapman, BG chief executive.

Further assessment of the well will be carried out to determine the scale and characteristics of the reservoir. Once this is completed, an evaluation plan will be submitted to Brazil's National Petroleum Agency, BG said."

Another stupendous result from British Gas, my "stock of the year" for me, sp should be over 15 not below 13 !.

BG Group's Chief Executive, Frank Chapman said:
'I am delighted to report that BG Group has delivered another strong business performance and continues to create material value through our exploration programme with successful results in Brazil, Algeria, Norway, Trinidad and Tobago and the UK.'

And yet upon posting of good interim results, the sp drops 6% in a couple of hours!
Another case of buy on rumour, sell on fact?

Impressive results once again....will be 20 one day this stock....buy and tuck away for some time this one !.

yes required field.....main oil producers seem to be getting attacked whether its tullow, pmo etc....all are doing well so suppose market just bashing it as they been doing too well.

probaly after summer, this will all change again and sp will go up for all these companies

LONDON (Thomson Financial) - "Shares in Galp and BG Group are expected to go higher in opening deals after news that a second well has been confirmed in the the Santos Basin next to the much celebrated Tupi well in a block offshore Brazil.

London based traders said BG is expected to go 40 pence higher on the news.

Lisbon brokers said the news is 'obviously very positive' for the pair, which owns a 10 percent and 25 percent stake in the block respectively."

Another fantastic result....(after this I think BG. should move down to the Falklands.....they are on a run here !), I could curse the pullback in the oil price....I must be one of the few that wants it to rise !.

Another discovery....this stock should be way higher !.

It's a huge company with %age stakes in lots of fields, so any discovery is absorbed in to the whole picture, unlike the little AIM explorers who only have a couple of drilling programs at any one time.
Oil price is also weakening a little against a stronger $.
A good stock though, imo, with good income & scope for capital growth. Worth holding on to.

Yes Harrycat....large company....but they keep on making great discoveries....the market at the moment for oil companies is not that good....I have not put a trade through for ages now.....need some profits from existing positions.

BG....recoiled spring possibly ?.

Rumours of an interest from Exxon Mobil.

I'm now in, BG is based only four miles away from where I live and over the last year or so I've had the good fortune to meet many of their staff from all over the world . I've driven some of their top guys around and can also say what a fantastic company this is, they really look after their employees. Investors Chronicle is also a big fan of BG , and the fact that their top execs have been buying shares recently must be a good sign .I'm not really an expert in the oil and gas exploration field but find it a fascinating one !

When was the last time we had BG. down 10% in a day.

Unheard of I'd thought. This is either a bottoming clear-out or the SM is on the point of collapse.

Next few days will tell us.

Sit tight, imo. Possibly worth a top up near the 800p level. (currently 873p)

Results Highlights.

Highlights
* Record earnings per share up 74% to 91.6p for the full year
* Cash generated by operations up 70% to GBP6 274 million for the full year
* Full year dividend increased by 20% to 11.23p
* 2P reserves increased by 64%; total reserves and resource base increased by 31%
to 13.1 billion boe
* LNG total operating profit up 204% to GBP1 585 million for the full year
* Queensland Gas Company resource base increased from 7 tcf to 11 tcf

BG Group's Chief Executive, Frank Chapman said:
"BG Group has delivered record results this year with strong performances in E&P
and LNG. Major reserves and resources additions were achieved, with 2P reserves
up 64%. There was transformational strategic progress in Australia and Brazil;
two ventures that will support BG Group's growth over the next two decades."

Business Financial Newswire
"BG Group has agreed an alliance with oil and gas explorer and producer EXCO Resources to develop US shale gas.

BG Group has acquired a 50% interest in 120,000 net acres in east Texas and north Louisiana.

Of these, 84 000 net acres cover the Haynesville shale gas formation, a substantial proportion of which lies within the prolific Harrison County, Texas and DeSoto and Caddo Parishes, Louisiana.

EXCO has completed eight horizontal wells in DeSoto Parish with an average initial production rate in excess of 23 million standard cubic feet per day (mmscfd).

A consideration of US$1,055m equates to approximately US$0.40 per thousand standard cubic feet (mscf).

This comprises US$655m on completion plus US$400m to be paid as a carry of 75% of EXCO's future costs to develop the Haynesville shale gas.

BG has also agreed to negotiate to acquire a 50% interest in related and complementary EXCO gas-gathering and transportation assets for US$249m. "

Half yearly report