Shares: Taking Stock

Click to follow
The Independent Online
Emerald Energy's Colombian cliff-hanger continues. Because of mud its long drill at its Chawina site will drag on for up to another 15 days. The company says oil and gas shows have been encountered but mud has forced it to side track some of its bore hole. The shares eased 0.25p to 7.75p with turnover put at 11.5 million. Emerald says it is "very encouraged" with its progress.

A boardroom row has erupted at Radius, the computer systems and maintenance group. Ernest Sharp, once a joint managing director at Grand Metropolitan, has called a shareholders meeting to oust chairman Michael Roberts and chief executive Philip Kelly. Mr Sharp, with a 10 per cent stake, intends to resign if he is defeated. Radius shares held at 32p. They have been 65p in the past year.