Sydney - Monday - July 18: (RWE Australian Business News) - ************************** Some share price moves to keep an eye on in the market: LOUISIANA PETROLEUM (LOU) up 5.5c to 37c: Joined the lists on Friday. Issue price was 20c. The company has acquired a production portfolio of petroleum assets in the Caddo Pine Island Field in northern Louisiana, USA. The field was discovered in 1905 and more than 16,000 wells have been drilled there, producing 400 million barrels of oil. FORTESCUE METALS (FMG) up 15c to $2.70: Announced after the close on Friday that it had lifted its Cloud Break and Christmas Creek resource estimates to takes total resources to 2.12 billion tonnes. NEW HOPE (NHC) up 5.5c to $1.33: Today announced a 160 per cent rise in net profit for the 10 months to May, reflecting higher export coal prices. AUSTRALIAN WORLDWIDE EXPLORATION (AWE) down 9.5c to $1.87: Origin Energy, operator of the BassGas Project, today warned significant additional rectification work would be required at both the onshore plant and offshore platform. Origin was down 2c to $7.22. RINKER (RIN) up 70c to $14.53: New record high follows news of a 62 per cent rise in net profit to $US181 million in the June quarter. DEEP YELLOW (DYL) up 2.5c to 14.5c: Has agreed to acquire two uranium properties from Paladin Resources and A1 Minerals. Deep Yellow has also sold its interest in the Mikado goldmining lease, making it a fully focused uranium player. A1 Minerals was up 3c to 26c. CARTER HOLT (CHY) up 14c to $2.25: Follows Friday evening announcement that Carter Holt had agreed to sell 94,600 hectares of forest for a total of $NZ441 million. Carter Holt is scheduled to announce its interim results later this week. SOMNOMED (SOM) down 5c to 29c: Reacting to a two-day surge of 13c. Somnomed said on Friday that it had been granted approval by the FDA to market and sell its snoring and sleep apnoea product in the US. VENTRACOR (VCR) up 7.5c to $1.50: Went as high as $1.54 after announcing the first US implant of its heart assist device. GLOBAL APPROACH (GLO) up 1c to 9c: Today said its EBITDA loss for the year would be better than expected at around $60,000.
