Financial Times FT.com

BG Group drill joy overshadows BHP’s offer

By Neil Hume and Robert Orr

Published: November 8 2007 08:01 | Last updated: November 8 2007 20:44

It was not just miners that enjoyed strong gains Thursday. BG Group was also in demand after another successful drilling report from Brazil.

Shares in the oil and gas exploration company jumped 9.8 per cent to a record high of 989p on news that the giant Tupi field, which is located off the coast of Rio de Janeiro, contained 5.8bn barrels of recoverable reserves.

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