Aug 13 2012 @ 06:45
Edge Resources Inc. (
LSE:EDG) has just turned a zero-value asset into a new oil field. In a statement released today, Edge said it discovered a new pool to the east of its Primate project in Saskatchewan, Canada after drilling two wells that gave at least 12 metres of formation sands each, enough to merit 3D […]
Aug 13 2012 @ 03:45
Russia-focussed oil and gas producer PetroNeft Resources (
LSE:PTR) has commenced drilling the first of the ten-well development programme at its Arbuzovskoye oil field and expects to put them into production by next month, September, the company announced today. The plan has been in place since it was approved last November 2011 and Petroneft has stated […]
Aug 10 2012 @ 06:15
US-focussed explorer Caza Oil & Gas Inc. (
LSE:CAZA) said revenue for the second quarter increased, as production improved by new wells brought into operation, despite a drop in the price of oil. In a statement released today, Caza reported over US$1 million revenue, about a third more for the same period a year ago, total […]
Aug 09 2012 @ 09:53
I have never tipped – or that I can remember – written about AIM listed oil and gas company Sefton Resources (
LSE:SER) and nor have I bought any stock in this penny share hopeful. The history of companies seeking to explore or produce hydrocarbons in the US but listing on Aim is so dire that […]
Aug 09 2012 @ 09:00
Petroceltic International plc (
LSE:PCI) said today, it is now ready to provide the Algerian Government all the necessary documents to support its bid for a 30-year exploitation permit for the Ain Tsila field in Algeria. In a statement, Petroceltic said the parties to the Isarene Production Sharing Contract, has agreed to a Formal Declaration of […]
Aug 08 2012 @ 08:57
The company shares of Falkland Oil and Gas (
LSE:FOGL) are showing strong determination to keep going up. The long-term trend on the company price chart has been bullish; despite the turbulent past. The price has become inebriated by incessant bullish pressure. A potentially new phase of the dominant trend has been identified and would be […]
Aug 08 2012 @ 07:30
Max Petroleum plc (
LSE:MXP) has found a white knight to fund its already over-budgeted exploration programme in Kazakhstan, thanks to one of the company’s driller, Zhandros Drilling LLP, who agreed to carry on exploration activities for the company in exchange for nearly 10% of the oil and gas explorer’s current issued capital. In a statement […]
Aug 07 2012 @ 05:42
43 billion cubic feet of gas sounds like a lot. I am sorry to say that it is not as vast as it sounds. In fact it is rather small (call it 750,000 barrels of oil). This is the Tosca-1 well where AIM listed Northern Petroleum (
LSE:NOP) has announced that it has now started drilling. It […]
Aug 07 2012 @ 03:14
I note that yesterday, the stock price of AIM listed Falklands Oil & Gas (
LSE:FOGL) jumped by 10.25p to 85.25p ( a gain of almost 14%) after it announced that it had spudded its first well in the South Atlantic as it always said that it would do in August. To be fair there was […]
Aug 06 2012 @ 07:45
Falkland Oil & Gas Limited (
LSE:FOGL) has signed in a new partner in its exploration in the Falkland Islands in a contract that is estimated to be worth between US$180 and $230 million in the next three years, the company said today. Noble Energy Falklands Limited, an affiliate of NYSE-listed Noble Energy, Inc. (
NYSE:NBL), entered […]