Oil and Gas

Xcite Energy stock (LSE:XEL) is bearish in outlook, and there is no hope of a significant recovery right now. When the market rallies, it would simply proffer opportunities to sell short. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is […]

Positive Drilling Update Offshore Nigeria MX Oil plc, the AIM quoted oil and gas investment company, has been advised by its partners that the Aje-5 well in the proven Aje Field on licence OML 113 offshore Nigeria, has reached targeted depth of 3,255 metres (measured depth) and has intersected hydrocarbon bearing intervals in line with […]

What are the details? BP and OMAN INTERNATIONAL PETROCHEMICAL INDUSTRIES COMPANY (OMPET) (a joint venture between Oman Oil Company, LG International Corp and Takamul Investment Company) have entered into a licensing agreement for BP’s latest generation purified terephthalic acid (PTA) technology. OMPET intends to build a 1.1 million tonnes per annum (tpa) unit at Sohar, […]

Positive Test Results from LM#20 Well, Shoats Creek Northcote has announced test results for the Lutcher Moore #20 well (LM #20) at Shoats Creek Field, Beauregard Parish, Louisiana in which it owns a 93% working interest, of 260 barrels of oil and 500 mcf of natural gas per day (or 340 barrels of oil equivalent […]

Issues 2015 Q2 results STEALTHGAS INC. (NASDAQ:GASS), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the second quarter ended June 30, 2015. Second quarter 2015 Results: – Revenues for the three months ended June 30, 2015 amounted to […]

Thank you, Monty Python, for the title – one that is sorely needed at the moment. People need to think about something other than the market correction set off by concerns out of and about China. We can’t afford to all be in a dither. It has been exciting for the global economy to seem […]

The darling stock of the bulletin boards is (LSE:LGO) LGO Energy, but the transformational time for them is coming to an end. The share price is now way off highs last year of 6.95p (which gave the company a laughable market cap of over £200 million) and is now at 1.3p (a still overvalued £40m […]

Production Update & Reserve Report Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, has provided an update on current production and an independent Reserves Report as at 1 June 2015, on its leases in US onshore formations such as the Woodford and Mississippi Lime, Oklahoma, and the […]

Oil & Gas Update Rose Petroleum plc, the AIM-listed (AIM: ROSE) natural resources company, has provided an update on its activities onshore US. Earlier this year Rose announced that it had commenced the process of permitting six well locations in the Mancos Formation in the Uinta Basin, Utah. However, in consideration of the oil price […]

It might have been a better day for Glencore’s (LSE:GLEN) share price and the FTSE 100 if the former had not had to publish its Q2 and H2 operations and financial report. The mining giant’s share price dropped by 9.74% to close at 158.95, continuing a decline that began a year ago on 25 July […]