Oil and Gas

Preliminary Results of the Wressle-1 Well, onshore UK Europa Oil & Gas plc, the AIM quoted oil and gas exploration and development company with a combination of producing and exploration assets in Europe, has announced preliminary results of the Wressle-1 conventional exploration well (`Wressle well’) in Lincolnshire which was drilled to a total depth of […]

A 37.5% working interest Northcote (LSE:NCT) has agreed to acquire a 37.5% working interest in the Alta Loma Field from Springer Oil & Gas LLC . The Alta Loma Field is a 444 gross acre (net 167 acres) property located in Galveston county, Texas and is operated by Frankfurt Stock Exchange listed Activa Resources AG […]

BG International Becomes Sixth Oil and Gas Major to Join POS-GRIP ‘HGSS’ New Subsea Wellhead Design Development Joint Industry Project Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP method of wellhead engineering, announces that BG International Ltd, a subsidiary of BG Group, has signed up […]

Sale of Non-Core Assets in Alabama, Texas and Florida Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, has announced the sale of 24 smaller interests in non-core wells for a total consideration of US$240,750, a 190% increase on the US$83,000 value assigned to the combined proved and […]

PL601 and PL602 located in the Norwegian Sea Atlantic Petroleum (NASDAQ:ATLA) is pleased to announce that Atlantic Petroleum Norge has acquired Ithaca Petroleum Norge’s 10% interest in production licences PL601 and PL602 in the Norwegian Sea. The agreements are subject to government approval. The transaction is a result of Atlantic’s strategic focus in this area. […]

GULF KEYSTONE SHARES RALLY The shares (LSE:GKP) were trending downwards till the early part of August 2014. That was when the price hit a rock bottom around the demand level at 60.00. After this, the price begins to rally – something that is still valid up till now. In the chart, the price broke above […]

Trade like an Egyptian BP Egypt today announced first gas from the DEKA project offshore Egypt with the start of production from the Denise South-6 well at an initial rate of 50 million cubic feet per day (mmscf/d). The DEKA project is centred on the Denise and Karawan gas fields in Temsah Concession in the […]

The share price of Circle Oil (LSE:COP) jumped nearly 30% today on the news of a major oil find about 120 km off the coast of Tunisia. Shares closed Monday at 17.75. Institutional investors took most of the gain in pre-trading following the announcement, with Circle’s shares opening today at 21.75, gaining modestly throughout the […]

Not reserved about it. Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, has received an independent Reserves Report covering its leases in proven formations such as the Woodford and Mississippi Lime, Oklahoma, and the Bakken and Three Forks Sanish, North Dakota, as at 1 July 2014. In […]

The bullish attempt on Kea Petroleum stock (LSE:KEA) came to an abrupt end as the price gaps down massively. This has led to a new Bearish Confirmation Pattern in the chart. Following the strong gap-down, the ADX period 14 goes towards the level 50, showing that the current bias is strong. The DM- just crossed […]