Oil and Gas

Second Off-take Agreement to Supply Crude Palm Oil from 60 t/hr extraction Mill in Côte d’Ivoire DekelOil Public Limited, operator and 51% owner of an established vertically integrated palm oil project in Côte d’Ivoire, has announced the commencement of sales of Crude Palm Oil produced from its 60 t/hr extraction Mill to Adam-Afrique, a local […]

Tower Resources shares (LSE:TRP) are a very weak market – a bad market for the bulls. Nevertheless, it is a good market for the bears, who are currently smiling to their banks. It would be a bad decision to go long on this kind of market. Some people know the decisions they want to make […]

Bowleven stock (LSE:BLVN) has been in a long-term downtrend, with the inability to move significantly upwards. Someone who went short last year would have made some easy money. Even novice traders make money when there is a sustained bias that holds out very long. In the chart, 4 EMAs are used. They are EMAs 10, […]

Extended to US$2.75m Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, has announced the borrowing base limit of its Credit Facility has been increased to US$2.75 million from US$2.1 million. This development follows the recent increase in the value of the Company’s net attributable proved and developed […]

MAJOR UPGRADE TO SUGARLOAF AMI RESERVES AND RESOURCES · Proven Reserves (1P) up 54% to 3.54 MMboe · Probable Reserves up 43% to 2.98 MMboe · Proven plus Probable Reserves (2P) up 48% to 6.52 MMboe · Proven plus Probable plus Possible Reserves (3P) of 8.92 MMboe · New 2C Contingent Resources of 3.87 MMboe […]

Nostrum Oil & Gas wants to have a premium listing on the London Stock Exchange and a place at the FTSE index, the Kazakhstan-focused oil and gas producer said on Tuesday. In a statement, the directors of Nostrum plans to admit a newly established holding company on the LSE’s main market as well as on […]

Independent oil and gas exploration and production firm Tullow Oil (LSE:TLW) said two wells being drilled in Kenya have encountered oil. In a statement today, the FTSE100 constituent said the Twiga-2 appraisal well found 62 metres of net oil pay after sidetracking the well from its original drill. Before sidetracking, the well only encountered 18 […]

Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, announces its final results for the year ended 31 December 2013. Highlights: * 48% increase in number of wells on Magnolia’s leases in proven US onshore formations to 149 as at 31 December 2013 (2012: 101) – 140 producing and […]

I you ask me – Thank you. I’m glad you asked. – Gulf Keystone Petroleum’s (LSE:GKP) biggest problems are the pusillanimous pipsqueaks who apparently comprise too large a portion of company shareholders. It seems that, regardless of how much progress the company makes, any hint of negative news engenders a decline in the company’s share […]

Allows them to become 49& shareholer in Al-Maraam. New World Oil and Gas Plc, the AIM quoted oil and gas operating, exploration and development company with projects in Belize and Denmark, announces that further to its RNS on 8 May 2014 regarding the Binding Framework Agreement signed for oil production in Kuwait, has confirmed that […]