Oil and Gas

Magnolia Petroleum (AIM:MAGP), an AIM quoted US focused oil and gas exploration and production company, has released a quarterly update on its operations across proven and producing US onshore hydrocarbon formations, including the Bakken/Three Forks Sanish in North Dakota and Montana, and the Mississippi Lime and the Hunton/Woodford in Oklahoma. Quarter Highlights: · IPRs reported […]

BP have said that 2013 had been its most successful year for new field exploration for almost a decade. During the year, BP has participated in 15 completed wildcat exploration wells which have resulted in seven potentially commercial discoveries, giving a new field exploration success rate of over 40%. Lamar McKay, chief executive of BP’s […]

DekelOil (LSE:DKL), the operator and 51% owner of an established vertically integrated palm oil project in Côte d’Ivoire, has accepted the conversion of four Capital Loan Notes totalling EUR570,000. The Loan Notes will convert into 43,913,713 new ordinary shares of €0.00003367 each in the Company (‘New Ordinary Shares’) at a conversion price of 1.1 pence […]

BP has said all of the major new units associated with the Whiting modernization project have been successfully brought on stream. The start-up of the new 102,000 barrel per day coker in mid-November marked the last major milestone of the multi-year, multi-billion dollar modernization project at the facility in Northwest Indiana. “The safe start-up of […]

BP has announced it has made a “significant oil discovery at its Gila prospect”, which it co-owns with ConocoPhillips, in the deepwater US Gulf of Mexico. This is BP’s third discovery in recent years in the emerging Paleogene trend in the Gulf of Mexico and reflects the company’s ongoing commitment to the US offshore region. […]

Gulf Keystone shares (LSE:GKP), which have long been in some areas of stabilization, are expected to go seriously upwards this year, at least testing the distribution territory of 240.00 again, and possibly going far above it. The condition in the market shows that the price momentum is low. However, there would soon be a breakout […]

It is more probable that Edge Resources (LSE:EDG) shall drop to the support level of 3.0 eventually, even breaking below it. This is a great possibility, for it is not uncommon for the price to sometimes drop like a stone, breaking the so-called psychological demand levels. On the chart, the price is under the EMA […]

Europa Oil & Gas (LSE:EOG) have announced a detailed placing and open offer to raise approximately £4 million. The funds will be used to drill an additional well onshore UK in 2014; to advance the Company’s Irish Atlantic Margin licences where it partners with Kosmos Energy; and to participate in the next Irish Licensing Round. […]

Northcote (LSE:NCT), an onshore US oil and gas exploration and production company, has commenced work on the Moursand A-2 well, in the Little Drum Unit in Osage County, Oklahoma in which Northcote has an 51.75% working interest and 75.1% net revenue interest. This project will complete the targeted four well fracture stimulation programme planned for […]

Europa Oil & Gas (LSE:EOG), the AIM listed oil and gas exploration, development and production company focused on Europe, have held their Annual General Meeting. At the meeting, Chairman Bill Adamson made the following statement: “Twelve months ago at the 2012 AGM, we reported that our high impact exploration licences in the Irish Atlantic Margin; […]