Mackie Research analyst Bill Newman says Madalena shares trade at a deep discount to the value of its proved plus probable reserves, and that doesn't include anything for the potential of its Vaca Muerta shale assets.
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Premier Holding Corporation said on Tuesday its Board Member Dr. Woodrow W. “Woody” Clark II, was re-appointed last November to the German-supported United Nations B20 Financial Growth and Infrastructure Task Force for 2017
Point Loma Resources investor Madalena Energy Inc., has sold 624,000 shares on Jan 11 and 12 through the TSX Venture Exchange and raised gross proceeds of C$258,000
“Circle's assets present an attractive opportunity to add material production and reserves at an attractive price,” says SDX Energy boss Paul Welch.
Madalena Energy shares shot 15% higher on Wednesday as the company closed transactions with Pan American Energy LLC, Sucursal Argentina, relating to Madalena's 90% working interest in the Coiron Amargo Sur Este block, and received the balance of the $10mln consideration owed
Toronto-listed oil and gas explorer Eco (Atlantic) Oil & Gas Ltd. shares jumped 8% on Monday after the company said it intends to list on London’s AIM exchange later this month
The oil firm is continuing operations to grow production with new wells and field optimisation.
Point Loma Resources shares were more than 2% higher after the company said it had achieved another step in production increases with the tie-in of the 5-31 well which will set up additional development drilling in the West Cove area
The US group reported net income of US$29mln for the quarter to the end-of-November, compared with a net loss of US$253mln at the same stage a year earlier.
Tillerson, the oil giant’s former chairman and chief executive has agreed the move in order to comply with conflict-of-interest requirements.
Madalena Energy said on Friday that investor Maglan Capital LP on behalf of Maglan Distressed Master Fund LP and certain managed accounts now holds 19.21% of the company’s stock following purchases conducted between April and December
Anadarko is selling assets covering around 195,000 net acres
“With this acquisition Point Loma has again demonstrated the ability to find quality assets in line with our previous deal metrics,” said chief executive Terry Meek.
Richard Yurko and Kasten Resources Inc. snapped up for investment purposes a C$3-million senior subordinate secured convertible debenture of Point Loma Resources Ltd. from Madalena Energy Inc. for an aggregate purchase price of C$700,000
The two groups said the combined company would be named Linde, and would be listed on both the New York Stock Exchange and Frankfurt Stock Exchange.
Simba Energy Inc.'s shares jumped by 6% on Monday after the company said its 2-D seismic acquisition program on block 2A in Wajir, Kenya, has been completed by Africa Geophysical Services Ltd
Hillcrest Petroleum Ltd has closed the first tranche of a non-brokered private placement of units of the company at five cents per unit
The oil giant's garage sale has started in earnest
Analyst Bill Newman has worked out the company is valued at less than two-times cash flow – well below the sector average of 5.25-times.
The shares have more than doubled since Quebec passed new legislation governing oil and gas exploration
The Generator Starting Solutions (GSS) product line has been designed to help start commercial and industrial stand-by and back-up generators
Madalena Energy Inc shares had a good week, as a deal to sell a 55% stake in Coiron Amargo Sur Este block to Pan American Energy LLC resulted in broker Mackie Research maintaining a speculative buy on the stock and led prices to jump 57% mid-week
Initially, Nostra aged to sell its 20% stake in the Oklahoma based prospect for US$2.1mln, but this now risen to US$2.7mln
"We have made the strategic decision to implement a broad restructuring program," said Tom Werner, who keeps both his jobs as SunPower president and CEO
JP Morgan analyst Christyan Malek says investors should buy Shell ahead of further capex cuts and free cash flow uplift.