The broker said: “Cash and cash equivalents amounted to $2.6m at the period end and COPL’s short term focus remains on matters including working with ExxonMobil to assess results from the previously-drilled Mesurado-1 well offshore Liberia
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The company’s 2016 program identified hydrocarbons in three wells.
The dispute was with Zhejiang Gas with regard to the LS36-1 field gas sales contract (GSC).
The deal adds a stable and predictable base of cash flow that is capable of financing repeatable growth, the oiler said.
A prospectivity assessment identified 19 individual oil prospects.
The new terms value Akzo at US$26.3mln, which just means any merged entity would be even more highly geared
Canadian Solar has closed down solar panel plants in China and in Canada as it streamlines the business to offset a decline in average selling prices
The hotly anticipated SD-1X well is located in Egypt's Nile Delta, targeting both oil and gas reservoirs.
London-listed Falcon Oil & Gas is sitting on a potentially huge shale gas resources, but, progress is presently held up by a temporary moratorium on shale gas projects.
.PPR’s assets are its Evi, Princess and Wheatland operations - all with development potential.
Prairie Provident Resources Inc on Thursday closed its bought deal equity financing
The authority cited concern over enhanced seismicity alleged to be related to water disposal, the firm said.
Analysts at VSA Capital Research have reiterated a 'buy' rating on Eco (Atlantic) Oil & Gas, saying it expects the company to benefit from Tullow's rights issue
Prairie Provident Resources Inc. will list an additional 5,195,000 shares at the open on March 16, the Toronto Stock Exchange said on Wednesday
The firm said the new cash will be used to fund the drilling and completion at 12 Elmworth / Pipestone Montney wells
In further evidence that oil supply is proving difficult to suppress, the latest rig data from Baker Hughes indicates a swelling on Friday
“Gaz Métro is positioning itself to take full advantage of the projected growth in the solar energy industry, one of the fastest growing sectors in the US."
Magellan has 90-days to decide whether it will go ahead with the purchase and has put down a US$50,000 non-refundable deposit.
Analyst Bill Newman raised the target for Point Loma to C$1.10 from C$1.00 having increased his risked net asset value estimate to C$1.37 per share from C$1.34.
Point Loma Resources said on Wednesday it has closed the agreement to acquire oil and gas assets, effective on Jan. 1, from a private oil and gas company with the issuance of 3.35 million shares of Point Loma
“We look forward to keeping the market appraised of drilling developments over the coming weeks,” says SDX Energy chief executive Paul Welch.
Simba Energy Inc.'s reported a reduction in its losses in the six months to December, the company said on Monday
Gem raised C$900,000 in total and Mosman is putting up C$80,000 to give it a stake of 16.5%.
Chief executive Rob Peabody highlighted that Husky had responded quickly to the new price environment.
The solar panel manufacturer's shares are under pressure today after reporting a quarterly loss