Evenergy - a subsidiary of huge Chinese oil firm Zhongcheng Group - has bought 8.375mln shares in Point Loma
Showing 25 of 16758
Four new Cuisinier wells drilled last year are now on production, generating around 245 boe/d
The oiler has a capital budget of $5mln for the second and third quarter which includes the drilling of two horizontal development wells..
Sanchez highlighted that the divestment continues the group’s strategy of increasing liquidity and financial flexibility.
Broker Mackie repeated a 'speculative buy' on Touchstone Exploration
Toronja 1 was spud on May 28 and encountered ' excellent' gas shows
“Our drilling program is fundamental to our growth strategy and these results have met or exceeded our expectations with respect to oil potential”
Since the end of the quarter, Hillcrest has signed a binding joint venture agreement with a Canadian oil and gas company
The first quarter was characterised by acquisitions and a rising production profile..
Under the terms of the deal, Atwood shareholders will receive 1.6 new Ensco shares for every Atwood share owned, valuing each Atwood share at $10.72
The certificate is valid for aerial data collection and surveying throughout Canada
It is the third advance under the credit facility entered into with Gulf on February 14 this year
Simba Essel will issue over 10.56mln shares at seven cents a pop to settle the debt
In a statement, Bunge said that it is “not engaged in business combination discussions with Glencore Agriculture Limited or Glencore plc”
Chief executive Paul Welch said the start of the year brought good momentum, and added that the company looks forward to capitalising on the opportunities ahead.
Sproule has already interpreted all available seismic and well data in the region surrounding block 2A.
Shareholders also approved a new remuneration policy that will lower performance incentives.
Falcon said it ended its first half in a strong financial position, with US$10.1mln of cash and no debt.
Well 144 is planned to drill down to 2,500 metres, with the target at a depth of 2,200 metres.
As post-well evaluation continues for the Liberia asset, COPL is now focussing on OPL 226 offshore Nigeria where it is hoping to drill an appraisal well.
Avanti issued 2.24mln units at seven cents per unit, raising C$156,660.
“We have an excellent gas discovery in our primary target, the Abu-Madi, and view the well results as a very significant success," says chief executive Paul Welch.
Revenues increased by 41% year-on-year, 36% quarter-on-quarter.
'The company has amassed a large concentrated land base within the Mannville trend in West Central Alberta'
“We are pleased to have completed this transaction...” said Tom Stabley, chief executive.