Exploration and production group Bayfield Energy (LON:BEH) is about to spud the first well in its drill programme on the offshore Galeota Licence Area in Trinidad. In a market update, the company also said it was making progress in securing a licence in South Africa but that it was pulling out of Russia after data processing failed to identify any prospects worth drilling.
Continue reading “Bayfield Energy kicks off new drilling in Trinidad but pulls out of Russia”
UK oil and gas production group IGas Energy (LON:IGAS) said this morning that it was about to finish the latest round of drilling work at its Doe Green field and that indicative flow rates from its DG-3 and DG-4 wells were expected by the end of March.
Continue reading “IGas Energy upbeat on early indications from latest drilling work”
Lochard Energy (LON:LHD), the North Sea exploration company, has raised £3.38 million, before expenses in an oversubscribed placing of shares priced at 7 pence each.
Continue reading “Lochard Energy raises cash to fund Athena costs”
Exploration and production group Nautical Petroleum (LON:NPE) has agreed to sell a 25% interest in its Kraken field in the North Sea to EnQuest (LON:ENQ).
Continue reading “Nautical Petroleum sells 25% of Kraken to EnQuest”
Ithaca Energy (LON:IAE), the London and Tornonto listed oil and gas group, has confirmed that it has received a confidential, non-binding takeover proposal.
Magnolia Petroleum (LON:MAGP), the US focussed exploration and production company, today reported that drilling was underway on two of its wells in North Dakota.
Continue reading “Magnolia Petroleum says drilling underway on North Dakota wells”
Exploration and production group Europa Oil & Gas (LON:EOG) has relinquished its 28.75% working interest in the Brodina concession in Romania in order to focus on its other assets including the Berenx gas appraisal project in onshore France.
Continue reading “Europa Oil & Gas exits Brodina and restarts production from West Firsby well”
President Petroleum (LON:PPC) said today that its acquisition last year of a 50 percent stake in an Argentine oilfield was looking like an increasingly good deal after the first well of a multi-well campaign hit a 32 metre gross oil column, with 28 metres of expected net pay.
Continue reading “President Petroleum identifies more oil in Argentina”
Geoscience consultancy Rock Solid Images (LON:RSI) said this morning that it had made a promising start to 2012 and was pleased with the growth of its order book.
Continue reading “Rock Solid Images looks to the future as order book grows”
Range Resources (LON:RRL) and its joint venture partners Horn Petroleum (TSX: HRN) and Red Emperor Resources (LON:RMP), have begun drilling the Shabeel-1 well on the Dharoor Block in Puntland, Somalia.
Continue reading “Range Resources kicks off drilling in Puntland”
Bahamas Petroleum (LON:BPC) has completed the initial processing of a 3D seismic survey over its acreage in The Bahamas, which was carried out last year.
Continue reading “Bahamas Petroleum upbeat on early results from 3D survey”
Falkland Oil & Gas (LON:FOGL), the exploration group operating in the South and East Falkland basins, has raised £48.5 million in a share placing prices at 43p per share. The cash boost will fund the company’s preferred drilling strategy on its upcoming two well drilling programme.
Continue reading “Falkland Oil & Gas raises cash for forthcoming drilling campaign”
WellstoWatch Energy Snippets