Oil & Gas Round-Up
A fairly quiet week in the SmallCapNews universe, no blockbuster discoveries or crushing disappointments to report this week.
Petro Matad set to reassess data after completing latest well in Mongolia
AIM quoted Mongolian oil explorer Petro Matad (LON:MATD) has wrapped up the 2011 drilling campaign on its Davsan Tolgoi prospect on Block XX by completing well DT-11.
San Leon Energy drill programme gets off to a disappointing start in Poland
A new drilling campaign by San Leon Energy (LON:SLE) in Poland has got off to a disappointing start with news that the Chopin-1 well on the Nida concession has come in dry.
Caza Oil & Gas offers mixed news on latest operations
Caza Oil & Gas (LON:CAZA), the US focused exploration and production company, has reported mixed news from its operations at the San Jacinto, Bongo, Windham and Hite Offset properties.
Europa Oil & Gas to fight Romania VAT charge
Hugh Mackay, the incoming Chief Executive at Europa Oil & Gas (LON:EOG) will face the challenge of fighting off a €730,000 VAT bill from the Romanian authorities in respect of the sale of the Bilca field in 2007.
Victoria Oil & Gas raises £9.5m to bring Logbaba gas project into production
Victoria Oil & Gas (LON:VOG) has raised £9.5 million in a placing of shares priced at 3.25p each in what will likely be its last equity fundraising before gas production begins at its Logbaba gas project and gas condensate in Cameroon later this year.
Nautical Petroleum cheers “exceptional” test results from Kraken well
Nautical Petroleum (LON:NPE) has successfully completed its Kraken 9/02b-5Z horizontal well in North Sea Block 9/2b, with flow tests achieving rates of up to 4,550 barrels of oil per day.
Urals Energy forced to temporarily abandon latest well on Petrosakh project
Urals Energy (LON:UEN), the independent exploration and production company with operations in Russia, has temporarily abandoned the latest well on its Petrosakh project on the eastern coast of Sakhalin Island because of technical difficulties.
Oil & Gas Round-Up
As the markets continue to scare the pants off everyone, the E&P’s in the SmallCapNews universe continue to supply a mix of good and not so good news.
Providence Resources commits to exploration well on Dalkey Island prospect
Irish exploration and production company Providence Resources (LON:PVR) is moving ahead with plans to carry out drilling on its Dalkey Island prospect offshore eastern Ireland.
Cove Energy and partners sign farm-out deal with Total in Kenya
AIM quoted upstream oil and gas company Cove Energy (LON:COV) has agreed a deal to farm-out a 5% stake in its licences offshore Kenya to industry giant Total.
Gulf Keystone Petroleum raises $200m to fund Kurdistan exploration and appraisal work
Gulf Keystone Petroleum (LON:GKP) has raised US$200 million in an oversubscribed placing of shares priced at 140p each to fund its exploration and appraisal plans in the Kurdistan Region of Iraq.
