Caza losses widen despite rising revenues and production
Caza Oil & Gas (LON:CAZA), the US-focused exploration and production company, grew its proven reserves last year and saw annual revenues almost double – but the performance was dampened by a sharp rise in net losses.
Bowleven boosts cash reserves by selling Gabon licence
African focused oil and gas company Bowleven (LON:BLVN) has completed the sale of its entire equity interest in the EOV Permit, offshore Gabon, to Perenco SA for a cash consideration of $35 million plus a working capital adjustment.
Plexus gathers momentum as well head technology interest grows
Plexus (LON:POS), the oil and gas engineering services business, saw revenues leap in the first six month of the year as growing acceptance of its POS-GRIP well head technology brought more big name operators on to the company’s books.
President Petroleum cheers drilling results from Dos Puntitas field
AIM quoted oil and gas exploration company President Petroleum (LON:PPC) has received better than expected results from logging and test work on Well DP-1001 in the Dos Puntitas field in Argentina.
Nostra Terra Oil & Gas begins drilling Bale Creek prospect
Nostra Terra Oil & Gas (LON:NTOG), the AIM quoted oil and gas producer with numerous horizontal drilling projects in the US, said this morning that drilling had begun on the first horizontal well in the Bale Creek prospect in Oklahoma.
Matra Petroleum gets production started from A-13 well in Russia
Matra Petroleum (LON:MTA), the oil and gas exploration and production company with operations in Russia, has got production under way from Well A-13 on its 100% owned Sokolovskoe oil field discovery in Orenburg.
Valiant Petroleum spuds Tybalt well in North Sea
Valiant Petroleum (LON:VPP) has begun drilling the Tybalt appraisal well in Blocks 211/8c & 13c in the UK Northern North Sea.
Tower Resources agrees new funding deal
Tower Resources (LON:TRP), the AIM listed exploration company, has entered into a £20 million Equity Financing Facility (EEF) with Darwin Strategic in order to provide greater funding flexibility for the company in the future.
Ithaca Energy raises interest in Carna discovery
Ithaca Energy (LON:IAE) has agreed a deal to take over operatorship and increase its working interest in the Carna discovery, located in the Southern Gas Basin of the UK North Sea.
Faroe Petroleum reports start of drilling on North Uist well
Faroe Petroleum (LON:FPM), the AIM listed E&P company working on opportunities in the Atlantic margin, the North Sea and Norway, has reported that drilling is under way on the North Uist prospect, West of Shetland.
Providence Resources says Barryroe test results exceed expectations
Irish oil and gas group Providence Resources (LON:PVR) has issued a final testing update from its Barryroe well, offshore southern Ireland.
DEO Petroleum welcomes Budget break for North Sea field allowances
North Sea oil and gas company DEO Petroleum (LON:DEO) has welcomed this week’s HM Treasury statement in respect of the package of changes to field allowances for companies operating in the UK and UK Continental Shelf.
