Valiant Petroleum to consider options for Orchid prospect
Valiant Petroleum (LON:VPP) and its partners on the Orchid exploration prospect in the North Sea, have plugged and abandoned the well following mixed results from drilling operations.
Trap Oil cheers first production from Lybster well
Trap Oil (LON:TRAP), the oil and gas exploration and appraisal company working in the North Sea, said today that production had started at its Lybster field situated on Block 11/24 – 3v2, which is operated by Caithness Oil Ltd.
Sefton Resources ready to flow gas through Kansas pipeline this summer
Sefton Resources (LON:SER), the oil and gas exploitation and production company with interests in the US, will flow first gas this summer through its pipeline infrastructure in Kansas. The news comes as Sefton reported a rise in oil production in California and that it had parted company with its chief financial officer.
Leni Gas & Oil on course to sell Spanish assets
Leni Gas & Oil (LON:LGO), the exploration and production group with operations in Spain and Trinidad, has granted the preferred bidder for its Spanish assets exclusivity until 31 May 2012 to complete definitive documentation.
Serica Energy kicks off 3D seismic work offshore Namibia
Serica Energy (LON:SQZ) has reported that the Polarcus Nadia, a 10-streamer seismic vessel under contract with Polarcus Seismic, has arrived on station at Serica’s Luderitz Basin blocks, located offshore Namibia.
Aminex planning test work at Ntorya-1 discovery well
Aminex (LON:AEX), the exploration and development group with interests in East Africa, has completed drilling work at the onshore Ntorya-1 discovery in Tanzania’s Ruvuma Basin and is now planning to test the well.
Nighthawk Energy upbeat on progress at Jolly Ranch
Nighthawk Energy (LON:HAWK), the US focused shale oil development and production company, is on track with a workover programme at its 75% owned and operated Jolly Ranch project and is speeding up a plan to drill new wells.
New discovery opens door for Borders & Southern fundraising
Borders & Southern (LON:BOR), the Falkland Islands exploration group that announced this week a potentially significant new gas condensate discovery, has raised £46.5 million in a share placing at 84 pence per share.
Red Emperor Resources raises new cash for Puntland exploration
Red Emperor Resources (LON:RMP), the AIM and ASX exploration group that is currently involved in drilling operations in the Puntland region of Somalia, has raised £6.24 million in a placing priced at 32 pence per share.
Premier Oil secures approval for Solan field development plan
Premier Oil (LON:PMO), the FTSE 250 oil group, has received UK government approval of its Field Development Plan for the Solan field on the UK Continental Shelf West of Shetland.
Valiant Petroleum and Agora Oil & Gas agree new terms for Tybalt
Valiant Petroleum (LON:VPP) has signed a farm out agreement with Agora Oil & Gas (UK) in respect of the Tybalt appraisal well, located in Blocks 211/8c & 13c in the UK Northern North Sea.
Gulf Keystone Petroleum achieves 24,000 bopd from Shaikan-4 well test
Gulf Keystone Petroleum (LON:GKP) has completed a testing programme on its Shaikan-4 deep appraisal well, drilled 6km to the west of the Shaikan-1 discovery well in the Kurdistan Region of Iraq. During testing, the company achieved total maximum aggregate flow rates of 24,000 barrels of oil per day (bopd).
