Oil and Gas Round-Up – 15 February
A slow news week in the SmallCapNews universe but at least there will be no more disappointing operational updates from Bayfield Energy.
Oil and Gas Round-Up 2012 – Part 1
2012 has not been a stellar year for the majority of smaller E&P companies. We take a canter through what happened in the SmallCapNews universe. Year to date price in each case is as at 31 December 2012.
Ascent Resources agrees new financing deal
Ascent Resources (LON:AST) has agreed a new financing deal with Henderson Global Investors.
Ascent Resources still troubled by funding uncertainty
Ascent Resources (LON:AST) has launched a formal review of possible asset disposals, including a possible sale of the company, as it searches for a solution to an impending cash crisis.
Ascent Resources makes improvements to Hungarian gas well
Oil and gas exploration and production company Ascent Resources (LON:AST) has completed operations to add additional perforations to the PEN-105A gas well in the Penészlek field of north-eastern Hungary.
Ascent Resources gets positive results from the PEN-105A sidetrack work
Ascent Resources (LON:AST), the AIM listed European oil and gas exploration and production company, said this morning that PetroHungaria, in which it has a 48.3% interest, has completed the drilling of the PEN-105A sidetrack in the Penészlek Project in Eastern Hungary.
Ascent Resources begins work to squeeze more gas from Penészlek concession
Ascent Resources (LON:AST) said this morning that PetroHungaria, the operator of the Penészlek gas production concession in eastern Hungary, had begun work to sidetrack the PEN-105 well.
Ascent Resources reports 22% increase in gas volumes at Petišovci project
Ascent Resources (LON:AST), the E&P group operating in Europe, has reported a 22% increase in P50 gas-in-place (GIP) volumes at its Petišovci project.
Ascent Resources cheered by results of fracking work in Slovenia
European E&P company Ascent Resources (LON:AST) has completed fracture stimulation work on its Pg-10 well on the Petišovci Project in Slovenia and said the results had exceeded its expectations.
Ascent Resources cheered by gas flow rates from latest well in Slovenia
Ascent Resources (LON:AST), the European exploration and production company, has completed initial testing operations following the successful fracture stimulation of its Pg-11A well on the Petišovci tight gas project in Slovenia.
Oil & Gas Round-Up
Generally positive news this week in the SmallCapNews universe with only a few disappointments.
Ascent Resources secures licence extension for Netherlands North Sea block
Ascent Resources (LON:AST), the European exploration and production company, has received confirmation that its M10/M11 block licences located offshore Netherlands in the southern North Sea have been extended until 30 June 2013.
