Oil and Gas Round-Up – 1 March
A takeover, drilling results, investor discontent, contract award, asset deals and appointments were all seen in the SmallCapNews universe this week.
Gulfsands Petroleum completes Morocco asset acquisition
Gulfsands Petroleum (LON:GPX) has completed its purchase of an extensive portfolio of oil and gas exploration licences and concessions in Morocco.
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.
Gulfsands Petroleum increases exploration exposure in Tunisia and Italy
Gulfsands Petroleum (LON:GPX) has increased its interest positions in two exploration permits in Tunisia and one exploration permit in Southern Italy.
Gulfsands Petroleum renews Chorbane permit in Tunisia
Gulfsands Petroleum (LON:GPX) has renewed its Chorbane permit, located onshore Tunisia, for a further three years.
Gulfsands disappointed by Sidi Dhaher well results in Tunisia
Gulfsands Petroleum (LONGPX) and its partner ADX Energy are set to plug and abandon the Sidi Dhaher well in Tunisia after test work failed to find commercial hydrocarbons.
Gulfsands Petroleum eyes production test in Tunisia
Gulfsands Petroleum (LON:GPX) said today that production testing operations on its Sidi Dhaher No. 1 well in Tunisia are about to get under way.
Gulfsands says force majeure in Syria will cut off revenues
Exploration and production Gulfsands Petroleum (LON:GPX) has confirmed that a force majeure has been declared on its production sharing contracts in Syria. The move means that for the time being revenues have stopped from the company’s flagship operations on Block 26.
Oil & Gas Round-Up
Generally positive news this week in the SmallCapNews universe with only a few disappointments.
Oil and Gas Round-Up
As the great economic depression gets deeper, EnCore Oil has succumbed to the charms of Premier Oil while Cove Energy pops up with more good news in Mozambique.
Gulfsands Petroleum forced to cut production in Syria
Gulfsands Petroleum (LON:GPX) has been forced to slash production from its operations on Block 26 in Syria because the reduced availability of crude storage capacity within the country as a result of international sanctions.
Oil & Gas Round-Up
A mixed bag in the SmallCapNews universe this week; more contracts for Plexus Holdings, disappointment for Petro Matad and others and a little bit of hope sprinkled around too.
