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.
Ithaca Energy to acquire Valiant Petroleum
Ithaca Energy (TSX:IAE and LON:IAE) has made a recommended cash and shares offer for Valiant Petroleum (LON:VPP) which values Valiant Petroleum at £203 million or 475 pence per share. Ithaca Energy is currently under fire from shareholder JEC Capital Partners who think the company should put itself up for sale rather than using debt to [...]
Oil and Gas Round-Up 2012 – Part 2
The second instalment of the overview of the performance in 2012 of the companies in SmallCapNews universe.
Ithaca Energy welcomes new North Sea licence awards
North Sea exploration and production company Ithaca Energy (AIM:IAE) has been offered two new traditional licenses in the UK’s 27th Offshore Licensing Round.
Ithaca Energy finishes work on troublesome Athena well
Ithaca Energy (LON:IAE) has completed remedial work on one of its oil production wells on the Athena field in the North Sea.
Ithaca Energy completes successful testing of Hurricane appraisal well
Ithaca Energy (LON:IAE) has completed a successful drill stem test on the Andrew sandstone interval in the Hurricane appraisal well in the Central North Sea.
Ithaca Energy begins drilling Hurricane appraisal well
Ithaca Energy (LON:IAE) has begun drilling the Hurricane appraisal well in Block 29/10b, which lies within the company’s Greater Stella Area in the UK sector of the Central North Sea.
Ithaca Energy wins legal action over Jacky 103 well
Ithaca Energy (LON:IAE) has won a legal wrangle with private company North Sea Energy (UK) over precisely who was responsible for funding work on the Jacky 103 well in the North Sea.
Ithaca Energy frustrated by production problem at Athena field
Ithaca Energy (LON:IAE), the North Sea E&P group that recently brought the Athena oil field into production, has hit problems with one of the four wells on the development.
Ithaca Energy kicks off oil exports from Athena field
Ithaca Energy (LON:IAE), the North Sea operator that brought the Athena field into production last month, said today that initial peak gross oil production rates from the field stand at 22,000 barrels of oil per day and that oil export operations have begun.
Ithaca Energy shelves takeover efforts in favour of further expansion
Ithaca Energy (LON:IAE), the Canada-based North Sea oil group that this week began production from the Athena field, has ditched plans to sell itself to another group and has instead secured a new debt deal to help it expand.
Ithaca Energy produces first oil from Athena field
Ithaca Energy (LON:IAE) has successfully started oil production from the Athena field in the North Sea.
