Cairn Energy swoops on Nautical Petroleum
Cairn Energy and Nautical Petroleum have agreed the terms of a deal that will see Cairn buy the North Sea E&P player for 450p per share in cash.
Nautical Petroleum cheers Carnaby well success
Shares in Nautical Petroleum (LON: NPE) gained 8.8p to 267p during trading on Wednesday after news emerged that the company’s Carnaby well in the North Sea had discovered oil.
Nautical Petroleum completes partial sale of Kraken
Nautical Petroleum (LON:NPE) has completed the sale to EnQuest (LON:ENQ) of a 25% interest in the Kraken discovery, together with interests in the surrounding exploration acreage.
Nautical Petroleum acquires 25% stake in North Sea acreage
Nautical Petroleum (LON: NPE) has entered into an agreement with First Oil Expro Ltd to acquire a 25% interest in UK Petroleum Exploration and Development Licence P1756, North Sea Block 3/27a, which contains the Hydra prospect.
Nautical Petroleum sells 25% of Kraken to EnQuest
Exploration and production group Nautical Petroleum (LON:NPE) has agreed to sell a 25% interest in its Kraken field in the North Sea to EnQuest (LON:ENQ).
Nautical Petroleum and Egdon Resources agree licence deal
Nautical Petroleum (LON:NPE) has agreed a deal with fellow E&P company Egdon Resources (LON:EDR) to acquire 15% interests in onshore UK Petroleum Exploration and Development Licences (PEDL) 118 and 203 located in Nottinghamshire.
EnCore Oil begins drilling Tudor Rose prospect in North Sea
EnCore Oil (LON: EO.) has begun drilling a well on the Tudor Rose prospect in the Central North Sea.
Nautical Petroleum cheers “exceptional” test results from Kraken well
Nautical Petroleum (LON:NPE) has successfully completed its Kraken 9/02b-5Z horizontal well in North Sea Block 9/2b, with flow tests achieving rates of up to 4,550 barrels of oil per day.
Oil & Gas Round-Up
Despite the horrible markets, companies in the SmallCapNews universe still managed to knock out some good well results and other bits and bobs of news to keep us interested.
