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.
Aminex and Solo Oil begin marketing Ruvuma farm-out
Aminex (LON:AEX) and Solo Oil (LON:SOLO) have begun marketing the farm-out of their oil and gas assets in the Ruvuma Basin in Tanzania.
Aminex launches farm-out process for Tanzania licence
Aminex (LONAEX) has launched a formal farm-out process for its interest in the Ruvuma Production Sharing Agreement in Tanzania.
Aminex upbeat on test results from Ntorya-1 gas well
Oil and gas group Aminex (LON:AEX) said today that test work on its Ntorya-1 well in Tanzania’s Ruvuma Basin, had demonstrated ‘strong commercial potential’ of the gas discovery.
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.
Solo Oil and Obtala Resources fail to reach a deal in Argentina
Talks between Solo Oil (LON:SOLO) and mining company Obtala Resources (LON:OBT) over a possible asset deal in Argentina have been terminated.
Aminex gets better results from latest well in Tanzania
Aminex (LON:AEX), the oil exploration company working in East Africa, has managed to rescue what appears to be a positive result from what had earlier been considered a disappointing well at Ntorya-1 in the Ruvuma Basin onshore in Tanzania.
Aminex hit by disappointing early findings from latest Tanzania well
Aminex (LON:AEX), the E&P group operating in East Africa, has reported that current drilling work on the Ntorya-1 exploration well in the Ruvuma Basin onshore Tanzania, has so far been disappointing.
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.
Solo Oil encouraged by production progress on Ausable field in Canada
AIM listed oil and gas company Solo Oil (LON:SOLO) has reported “significant” progress on the development of its Ausable Field joint venture in Ontario, Canada. Work is currently under way on the field to optimise oil and gas production from new and existing wells using advanced technology.
Oil & Gas Round-Up
The steep share price falls across the market this week have overshadowed any positive announcements in the SmallCapNews universe. Not to worry, there’s always next week.
