AIM Weekly Review: Oil & gas shares lead top 10 risers
North Sea oil and gas producer Valiant Petroleum was the best performing share on the FTSE AIM 100 last week.
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 [...]
Wells to Watch in February
January was generally positive on the drilling front in the SmallCapNews universe, and February might throw up some nice surprises for well watchers too.
Antrim Energy provides North Sea update
In a North Sea update Antrim Energy (LON:AEY) said that the Valiant Petroleum (LON:VPP) operated Causeway field is still producing at a restricted rate of 4,500 bopd and that the adjacent Fionn field development no longer meets its economic hurdles.
Oil and Gas Round-Up – 25 January
A few well spuds, financings and generally positive updates this week in the SmallCapNews universe.
Valiant Petroleum reports arrival of rig for Timon drilling
Valiant Petroleum (LON:VPP) has reported that that Transocean John Shaw semi-submersible drilling rig has arrived on location to complete drilling of the Timon prospect in the UK Northern North Sea.
Trapoil agrees terms to buy extra stake in Orchid oil discovery
Trapoil (LON:TRAP) has agreed the terms of a proposed deal to buy an additional 45% working interest in Block 29/1c containing the Orchid oil discovery.
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.
Valiant Petroleum CEO Peter Buchanan preparing buy-out bid
Valiant Petroleum (LON:VPP) has appointed Michael Bonte-Friedheim as Acting CEO in order to allow Peter Buchanan to focus on a possible buy-out of the company.
Valiant Petroleum produces first oil from Causeway field
North Sea production group Valiant Petroleum (LON:VPP) has announced first oil from its Causeway field in Block 211 of the UK Northern North Sea.
Parkmead Group leads news of North Sea licence awards
North Sea oil explorers have begun revealing details of which licences they have been awarded as part of the UK government’s UKCS 27th Licensing Round, which were announced yesterday.
