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The gloomy state of the economy took centre stage as higher than expected jobless figures from the US shocked the market. Oil demand is still low and real signs of recovery remain distant. The US market is closed on Friday but in
Full story...Facing a funding gap ahead of its first well in the Ruvuma Basin in Tanzania later this year, and no news yet of a farm-out deal to lessen its cost exposure, Aminex plc has announced a placing to raise US$11.45 million and an
Full story...Bouncing back from last month’s aborted Jolly Ranch deal, AIM-quoted Nighthawk Energy has sold its 50 per cent interest in the Centurion development project in Kansas for US$5 million in cash. The buyer, privately-owned Osceola
Full story...More than thirty years after nationalisation and four years after the post Saddam Hussein government came to power in Iraq, the government there is throwing open its doors to companies to come in and develop the country’s
Full story...Victoria Petroleum’s Don Juan Coal Seam Gas Project in Queensland, Australia has taken its first steps towards commercial development with news that it now has initial certified 2P reserves of 34 PJ. Additional reserves upgrades
Full story...With its Orion 36 gas field in the US nearing the end of its productive life, Meridian Petroleum has decided to sell off its interest rather than the keep the high cost asset on its books. Wellmaster Production Company, contract
Full story...Six months ago, privately-owned E&P Midmar Energy told oilbarrel.com of its plans to divest its two producing oilfields in the south of England in order to expand the business internationally. That goal has now been achieved,
Full story...The UK’s EnCore Oil has assembled a fairly large portfolio of assets principally in and around the UK and Ireland. An activity update from the group, recently released, shows operations are ongoing in many areas. At the Cladham
Full story...The early sell off we saw this week was short-lived and oil re-gained strength by Friday. Attacks in Nigeria disrupted supply and the talk in the market is now questioning if those “green shoots” of recovery were actually weeds.
Full story...European Gas Limited may be about to undergo another transformation. In 2005 the ASX-listed firm, then trading as Kimberley Oil, was a failed explorer in Australia’s remote Canning Basin. The following year it sold its Canning
Full story...Shares in AIM-quoted Gulf Keystone Petroleum gained 1.5 pence, up 13 per cent, to 13 pence on news that its Shaikan-1 well in Kurdistan has encountered live oil. The well, which is not yet even half way down to its target depth
Full story...The past 12 months have been difficult for Sound Oil but, unlike many of its AIM peers, its headline numbers point to a retained financial strength that will see it through the next 12 months. The company, which has kept a tight
Full story...We have written screeds about how Uganda, having been for years a no- man’s-land for oil explorers, many of whom would not think about the East African country let alone survey or drill there, has become one of the hottest new
Full story...Just as E&Ps operating in Europe increasingly like to have a market-friendly gas storage project on their books, companies working in North America like to have some oil and gas shale potential in their portfolio. AIM-quoted
Full story...You could argue that if you wanted to learn about Gulfsands Petroleum, the London quoted oil and gas explorer and producer, now would be a good time to investigate. The company has just taken a group of London oil analysts from
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Successful Completion of New Convertible Bond Issue and Information on Issue of New Shares
