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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...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
Full story...Losses widened at Circle Oil last year, from US$2.7 million in 2007 to US$10.7 million in 2008, as foreign exchange losses took their toll. Indeed, the headline number bears little relation to the successes the AIM firm is
Full story...Ian Gowrie Smith, Chairman of London listed Rift Oil made a long statement about the takeover of his company. But one sentence sums up why he was pleased the deal had gone through.
Full story...The Permian Basin of West Texas and New Mexico has been one of the largest and most prolific oil and gas producing basins in the US, having produced over 24 billion barrels of oil since its discovery in 1921.
Full story...Backers of Tower Resources’ exploration campaign in Uganda came back down to earth with a bump on Monday when the Iti-1 wildcat proved dry, sending the share price into a nosedive. The shares slid almost 45 per cent on Monday to
Full story...Last summer Providence Resources confirmed its interest in building a natural gas storage business in Ireland when it initiated a project, named ULYSSES, to identify the gas storage and CO2 sequestration potential of underground
Full story...It never rains but it pours. Shares in Ascent Resources lost 47 per cent of their value on Tuesday when the AIM-quoted firm not only released disappointing drilling results but also announced the termination of a deal that would
Full story...Caza Oil & Gas, which is quoted on the Toronto and London AIM exchanges, is a US based exploration company. Its activities are focused on low risk exploration and exploitation in Texas, New Mexico and Louisiana. In Louisiana
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