Oilbarrel News headlines July 03, 2009
Market Overview: July 03, 2009
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
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News: July 03, 2009
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
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News: July 02, 2009
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
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News: July 01, 2009
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
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News: June 30, 2009
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
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News: June 30, 2009
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,
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News: June 29, 2009
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
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Market Overview: June 26, 2009
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.
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News: June 25, 2009
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
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News: June 25, 2009
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
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News: June 24, 2009
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
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News: June 24, 2009
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
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News: June 23, 2009
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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News: June 23, 2009
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
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Feature: June 22, 2009
Last week research led by the Met office forecast that London could have summer temperatures up to 40 degrees C by 2080. The report said that flooding, storms, droughts and heatwaves are all to become more common as a result of
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Resources and Exploration Programme Update
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Sale of Interest in Centurion Project
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Board Change
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New Credit Facility
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Notice of AGM
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Placing and Open Offer
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Final Results for the year ending 31 December 2008
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Annual Report and Accounts 2009 and Notice of AGM
Jun 29, 2009
Midmar Energy Announces Sale Of Uk Onshore Producing Assets For Gbp£2.0 Million
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