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Exillon Energy plc (EXI.LN) issues its interim results for the first six months to 30 June 2014.
John Babic, President and CEO of Dalmac Energy Inc. (TSX Venture "DAL") announce fourth quarter and annual financial results for the fiscal year ended April 30, 2014.
Sea Dragon Energy Inc. (TSXV: SDX) announces its 2014 second Quarter Financial and Operating Results (the "Quarter" or "Q2 2014").
Kongsberg Maritime Engineering (KME) will deliver an Integrated Control and Safety System for the new BW Offshore 'Catcher FPSO'. The contract follows BW Offshore's signing of a lease and operate contract with Premier Oil and its joint venture partners at the end of April 2014 for a FPSO to operate on the Catcher oil field in the UK North Sea.
Yesterday, the President of the Republic of Mozambique, Armando Guebuza, and the Mozambican Minister of Energy, Salvador Namburete, joined the chairman of the Mozambican state power utility, Electridade de Mozambique (EDM), Augusto Fernando de Sousa and the President and CEO of Sasol, David Constable, at the inauguration of Central Térmica de Ressano Garcia (CTRG). The CTRG power plant, which is a partnership between EDM (51%) and Sasol (49%), represents Mozambique's first permanent large-scale gas-to-power facility in Ressano Garcia, which is on the border between Mozambique and South Africa.
| Friday, August 29, 2014
TREATY Energy Corporation (OTCQB: TECO) report that its Board of Directors is pleased to announce the following update and vision statement to its shareholders and the investment community. Chris D.
In this month’s excerpt from Platts Energy Economist, Ross McCracken looks at the winter energy implications of the Ukraine-Russia divide. Regardless of Russian denials, Moscow is clearly providing direct support for the separatists in eastern Ukraine.
Oil continues to be a cause of considerable friction between Baghdad and Irbil, and is most definitely not lubricating relationships. The game of “Texas Hide and Seek” of Kurdish crude continues somewhat bafflingly in the warm waters of Houston, against the backdrop of entrenched political thinking in Baghdad.
Genie Energy has ambitious plans to unlock significant oil shale resources in Israel, Mongolia and Colorado, three of the world’s largest oil shale deposits with tens of billions of oil in place potential. However, in the nearer term, Genie’s focus is on conventional exploration, with its first well in Northern Israel set to spud in the autumn.
Det norske oljeselskap ASA has completed the drilling of wildcat well 2/9-5S. The well was drilled about 30 km east of the Valhall field on the Heimdalshø prospect .
CGX Energy Inc. (TSX-V - OYL) announce that CGX Resources Inc.
Atlantic Petroleum (NASDAQ OMX: ATLA DKK & Oslo Stock Exchange: ATLA NOK) announce that Atlantic Petroleum Norge has acquired Ithaca Petroleum Norge's 10% interest in production licences PL601 and PL602 in the Norwegian Sea. The agreements are subject to government approval.
Hardy Oil and Gas plc announces that Mr Yogeshwar Sharma, Non-Executive Director, has informed the Board of his decision to step down as a director with effect from 30 September 2014. The Board wishes to acknowledge Mr Sharma's immense contribution to Hardy, which he co-founded in 1997 and led in its early period of rapid growth.
Oil price The market is quiet ahead of the Labor Day holiday on Monday, WTI went a bit better on the inventory data which showed a 2.1m barrel draw, higher than the analysts consensus of 900/-.
The UK gas market has been on a downtrend throughout the year after a mild winter left storage facilities entering summer already at high levels. Qatar has also kept up a steady flow of LNG cargoes throughout the year, sending daily gas prices down from the mid 60s pence/therm in January to the lowest point of the year at 34.
Green Dragon Gas Ltd. (AIM:GDG) announces that, following a period of arbitration and subsequent appeals by the Company, the matter has been resolved to the mutual satisfaction of both parties by way of a final settlement.
Atlantic Petroleum (NASDAQ OMX: ATLA DKK & Oslo Stock Exchange: ATLA NOK) announces its results for the first six months of 2014. This company announcement should be read in conjunction with Atlantic Petroleum’s Condensed Consolidated Interim Report attached to this announcement.
Neste Oil expects to complete repairs on the damaged hydrogen unit at Porvoo by the end of October; guidance for 2014 revised Neste Oil expects that repair work on the damaged hydrogen production unit at its Porvoo refinery will take until the end of October to be completed. The damage to the unit, one of two at the site, has resulted in reduced output and required the shutdown of Production Line 4, which produces diesel.
Second quarter of 2014 During the 2nd quarter, the Group had no operating income (-). The operating result for the 2nd quarter amounted to TSEK -11 699 (-8 281), which includes about TSEK -6 000 of extraordinary costs.
Sinopec Shanghai Petrochemical Company Limited (HKEx: 00338; SSE: 600688; NYSE: SHI) announce the unaudited operating results of the Company and its subsidiaries (the "Group") prepared under International Financial Reporting Standards ("IFRS") for the six months ended 30 June, 2014(the "Period"). According to IFRS, turnover for the Group for the Period reached RMB51,345 million, representing a decrease of 10.
Lundin Petroleum AB (TSX:LUP)(OMX:LUPE), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of appraisal well 16/4- 8 S in the Luno II discovery has been successfully completed. The Luno II discovery is located approximately 15 km south of the Edvard Grieg field in the North Sea sector of the Norwegian Continental Shelf (NCS).
Brownstone Energy Inc. (TSX VENTURE:BWN)(OTCQX:BWSOF) announces that it has been advised by its joint venture partners that development operations for 2014 are underway at the Kokopelli project (see news release dated June 30, 2014).
Quantum Energy, Inc. (PINKSHEETS: QEGY) announce that it has secured a second Bakken refinery site to be located in Baker, Montana.
Manitok Energy Inc. (TSX VENTURE:MEI) announces its financial and operating results for the second quarter of 2014.
Antrim Energy Inc. (TSX VENTURE:AEN)(AIM:AEY), an international oil and gas exploration company, today reported its financial and operational results for the three and six month period ended June 30, 2014.
New West Energy Services Inc. (TSX VENTURE:NWE) announce the financial results for the Corporation for its fourth quarter and year ended April 30, 2014.
Iona Energy Inc. (TSX VENTURE:INA) announces its financial results for the three and six months ended June 30, 2014.
Who could have ever imagined that North America would surpass Saudi Arabia as the world’s largest producer of oil and natural gas liquids? A decade ago, that would have seemed laughable. Yet that’s exactly what has happened; and it’s not just Saudi Arabia that has been left in North America’s dust -- Russia has, too.
Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(AIM:FOG)(ESM:FAC) announces that it has filed its results for the three and six months ended 30 June 2014.
Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, is pleased to announce the sale of 24 smaller interests in non-core wells for a total consideration of US$240,750, a 190% increase on the US$83,000 value assigned to the combined proved and developed producing reserves ('PDP') of these wells in the latest Reserves Report as at 1 July 2014. In line with the Company's strategy, the proceeds will be reinvested into developing and proving up the reserves on its leases in proven US onshore formations such as the Bakken/ Three Forks Sanish in North Dakota and the Woodford/ Mississippi Lime in Oklahoma.
Argos Resources Limited (AIM: ARG.L), the Falkland Islands based explorationcompany focused on the North Falkland Basin, is pleased to announce its interim financial results for the six months ended 30 June 2014.
I am pleased to provide the following update to shareholders on Enegi's activities over the last few months. This update is dominated by the progress being made on the continuing implementation of the Company's marginal field initiative as it is our belief that its success offers a huge opportunity for the development and growth of the Company.
Ruspetro plc (LSE: RPO) today announces its first half 2014 results and an update on its operations to date: HIGHLIGHTS Horizontal well programme commenced First horizontal well, number 214, spudded in April 2014, completed post period end in July 2014 and flowed at 1,350 barrels of oil per day ("bopd") over a 10 day test period Second horizontal well, number 251, spudded in June 2014, in progress and expected to be completed in September 2014 Glencore pre-payment facility renewed in March 2014 and first domestic pre-payment facility entered into in May 2014 LLC Sberbank Capital ("Sberbank") put option exercise period deferred by one year to the period of 30 April 2015 to 29 April 2016 The Vostochno-Inginsky licence, due to expire in June 2014 extended by 20 years until June 2034 Proved oil and condensate reserves of 207 million barrels ("bbl") (8% increase from 31 December 2013) and Proved and Probable oil and condensate reserves of 1.75 billion bbl (6% increase from 31 December 2013) audited by DeGolyer and MacNaughton, as at 30 June 2014, and reflecting a horizontal well development concept US$4.
I quite like to try the puzzles that you find in newspapers, often on the back pages – the Sudoku ones for example that are labelled either “Easy”, “Hard”, “Fiendish” or “Super Fiendish”. Here’s something that is “Beyond Super Fiendish” – trying to figure out what the EU’s energy Strategy is! Why don’t you try? In my effort to be helpful, here is the link you need to get started: http://ec.
(Nasdaq:GASS), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2014. Second Quarter 2014 Results: Revenues for the three months ended June 30, 2014 amounted to $31.
Petron Energy II, Inc. (OTCQB: PEII) reports drilling operations on its Gerner and Gerner Trust leases in Tulsa County, OK.
Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to report record increases in production, revenues and cash flow from operations for the six months ended June 30, 2014, compared to the same period of 2013.
Noble Energy, Inc. (NYSE: NBL) announces final well results at the Katmai exploration well and the Dantzler appraisal well in the deepwater Gulf of Mexico.
Miller Energy Resources, Inc. (NYSE: MILL) announce that it has retained PLS Inc.
Crew Energy Inc. ("Crew" or the "Company") (TSX:CR) of Calgary, Alberta is pleased to announce that it has entered into a purchase and sale agreement to dispose of its Princess, Alberta asset for total cash consideration of $150 million, before customary closing adjustments, allowing the Company to sharpen its focus on the development of its core Montney assets in Northeast British Columbia.
Energean Oil & Gas, the international oil & gas exploration and production company focused on the Mediterranean and North Africa, launched a new $225 million investment programme to develop 30 million barrels of reserves in North West Greece and to increase production from the Prinos, Prinos North and Epsilon fields to 10,000 bbls/day by 2016. The new investment programme involves the drilling of 15 wells and the installation of two new unmanned platforms for the Prinos North and Epsilon fields which will be tied back to the existing infrastructure Energean already operates.
CNOOC Limited (NYSE: CEO, SEHK: 00883, TSX: CNU) announce its interim results for the six months ended June 30, 2014. For the first half of the year, the Company's total net oil and gas production reached 211.
Profits staged a strong turnaround for the three months ended 30 June 2014 (4QFY14) at Loyz Energy Limited (Loyz Energy or the Group) from maiden sales of crude oil from its producing concessions in Thailand. The fast-growing Singapore-based upstream energy Group reported an operational cashflow and EBITDAX (earnings before interest, taxation, depreciation, amortisation and exploratory expenses) of $5.
Afren plc announces that the Board has temporarily suspended Iain Wright and Galib Virani, both Associate Directors of the Company. Further to the announcement by the Company on 31 July 2014 regarding the suspension of the CEO, Osman Shahenshah, and the COO, Shahid Ullah, the Company has continued its investigation in relation to the receipt of unauthorised payments potentially for the benefit of the CEO and COO.
On August 27, 2014 the local labour union initiated unilateral action to implement a strike. The Company is engaged with legal advisors, the government and the union to resolve the reasons for the unilateral action in order to end the strike as soon as possible.
Gale Force Petroleum Inc. (TSXV: GFP) (OTCQX: GFPMF) announced that it has concluded the sale of an 81% working interest in its properties in Henderson and Anderson Counties, Texas (the "Texas Reef Properties") as well as its 90% interest in a 4-mile natural gas gathering system on the properties, for an aggregate selling price of US$5,850,000.
AziNam Ltd., the offshore Namibia focused exploration company, is pleased to announce that a new licence has been issued for Blocks 2312A&B and 2412A&B, now renamed as Blocks 2312 and 2412A (the Central Blocks), offshore Namibia, operated by Chariot Oil & Gas ("Chariot") (CHAR:LN).
| Thursday, August 28, 2014
Orca Exploration Group Inc. announces its results for the quarter and six months ended 30 June 2014.
| Thursday, August 28, 2014
Daybreak Oil and Gas, Inc. (OTCQB: DBRM), a Washington corporation, announced that effective August 21, 2014, the Company negotiated an additional advance of $2,200,000 under its credit facility with Maximilian Resources LLC, a Delaware limited liability company (the "Lender").
Junex Inc. (TSX VENTURE:JNX) announce that it has acquired additional drilling equipment that upgrades its maximum drilling depth capacity to approximately 3,000 meters.
Quantum Energy, Inc. (PINKSHEETS: QEGY), with offices in Williston, North Dakota, announced that it has signed a two year option to purchase 144 acres in Richland County, Montana to serve as one site of Quantum's proposed five refinery plan to bring a new generation of refineries to North Dakota & Montana.
Crown Point Energy Inc. (TSX VENTURE:CWV)today announces its operating and financial results for the three and six months ended June 30, 2014.
Yoho Resources Inc. (TSX VENTURE:YO) has filed today on SEDAR the financial statements for the three and nine months ended June 30, 2014 and the related managements' discussion and analysis ("MD&A").
Hemisphere Energy Corporation (TSX VENTURE:HME) announce its financial and operating results for the three and six months ended June 30, 2014. Q2 2014 Achievements and Financial Highlights Achieved quarterly average production of 553 boe/d (82% oil and NGL), a 36% increase over the second quarter in 2013.
Pine Cliff Energy Ltd. (TSX VENTURE:PNE) announce that further to its news release on July 17, 2014, Pine Cliff has entered into a purchase and sale agreement with a senior oil and gas producer (the "Vendor") to acquire certain shallow natural gas assets in Alberta and Southern Saskatchewan for cash consideration of $100 million, prior to any adjustments (the "Acquisition").
Australia's ongoing offshore exploration success-Santos last week announced another gas discovery in the prolific Browse basin-has seen the vast country's largely-untapped onshore resources overlooked by many. Some of the country's unconventional resources-notably Queensland's coal seam gas fields in the east of the country-have been known about and developed for years, while others such as the Cooper Basin, in east-central Australia, have attracted significant investor attention of late, notably from US major Chevron.
PRD Energy Inc. (TSX VENTURE:PRD) announces completion of its financial statements and operating results as at and for the six months ended June 30, 2014 and provides an operational update on activities to date as well as an outlook for the remainder of 2014.
Africa Oil Corp. (TSX:AOI)(OMX:AOI) is pleased to provide an update on its operations in Kenya and Ethiopia.
| Thursday, August 28, 2014
How much oil and gas is left in the North Sea? 16 billion barrels oil equivalent (boe) according to Sir Ian Wood or 24 billion boe according to Oil and Gas UK? The correct answer for official proved+probable reserves is between 8 and 9 billion boe, a figure that both DECC and Oil and Gas UK agree on. With over 9 different classes of reserves, this debate is sterile and this is not the correct question to ask.
Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, announces that 2014 development operations are underway at the Kokopelli Project ('Kokopelli').
Gulf Marine Services (LSE:GMS), the leading provider of self-propelled self-elevating support vessels (SESV) serving the offshore oil, gas and renewable energy sectors, today announces its interim results for the six months ended 30 June 2014. Financial Results Summary (US$ million) H1 2014 H1 2013 Revenue 90.
The boom in oil and gas investment that insulated Australia from the Global Financial Crisis (GFC) is fading fast and there are few signs of new projects on the horizon. Dr Graeme Bethune - Chief Executive of respected energy economics group, EnergyQuest - said the level of oil and gas investment is already well below the peak reached in the last quarter of 2013 and will keep falling as new LNG projects are completed.
H1 2014 FINANCIAL RESULTS H1 2014 H1 20131 (US$ million, unless stated) Revenue 632.3 506.
Hunting PLC (LSE:HTG), the international energy services group, today announces its interim results for the six months to 30 June 2014. Financial Highlights - from continuing operations Revenue $687.
Nostrum Oil & Gas plc (LSE:NOG), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today announces record results in respect of the six months ended 30 June 2014. Highlights from the six months to 30 June 2014 Total average daily production of 46,569 boepd, up 0.
OPERATIONAL Average daily production 11,800 boepd (1H 2013: 14,900 boepd), reflecting production downtime at start of year which reduced output by 2,800 boepd during the period Drilled 10 development wells in Bualuang field, East Terrace wells outperforming expectations Four additional slots added to the Bravo platform well bay Bualuang power and processing modules hooked up and commissioned, FSO now operational and receiving all crude production WK-1 discovery takes Kerendan field to over 1 TCF gas-in-place Kerendan Gas Processing Facilities construction now more than 70% completeFINANCIAL Revenue of $177.8 million (1H 2013: $ 197.
Gulf Keystone, an independent oil and gas exploration, development and production company with operations in the Kurdistan Region of Iraq ("Kurdistan Region"), today announces its results for the six months ended 30 June 2014. Operational highlights Gulf Keystone's operations in the Kurdistan Region remain secure and production and crude oil sales from the Shaikan field have not been interrupted in any material way Ramp-up of Shaikan production in H1 2014 from 10,000 gross barrels of oil per day ("bopd") to rates of in excess of 20,000 gross bopd through the tie-in of an additional producing well to Shaikan PF-1 and the commencement of production operations from Shaikan PF-2 Crude oil export deliveries by truck to Turkey in H1 2014 totalled 2.
The Board of Aminex PLC, an independent oil and gas company premium-listed on the London Stock Exchange and primary-listed on the Irish Stock Exchange, announces today its Interim Results for the six months ended 30 June 2014. FINANCIAL HIGHLIGHTS Fully Funded to execute current work programme $15 million equity issue successfully completed Sale of Aminex USA completed since period end $8 million working capital facility extended Loss for period $4.
Operations Production averaged 13,960 BOEPD in the first half; 2014 full year production guidance remains 14-15,000 BOEPD TGT 2014 in-fill drilling programme is ongoing with 6 development wells to be drilled in 2014 TGT FPSO total liquids test to 140,000 barrels of liquids completed; the oil production test to above 60,000 BOPD expected in H1 2015 The TGT H5 development is progressing as planned - the H5 wellhead jacket and drilling deck will be installed in Q3 2014 and first oil is on target for September/October 2015 Currently drilling an exploration well on the Marine XI Block, offshore the Republic of Congo (Brazzaville)Financial Financial results in the first half in line with the Company's expectations; revenue of $246.4 million (1H 2013: $324.
Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, today announces an update on its Namibian portfolio, its repositioning in the region and forward work programmes across these licences. These steps improve Chariot's negotiating position in partnering discussions and provide further commercial optionality.
| Thursday, August 28, 2014
As part of a reorganisation across all levels of the Company designed to reduce costs, and adjust to the future needs of the business, the Board of Ophir is to restructure and streamline the senior management team. The restructuring will result in a smaller Board with the number of Executive Directors reducing from three to two and Non-Executive Directors reducing from six to five.
Tullow Oil plc ("Tullow") announces the successful results from a series of exploration, appraisal and testing activities conducted in Blocks 10BB and 13T onshore Kenya. Etom-1 exploration well The Etom-1 well in Block 13T is the most northerly well drilled to date in the South Lokichar basin, 6.
| Thursday, August 28, 2014
Aquaterra Energy has launched a unique Riser Monitoring System (RMS) which the company believes will revolutionise the integrity management process and deliver superior reliability and accuracy of data acquisition for the offshore oil and gas industry. The RMS design utilises a combination of direct riser strain measurement, subsea data logging and riser analysis processing algorithms to generate accurate, real time operational guidance on optimising drilling and workover operations in water depths of up to 100m.
Oil price Brent crude broke upwards through $103 last night but couldn't hold it and fell back to finish lower at $102.50.
Quicksilver Resources Inc. (NYSE:KWK) announce the initial results of its first horizontal well under its exploration agreement with Eni in Pecos County, Texas.
China's apparent oil demand* in July decreased by 2.1% over the same month a year ago, according to a just-released Platts analysis of Chinese government data.
Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) today provided clarification regarding certain statements contained in a news article published by El Comercio in Ecuador earlier this week, and subsequently by the Wall Street Journal, regarding Ivanhoe's Specific Services Contract on Block 20, which contains the Pungarayacu oil field.
Radiant Oil & Gas, Inc. (OTC: ROGI), an independent oil and gas exploration and production company focused on the onshore and shallow state waters of the U.
Torchlight Energy Resources, Inc. (NASDAQ: TRCH), a rapidly growing mid-continent oil and gas company, today received an updated mid-year 2014 reserve report for its oil and gas assets in the Hunton Play in Central Oklahoma.
Canacol Energy Ltd. (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to announce that the first well of its three well gas exploration program, Palmer 1, has tested 15.
ZaZa Energy Corporation (NASDAQ:ZAZA) announce that ZaZa Energy Corporation ('ZaZa') and an affiliate of Quantum Energy Partners ('Quantum') entered into a Purchase and Sale Agreement, which includes an East Texas Development Agreement comprising Walker, Grimes, Madison, Trinity, and Houston counties (collectively, the 'Quantum Agreements'). Pursuant to the terms of the Quantum Agreements: ZaZa will receive ~$17 million of total consideration, consisting of both cash and ZaZa's right to receive Quantum's interest in the next 15 East Texas JV wells between the closing of the Quantum transaction and its second anniversary (the 'Reserved Wells').
Supply security in Europe has traditionally always begun on the continent's own doorstep. Martin Bachmann, Member of the Board of Executive Directors of Wintershall responsible for Exploration and Production, firmly believes that this will remain so in future too.
PetroFrontier Corp. announces that Statoil Australia Theta B.
G2X Energy, through their subsidiary TRDC LLC, announce an agreement with Tulsa based WPX Energy (NYSE: WPX) to jointly develop WPX's Trail Ridge Properties located in western Colorado's Piceance Basin Highlands. "We are extremely pleased to be partnering with WPX Energy in the Piceance Basin.
FX Energy, Inc. (NASDAQ: FXEN), announce that drilling has started at the Baraniec-1 well in the Company's 49% owned Fences license in west-central Poland.
Anterra Energy Inc. (TSX VENTURE:AE.
North Sea Energy Inc. (TSX VENTURE:NUK) announces its unaudited financial results for the period ended June 30, 2014.
Arcan Resources Ltd. (TSX VENTURE:ARN) increased oil and natural gas production during the second quarter from the first quarter of 2014 and continued to focus on overall cost reductions and opportunities to address its debt position.
CaiTerra International Energy Corporation (TSX VENTURE:CTI) announces that it has completed the purchase of its previously announced (news release dated July 28, 2014) acquisition of an undivided 100% beneficial interest in and to a total of 135.68 square kilometers of oil and gas leases located in northern and central Alberta (the "Acquisition").
Chestnut Exploration & Production, Inc., a Dallas-based independent oil and natural gas company, announced the successful acquisition of the Willamar West Unit in Willacy County, Texas, which increases the company's oil production by 91 percent.
WPX Energy (NYSE:WPX) announced today that it closed an agreement to jointly develop its Trail Ridge properties with TRDC LLC, a subsidiary of Houston-based G2X Energy. The Trail Ridge development is part of WPX's position in western Colorado's Piceance Basin Highlands.
Financial summary H1 2014 Restated H1 2013 Change Financial highlights: Continuing operations: Revenue £322.3m £370.
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering is pleased to announce that it has received a purchase order ('PO') from Det Norske Oljeselskap ASA ('Det Norske') to supply surface wellhead and mudline equipment services for an oil and gas appraisal well offshore Norway. The value of the order is estimated at approximately £1 million with revenues expected to commence December 2014.
Oil samples have been recovered in the FAN-1 exploration well being drilled offshore Senegal by FAR Ltd (ASX:FAR) and its joint venture partners Cairn Energy PLC (Operator), ConocoPhillips and Petrosen - the Senegalese national oil company. Elevated gas and fluorescence were encountered in a shallow secondary target and the presence of oil was confirmed by an intermediate logging program.
| Wednesday, August 27, 2014
Mosman Oil & Gas Limited (AIM: MSMN), the Australia and New Zealand focussed oil exploration and development company, advises that it has entered into an agreement to acquire the entire issued share capital of OilCo Pty Ltd ("OilCo"), a wholly owned subsidiary of High Peak Royalties Limited ('HPR") (formally Torrens Energy Limited). Highlights OilCo is the holder of one exploration permit (EP156), on which a number of prospective leads have been outlined by SRK, and one exploration permit application EP(A)155 in the Amadeus Basin in Australia; EP156 and EP(A)155 are complimentary with Trident Energy Limited's ("Trident") permit, EP145.
The Directors of LGO announce a number of changes to the Board of the Company with immediate effect. Stephen (Steve) Thomas Horton has been appointed as the Non-Executive Chairman of the Company.