San Leon announce that all necessary approvals have been obtained to perform the hydraulic fracture work on the Lewino-1G2 well, Gdansk W concession in the Baltic Basin, described in the announcement dated 8 May 2013. Mobilisation will commence shortly, and operations are expected to commence during the first week of July.
Kulczyk Oil Ventures Inc. (WARSAW:KOV), an international upstream oil and gas exploration and production company, advises that the common shares of the Company, which trade on the Warsaw Stock Exchange ("WSE") under the trading symbol 'KOV' will be temporarily suspended from trading starting on Monday 17 June 2013 pending completion of a settlement of the consolidation of its common shares.
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Forest BtL Oy a contract, worth approximately €5 million, for the front-end engineering and design (FEED) of a new second generation biomass-to-liquid* (BTL) plant to be built on Ajos island, Finland. This plant will produce approximately 140,000 tons of biodiesel and naphtha from wood and by-products from the wood-processing industry.
Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(AIM:FOG)(ESM:FAC), is pleased to announce that further to its announcement on 23 May 2013, the first of three exploration wells "Kutvolgy-1", to evaluate the gas potential of the Algyo Formation at a depth of approximately 3,000m in the Mako Trough, was spudded on the 11th June, 2013.
Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company, is pleased to announce a successful production test has been carried out on the Dornesti Sud-1 well, a previous discovery on its 50% owned Suceava gas concession in Romania, with the well testing at a rate of 26,000 cubic metres per day ('m3/day'). The well has now been suspended ready for production.
In September 2011, Poland was riding a wave of optimism as state-owned PGNiG lit a flare at the site of its Lubucino-1 well, becoming the first company to extract shale gas in the highly prospective country. This feat, coupled with the high reserves estimates from various sources worldwide meant the energy future for the nation looked positive.
Petromanas Energy Inc. (TSXV: PMI) provided an update on current and planned exploration initiatives onshore Albania.
On 2 May 2013, Lebanon's newly formed Petroleum Administration and the Ministry of Energy and Water launched the first licensing round in Lebanon's history. Pre-qualified oil and gas companies are invited to bid on Exploration and Production Agreements for 10 offshore blocks in the Sinai-Levant Basin.
The Board of Mediterranean Oil & Gas Plc (AIM: MOG) is pleased to announce that it has reached agreement with Transunion Petroleum Ltd ("Transunion") and Nautical Petroleum Ltd, a subsidiary of Cairn Energy PLC ("Cairn"), to join Cairn in the exploration of offshore Malta Area 3 - Blocks 1, 2 and 3 ("Area 3"). In December 2012 Cairn entered into a three-year Exploration Study Agreement ("ESA") with the Government of Malta for Area 3, which is located in the Sicily Channel covering an area of approximately 6,000 km2 and containing a number of prospective leads.
San Leon Energy has completed a successful stimulation test on the Czaslaw-1 well in the Nowa Sol licence, Poland. The test was designed to obtain critical formation data, including formation pressure, system permeability and skin damage, and involved a limited-volume acid wash followed by a flow period and a shut-in period.
The Board of Mediterranean Oil & Gas Plc (AIM: MOG) is pleased to provide the following update on offshore Malta Area 4, in which the Company has a 25% interest. MOG is pleased to announce that it has reached agreement with Genel Energy Plc ("Genel") to enable the deep-water semi-submersible drilling rig, the "Paul Romano", which Genel has contracted with Noble Corporation ("Noble"), to drill one exploration well offshore Malta Area 4 in the fourth quarter 2013.
FX Energy, Inc. (NASDAQ: FXEN) reported that the Tuchola-3K well flowed gas at rates ranging from 3.
LGO today announces that, further to its statements of 3 and 4 September 2012 and 3 January 2013, a public Case Management Conference ("CMC") was held on 17 May in the Company's action against Mediterranean Oil and Gas Plc ("MOG") in the High Court of England and Wales in regard to the Company's 31 July 2012 sale of its 10% interest in Malta Area 4 PSC to MOG. At the CMC the court refused MOG's application for the Company to provide security for costs; the court approved the timetable to trial, including that disclosure of relevant documents by each party must take place by 19 July 2013; the court ordered that MOG pay to the Company its costs of MOG's failed application.
OMV Petrom, the largest oil and gas producer in Southeastern Europe, announces the implementation of the redevelopment project of Oprisenesti oil field, located in the South-East of the country, in Braila County. The project envisages EUR 90 mn investments until end of 2013.
Talisman Energy Poland B.V.
San Leon is pleased to announce it has signed a framework agreement (the "Agreement") with UOS to provide hydraulic well fracturing services for its Baltic Basin wells in Poland. Under the Agreement UOS can provide drilling, completion and stimulation services and San Leon can pay for certain UOS services in cash or a combination of cash (minimum one-third) and San Leon ordinary shares, at the Company's discretion.
San Leon is pleased to announce that it has regained 100% ownership of the Gdansk W and Braniewo S concessions, and increased its interest to 50% in the Szczawno concession, in Poland's Baltic Basin. In February 2010, Talisman signed a farm-in agreement to earn a 30% working interest in the concessions in return for certain commitments, including drilling one well in each concession, with the option to increase its interest to 60% by drilling a further well in each concession.
San Leon Energy is pleased to announce an update on the DFIT, acid clean out, acid stimulation and short-term test of its Czaslaw-SL1 well in the Permian Basin of Poland. Operations started on 23 April 2013, including the successful injection of 31 cubic meters of an acid based solution designed to clean up near wellbore damage and stimulate the natural fractures within the Main Dolomite reservoir.
Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company, provides an update on the testing of the Jimbolia-100 appraisal well ('Jimbolia-100' or 'the Well') on the Jimbolia oil concession in Romania. As previously announced: drilling logs acquired from the Well indicate the presence of hydrocarbons in multiple sands, which are consistent with the two previous discovery wells drilled on the concession: Jimbolia-1 which tested oil at 120bopd and Jimbolia-6 which tested oil at 36bopd; and four targets in the Well have been identified for perforation and testing: first target 2,559m to 2,565m; second target 2,547m to 2,550m; third target 2,533m to 2,536m; and fourth target 2,522m to 2,526m.
3Legs Resources plc, an independent oil and gas group focusing on the exploration and development of unconventional oil and gas resources, announces the following operational update. Key points Lebien LE-2H horizontal well Preparations are under way for a third phase of testing of the Lebien LE-2H horizontal well, drilled in the lower Ordovician horizon, and testing equipment has now been mobilised to the location.
FX Energy, Inc. (NASDAQ: FXEN) reported results of a drill stem test (DST) on the Tuchola-3K well in north-central Poland.
San Leon is pleased to announce it has today signed an amendment ("Amendment") to its Petroleum Sharing Contract ("PSC") for the Durresi Block, offshore Albania, where the Company holds a 100% operating interest. The Amendment alleviates the tight timelines that existed in the current phase of the PSC, where San Leon would have had a requirement to drill an exploration well in 2013.
Ascent Resources plc, the AIM listed European oil and gas exploration and production company, announces that it has agreed to dispose of its 48.66% interest in PetroHungaria Kft, which held its interest in the Penészlek field, to their joint venture partners, DualEx Energy International, Swede Resources and Geomega for a cash consideration of €450,000.
FX Energy, Inc. (NASDAQ: FXEN) reported on testing two of its wells in Poland.
Petromanas Energy Inc. (TSXV: PMI) announced that it has cased the Shpirag-2 well to the top of the main objective carbonate reservoir at a depth of 5,164 metres.
Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company, is pleased to announce the signing of a data sharing agreement between Chevron Romania Exploration and Production SRL ('Chevron'), a subsidiary of Chevron Corporation (NYSE: CVX) and Zeta Petroleum (Romania) SRL and Raffles Energy SRL ('Raffles'). The agreement covers the exchange of well data and similar information relating to the 2,403 sq km Suceava gas concession in Romania (50% Zeta; 50% Raffles), and the adjoining 6,284 sq km Chevron-operated Barlad concession.
San Leon Energy is pleased to announce that its planned stimulation and test of the Czaslaw-1 well on the Company's Nowa Sol Concession in the Permian Basin of Poland will begin on April 22, 2013 with the mobilisation of coiled tubing, nitrogen lift equipment, and surface test equipment from Vechta, Germany. Recent measurements of the well have shown that the well is building pressure.
ADX Energy Ltd (ASX:ADX) reports that approximately 90 km of the 2D seismic acquisition program has been completed in the ADX operated EX 10, Parta license ('Parta Permit') onshore Romania and seismic data processing has commenced. Due to adverse weather conditions resulting in unusually heavy rains and local flooding the seismic acquisition program has been temporarily suspended until about mid July.
San Leon Energy is pleased to announce that its planned diagnostic formation injection test ("DFIT") and frac of the Siciny-2 well in the SW Carboniferous Basin of Poland will begin on April 22, 2013 with the mobilisation of a coiled tubing unit to the well site. The Company estimates the following timeline: 24 April 2013 - mill out cement and pressure test the well 27 April 2013 - run vertical seismic profile (VSP) 2 May 2013 - upgrade the well head to 15,000 psi 8 May 2013 - perforate the well, perform DFIT and observe formation pressure for 3-4 weeks Early June 2013 - perform two-stage vertical fracIn 2012, the Company successfully drilled the Siciny-2 well to 3,520 meters and based upon initial results encountered over 250m of gas saturated tight gas sands with over 200 BCF of gas per square mile, and vintage data, the Company estimates the net Prospect Resource potential of the Carboniferous play on its concession in Poland to be over 60 TCF of recoverable gas.
Petrosonic Energy, Inc. (OTCQB: PSON), an emerging leader in heavy oil upgrading and related technologies, announced today the execution of a new Master Toll Services Agreement with an Albanian energy company.
FX Energy, Inc. (NASDAQ: FXEN) reported a successful drill stem test (DST) of the Company's Mieczewo-1K well.
San Leon Energy has signed a Memorandum of Understanding ("MOU") with Halliburton Company Germany GmBH Sp. Z.
East West Petroleum Corp. (TSX VENTURE:EW) announce that East West and its partner Naftna Industrija Srbije ("NIS") have received approval from the Romanian National Agency for Mineral Resources ("NAMR") to proceed with the proposed Phase 1 work program for the EX-2 Tria Concession, Romania, which will take place over 2013 and 2014.
FX Energy, Inc. (NASDAQ: FXEN) reported that the Mieczewo-1K well has reached a depth of 3,380 meters at the base of the Zechstein.
Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company, is pleased to announce that logs acquired from the Jimbolia-100 appraisal well ('Jimbolia-100' or 'the Well') on the Jimbolia oil concession in Romania indicate the presence of hydrocarbons in multiple sands, which are consistent with the two previous discovery wells drilled on the concession: Jimbolia-1 which oil tested at 120 bbls/day and Jimbolia-6 which tested oil at 36 bbls/day. Accordingly, a decision has been made to flow test the Well, the cost of which will be funded 100% by the Operator, NIS Petrol SRL (a wholly owned subsidiary of NIS Gazprom Neft).
Mediterranean Oil & Gas Plc (AIM: MOG) announce that it has successfully completed the sale of 75% of MOG's shareholding in its wholly owned subsidiary, Phoenicia Energy Company Ltd ("PECL"), to Genel Energy plc ("Genel"). PECL owns the rights to exploration activity in Malta Offshore Area 4.
Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company, is pleased to report the Jimbolia-100 appraisal well ('Jimbolia-100' or 'the Well') on the Jimbolia oil concession in Romania, which commenced drilling on 31 December 2012, has reached its target depth of 2,590 metres. The Well will now be logged and a 7 inch liner run into the bottom section of the hole.
Mediterranean Oil & Gas Plc (AIM: MOG) is pleased to announce that it has signed a Service Order with AGR Well Management Limited for the provision of drilling engineering and rig procurement support for the drilling of the Hagar Qim 1 well, forecast to be spud in 4Q 2013 pending sourcing a rig for the operations. In addition, the Company has received clearance from HM Revenue and Customs in respect of the application of the substantial shareholding exemption to the sale by the Company of 75% of its shareholding in Phoenicia Energy Company Ltd to Genel Energy plc ("Genel").
Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company, is pleased to provide an update on the Jimbolia-100 appraisal well ('Jimbolia-100' or 'the Well') on the Jimbolia oil concession in Romania (39% Zeta; 51% NIS Petrol SRL (Operator); 10% Armax Gaz SA). The Well is targeting the Jimbolia Veche oil discovery which has two hydrocarbon bearing intervals and a current Pmean contingent resource of 1.
Petromanas Energy Inc. (TSXV: PMI) provided an update on its Albanian operations, including its ongoing drilling and seismic programs on Blocks 2-3.
Total announces that it has signed two production sharing contracts (PSCs), for Blocks 10 and 11, with the Republic of Cyprus. The PSCs were awarded as part of the second offshore exploration licensing round, launched by the Cypriot government in 2012.
San Leon is pleased to provide the following update to its Durresi Block, offshore Albania, that contains the Alban Structure and where the Company holds a 100% operated interest. San Leon internal management estimates for the Alban Structure indicate it contains prospective resources of approximately 3.
FX Energy, Inc. (NASDAQ: FXEN) reported that production has started from the Winna Gora production facility.
On February 1, 2013 Rosneft President and Chairman of the Management Board Igor Sechin visited Hamburg to sign a contract for supply of crude oil via the Druzhba pipeline to Poland, where the crude will be purchased by PKN Orlen, owner of the Plotsk refinery. The amount of the contract equals to ca.
Polski Koncern Naftowy ORLEN S.A.
Polski Koncern Naftowy ORLEN S.A.
Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company provides its quarterly activities review for the period ended 31 December 2012. Highlights: Suceava (50% Zeta, 50% Raffles Energy - operator) Existing production at Climauti gas field remains stable at approximately 15,500 cubic metres per day (m3/day) generating net revenues to Zeta of US$25,000 per month Well commitment on the Suceava concession fulfilled by drilling the Musenita-1 exploration well Feasibility study to commence on bringing two existing gas discovery wells on Suceava into production in 2013 to potentially significantly increase Zeta’s net production - targeting additional revenues net to Zeta of approximately US$75,000 per monthJimbolia (39% Zeta, 51% NIS Gazprom Neft - Operator, 10% Armax) Completion of Farm-out Agreement with NIS Gazprom Neft on the Jimbolia concession Drilling commenced at the Jimbolia-100 well operated by NIS Gazprom Neft on 31 December 2012, target depth 2,590m Well targeting the Jimbolia Veche discovery with two hydrocarbon bearing intervals and a current Pmean contingent oil resource of 1.
Eni signed Exploration and Production Sharing Contracts with the Ministry of Commerce, Industry and Tourism of the Republic of Cyprus, for Blocks 2, 3 and 9 located in the Cypriot deep offshore portion of the Levantine basin, which encompass an area of around 12,530 square kilometres, thus marking the entry of Eni in the Country. Eni was awarded the three blocks whilst leading a consortium formed by Eni (80%, as operator) and the Korean company Kogas (20%) in an international competitive tender (Cyprus 2nd Offshore Licensing Round) which was completed in May 2012.
Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company, is pleased to announce a positive update on its 50% owned Suceava gas concession in Romania, covering an area of 2,403 sq km upon which the producing Climauti gas field is located. Raffles Energy S.
FX Energy, Inc. (NASDAQ: FXEN) today reported that drilling has commenced on the Mieczewo-1K exploration well.
Polski Koncern Naftowy ORLEN S.A.
Polski Koncern Naftowy ORLEN S.A.
Polski Koncern Naftowy ORLEN S.A.
LGO today announces that, further to its statements of 3 and 4 September 2012, it has today issued proceedings against Mediterranean Oil and Gas Plc ("MOG") in the High Court of England and Wales in regard to the Company's 31 July 2012 sale of its 10% interest in Malta Area 4 PSC to MOG. LGO's Chief Executive, Neil Ritson said: "We have repeatedly asked MOG to answer simple questions explaining the facts at the time the Company agreed to sell its interest and since we have not had what we regard as satisfactory answers, LGO's board has found itself with no option but to seek relief through the Courts.
FX Energy, Inc. (NASDAQ: FXEN) reported that the drilling rig from the Kutno-2 well has been moved to the Tuchola-3K location and drilling operations are underway.
San Leon is pleased to announce a year end update on its Nowa Sol operations. The Nowa Sol exploration program is designed to test both the conventional potential and significant unconventional potential of the self-sourcing Permian Main Dolomite (Ca2).
Klaipedos Nafta, AB has declared Kauno dujotiekio statyba, AB and Šiauliu dujotiekio statyba, UAB consortium the winner of its international tender 'Procurement of Engineering, Procurement and Construction (EPC) Works for Natural Gas Pipeline System' was selected. During the implementation of the international tender of Klaipedos Nafta, AB 'Procurement of engineering, procurement and construction (EPC) works for natural gas pipeline system' 2 final tender offers were submitted by 20 December 2012.
Polski Koncern Naftowy ORLEN S.A.
Polski Koncern Naftowy ORLEN S.A.
Sterling Resources Ltd. (TSX-V: SLG) announce a gas discovery following the drilling of the Eugenia-1 well drilled in the Black Sea offshore Romania.
The requested guarantee is for 20% of the consideration. Vetro Energy further confirms that, although there is still significant work ahead and a guarantee of this nature is customarily submitted only after a formal contract is signed, it is prepared to provide such a performance guarantee.
3Legs Resources plc, an independent oil and gas group focusing on the exploration and development of unconventional oil and gas resources, announces the following operational update. Highlights Substantially improved performance achieved on the further testing of Lebien LE-2H horizontal well Drilling of the Strzeszewo LE-1 vertical well, the Company's fifth well in the Baltic Basin, completed; extensive suite of logs has been run on the well, data now undergoing processing and analysis Preparations continuing for the Company's previously-announced 2013 drilling programmeOperational update Further testing of Lebien LE-2H horizontal well During further testing, the Lebien LE-2H horizontal well flowed natural gas from the Ordovician horizon for a 21-day natural flow test, without any artificial lift, flowing at an average rate of 550 mscf/d through 3½ inch tubing from 31 October to 21 November 2012, when testing was suspended.
Nord Stream AG has been informed that the Estonian Government has decided not to grant a permit to conduct a survey in Estonian exclusive economic zone waters (EEZ). Nord Stream is yet to review the legal reasons for such a refusal which will only be possible after receiving an official notification from the Estonian Government.
East West Petroleum Corp. (TSX VENTURE:EW) report it has received final approval from the Government of Romania to commence operations on its 1000 sq.
Mediterranean Oil & Gas Plc (AIM: MOG) is pleased to announce that the Government of Malta has granted a one year extension of the first exploration phase of the Production Sharing Contract ("PSC") for Malta Offshore Area 4 ("Area 4") to January 2014. The Area 4 PSC licence is currently owned 100% by MOG through its wholly owned subsidiary, Phoenicia Energy Company Limited ("PECL").
Petromanas Energy Inc. (TSXV: PMI) announced the Juban-1 well located on Block A onshore Albania has spud, set surface casing and is drilling ahead.
Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company, announces that the Musenita-1 exploration well ('Musenita') on the producing Suceava gas concession in Romania (50% Zeta; 50% Raffles Energy S.R.
Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN", "Company") hereby announces that on 29 November 2012 the Supervisory Board of PKN ORLEN approved the document "PKN ORLEN Strategy 2013-2017" ("Strategy"). The Strategy assumes: - ensuring of possibilities of dividend payments for shareholders, - achieving of increase in operating cash flow and EBITDA according to LIFO, - realization of investment program directed to the Company's development, including Upstream and Energy segments, - maintaining of financial ratios at safe levels.
Further to the announcement of 6 June 2012, San Leon Energy Plc announces the issue of 85,425,654 new ordinary shares of €0.05 each in the Company ("Shares") in satisfaction of the acquisition of 75% working interests in three Polish concessions held by Hutton Energy Plc ('Hutton').
STEALTHGAS INC. (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 third quarter and nine months ended September 30, 2012.
Cuadrilla Resources announces the award of the Pionki Exploration Licence in Poland. The licence covers an area of 207,372 acres (827.
UGI Corporation (NYSE: UGI) today announced that its subsidiary, Flaga GmbH, has reached a definitive agreement to acquire the liquefied petroleum gas (LPG) distribution business of BP in Poland. BP's Polish LPG business distributed over 150 million gallons of LPG in 2011 and serves the residential, commercial, autogas, and wholesale segments.
Polskie LNG Company, established to construct and operate the liquefied natural gas (LNG) terminal in Swinoujscie (Poland), on November 20th, 2012 launched a market research procedure (so-called Market Screening) to assess the demand for the technical expansion of the terminal and the provision of additional services. The facility built in Swinoujscie is the first infrastructure project of this kind not only in Poland, but also in Central and Eastern Europe.
Further to the filing of a bid by the partnerships in a consortium in the scope of the published tender by the Cypriot government to acquire exploration rights and production of oil and / or natural gas rights in the territorial waters of Cyprus (the "Offer"), the Delek Group Gas Partnerships announced that as of the date of this report, the consortium members were not invited to participate in negotiations on the Offer which was submitted. However, the consortium received a letter from the Minister of Trade Industry and Tourism of Cyprus (the minister responsible for energy issues in Cyprus), according to which the validity of the Offer was extended until May 26, 2013 ("Extension Request").
Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company, is pleased to announce the Musenita-1 exploration well ('Musenita') on the producing Suceava gas concession in Romania (50% Zeta; 50% Raffles Energy S.R.
Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company, is pleased to provide an update on the Bobocu gas field project (‘Bobocu’), Romania, in which the Company has a 100% interest. Overview: Geological model at Bobocu substantially improved and refined following incorporation of Bobocu 310 well data including well log and pressure evaluation work New data indicates that the Bobocu 310 well is located at the edge of a reservoir lobe and down-dip from the remaining gas Multiple gas shows during drilling in September 2012 and wireline logs indicate presence of gas bearing reservoir at Bobocu Newly acquired shear sonic logs are now being used to fine tune 3-D seismic data through seismic inversion to further improve the geological model Company examining the suitability of using existing 310 well for a sidetrack Management confident Bobocu field remains a highly prospective development project Multiple wells required to bring Bobocu into full field production - 100% interest provides various development optionsZeta Petroleum plc Managing Director Stephen West said, “With the improved geological model at our Bobocu project we remain confident that the previously producing Bobocu field is prospective and can be brought back into production.
Sterling Resources Ltd. (TSX-V: SLG) ("Sterling" or "the Company") announces the results of the exploration well on the Ioana prospect in Block 15 Midia in the Romanian Black Sea.
3Legs Resources plc (the "Company"), an independent oil and gas group focusing on the exploration and development of unconventional oil and gas resources, announces the following operational update. Key points The Company commenced further testing of the Lebien LE-2H horizontal well on 27 October 2012, flowing natural gas initially with the assistance of a nitrogen lift.
Warsaw hosted a working meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Grazyna Piotrowska-Oliwa, President of the PGNiG Management Board. The meeting resulted in an agreement to adjust prices in the contract on natural gas supplies to Poland.
FX Energy, Inc. (NASDAQ: FXEN) reported that after evaluating the data from the Kutno-2 well a decision to plug and abandon the well has been made.
Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company provides its quarterly activities review for the period ended 30 September 2012. Highlights: c Acquisition completed of 50% interest in producing Suceava gas concession ('Suceava') Preparations made towards the drilling of the Musenita-1 well targeting a new gas field near the producing Climauti Gas Field on Suceava; operated by Raffles and due to spud in November 2012 51% interest in Jimbolia oil concession ('Jimbolia') successfully farmed out to NIS Gazprom Neft a company 56% owned by Gazprom - the largest producer of natural gas worldwide Settled dispute with former partner on Jimbolia concession Planning underway for Jimbolia-100 well; due to spud in December 2012 targeting oil production in 2013 A well drilled ('Bobocu-310'), tested and suspended at the Bobocu gas field project ('Bobocu') Despite encountering multiple gas shows whilst drilling and the wireline logs indicating gas bearing reservoirs, initial testing of Bobocu-310 well did not yield commercial gas The Bobocu-310 well data is now being analysed and evaluated with results of the updated geological model expected shortly 6,000 sq km of prospecting permits in the eastern Moldavian region of Romania with the rights for data and opportunity to bid for licences Assessing other onshore oil and gas opportunities within Romania and Eastern Europe that may complement and enhance Zeta's current portfolio Strong cash position of A$3.
Further to recent media reports regarding Nafta Industrija Srbije AD, the Serbian oil and gas company controlled by OAO Gazprom Neft, Ascent Resources plc, the AIM listed European oil and gas production and exploration company confirms it is in negotiations with a number of parties regarding a farm out of its Slovenian asset. At this point, there can be no guarantee an agreement will be reached.
FX Energy, Inc. (NASDAQ: FXEN) issued an update on two wells currently drilling in Poland.
San Leon Energy is pleased to announce that it has spud the Czaslaw SL-1 well on the Nowa Sol concession (San Leon 100%) in the Southern Permian Basin, Southwest Poland. The Czaslaw SL-1 is the second exploration well on this concession and is focused on the Main Dolomite trend.
Sterling Resources Ltd. (TSX-V: SLG) announce that it has signed a sale and purchase agreement with ExxonMobil Exploration and Production Romania ("EMEPR") and OMV Petrom for the sale of its 65 percent interest in a portion of the Block 15 Midia in the Romanian Black Sea (the "Sale Portion").
Sterling Resources Ltd. (TSX-V: SLG) is providing current resources estimates for its properties offshore Romania.
Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company, is pleased to announce the completion of the Farm-Out Agreement (‘FOA’) with NIS Gazprom Neft (‘NIS’) for a 51% working interest in the Company’s Jimbolia Oil Concession (‘Jimbolia Concession’). The Jimbolia Concession consists of two discoveries, Jimbolia Veche and Jimbolia Vest, located in the east of the proven and producing Pannonian Basin in Romania.
Mediterranean Oil & Gas Plc (AIM: MOG) is pleased to announce the results of an independent evaluation of Malta Offshore Area 4 ("Area 4") currently owned 100% by MOG through its wholly owned subsidiary, Phoenicia Energy Company Limited ("PECL"). PECL entered into a farm-out agreement with Genel Energy Plc in August 2012 to sell 75% of PECL's interest in Area 4.
Wisent Oil & Gas plc, the independent oil and gas exploration company with significant acreage onshore Poland, announces that two of its concessions have been converted to exploration concessions with an entitlement to conduct drilling operations. The adjacent Lidzbark Warminski and Ketrzyn concessions, which cover parts of blocks 73, 74 and 75, are located onshore in the Baltic Basin, northeast Poland.
Sterling Resources Ltd. (TSXV: SLG) announce that drilling operations have commenced at the Ioana gas prospect in Block 15 Midia in the Romanian Black Sea utilizing the Grup Servicii Petroliere SA ("GSP") cantilever-type jack-up drilling rig "GSP Jupiter".
Aurelian, the European focussed E&P Company, today announces its Interim Results for the six months ended 30 June 2012. Financial Highlights Cash Balance at 30 June 2012 €51,386,000 (31 December 2011: €63,413,000).
Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company is pleased to provide a positive update on its project portfolio and development programme. Overview: Multi-stage, multi-project portfolio in Romania covering proven working hydrocarbon systems Highly active development programme aimed at unlocking inherent portfolio value Active drilling campaign with two wells being drilled in Q4 2012 targeting identified shallow and deep targets Fully funded shallow exploration well to be drilled on the Suceava concession in November 2012 by Raffles Energy, targeting one of multiple potential shallow targets NIS Gazprom Neft fully funding appraisal well on the proven Jimbolia concession in December 2012 - follows signing of Joint Venture in August 2012 Updated geological model for Bobocu expected to be released by late October 2012 to lead to future well targeting and potential Production from Suceava generating cash towards covering overheads - current cash position of c.
Following the Lelchow SL-1 Update dated August 30, 2012 that confirmed an oil find on the Company's Nowa Sol Concession in the Southern Permian Basin in southwest Poland (San Leon 100%), the Company is now proceeding with the planned completion for the well. Well completion has been designed for near-term commercial production from the well.
Underground Energy Corporation (TSXV: UGE), (OTCQX: UGGYF) today confirmed significantly improved operational performance from its Gabriel 1-35 well at Burrel, in the San Joaquin Valley following optimization work carried out by the Company. Online efficiency at this well has increased from 59% in Q2 to 85% in August.
The 3D seismic acquisition survey, carried out by LUKOIL Overseas, LUKOIL's subsidiary, is underway on East Rapsodia and Trident blocks in the Romanian Sector of the Black Sea. Seismic operations are being carried out by geophysical services provider CGGVeritas, after it won the respective tender, and will be completed in November 2012.
FX Energy, Inc. (NASDAQ: FXEN) today provided the following update on the status of the Company's operations in Poland.
BNK Petroleum Inc. (TSX: BKX) provides the following update on its operations in Poland and Oklahoma.
Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company, announces that it has suspended the Bobocu 310 well, the first of six targets aimed at exploiting the 100% owned historically producing Bobocu Gas Field. Initial testing of the well did not yield commercial gas, despite encountering multiple gas shows whilst drilling and the wireline logs indicating gas bearing reservoirs.
Melrose Resources announces that it has agreed to farm-out 30 percent of its equity in the Est Cobalcescu exploration concession (the "Concession") to Beach Petroleum (CEE) S.R.
Bankers Petroleum Ltd. (TSX: BNK) (AIM: BNK) announce its participation in the bid submission for the privatization of Albpetrol Sh.