Alternative Investment Market News

Latest News

Thursday, July 24, 2014

President Energy - Lapacho adds to Jacaranda drilling
President Energy (PPC) announced the spudding of the historic Jacaranda well on 16 June. Jacaranda is the first well to be drilled in Paraguay in many years and is the first in a three-well programme that has the potential to de-risk over 1bnboe of gross unrisked resour ...
South America | Thursday, July 24, 2014
Edge Resources doubles credit facilities and lowers financing cost
Edge Resources Inc. announce that it has agreed a new revolving demand loan facility of up to $17 million (the "Facility") with ATB Corporate Financial Services ("ATB"). This Facility more than doubles the Company's existing credit facilities, an ...
North America | Thursday, July 24, 2014
Northern Petroleum awarded two permits in Italy
Northern Petroleum, the AIM quoted oil company, announces that it has been awarded two permits in Italy. One permit, Cascina Alberto, is onshore in the Po Valley and the other, C.R149.NP, is offshore in the Sicily Channel adjacent to the Northern Petroleum operated perm ...
East Europe | Thursday, July 24, 2014

Wednesday, July 23, 2014

Urals Energy: ADRA dismissed by Moscow Arbitration Court
Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, announces that on 21 July 2014 the Moscow arbitration court dismissed the claim of UEN Cyprus Limited in respect of a case to recover the sum of US$41,652,000 from ...
Russia FSU | Wednesday, July 23, 2014
Chariot Oil & Gas announces results of placing of ordinary shares
Chariot Oil & Gas Limited (AIM: CHAR) announce that, following the launch of a proposed placing Monday 21 July 2014 (the "Placing"), it has successfully placed 58,596,038 new Ordinary Shares (the "Placing Shares") at a price of 15 pence per share (th ...
West Europe | Wednesday, July 23, 2014
Max Petroleum announces strategic review and formal sale process
Max Petroleum yesterday announced that it is launching a review of strategic options open to the Company with the intention of maximising value for shareholders. The review of strategic options may include a corporate transaction such as a merger with, acquisition of o ...
North America | Wednesday, July 23, 2014
Sirius Petroleum announces conditional placing and subscription to raise up to USD $20.0m
Sirius Petroleum (AIM:SRSP), the Company focused on oil and gas development and production opportunities in Nigeria, is pleased to announce that it has conditionally raised gross proceeds of up to US$20,000,000 by way of a placing and a subscription (the "Placing a ...
Africa | Wednesday, July 23, 2014
Sound Oil announce the issue of shares in respect of the final equity tranche of the £14 million institutional funding
Sound Oil, the Mediterranean focused upstream oil and gas company, is pleased to announce the issue of shares in respect of the final equity tranche of the £14 million institutional funding first announced by the Company on 25 April 2014. The Company has issued a ...
West Europe | Wednesday, July 23, 2014
Roxi Petroleum currently awaiting additional heavy drilling fluids to reach drill site
Roxi Petroleum provides an update following the announcement on 9 July of oil and gas shows having been encountered at the deep well A5 at the BNG contract area. The Company is currently awaiting additional heavy drilling fluids to reach the drill site which are requir ...
Russia FSU | Wednesday, July 23, 2014
Jupiter Energy announces quarterly update on activities for the period to 30 June 2014
Jupiter Energy Limited (ASX: "JPR", AIM: "JPRL" and KASE: "AU_JPRL") presents the following update on activities for the 3 month period ending 30 June 2014 (the "Quarter"). Also included in this report are details of subsequent ev ...
Russia FSU | Wednesday, July 23, 2014

Tuesday, July 22, 2014

Frontier Resources provides an operational update on its activities in Namibia
The Board of Frontier (AIM Ticker: FRI), the AIM - traded international oil and gas exploration company with assets in Oman, Zambia and Namibia is pleased to provide shareholders with the following operational update on its activities in Namibia. Frontier's Blocks ...
Africa | Tuesday, July 22, 2014
Kea Petroleum announces that drilling of Puka-3 has commenced
Kea Petroleum plc (AIM: KEA), the oil and gas company focused on New Zealand, is pleased to announce that drilling of Puka-3 has commenced using the Drill Force Rig 6. Puka-3 is targeting Mt Messenger formation sands at about 1,580m True Vertical Depth which have been ...
Australasia | Tuesday, July 22, 2014
Leni Gas & Oil announce that well GY-667 has intersected 187 feet of net oil pay
Leni Gas & Oil announce that well GY-667, the fourth of its planned 30 new development wells at the Goudron Field in Trinidad, and the third well from this drill pad, has intersected 187 feet of net oil pay in the Goudron sandstones based on analysis of the electric log ...
Central America | Tuesday, July 22, 2014
Chariot Oil & Gas intends to conduct a placing to raise proceeds of up to US$15 million
Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, announces that it intends to conduct a placing (the "Placing) to raise proceeds of up to US$15 million (approximately £8.8 million). The Placing is being con ...
North America | Tuesday, July 22, 2014

Monday, July 21, 2014

Oilex announces commencement of gas flaring operations
Oilex Ltd (ASX: OEX, AIM: OEX) announce that following successful mill-out operations the Cambay-77H well has commenced controlled flow-back of frac fluids with light oil/condensate being recovered to surface and separated for sale along with associated reservoir gas. G ...
Asia Far East | Monday, July 21, 2014
Clontarf Energy: Conversion of Director loans
Clontarf announced this morning the intended conversion of directors loans, in order to strengthen the Company's balance sheet. Conditional upon admission the Board has issued 70,302,632 new ordinary shares in repayment of these directors loans and accrued remunerat ...
West Europe | Monday, July 21, 2014