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Friday, May 27, 2016

Ironhorse Oil & Gas announces first quarter 2016 results

Ironhorse Oil & Gas Inc. (TSX-V: IOG) announces its financial and operating results for the three months ended March 31, 2016. Financial and Operation Summary The Company's reported production has decreased 71% to 67 boe/d in the first quarter of 2016 from 231 boe/d p ...
North America | Friday, May 27, 2016

Oil Storage, China Credit Threaten Crude-Price Rally

MANAGE your naphtha and other raw material inventories incredibly carefully over the next few months, as you cannot afford to believe the hype that oil prices have definitively, without doubt, bottomed out. This has to be the only sensible approach for petrochemicals c ...
Asia Far East | Friday, May 27, 2016

49 North Resources acquires additional interest in Westcore Energy

49 North Resources Inc. (TSXV: FNR), 602, 224 - 4th Avenue South, Saskatoon, Saskatchewan, announces that in connection with the sale to Westcore Energy Ltd. of a 100% working interest in the oil and gas properties of Allstar Energy Limited, and the subsequent sale of a ...
North America | Friday, May 27, 2016

Changfeng Energy announces first quarter 2016 results

Changfeng Energy Inc. (TSX VENTURE:CFY) announces that the Company has filed its unaudited condensed interim consolidated financial results for the first quarter ended March 31, 2016. The Company states that revenue had dropped by 3%, gross profit was down by 11% and ne ...
Asia Far East | Friday, May 27, 2016

Gulf Keystone Petroleum receives payment for Shaikan crude oil exports in April 2016

Gulf Keystone Petroleum is pleased to announce that a gross payment of $6.0 million has been received from the Kurdistan Regional Government for Shaikan crude oil exports in April 2016. This is a partial payment of the invoiced amount and the balance is expected to be ...
Middle East | Friday, May 27, 2016

Oil price, Cape, President, Sundry-Genel-IOG, And finally...

Oil price It's a big weekend in a lot of ways but no greater than in the US where it is Memorial Day on Monday which of course signals the start of the driving season and my chance to wheel out a few stats. Over the weekend the AAA predicts that more than 34m Americans ...
West Europe | Friday, May 27, 2016

Clontarf Energy provides end-of-year update

Clontarf maintains an active interest in three countries; Peru, Bolivia and Ghana. In Peru, we have a 3% royalty on all hydrocarbon production arising from Block 183 in central Peru up to a maximum of US$5 million on each of two discoveries. In Bolivia, where we have be ...
Africa | Friday, May 27, 2016

Independent Oil and Gas announces preliminary results for full-year 2015

Independent Oil and Gas plc (AIM: IOG.L), announces its preliminary results for the Year Ended 31 December 2015. The Company will today post the 2015 Annual Report and Accounts and the notice of the Company's Annual General Meeting ('AGM') to its shareholders. The AGM ...
West Europe | Friday, May 27, 2016

President Energy announces final results for full-year 2015

President (AIM: PPC), the oil and gas exploration and production company focused on Paraguay and Argentina announces its full year audited results for the year ended 31 December 2015. Corporate & Financial Highlights Daily production increased in 2015 by 15% to 490 boe ...
North America | Friday, May 27, 2016

Circle Oil proides financial update

Further to the announcements of 15 April and 13 May 2016, Circle Oil plc (AIM:COP) the international oil and gas exploration, development and production company, is pleased to announce that International Finance Corporation ('IFC') has agreed to extend the suspension of ...
West Europe | Friday, May 27, 2016

Elk Petroleum agrees final documentation for restructure of Grieve Project joint venture

Elk Petroleum Ltd (ASX: ELK) is pleased to advise it has reached agreement with Denbury Resources Inc. on the principal definitive agreements for the restructure of the Grieve CO2 Enhanced Oil Recovery (EOR) Project Joint Venture. Grieve Project JV restructure Further ...
North America | Friday, May 27, 2016

Oil Climbs over $50: Can Investors Bank on a Recovery?

The price of a barrel of oil has almost doubled from its low of $28 at the start of the year, prompting speculation that a recovery is underway, which may result in the revival of companies in the exploration, production and services sectors that have foundered since pr ...
North America | Friday, May 27, 2016

DNO receives payment for Tawke oil deliveries in April

DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 16.0 million from the Kurdistan Regional Government as partial payment to DNO and partner Genel Energy plc for April crude oil deliveries to the export market from the Tawke field. The total inv ...
Middle East | Friday, May 27, 2016

Thursday, May 26, 2016

Genel Energy receives $11 million payments for Taq Taq oil sales in April 2016

Genel Energy plc announces that the Taq Taq field partners have received a payment of $11 million from the Kurdistan Regional Government ('KRG') for oil sales during April 2016. Genel's net share of the partial payment for April 2016 Taq Taq oil sales is $6.05 million. ...
Middle East | Thursday, May 26, 2016

Oil market fundamentals continue to weaken as Glencore buys

Global oil traders are having lots of fun as oil market volatility ramps up. Earlier this month, for example, Reuters reported that 'Glencore have got big positions all over the place' in North Sea oil markets: They spotted that N Sea production would be sharply reduced ...
North America | Thursday, May 26, 2016

Striker Exploration announces first quarter 2016 results

Striker Exploration Corp. (TSX VENTURE:SKX) is pleased to announce our operating and financial results for the three month period ended March 31, 2016. FIRST QUARTER 2016 HIGHLIGHTS With the continued pull back of oil prices in early Q1/16 and a greater than 50% drop ...
North America | Thursday, May 26, 2016
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