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TAG Oil reports results for the year ended March 31st 2016

AG Oil Ltd. (TSX: TAO and OTCQX: TAOIF) is pleased to report the results for the fiscal year ending March 31, 2016, in which the Company has successfully implemented and adjusted its growth strategy in light of low oil pricing. TAG has preserved capital, reduced costs, ...
North America | Thursday, June 30, 2016

Oil price volatility highlights uncertainty ahead

The 3 month trend of Brent oil price volatility has reached its highest level since the 2008 financial crisis and before that, the 1st Gulf War in 1990/91. As the chart shows, it is even higher than after 9/11. Yet there have been no developments in oil markets themse ...
North America | Thursday, June 30, 2016

Harvest Natural Resources announces agreement to sell interests in Venezuela

Harvest Natural Resources, Inc. (Harvest or the Company) (NYSE: HNR) today announced that it and its wholly-owned subsidiary, HNR Energia B.V. (HNR Energia), have entered into a Share Purchase Agreement with CT Energy Holding SRL, a private investment firm (CT Energy), ...
South America | Thursday, June 30, 2016

Pacific announces reversion of the Rubiales Field to Ecopetrol after making it the most important oil field in Colombia

Pacific Exploration & Production Corporation announced today the reversion of the Rubiales Field to Ecopetrol, S.A. (NYSE: EC) (BVC: ECOPETROL) (TSX: ECP). As previously announced on March 13, 2015, the Company and Ecopetrol agreed not to extend the Rubiales and Pirir& ...
South America | Thursday, June 30, 2016

Lekoil announces final 2015 results

Lekoil (AIM: LEK), the Africa focused oil and gas exploration and production company with interests in Nigeria and Namibia, announces final audited results for the year to 31 December 2015. All figures are in US dollars unless otherwise indicated. Highlights Operation ...
Africa | Thursday, June 30, 2016

Oil price, Wood Group, Tullow, Independent O&G, And finally...

Oil price With a skip and a jump the oil price is almost back to pre-brexit levels, this is mainly down to better inventory stats this week where both organisations saw a draw of around 4m barrels. In the background there are a number of machinations but the rise in re ...
West Europe | Thursday, June 30, 2016

Independent Resources announces final 2015 results

Highlights First investment made in Egypt through the acquisition of a 25% effective working interest in East Ghazalat Completion of rationalisation of Italian cost base Farm-in discussions continue for Ksar Hadada and a one year licence extension was awarded post year ...
Middle East | Thursday, June 30, 2016

Lundin Petroleum Board resolves on Edvard Grieg transaction

The Board of Directors of Lundin Petroleum AB (Lundin Petroleum) has resolved on the new share issues and share transfer in order to complete the Edvard Grieg acquisition. On 3 May 2016, Lundin Petroleum announced that Lundin Petroleum and its wholly-owned subsidiary L ...
West Europe | Thursday, June 30, 2016

Tullow Oil announces trading statement, provides operations update

Tullow Oil plc issues this statement to summarise recent operational activities and to provide trading guidance in respect of the financial half year to 30 June 2016. This is in advance of the Group's Half Year Results, which are scheduled for release on Wednesday 27 Ju ...
Africa | Thursday, June 30, 2016

Frontera Resources announces 2015 results

Frontera Resources Corporation (AIM: FRR), an independent oil and gas exploration and production company, today releases its audited final results for the year ended 31 December 2015. 2015 Annual Results: Highlights Revenues from crude oil and gas sales for 2015 totale ...
North America | Thursday, June 30, 2016

Wood Group provides trading update for the first half of 2016

John Wood Group PLC, issues the following pre-close trading update for the six months to 30 June 2016. Results for the first half will be released on 16 August 2016. Trading performance We expect financial performance in the first half of 2016 to demonstrate the benef ...
West Europe | Thursday, June 30, 2016

Ikon Science brings new cost and risk reduction solutions into the well decommissioning sphere

Last year's collapse in commodity prices caused the global oil and gas industry to think hard about when to begin decommissioning late life producing assets. For field operators, the bulk of the cost is related to the plugging and abandonment (P and A) of wells. Operato ...
West Europe | Thursday, June 30, 2016

Arsenal Energy closes sale of two properties

Arsenal Energy Inc. (TSX: AEI) (OTCQX: AEYIF.PK) announces that it has closed its two previously announced property sales (approximately 450 boe/d of production) for total gross proceeds of $11.5 million. The proceeds were used to eliminate the Corporation's bank indebt ...
North America | Thursday, June 30, 2016

Wednesday, June 29, 2016

EnerGulf announces participation in Selectron shallow prospect in the Gulf of Mexico

EnerGulf Resources Inc. (TSX VENTURE:ENG)(FRANKFURT:EKS) is pleased to announce that it has made a $200,000 payment for participation in the Selectron Shallow prospect described in the Company's June 9, 2016 news release. Under the terms of the letter agreement with Tex ...
North America | Wednesday, June 29, 2016

Chinook Energy completes disposition of Gold Creek assets

Chinook Energy Inc. (TSX:CKE) is pleased to announce that, further to its news release dated May 25, 2016, it has completed the disposition of certain assets located in the Gold Creek area of Alberta for aggregate consideration of approximately $7.5 million, subject to ...
North America | Wednesday, June 29, 2016

Vermilion Energy acquires producing assets in Germany

Vermilion Energy Inc. (TSX, NYSE: VET) has entered into a definitive purchase and sale agreement whereby Vermilion, through its wholly owned subsidiary, will acquire interests in several production and exploration assets in Germany (the 'Acquisition') from Engie E&P Deu ...
West Europe | Wednesday, June 29, 2016
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