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Torchlight Energy announces first quarter 2014 drilling results
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) provided updates on its field operational results through the first quarter ended March 31, 2014. The Company increased daily production to over 250 BOEPD at the end of the first quarter of 2014, more than double compared ...
North America
Africa Hydrocarbons provides details on the re-completion operations at BHN-1 well in Tunisia
Africa Hydrocarbons Inc. (TSX VENTURE:NFK) provided the following operational update regarding the Company's BHN-1 exploration well on the Bouhajla Permit (47.5% WI) in northeastern Tunisia. The Company has completed preparations for the re-completion of its BHN-1 ...
Middle East
Magnum Energy announces Provost disposition will not proceed
Magnum Energy (TSX VENTURE:MEN) announces that closing of the previously announced transaction with Artisan Energy Corporation ("Artisan") to sell Magnum's 50% working interest in the Provost area of Alberta (the "Provost Asset") for consideratio ...
North America
Hydrocarb receives final results of Owambo gravity and magnetics survey
Hydrocarb Energy Corporation (OTCQB:HECC) today announced that it has received the final comprehensive report on its recently acquired high-resolution aerial gravity and magnetics survey flown over its Owambo Basin exploration concession in Northern Namibia. The indepe ...
Africa
Britain to sell fewer bonds in 2014-2015 due to stronger economic outlook
According to a survey from Reuters, Britain will decrease the number of government bonds sold in the coming financial year, as stronger economic growth and public finances reduce borrowing needs. Britain experienced faster than predicted economic growth through 2013, ...
West Europe
Octagon 88 Resources announces plans to spud first horizontal proudction well on Bluesky formation
Octagon 88 Resources (OCTX) is pleased to announce that the operator of the Manning projects has advised Management to spud the first horizontal production well in the Bluesky Gething formation. Octagon 88 anticipates to receive spud dates from the operator post the gr ...
North America
Pacific Rubiales provides first quarter 2014 operational update
Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) today provided an operational update for its first quarter 2014 operating results, which includes estimates of production and sales volumes, price realizations, and operating netbacks, summarized as fo ...
North America
Hess announces sale of its Thailand assets
Hess Corporation announced today it has sold its interests in both the Sinphuhorm and Pailin Fields located in Thailand to PTT Exploration and Production Public Company Limited for a total after-tax consideration of approximately $1.0 billion, effective July 1, 2013. To ...
Asia Far East
Cancellation of Matra's admission to trading on AIM
Matra Petroleum Plc, the oil & gas focused Investing Company, announces that at the Company's EGM held today, the resolution to approve the cancellation of the admission of the Company's ordinary shares to trading on AIM was duly passed. Accordingly cancellation ...
West Europe
Iraq: Electoral infighting means continued legislative limbo for the oil law
There are two conflicts raging in Iraq at the moment: the continuing extremist and counter-extremist operations in the northern provinces, and the political conflict that has ignited over the forthcoming elections. In the last two weeks there have been assassination at ...
Middle East
Pacific Rubiales provides update on STAR Technology discussions with Ecopetrol
Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced that members of its Executive Committee met on April 22 with members of Ecopetrol, S.A. ("Ecopetrol") Business Committee to review the current status of the Pilot Project employing ...
South America
Major subsea contract sees Expro expand operations in Azerbaijan
Leading international oilfield services company, Expro, has secured a milestone subsea contract with BP for the Shah Deniz Stage 2 project in the South Caspian Sea, one of Expro's largest Europe CIS contracts to date. The 5-year contract, worth almost $100m, will s ...
Russia FSU
Libyan Stability Snapshot: political ins and outs, abductions, ports and oil supply chains
The sudden resignation of interim Libyan Prime Minister Abdullah al-Thinni on 14 April 2014 sees the loss of a moderate politician who had proved himself able to mediate between warring groups in the South and East of the country. Al-Thinni announced his resignation af ...
Middle East
Red Mountain Resources reports continued success at Madera asset
Red Mountain Resources, Inc. (OTC QB: RDMP), a growth oriented energy company engaged in the acquisition, development, and exploration of oil and natural gas properties, announced the following operational update. MADERA AREA (Lea County, NM) RMR has seven producing w ...
North America
Gale Force to fetch $5.00 more per barrel of oil produced under new contract
Gale Force Petroleum Inc. (TSXV: GFP) (OTCQX: GFPMF) announced that it has entered into a new oil purchase contract with Lion Oil Trading (the "Oil Sales Contract"), pursuant to which the Company will receive an average increase of over $5.00 per barrel after ...
North America
US Oil Sands Inc. announces approval of U.S. patent application & filing of resource evaluation report
US Oil Sands Inc. (TSXV: USO), a company focused on oil sands exploration and production in Utah, today announced approval of its U.S. patent application and the filing of its 2013 independent resource evaluation report. "The successful approval of our U.S. patent ...
North America
Ironhorse Oil & Gas announces 2013 fourth quarter and year end results
Ironhorse Oil & Gas Inc. (TSXV: IOG) announces its fourth quarter and full year 2013 financial and operating results and year-end reserves information. The Company's year-end reserves evaluation with the effective date of December 31, 2013 was prepared by GLJ Petro ...
North America
Hercules Offshore provides April fleet status report update
Hercules Offshore, Inc. (Nasdaq: HERO) announced that it has published the April Fleet Status Report ("the Report"). The Report includes the Hercules Offshore Rig Fleet Status (as of April 22, 2014), which contains detailed contract information for each of the ...
North America
Longreach prepares to drill into target Liassic formation with Kamar-1 well in Morocco
Longreach Oil & Gas (TSXV: LOI) is about to drill into the targeted Lower Liassic formation, the first prospective zone, with the Company's second Moroccan exploration well - Kamar-1 - on the Sidi Moktar onshore licence. "We have set intermediate casing in Kam ...
North Africa
Jura Energy announces commencement of drilling in Badar lease
Jura Energy Corporation (TSX:JEC) announced that the drilling of Badar-2 development well has commenced in the Badar lease. The projected depth of the well is 1,445 meters, which will target the Sui Main Limestone formation of Eocene age. Anticipated future incremental ...
Middle East