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Friday, November 28, 2014

Calvalley Petroleum announces the resignation of director
Calvalley Petroleum Inc. (TSX: CVI.A) announces that effective immediately Mr. Ken Stephenson will be retiring from the Board of Calvalley for personal reasons. The Board of Directors and Chairman Mr. Shimoon wishes to thank Ken for his contributions to the Company as ...
North America
Sea Dragon Energy announces third quarter 2014 financial and operating results
Sea Dragon Energy Inc. (TSXV: SDX) announces its 2014 third Quarter Financial and Operating Results (the "Quarter" or "Q3 2014"). Third Quarter 2014 Highlights: Operational Performance Completed the North West Gemsa work-over program during the q ...
Middle East
Deloitte: Licensing rounds
Thailand 21st Petroleum Concession Bidding Round The Thailand Ministry of Energy launched the 21st Petroleum Bidding Round on 21 October 2014. 29 blocks comprising of 23 onshore and 6 offshore blocks have been offered in the round. Of the 23 onshore blocks 17 are locat ...
Asia Far East
Sterling Resources announces financing arrangements
Sterling Resources Ltd. (TSX-V: SLG) announces that its United Kingdom ("UK") subsidiary Sterling Resources (UK) plc ("Sterling UK") has today summoned a meeting of holders ("Bondholders") of its US$225 million senior secured bond with curr ...
North America
Contact Exploration announces results for the three and six months ended September 30, 2014
Contact Exploration Inc. (TSX VENTURE: CEX) announce that it has filed its interim condensed consolidated financial statements as at and for the three and six months ended September 30, 2014 and the related management's discussion and analysis ("MD&A") on ...
North America
Tuscany Energy reports significant financial and operating improvements for the nine months ended September 2014
Tuscany Energy report on a very successful nine months ended September 30, 2014. Highlights of the period were: Revenues increased to $12.9 million from $6.8 million reported for the prior year. Cash flow increased to $6.2 million from $2.1 million in 2013 and net ear ...
North America
Octagon 88 Resources receives approval confirmation for the Elkton well drill license from Operator
Octagon 88 Resources Inc., (OCTX) announce that it has received confirmation from the Operator that the drill license for the third Elkton well (11-4-92-23W5M) has been approved. The Operator plans to spud the Elkton well before December 31, 2014. The Operator plans to ...
North America
African Petroleum enters into an agreement with The Government of the Republic of The Gambia
African Petroleum Corporation announce that it has entered into an agreement with The Government of the Republic of The Gambia to reinstate the Company's Alhamdulilah Licence Block A1 and Licence Block A4 (together the 'Gambia Licences'), and settle all prio ...
Production from Huntington field expected to start up this weekend
Premier Oil announce that production from the Huntington field (Premier equity 40 per cent) is expected to start up this weekend, ahead of schedule, following completion of planned maintenance work. Premier also notes the press release issued this morning by Noreco, Pre ...
West Europe
Petro Matad Limited announces Board changes
Further to the announcement made by the Company on 24 November 2014, regarding the resignation of the Company's then Chairman, Petro Matad announces that Dr. Oyungerel Janchiv, Deputy Chairman, has been appointed as interim acting Chairman. The Company intends to ap ...
West Europe
Dolphin Geophysical accept Letter of Award for two 3D seismic contracts in India
Dolphin has formally accepted the Letter of Award to perform two major 3D seismic projects in India for a repeat client. The contracts were previously announced by Dolphin in press release dated 17 October, where Dolphin was the preferred contractor in a public bid open ...
Asia Far East
OBL Group completes acquisition of two undeveloped offshore Gippsland gasfields
The Directors of Oil Basins Limited (OBL) make the following ASX announcement to update shareholders and investors on the Company's ongoing activities in Vic/P47. It has been confirmed from NOPTA that the transfer to OBL and its wholly owned subsidiary Shelf Oil Pt ...
Rey acquires 50% interest in the Derby Block
Rey Resources Limited (ASX:REY) announces that its subsidiary company Rey Lennard Shelf Pty Ltd ('RLS') has entered into an agreement with Backreef Oil Pty Ltd ('Backreef') to acquire a 50% interest in petroleum exploration licence EP487, the 'Derby ...
Oil price, Opec and finally...
Oil price The oil price unsurprisingly fell after the Opec meeting concluded yesterday and has come down towards the level that I thought in yesterdays blog it should with no production cuts. Indeed there is no reason why in the short term the price cannot fall a bit f ...
West Europe
Changes of the Board at Misen Energy AB
Following on the previously announced intentions to step down, Mr. Tore I. Sandvold, Chairman of the Board of Directors of Misen Energy AB (publ) has submitted to the Board his formal resignation. Mr. Sergiy Petukhov submitted his resignation as well. Both resignations ...
West Europe
Petroamerica shareholders approve share consolidation
Petroamerica Oil Corp. (TSX-V:PTA) announce that all of the resolutions put forth at its Annual General and Special Meeting of Shareholders held on November 26, 2014 have been approved by an overwhelming majority of the votes cast. In addition to the approval of Petroam ...
North America
Dalmac Energy reports second quarter 2015 financial results
John Babic, President and CEO of Dalmac Energy Inc. (TSX Venture "DAL") announce fiscal 2015 second quarter financial results for the three month and six month periods ended October 31, 2014. Revenue in the second quarter was $8.6 million as compared with $9. ...
North America
ArPetrol Ltd. announces third-quarter 2014 financial and operating results
ArPetrol Ltd. (TSXV: RPT) announces its financial and operating results for the three and nine months ended September 30, 2014 and provides an operational update on activities to date this year as well as an outlook for the remainder of 2014 and 2015. The Company's ...
North America
Richfield Oil & Gas Company stockholders approve merger with Stratex Oil & Gas, Inc.
Richfield Oil & Gas Company (OTCQX: ROIL) announced that a special meeting of stockholders of the Richfield was held on November 24, 2014 (the "Special Meeting") where the Richfield stockholders voted on two proposals (described in detail in the Company's ...
North America
Mexco Energy Corporation announces purchase of oil and gas properties
Mexco Energy Corporation (NYSE MKT:MXC) announce the purchase of various royalty interests ranging from .0018% to 1.1% revenue interests at a price of $580,000 covering approximately 580 wells in 87 counties of eight states. Of this oil and gas production, virtually all ...
North America

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