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MEO Australia - Merger plan makes sense
The proposed Neon Energy/MEO merger would create a combined group with c A$37m (as of September 2014) in cash and a diverse Australasian asset base. It would significantly reduce operating expenses and have a focused and experienced group of decision makers at the helm. ...
Australasia
Five separate oil zones encountered in Kangaroo-2 appraisal well
As at 2000 hrs BRST on 25 November 2014 drilling had been completed at a total depth of 2,369 metres below rotary table (mRT) and a wireline logging program was underway. Five separate oil bearing reservoir sand intervals over the interval 1,660mRT to 2,000mRT in the P ...
Australasia

Tuesday, November 25, 2014

Bauer-19 to potentially add to reserves
Beach Energy Ltd (ASX: BPT, "Beach") advises that the Bauer-19 deviated development well in PPL 253 within PEL 91 (Beach 40% and operator, Drillsearch Energy Ltd 60%) has been cased and suspended as a future McKinlay and Namur oil producer, after intersecting ...
Australasia
Nappamerri Trough Natural Gas program on track to meet reported milestones
Beach Energy Ltd (ASX: BPT) provides an update on the NTNG program in ATP 855 and PRLs 33-49 (ex-PEL 218). A total of 18 wells have been drilled as part of the Stage 1 exploration phase, of which 14 have been fracture stimulated and 11 flow tested to date. A targeted ca ...
Australasia

Monday, November 24, 2014

WHL Energy grants extension to AWE
Australian energy company WHL Energy Limited (ASX: WHN) advises that the Company has agreed to grant a further extension to Peedamullah Petroleum Pty Ltd ('AWE') for the election date of the option to continue to the drilling phase of the VIC/P67 exploration pro ...
Australasia
Alternative use for clay minerals may benefit SA's growing energy sector
An Eyre Peninsula mineral exploration company has been awarded $36,000 to find innovative uses for clay minerals that could benefit local gas drilling programs and potentially create a new supply chain in South Australia. Science and Information Economy Minister Gail G ...
Australasia
Oilex Ltd shares placed in a trading halt on the Australian Securities Exchange
Oilex Ltd (ASX: OEX, AIM: OEX) wishes to advise that its shares have been placed in a trading halt on the Australian Securities Exchange ("ASX") pending the release of an announcement in relation to a proposed capital raising. Oilex expects that an announcemen ...
Australasia

Thursday, November 20, 2014

Empire agrees to sell last of its Carnarvon Basin tenements
Empire Oil & Gas (ASX: EGO) is pleased to advise that it has taken another key step in its strategy to unlock the value of its Perth Basin assets, signing an indicative agreement to sell its remaining acreage in WA's onshore Carnarvon Basin. Empire will sell its su ...
Australasia
Drillsearch appoints Chief Operating Officer
Drillsearch Energy Limited (ASX:DLS) announce a further strengthening of its senior management team with the appointment of Mr Walter Simpson as Chief Operating Officer, reporting to Managing Director Brad Lingo. The most recent role in Mr Simpson's 30-year career ...
Australasia

Wednesday, November 19, 2014

Beach Energy appoints Colin Beckett a non-executive director
Beach Energy Ltd (ASX: BPT, 'Beach') is pleased to announce the appointment of Mr Colin Beckett as an independent non-executive director to its Board, with effect from 2 April 2015. Due to other commitments Mr Beckett is unable to join the Board at an earlier da ...
Australasia
Trevor Bourne to join Senex Board
Chairman of Senex Energy Limited (Senex, ASX: SXY) Mr Denis Patten announce that Mr Trevor Bourne is to join the Senex Board. Mr Patten said that Mr Bourne has agreed to join Senex as an independent non-executive Director, and the Board will make the formal appointment ...
Australasia
Kangaroo 2 appraisal well hits gas and oil
As at 2000 hrs BRST on 18 November 2014 drilling is ongoing in the 12-1/4' hole section at a current depth of 1,760 mRT. Kangaroo-2 penetrated the target Paleocene reservoir at 1,660 mRT as indicated by increased LWD resistivity readings, elevated gas readings and ...
Australasia

Tuesday, November 18, 2014

HIREX signs binding agreements for 20% stake in offshore licence in Australia
The Board of Directors of Rex International Holding Limited wishes to announce that following the receipt of approvals from the Foreign Investment Review Board and the National Offshore Petroleum Titles Administrator (NOPTA) in Australia and the satisfaction of all the ...
Australasia
Rampart Energy secures majority stake in Northern Carnarvon Basin permit WA-507-P
Rampart Energy Ltd (ASX: RTD) has secured the rights to an 80% working interest, as Operator, in the newly released exploration permit WA-507-P, located within the prolific Northern Carnarvon Basin off the Northwest Shelf of Australia. This new asset signifies a change ...
Australasia
Hornet gas field pre-commissioning for first gas sales
Senex Energy Limited (Senex, ASX: SXY) report that the Hornet-1 gas well is in pre-commissioning ahead of first gas sales for Senex. Senex has completed a flow test of the Hornet-1 gas well during which gas flowed to surface at a rate of more than two million cubic fee ...
Australasia

Monday, November 17, 2014

High Peak Royalties - Exposure to oil and gas royalties at a discount
High Peak Royalties (HPR) is a growth-focused royalty company, with 20 oil and gas projects in Australia and the Seychelles. It has a strong growth profile driven by the development of new projects and exploration in key areas of activity. The company is supported by an ...
Australasia
First Browse Basin well Pryderi-1 unsuccessful
IPB Petroleum advises that the Pryderi-1 exploration well in WA-424-P (IPB 75%, CalEnergy 25% and Operator) reached a total depth of 694m (RT) in 12.25' hole late afternoon on 15 November 2014 with no moveable hydrocarbons being encountered. Despite some residual o ...
Australasia

Thursday, November 13, 2014

NSW Government 'gas plan' a step in the right direction
Australia's gas transmission industry has welcomed the NSW Government's indication today that it will support increased development of that State's gas reserves. Chief Executive of the Australian Pipeline Industry Association, Ms Cheryl Cartwright, said ind ...
Australasia

Wednesday, November 12, 2014

McDermott demonstrates effective project execution with milestone delivery of riser support structure for Ichthys Project
McDermott International, Inc. (NYSE:MDR) announce that it has successfully delivered the riser support structure ('RSS') for the INPEX-operated Ichthys LNG Project's subsea umbilical, riser, flowline development. 'The completion of the RSS fabrication, ...
Australasia

Tuesday, November 11, 2014

Bauer-15 development well exceeds expectations
Beach Energy Ltd (ASX: BPT, "Beach") advises that the Bauer-15 development well in PPL 253 (Beach 40% and operator, Drillsearch Energy Ltd 60%) has been cased and suspended as a future Namur oil producer, after intersecting 5.1 metres of net oil pay within the ...
Australasia

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