Oil and Gas

Gulf Keystone shares (LSE:GKP) are now in a dicey situation. The price has been moving sideways for the past several months, trying to consolidate further south. This is currently not a directional market at all; it is a boring market. The butterfly tries to imitate the bird, but it can never be like the bird. […]

It’s been a month since I last wrote about Gulf Keystone Petroleum (LSE:GKP). Well, not exactly a month, but it was last month. To be precise in was on 31 July, just three days ago. The stimulus for the story was a 12.62% increase and turnaround on the theretofore declining GKP share price. Friday’s News […]

The floor in MX Oil (LSE:MXO) share price seems clear with the fall in oil prices from $60 to $52 now is the time to buy.  The company is drilling two production wells with potential to uplift oip numbers on its West African Aje field with very low all in costs and a significant rerating […]

Shares of Gulf Keystone Petroleum (LSE:GKP) were up 12.62% today to 29.00, just one day after hitting a new 52-week low of 24.77. Actually, its a six-year low – going all the way back to July 2009. At its current 29.00 pence, GKP shares are at 32% of its 52-week high of 89.75 and at […]

Dividend of 10 cents per share approved BP today reported its results for the second quarter of 2015. Underlying replacement cost profit1 for the quarter was $1.3 billion, compared with $2.6 billion for the previous quarter and $3.6 billion for the second quarter of 2014. The result reflected the impact of continued low oil and […]

Shimanek Well Update Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, has announced that the Shimanek #2 vertical well in Oklahoma reached total depth of 5,300 feet on 24 July 2015. The Well encountered hydrocarbons in the targeted conventional zones, including the Lower Skinner, Redfork Sand and Mississippi […]

Award of Licence in Southern North Sea Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with a combination of producing and exploration assets in Europe, has noted the announcement on 27 July 2015 by the Oil and Gas Authority, the UK oil and gas regulator, confirming the conditional award of […]

Shares of BP (LSE:BP.) closed UP 1.38% today to 392.65 on the day it reported the largest quarterly loss in the history of the company. The $6.3 BILLION loss, however, comes along with a sigh of relief that should end five years of holding its corporate breath in hopes that it might suffer minimally from […]

Drilling of Aje 5 Development Well Commences Offshore Nigeria and Exercise of Warrants MX Oil plc, the AIM quoted oil and gas investment company, has announced that drilling has commenced of the Aje 5 production well located in the proven Aje Field on the OML 113 licence offshore Nigeria. Once Aje 5 has been drilled […]

Result of Open Offer Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with a combination of producing and exploration assets in Europe, announced on 6 July 2015 that it had raised £1.4 million by the issue of 20,000,000 New Ordinary Shares pursuant to a Firm Placing and 2,630,000 New Ordinary […]