Oil and Gas

Quarterly Operations Update for the Period Ended 31 March 2015 Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, has announced a quarterly update on its operations across proven and producing US onshore hydrocarbon formations, including the Bakken/Three Forks Sanish in North Dakota and Montana, and the Woodford, Mississippi […]

Royal Dutch Shell (LSE:RDSA) (LSE:RDSB) pushed other world news off the front page this morning, announcing that it has agreed to buy BG Group (LSE:BG.) for $70 billion dollars (£47 billion) at a premium of 50% on BG’s closing price yesterday, which was 910.40. That would price BG shares at 1,365.60. BG shares jumped to […]

This is a brief article today going into Easter. However this morning the RNS came out that Zebedee well based in the North Falkland Basin found 23.5m net pay of oil regarding  the 52% cos zone and 18.5m gas in the Hector Zone.  Estimate 50m gross  plus 20m gross. So my geo viewpoint was correct. […]

Macquarie Bank Facility Re-finance and drawdown Empyrean Energy, aprofitable US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, has announced that it has reached an agreement with Macquarie Bank Limited for additional debt funding under Tranche B of its facility. The further proceeds from the Facility will […]

“The are the times that try men’s souls,” especially if those men are invested in Gulf Keystone Petroleum (LSE:GKP). The GKP share price has dropped to 35.23 today, continuing what has been a fairly steady decline that has been nearly unabated since 25 October 2013 when it was last traded above 180.00. It is now […]

Exxon Mobil stock (NYSE:XOM) is very weak right now. The stock trended downwards towards the end of last year (2014), and it went further downwards this year. Things have been bearish so far. In the chart, 4 EMAs are used and they are EMAs 10, 20, 50 and 200. The color that stands for each […]

Ithaca Energy (LSE:IAE) full year results came out yesterday unlike everyone else i waited till the webcast and brokers notes to gain valuable information missed. As expected certain aspects i highlighted were proven correct another call by Chris Oil. A major rerating is now on the cards all the way to the Stella field commencing […]

Mancos operations update – Uinta Basin, Utah Rose Petroleum, an AIM-listed (LSE:ROSE) natural resources company, has provided an operational update on activities within its US onshore oil and gas division which is made up of a 75% working interest in over 250,000 gross acres in the highly prospective Uinta and Paradox Basins in Utah. Summary: […]

Fourth Productive Interval Identified at Wressle-1 Well, Onshore UK Europa Oil & Gas, an AIM quoted oil and gas company with a combination of producing and exploration assets in Europe, has welcomed the announcement from Egdon Resources confirming the presence of an oil column in the Penistone Flags interval, which has produced at a rate […]

Q4 2014 Production from Sugarloaf AMI, Texas Empyrean Energy, an US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, has provided an update in respect of production from its flagship Sugarloaf AMI Project in the prolific Eagle Ford Shale, Texas, for the three month period to the […]