Oil and Gas

I have to admit scratching my head to see (LSE:NTOG) Nostra Terra Oil & Gas  is this low post positive update today, with game changing events forecast for second half of 2015.  This US onshore play is a Gem. Firstly before we get into details Northland Securities short term target is still 0.46p combined with […]

Underlying replacement cost profit $2.2 billion; significant impairment charges in the quarter – Taking action to meet challenging environment BP today reported its results for the fourth quarter and full-year 2014. Underlying replacement cost profit1 for the fourth quarter was $2.2 billion compared with $2.8 billion for the same period in 2013. Full year underlying […]

Sale of Non-Core Assets Northcote (AIM:NCT), an onshore US oil and gas exploration and production company, has said that, in line with its strategy to dispose of certain non-core assets in its portfolio, it has agreed to sell its over-riding royalty interests on certain Oklahoma wells within the Company’s portfolio for a cash consideration of […]

“We have now entered a new and challenging phase of low oil prices through the near and medium term. Our focus must now be on resetting BP.” ~ CEO Bob Dudley. A funny thing happened on the way to the office this morning. I read that BP (LSE:BP.) (NYSE:BP) had released its final quarterly report […]

Operations Update DekelOil Public Limited, operator and 51% owner of the vertically integrated Ayenouan palm oil project in Côte d’Ivoire, has released a summary of trading results for the year ending 31 December 2014 and also for the month of January 2015 which has seen a significant increase in month on month production at the […]

Reserves Report & Production Update Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, has received an independent Reserves Report as at 1 January 2015, which includes a significant increase in net proven reserves on its leases in US onshore formations such as the Woodford and Mississippi Lime, […]

Building interest has increased after excited investors and hedge funds are looking at the location maps of the Eirik Raude oil rig departing from Ivory Coast very soon for Falklands drilling Campaign deciding when to position. All eyes are now on (LSE:RKH) Rockhopper Exploration and (LSE:FOGL) Falkland Oil & Gas drilling the first low risk […]

Falklands Oil & Gas (LSE:FOGL) is seen as the leveraged play on the low risk Zebedee well at 40% interest which  could be very rewarding, combined with two different drilling areas in the Falkland Basins. Investors and Hedge Funds are taking notice of this fact. Rockhopper Exploration (LSE:RKH) is a safer option (click on my […]

Shares of Royal Dutch Shell (LSE:RDSA) took a shelling today despite a healthy increase in fourth quarter and full year results. Its shares closed at 2,153.5 yesterday, 28 January, but opened today at 2,079.0, down 3.5%. They kept falling in the opening minutes to 2,060.0 up until 8:11 a.m., from whence they struggled to gain […]

Under new ownership structure, BP, Chevron and ConocoPhillips will combine expertise and resources to unlock Tiber and Gila discoveries and pursue development of a new production hub in Keathley Canyon BP announced today it has formed a new ownership and operating model with Chevron and ConocoPhillips to focus on moving two significant BP Paleogene discoveries […]