Oil and Gas

MAJOR UPGRADE TO SUGARLOAF AMI RESERVES AND RESOURCES · Proven Reserves (1P) up 54% to 3.54 MMboe · Probable Reserves up 43% to 2.98 MMboe · Proven plus Probable Reserves (2P) up 48% to 6.52 MMboe · Proven plus Probable plus Possible Reserves (3P) of 8.92 MMboe · New 2C Contingent Resources of 3.87 MMboe […]

Nostrum Oil & Gas wants to have a premium listing on the London Stock Exchange and a place at the FTSE index, the Kazakhstan-focused oil and gas producer said on Tuesday. In a statement, the directors of Nostrum plans to admit a newly established holding company on the LSE’s main market as well as on […]

Independent oil and gas exploration and production firm Tullow Oil (LSE:TLW) said two wells being drilled in Kenya have encountered oil. In a statement today, the FTSE100 constituent said the Twiga-2 appraisal well found 62 metres of net oil pay after sidetracking the well from its original drill. Before sidetracking, the well only encountered 18 […]

Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, announces its final results for the year ended 31 December 2013. Highlights: * 48% increase in number of wells on Magnolia’s leases in proven US onshore formations to 149 as at 31 December 2013 (2012: 101) – 140 producing and […]

I you ask me – Thank you. I’m glad you asked. – Gulf Keystone Petroleum’s (LSE:GKP) biggest problems are the pusillanimous pipsqueaks who apparently comprise too large a portion of company shareholders. It seems that, regardless of how much progress the company makes, any hint of negative news engenders a decline in the company’s share […]

Allows them to become 49& shareholer in Al-Maraam. New World Oil and Gas Plc, the AIM quoted oil and gas operating, exploration and development company with projects in Belize and Denmark, announces that further to its RNS on 8 May 2014 regarding the Binding Framework Agreement signed for oil production in Kuwait, has confirmed that […]

Market message boards are lit up over the continued state of Gulf Keystone Petroleum’s (LSE:GKP) share price which is currently at 94.88 after having closed on Friday at 96.00. It appears poised to close at its lowest since 30 April and some investors are getting a bit restless. It’s just a wild guess, but I […]

Binding Framework Agreement signed for oil production in Kuwait and update on Subscription to raise US$25 million Further to the approval of Shareholders at the Annual General Meeting on 12 September 2013, New World has continued to work with the Subscriber, Niel Petroleum SA, to complete the subscription on the agreed terms. In line with […]

The British House of Lords has declared today that it is time to stop talking and to start fracking. The Economic Affairs committee said today that unless Britain gets cracking it is going to miss opportunities for lower energy bills and a massive opportunity for as many as 250,000 jobs, not to mention a secure […]

The recent strong bullish engulfing candle in Xcite Energy market (LSE:XEL) is a classic example of a false breakout which traps buyers as it appears the price is going towards the sky. The price may later retrace downwards. One strong bullish candle does not make a bullish trend, but having a series of candles with […]