Oil and Gas

Zeta Petroleum (ASX:ZTA), an ASX listed Romanian focused oil and gas exploration and production company, has released an update on the Jimbolia-100 well (‘Jimbolia-100’ or ‘the Well’), an appraisal well on the 39% owned Jimbolia oil concession in Romania, which is operated and 100% funded by NIS Petrol SRL (a wholly owned subsidiary of NIS […]

Acquisition of 78% WI in 1,520 net mineral acres in Osage County Northcote (LSE:NCT), an onshore US oil and gas exploration and production company, has announced that it has acquired, for a cash consideration of US$1 million (£625,000), an average 78% working interest (‘WI’) and 54% net revenue interest (‘NRI’) in 1,520 mineral acres (‘North […]

Final Results for the year to 31 July 2013 Europa Oil & Gas (LSE:EOG), an AIM listed oil and gas exploration, development and production company focused on Europe, has announced its final results for the 12 month period ended 31 July 2013. Operational highlights: •Farm-in secured with Kosmos Energy Ireland (‘Kosmos’) for two blocks offshore […]

But will the announcement raise your interest levels? Northcote (LSE:NCT), an onshore US oil and gas exploration and production company, has raised £1.75 million (before expenses) through a placing arranged by Shore Capital Stockbrokers Limited of 159,090,910 new ordinary shares (‘Ordinary Shares’) of no par value in the capital of the Company (‘the Placing Shares’) […]

It is now suicidal to buy long on Gulf Keystone (LSE:GKP), for the price has been making lower lows and lower highs. It is thus better to trade with the flow of the market instead of trading contrarily to the trend. Speculators are aware of the dangers of mean reversion trading; yet they trade in […]

Plexus Holdings (LSE:POS), a oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has announced it has been awarded a contract for the supply of surface exploration wellhead equipment services, worth approximately £750,000 from Centrica Energi Norway. Under the terms of the contract, Plexus will supply its […]

Northcote Energy (LSE:NCT), a US oil and gas exploration and production company, is pleased to announce plans to drill its first horizontal well targeting the Mississippi Lime formation on its 100% owned Mathis lease prior to end of December 2013. In addition as part of the well planning process, the first two undeveloped locations on […]

Magnolia Petroleum (LSE:MAGP), a 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 Mississippi Lime and the Hunton/Woodford in Oklahoma. Quarter Highlights: Production as at 1 August […]

Will Centrica profits start heating up as a result? Centrica (LSE:CNA) and Qatar Petroleum International (QPI) have completed a C$1 billion agreement with Suncor Energy to acquire a package of producing oil and natural gas assets in the Western Canadian Sedimentary Basin. The assets include proven and probable (2P) reserves estimated by the partners at […]

New World Oil and Gas (LSE:NEW), an oil and gas operating company focused on Denmark and Belize, is pleased to announce that it has secured an eight-month extension in work programme commitment deadlines for Licence 1/08 at its Danica Resources Project in Southern Denmark. This extension was discussed with Danica Resources ApS and the Danish […]