World

High Priority Potential VMS Drill Targets Identified – Block 4 Oman Project Savannah Resources plc (AIM:SAV) has advised invesors that it has received positive modelling results from the Versatile Time Domain Electromagnetic survey conducted at its 408km² Block 4 Copper Project, located in the strongly mineralised Semail Ophiolite in northern Oman, which highlights the potential […]

Update on Extended Well Test on Wressle Discovery, Onshore UK Europa Oil & Gas, the AIM quoted oil and gas company with producing and exploration assets in Europe, has noted today’s update from Egdon Resources regarding Extended Well Test operations on the Penistone Flags oil zone and the Ashover Grit intervals at the Wressle-1 oil […]

Participating in Mexican Onshore Field Bid Round Northcote (AIM: NCT) is pleased to announce that, further to its previously announced intention to secure and develop onshore conventional fields in Mexico, the Company has registered for, and been granted, access to the data room being administered by the National Hydrocarbons Commission in order to assess such […]

Shares of Glencore (LSE:GLEN) rose more than 7% to close at 131.80 on the London Exchange today when it released an update on its aggressive plans to reduce its net debt and “adapt the business to the current commodity landscape.” The move is much the same as Lord Nelson would have done with HMS Victory, […]

MOU for the supply of 150,000MT of fertiliser in Zimbabwe African Potash, the AIM listed exploration company focused on sub-Saharan potash assets, has entered into a Memorandum of Understanding with a Zimbabwean fertiliser supply company with a view to supplying it with 150,000 metric tonnes of fertiliser. This is the third fertiliser Trading Agreement secured […]

Q2 2015 Production from Sugarloaf AMI, Texas Empyrean Energy, the profitable US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, has issued an update from its flagship Sugarloaf AMI Project in the prolific Eagle Ford Shale, Texas, for the three month period to the end of June […]

Positive Drilling Update Offshore Nigeria MX Oil plc, the AIM quoted oil and gas investment company, has been advised by its partners that the Aje-5 well in the proven Aje Field on licence OML 113 offshore Nigeria, has reached targeted depth of 3,255 metres (measured depth) and has intersected hydrocarbon bearing intervals in line with […]

What are the details? BP and OMAN INTERNATIONAL PETROCHEMICAL INDUSTRIES COMPANY (OMPET) (a joint venture between Oman Oil Company, LG International Corp and Takamul Investment Company) have entered into a licensing agreement for BP’s latest generation purified terephthalic acid (PTA) technology. OMPET intends to build a 1.1 million tonnes per annum (tpa) unit at Sohar, […]

Positive Test Results from LM#20 Well, Shoats Creek Northcote has announced test results for the Lutcher Moore #20 well (LM #20) at Shoats Creek Field, Beauregard Parish, Louisiana in which it owns a 93% working interest, of 260 barrels of oil and 500 mcf of natural gas per day (or 340 barrels of oil equivalent […]

Second MOU for the supply of 50,000MT of fertiliser African Potash, the AIM listed exploration company focused on sub-Saharan potash assets, entered into a Memorandum of Understanding with a Malawian fertiliser supply company with a view to supplying them with in excess of 50,000 metric tonnes of fertiliser. This represents the second fertiliser Trading Agreement […]