Share Name Share Symbol Market Type Share ISIN Share Description
Oilexco LSE:OIL London Ordinary Share CA6779091033 COM SHS NPV (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 6.90p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 174.0 59.2 -18.1 - 15.44

Oilexco Share Discussion Threads

Showing 14351 to 14371 of 14375 messages
Chat Pages: 575  574  573  572  571  570  569  568  567  566  565  564  Older
DateSubjectAuthorDiscuss
08/12/2016
10:28
LONDON-- Lekoil Ltd (LEK.LN) Thursday said oil is flowing at the Otakikpo Marginal Field in Nigeria to onshore storage tanks and that it expects to gradually increase production to 10,000 barrels a day.
o1lman
07/12/2016
12:48
Subject: DJ Mineral & Financial Soars After Copper Find; Carillion Trading in Line Shares of MINERAL & FINANCIAL INVESTMENT topped the FTSE AIM leaders board after the company announced further copper mineralization at its Portuguese project. At 1211 GMT, shares were up 1.75 pence, or 33.3%, at 7 pence. Support services and construction group CARILLION PLC (CLLN.LN) reported trading in line with expectations and said it expects strong support-services revenue to more than offset reduced contributions from public-private partnership projects. Shares were down 8.5 pence, or 3.3%, at 247.6 pence. Shares of AVOCET MINING PLC (AVM.LN) rose as much as 19% in early trade after the company said it had received fees from Inata mine gold sales, and now has enough working capital to cover expenses until January, when it expects to receive the proceeds of the Tri-K project share sale. Shares were up 3.9 pence, or 7.6%, at 55 pence. Industrial pipe company TRICORN GROUP PLC (TCN.LN) reported a wider pretax loss as markets remain weak. Shares were down 1.5 pence, or 11%, at 12.5 pence. ASHLEY HOUSE PLC (ASH.LN) signed a new 1.5 million pounds ($1.9 million) loan facility with Invescare Ltd., to refinance its existing development finance loan held with Novus Lending Ltd. Shares were down 0.6 pence, or 8.3%, at 6.9 pence. Defense and energy engineer REDHALL GROUP PLC (RHL.LN) posted a narrower fiscal 2016 pretax loss and said manufacturing orders have more than doubled. Shares were up 0.25 pence, or 2.9%, at 8.75 pence. PRIVATE & COMMERCIAL FINANCE GROUP PLC (PCF.LN) received a banking license from the U.K.'s Prudential Regulatory Authority and Financial Conduct Authority. Shares were up 1 pence, or 3.45%, at 30 pence. Security services provider CROMA SECURITY SOLUTIONS GROUP PLC (CSSG.LN) won a three-year contract with The National Army Museum, worth 490,000 pounds ($0.6 million) a year. Shares were up 1.5 pence, or 5.2%, at 30.5 pence. MILESTONE GROUP PLC (MSG.LN) said it has limited cash resources and is seeking another share placing at a price below October's failed fund-raising at 1.5 pence a share. Shares were up 0.07 pence, or 16%, at 0.55 pence. FTSE Small-Cap up 0.34% AIM up 0.02% Write to Tapan Panchal, Ian Walker, Philip Waller, Razak Musah Baba and Rory Gallivan
o1lman
07/12/2016
12:47
1211 GMT Shares in IG Group rise 3% to 500p, a small rise given Tuesday's 38% plunge which followed the Financial Conduct Authorities' announcement of plans to strengthen consumer protection legislation. The rally comes despite a Citi rating downgrade on the stock to neutral from buy. The bank also cuts its target price on the spread-betting company in half to 470p from 950p. Citi's cut comes on the same day that Royal Bank of Canada downgraded IG sector-peer CMC Markets. Citi echoes RBC's concerns about regulatory uncertainty, combined with the suppression of a key growth stream of new customers.
o1lman
07/12/2016
12:46
1237 GMT Credit Suisse upgrades Rio Tinto to outperform from neutral and switches its preference from BHP Billiton to Rio. The firm cites diminished iron ore surpluses and supply growth, attractive valuation and a solid balance sheet. Rio recently said it planned to spend less on capital expenditures and committed to an added $5 billion of free cash flow productivity improvements over five years, Credit Suisse notes. As to its switch to Rio from BHP, Credit Suisse says that "with iron ore exhibiting less downside risk versus coking coal for BHP, we believe Rio now has the better earnings outlook for the year ahead." Rio Tinto shares gained are up 5.4% at GBP31.85% in London trading; BHP is up 2% at GBP 13.38.
o1lman
06/12/2016
13:06
Faroe Petroleum plc ("Faroe", "Faroe Petroleum", the "Company") Completion of acquisition of Norwegian production assets Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that it has completed the previously announced acquisition of interests in five Norwegian North Sea producing oil and gas fields, Ula (20%), Tambar (45%), Tambar East Unit (37.8%), Oselvar (55%) and Trym (50%) (the "Acquisition") from DONG E&P Norge AS ("Dong"). The net consideration payable at completion was approximately $26.7 million, down from the previously announced original consideration of US$70.2 million, reflecting both Economic Production from 1 January 2016, which has outperformed previous expectations and other working capital adjustments. Remaining Proved and Probable Reserves from the acquisition as evaluated by the Company as at 1 January 2016 were 19.8mmboe net to Faroe Petroleum, while the preliminary average Economic Production for the eleven months to 1 December 2016 net to the Company was approximately 9,900 boepd. We now take this opportunity to upgrade our 2016 guidance with a narrower range from 17,000 to 18,000 boepd, including Economic Production from the Acquisition. Graham Stewart, Chief Executive of Faroe Petroleum, commented: "We are pleased to announce the completion of this acquisition, which broadens and strengthens our production base materially and both boosts and diversifies our profitable oil and gas production portfolio. The production from the acquired assets has exceeded our expectations for the year to date in turn reducing the final consideration amount below guidance. "The acquisition of these producing fields creates a new strategic hub for Faroe, centered around the Ula platform, in one of our core areas offshore Norway; synergies have already been realised with the upcoming development of our Oda field, announced last week, which will be tied back subsea to Ula. This transformational deal paves the way for Faroe's evolution into a full cycle E&P business fit for the modern industry as we continue to grow the value of the Company through exploration, development and production with a high quality and diverse portfolio of assets."
o1lman
06/12/2016
13:06
Faroe Petroleum plc ("Faroe", "Faroe Petroleum", the "Company") Completion of acquisition of Norwegian production assets Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that it has completed the previously announced acquisition of interests in five Norwegian North Sea producing oil and gas fields, Ula (20%), Tambar (45%), Tambar East Unit (37.8%), Oselvar (55%) and Trym (50%) (the "Acquisition") from DONG E&P Norge AS ("Dong"). The net consideration payable at completion was approximately $26.7 million, down from the previously announced original consideration of US$70.2 million, reflecting both Economic Production from 1 January 2016, which has outperformed previous expectations and other working capital adjustments. Remaining Proved and Probable Reserves from the acquisition as evaluated by the Company as at 1 January 2016 were 19.8mmboe net to Faroe Petroleum, while the preliminary average Economic Production for the eleven months to 1 December 2016 net to the Company was approximately 9,900 boepd. We now take this opportunity to upgrade our 2016 guidance with a narrower range from 17,000 to 18,000 boepd, including Economic Production from the Acquisition. Graham Stewart, Chief Executive of Faroe Petroleum, commented: "We are pleased to announce the completion of this acquisition, which broadens and strengthens our production base materially and both boosts and diversifies our profitable oil and gas production portfolio. The production from the acquired assets has exceeded our expectations for the year to date in turn reducing the final consideration amount below guidance. "The acquisition of these producing fields creates a new strategic hub for Faroe, centered around the Ula platform, in one of our core areas offshore Norway; synergies have already been realised with the upcoming development of our Oda field, announced last week, which will be tied back subsea to Ula. This transformational deal paves the way for Faroe's evolution into a full cycle E&P business fit for the modern industry as we continue to grow the value of the Company through exploration, development and production with a high quality and diverse portfolio of assets."
o1lman
05/12/2016
18:11
LONDON-- Russia-focused oil and gas company Volga Gas PLC (VGAS.LN) Monday reported production of 5,454 barrels of oil equivalent for November, a 27% fall from October as capacity was reduced for testing.
o1lman
05/12/2016
18:10
LONDON--Range Resources Ltd. (RRS.AU) said Monday that it has encountered hydrocarbon sands and oil at the QUN 160 development well located in Trinidad. The exploration company said the well encountered hydrocarbon sands and oil between 1,084 and 2,045 feet and production testing on the well is expected to commence at the beginning of December. The well was drilled to a depth of 2,140 feet. Range also said it the GY 218 SE well located in the Beach Marcelle field in Trinidad has successfully spudded on Dec. 1. The well is expected to take around four weeks to reach target depth of 4,500 feet.
o1lman
05/12/2016
18:10
LONDON-- Aminex PLC (AEX.LN) and Solo Oil PLC (SOLO.LN) Monday said the Ntorya-2 appraisal well at their Tanzania project should start drilling in the middle of this month. Aminex has a 75% interest in the well, while Solo has 25%. The two companies also reported that Aminex has now completed all necessary civil works for the Ntorya-3 wellsite.
o1lman
05/12/2016
13:08
Here's an interesting interview about what's next for the oil price - this analyst is basically predicting a $40 to $50 price for the foreseeable future https://www.youtube.com/playlist?list=PLnSelbHUB6GQnVhXNM3o-Mc6fnoxdQTCC
tur43
05/12/2016
10:26
BP : announces start of drilling on new carboniferous prospect in southern North Sea BP today announced that drilling has commenced on a potential carboniferous gas play in southern North Sea block 43/26a that, if successful, could open up a new phase of development in the region. The well, being drilled with partners Perenco and Premier, will test the potential of a deep carboniferous age horizon several hundred metres beneath the mature reservoirs produced by the Ravenspurn ST2 platform. Mark Thomas, BP North Sea regional president, commented: 'This play warrants further exploration as we know the reservoir sands exist. What we don't know is whether, if gas is found, long-term production can be proven economic from this deeply buried reservoir horizon. We're looking forward to working with Perenco and Premier to test this concept and better understand its potential.' During the drilling and testing phase, Perenco - as operator of the existing producing Ravenspurn field - will act as substitute operator on behalf of BP and the other licence owners. BP holds an 85% equity stake in the prospect alongside licence partners Perenco (10%) and Premier (5%). Notes to editors The North Sea is an important region for BP where it expects to sustain a significant business for the long term. BP North Sea expects to grow production for UK assets to around 200,000 barrels per day by 2020, with an exciting set of future investment and renewal options capable of sustaining a material business into the 2030s. Along with its co-venturers, BP has invested at record levels in the UK North Sea. In 2016, BP is expected to spend around $2bn in capital investment and $1.6bn running its operations. BP is expecting important new oil production from its major projects Quad204 and Clair Ridge in early 2017 and 2018 respectively. Over the next 18 months, BP plans to participate in up to five exploration wells in addition to potentially drilling about 50 developments wells in the North Sea over the next 3-4 years. BP is also investing significantly in the reliability and integrity of existing assets through an extensive renewal programme.
o1lman
05/12/2016
08:04
LONDON-- Aminex PLC (AEX.LN) and Solo Oil PLC (SOLO.LN) Monday said the Ntorya-2 appraisal well at their Tanzania project should start drilling in the middle of this month. Aminex has a 75% interest in the well, while Solo has 25%. The two companies also reported that Aminex has now completed all necessary civil works for the Ntorya-3 wellsite.
o1lman
04/12/2016
17:50
free upload the laggards.
o1lman
04/12/2016
17:40
upload image photo upload this week's leaders
o1lman
02/12/2016
12:41
LONDON--88 Energy Ltd. (88E) said Friday that the Icewine project's permitting remains on track for completion well ahead of the scheduled spud date. "Operational activity associated with the near term spud of Icewine#2 is ramping up and the company is on the cusp of testing the flow potential of the HRZ resource play," Managing Director Dave Wall said, adding that the conventional portfolio continues to firm up, exceeding the company's expectations. With a 77.5% working interest, 88 Energy is the operator of Project Icewine, which is located on the North Slope of Alaska.
o1lman
02/12/2016
07:40
BP's (BP.LN) plan to press ahead with the Mad Dog phase 2 oil project is good news for partner BHP Billiton (BHP.AU), which some analysts have complained has little in its immediate growth pipeline. "We view this as a positive announcement for BHP and note that the circa US$2 billion Spence Growth Option, which extends the life of the 200,000-ton per annum Spence copper project by circa 50 years, is also expected to be approved in 2017," says Macquarie. BHP has a 24% stake in the project. BP owns just over 60%, while Chevron (CVX) has about 16%. "We note that the JV partners have yet to announce final investment decisions, but we see this as a formality," says Macquarie.
o1lman
02/12/2016
07:39
LONDON--Prospex Oil and Gas PLC (PXOG.LN) said Friday the plan to drill the Boleslaw-1 well, onshore Poland, has been approved by the Polish government. The investment company said the well drilling plan which has been approved by the Polish Mining Authority, represents the final regulatory milestone ahead of drilling Boleslaw-1. With well pad construction currently underway and on schedule, Boleslaw-1 remains on track to be drilled in December, the company said.
o1lman
01/12/2016
07:48
LONDON--SacOil Holdings Ltd. (SCL.JO) said Thursday it is in advanced negotiations, on an exclusive basis, to buy a Southern African focused petroleum product related wholesaler. The South African based independent African oil and gas company added that any deal would be classified as a reverse takeover under Stock Exchange rules, and therefore its shares have been suspended from trading in London. However, shares will continue to trade on the Johannesburg Stock Exchange. SacOil said that if concluded, the proposed acquisition would significantly increase its turnover and provide the company with a foothold in the downstream oil and gas market.
o1lman
30/11/2016
07:48
("Faroe", "Faroe Petroleum", the "Company") Oda field development plan submission Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that the partners in the Oda (previously named Butch) field (licence PL 405) have submitted the plan for its Development and Operation ("PDO") to the Norwegian Ministry of Petroleum and Energy. The Oda field (Faroe 15%) was discovered in 2011, in the Norwegian North Sea, in shallow water approximately 13 kilometres east of the producing Ula field (Faroe 20%). The proposed development will include a 4-slot seabed template with two production wells, and one water injection well, which will tie back to the Ula platform. Oil will be transported via the Norpipe system to the Teesside Terminal in the UK, while the gas will be sold at the platform to Ula for re-injection into the Ula reservoir to improve recovery. This subsea tie-in presents an innovative solution, reusing the existing Oselvar infrastructure (Faroe 55% and operator) from the Ula platform. Production from Oselvar will cease in order to allow Oda production to commence and the Oselvar owners will be compensated accordingly. The Oda partnership (which includes Centrica Norge (Operator 40%), Suncor Energy Norge (30%) and Aker BP (15%)) has worked over the last two years to reduce investment costs by over 40%. Expected investment has been reduced to around NOK 5.4 billion (Faroe net GBP82 million), with production scheduled to commence in 2019. 2P reserves from Oda are estimated to be 42 mmboe, of which 95% is oil and peak production is anticipated to be around 35,000 boepd (Faroe net 5,250 boepd).
o1lman
30/11/2016
07:48
("Faroe", "Faroe Petroleum", the "Company") Oda field development plan submission Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that the partners in the Oda (previously named Butch) field (licence PL 405) have submitted the plan for its Development and Operation ("PDO") to the Norwegian Ministry of Petroleum and Energy. The Oda field (Faroe 15%) was discovered in 2011, in the Norwegian North Sea, in shallow water approximately 13 kilometres east of the producing Ula field (Faroe 20%). The proposed development will include a 4-slot seabed template with two production wells, and one water injection well, which will tie back to the Ula platform. Oil will be transported via the Norpipe system to the Teesside Terminal in the UK, while the gas will be sold at the platform to Ula for re-injection into the Ula reservoir to improve recovery. This subsea tie-in presents an innovative solution, reusing the existing Oselvar infrastructure (Faroe 55% and operator) from the Ula platform. Production from Oselvar will cease in order to allow Oda production to commence and the Oselvar owners will be compensated accordingly. The Oda partnership (which includes Centrica Norge (Operator 40%), Suncor Energy Norge (30%) and Aker BP (15%)) has worked over the last two years to reduce investment costs by over 40%. Expected investment has been reduced to around NOK 5.4 billion (Faroe net GBP82 million), with production scheduled to commence in 2019. 2P reserves from Oda are estimated to be 42 mmboe, of which 95% is oil and peak production is anticipated to be around 35,000 boepd (Faroe net 5,250 boepd). Graham Stewart, CEO of Faroe Petroleum commented: "Oda is another outstanding example of the exploration success Faroe has had in Norway. I am very pleased to announce that the development plan for the Oda field has now been submitted, signifying an important step for Faroe's future production growth. Following the successful Hyme development, Oda is the second Norwegian subsea tie-back development that Faroe has participated in, located in one of the Company's core areas. Faroe is well-funded for the development with cash on hand and an undrawn reserve based lending facility available. "Interests in the Ula and Oselvar fields, recently acquired by Faroe as part of the package of assets acquired from DONG Energy, provide further synergies and upside alongside Oda, where Faroe will benefit from enhanced recovery from gas injection in the Ula field along with tariff income and financial compensation from Oda owners as an Oselvar owner."
o1lman
29/11/2016
11:43
1137 GMT Shares of Pantheon Resources are down 17% at 75.5p after the company reported inconclusive flow testing results at the VOBM No.3 well Polk County, East Texas. The operator of the well has performed a single stage fracture stimulation procedure on the well to emulate the possible benefits of horizontal drilling, but to date less than 60% of the fracture stimulation fluid has been recovered.
o1lman
Chat Pages: 575  574  573  572  571  570  569  568  567  566  565  564  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:40 V: D:20161208 20:09:41