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 14626 to 14650 of 14650 messages
Chat Pages: 586  585  584  583  582  581  580  579  578  577  576  575  Older
DateSubjectAuthorDiscuss
23/2/2017
07:43
By Philip Waller LONDON--Gulf Keystone Petroleum Ltd (GKP.LN) is regarding the future with confidence after its debt restructuring, though shareholders who lost most of their investment in the Middle East oil producer aren't convinced. Gulf Keystone has pledged to focus on developing its giant oil field in Iraqi Kurdistan after last year's restructuring, in which it converted more than $500 million of debt into equity, leaving debt of $100 million. The move handed about 85% of the company to creditors, leaving shareholders with about 5%, though the company also held a $25 million open offer for the rest of the equity. The group's main asset, Shaikan, is an acknowledged world-class oil & gas field said to be as big as greater London and three times the height of the U.K. capital's tallest building, the Shard. Chief executive J n Ferrier cites an independent report that put the field's recoverable reserves during the period of Gulf's existing license at 622 million barrels. Still, some shareholders who lost out in the restructuring fear the company isn't making the most of Shaikan's potential and its attractiveness to potential buyers. They point to an independent assessment in 2012 that put total resources in the field at 13.7 billion barrels, though only about a third of that is thought to be recoverable. "I don't think Ferrier is much of a salesman," one shareholder said on condition of anonymity. Mr. Ferrier says he's trying to manage investor expectations about one of the most complex oil-fields in the world. "I'd rather not hype these things - there's too much hype in this market," he told Dow Jones Newswires and the Wall Street Journal in an interview. "We're trying to deliver what we promise." Takeover rumors about Gulf Keystone have swirled since at least 2011, when reports suggested the company attracted interest from U.S. major Exxon Mobil Corp. (XOM) and China. The latest bid talk was in December 2016, when its shares rose following a media report that Chinese oil major China Petroleum & Chemical Corp., or Sinopec Ltd. (SNP), had made a takeover approach for the group. In July, it rejected a takeover proposal from Norwegian oil group DNO ASA (DNO.OS), saying it needed to complete the debt restructuring. U.S. rival Chevron Corp. (CVX) considered an approach in 2014, though it never materialized, according to industry sources with knowledge of the situation. Chevron didn't respond to a request for comment. Meanwhile, Exxon sounded out Gulf Keystone over a possible deal in 2011 that would have valued it at about 7 billion pounds ($8.7 billion), according to a report at the time. Mr. Ferrier has nothing to say about the claims, though he says he would put any "sensible offer" to the board. The company hopes to boost production to 55,000 barrels of oil a day in a couple of years from 40,000 now by investing in equipment and a new pipeline from Shaikan, helping it to avoid using road tankers. "I'm not hawking the company around," Mr. Ferrier said. "My team's priority is to gear up for the next stage of investment." The company has introduced a management incentive plan under which its members would get 2% of the aggregate acquisition price of the company for the units they hold in the plan if it is acquired before July 13 this year, a date later changed to Dec. 31, 2017. Some shareholders have voiced concerns that the plan could push management into selling Gulf Keystone cheaply, but Ferrier says it encourages him and his colleagues to focus on the long term. "We're not motivated to sell the company quickly," he said.
chart trader2000
23/2/2017
07:43
LONDON--Sirius Petroleum PLC (SRSP.LN) said Wednesday it plans to raise 2 million pounds by placing 266.7 million shares at 0.75 pence (0.93 cents) each to raise GBP2 million. The investing company focused on oil and gas exploration and development opportunities in Nigeria, said it has also agreed to issue to 3.3 million shares at 0.75 pence in settlement of fees. Sirius said the net proceeds of the subscriptions will be used to pay the initial deposits on key equipment and long lead items ahead of the commencement of the proposed drilling program on the Ororo field. The company said it has agreed the cancellation of the remaining convertible loan facility with Calvet International Ltd., which currently has an undrawn amount of GBP630,000.
chart trader2000
23/2/2017
07:42
Nostra Terra Oil and Gas Company plc ("Nostra Terra" or the "Company") Second Permian Basin acquisition and Receipt of funds Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, is pleased to announce the acquisition of producing assets in the Permian Basin, Texas, along with the receipt of US$100,000 in connection with the previously announced sale of its interest in the Chisholm Trail Prospect. Highlights -- 18 drilling locations o 9 proven locations o 9 probable locations -- 75% working interest -- Producing leases with 9 existing wells o Infrastructure in place o Workovers planned imminently -- All acreage and locations Held By Production ("HBP") -- Receipt of US$100,000, released from escrow Acquisition of producing assets in the Permian Basin In keeping with its Permian Basin strategy, Nostra Terra is pleased to announce the acquisition of a package of 3 producing assets for $60,000, funded from existing cash resources. These leases include a 75% WI in 9 wells across an additional 200 acres in Mitchell County, and 18 future drilling locations. Currently 2 of the 9 wells are producing, 5 are shut in and there is 1 injection well. The wells are producing circa 2 bopd gross, however potential exists across the leases for workover opportunities. A rig is currently being scheduled for the first of these workovers, which is also funded through existing cash resources. As with the previous acquisition in the Permian Basin, all 3 leases are Held By Production (HBP), meaning they have no expiration date and no required work programme and remain in effect so long as the leases remain in production. The 18 future drill locations have been identified over 2 separate formations. These include 9 proven and 9 probable infill drilling locations. Nostra Terra has identified further possible acquisition targets in the same area. Permian Basin Strategy In November 2016 the Company made its first acquisition into the Permian Basin and anticipated further acquisitions. Nostra Terra's strategy is to purchase shallow conventional assets across this commercially attractive oil province and to increase its Permian Basin production incrementally, through the acquisition of producing leases which have potential for growth through low-cost workover programmes. Nostra Terra plans to fund this strategy through existing cash resources and free cash flow from its portfolio of producing assets. The leases in the first acquisition included a 57% to 68% Working Interest ("WI") in 4 wells across 50 acres in Mitchell County. Since then Nostra Terra has completed an initial low-cost workover, leading to a more than three-fold increase in production, from 2 bopd to 7.5 bopd 30 day average. Importantly, the leases of Nostra Terra's first Permian acquisition are also HBP. These leases now have two new proven development locations that can be drilled as and when the Company decides. Following this second acquisition Nostra Terra has now increased its inventory to 20 future drilling locations, (11 of which are proven). Because all leases are HBP the Company can elect to drill any of these locations when it chooses to do so and conditions allow. As a result of these acquisitions Nostra Terra has now taken its first steps in this area of the prolific Permian Basin, which offers the Company a material increase in the potential production upside available to it. As operator of HBP licences Nostra Terra is in complete control of the pace and timing of development. Receipt of $100,000 Nostra Terra has received the $100,000 held in escrow in connection with the sale of its interest in the Chisholm Trail Prospect, as was announced on 8 December 2016. This represents the conclusion of the sale of the Company's Chisholm Trail Prospect, which the board of Nostra Terra ("Board") believes was appropriate given the circa 20 fold increase in acreage costs since the original acquisition. Company Funding In recent months, following a succession of value-creating events and transactions by the Company and recent increased interest in the oil sector, Nostra Terra has received approaches from brokers with unsolicited offers of equity investment into the Company. Nostra Terra declined those approaches, as the Company has no immediate funding need. However, given the current environment in the oil & gas space, the board of Nostra Terra ("Board") has identified a number of deals that have significant potential to enhance shareholder value and accelerate Nostra Terra's growth but which would require further funds. As such, the Board decided in the second half of last week to accept an offer to raise funds at a premium to the current share price. As announced on 20 February 2017, the Board decided not to proceed with the placing. This was due to Nostra Terra's share price falling on Friday afternoon, as a result of social media commentary.The Company is now no longer moving forward with the funding offer.However Nostra Terra is currently funded and will continue to grow organically, using existing cash and free cash flow from its producing assets. This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Matt Lofgran, Chief Executive Officer of Nostra Terra, commented: "We've worked hard over the last 12 months identifying appropriate targets for acquisition in our efforts to rebuild Nostra Terra. We now have a robust pipeline of potential opportunities and are poised to continue growing. Our acquisition targets range from prospects the size of today's acquisition to significantly larger ones. As keen as we are to take Nostra to the next level, we will only enter into new transactions which the company can afford. As should be clear, we are only prepared to do business at the right price. The success we've had in the sale of our interests in the Chisholm Trail Prospect along with the acquisition of the Pine Mills oil field are further vindication of Nostra's ability to identify assets with potential for value appreciation, in producing oil regions during the current downturn in crude oil prices. I believe this skillset will have an important role to play over the coming years as we deliver significant value to shareholders."
chart trader2000
21/2/2017
19:22
1345 GMT - Roughly 170 billion barrels of potential shale resources in North America can now break even at $40 a barrel a lower, says Andy Brown, Royal Dutch Shell PLC's head of exploration and production. Costs in the sector have come down hugely since the oil price crashed in the middle of 2014, allowing more drillers to continue operating at lower oil prices. "I've just been amazed at the pace of innovation in that business and the pace of performance improvement," Mr. Brown told the International Petroleum Week conference in London.
chart trader2000
21/2/2017
19:20
By Philip Waller LONDON--Shares in Eland Oil & Gas PLC (ELA.LN) rose 7% Tuesday after the explorer and producer said its OML40 asset in Nigeria has produced more than 150,000 barrels of oil from its Opuama-3 well since the end of January, when production restarted. Eland also said crude exports from the Opuama field are increasing and it has the capacity to handle more oil as other wells come on stream. The company said it expects cash balances to rise substantially as further export cycles are completed.
chart trader2000
21/2/2017
19:20
LONDON-- Europa Oil & Gas (Holdings) PLC (EOG.LN) Tuesday announced Tuesday said the date by which conditions for the sale and purchase agreement for a the sale of a 10% interest in two licenses in Lincolnshire, England have to be fulfilled has been extended by six months to September 30 to allow time for a planning appeal.
chart trader2000
20/2/2017
07:10
("Sound Energy" or the "Company") Tendrara: TE-8 Drilling Commences Sound Energy, the African and European focused upstream gas company, is pleased to confirm the commencement of drilling at the third Tendrara well, onshore Morocco. Following the recent success at the Company's first two Tendrara wells (TE-6 and TE-7), the Company's third well (TE-8) was spud on 19 February 2017. The TE-8 well is a step out appraisal well some 12 kilometres to the Northeast of TE-7 with the objective of proving up significant additional volumes in the TAGI (Trias Argilo-Gréseux Inférieur) reservoir whilst also, for the first time, drilling deeper into the Paleozoic formation. The drilling and logging of the TE-8 main well bore to a true vertical depth ("TVD") of approximately 2975 metres is expected to take approximately 40 to 50 days. Assuming gas is encountered in the main well bore, a further 30 day sidetrack will be drilled to a TVD of approximately 2633 metres to prove a potentially deeper gas contact approximately 900 metres to the north-west. The Company looks forward to updating shareholders on achievement of each of the three casing points (13 3/8" casing at 450m TVD, 12 ¼" casing at 2070m TVD and 7" casing at 2587mTVD) in the main well bore and achievement of total depth.
chart trader2000
17/2/2017
20:38
this weeek's loser PMO continuation of a downleg.
chart trader2000
17/2/2017
20:36
post img this week's honourable mentions. SOU broke higher will PANR ?
chart trader2000
17/2/2017
20:35
screen grab this week's leaders, both new additions to the portfolio.
chart trader2000
17/2/2017
09:56
By Philip Waller LONDON--Jersey Oil & Gas (JOG.LN) Friday reported progress in its North Sea licenses and said it is talks with multiple parties about buying North Sea production assets. The company's operation partner in the Verbier prospect in the North Sea, Statoil (U.K.) Ltd. has floated a tender for a drilling rig and related services as it prepares to drill an exploration well at the prospect this summer. Jersey Oil & Gas has an 18% stake in Verbier. Jersey also said it stands to receive up to $4 million from Azinor Catalyst Ltd. if the latter finds oil and approves a development plan for the Partridge prospect on license P.1989, Blocks 14/11, 12 & 16 later this year. Regarding its production acquisition strategy, the group said it continues to be involved in multiple sale processes regarding several large-scale North Sea divestments announced by industry participants in recent months.
chart trader2000
17/2/2017
07:56
Ithaca Energy Inc. Stella First Hydrocarbons Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca" or the "Company") is pleased to announce the successful start-up of production from the Stella field. Production has been started from the field and oil export to the adjacent shuttle tanker has commenced. The production ramp-up phase will commence when the on-going commissioning of the gas processing and compression facilities is complete. Further information on the status of Stella field operations will be provided when the Company issues its 2016 Financial Results in late March 2017.
chart trader2000
17/2/2017
07:55
LONDON-- North Sea oil company EnQuest PLC (ENQ.LN) Friday said a floating production storage and offloading vessel arrived at the field on Monday and is now securely moored, on track for first oil before the middle of 2017.
chart trader2000
17/2/2017
07:30
Ithaca Energy Inc. Stella First Hydrocarbons 17 February 2017 Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca" or the "Company") is pleased to announce the successful start-up of production from the Stella field. Production has been started from the field and oil export to the adjacent shuttle tanker has commenced. The production ramp-up phase will commence when the on-going commissioning of the gas processing and compression facilities is complete. Further information on the status of Stella field operations will be provided when the Company issues its 2016 Financial Results in late March 2017.
chart trader2000
16/2/2017
08:09
LONDON--Soco International PLC (SIA.LN) said Thursday the Hoang Long Joint Operating Company has received from the Government of the Socialist Republic of Vietnam the formal approval of the updated Full Field Development Plan for the Te Giac Trang Field. The Field Development Plan for the Te Giac Trang Field or FFDP was formally submitted to the relevant authorities in fourth quarter of 2016. "With this, we have approval of up to 18 additional wells, with locations and additional support to be provided at a later date, and the addition of new processing equipment to be installed on the H1-WHP. The processing equipment will be designed to handle 90,000 barrels of liquid per day with specific water handling capacity of up to 65,000 barrels of water per day," Soco said.
chart trader2000
15/2/2017
21:16
By Rory Gallivan LONDON-- Shares in Falcon Oil & Gas Ltd. (FO.V) were up nearly 20% Wednesday after a report on its joint-venture project in northern Australia estimated that it contains 6.6 trillion cubic feet of gas. The estimate is an "exciting development" for the company, said Chief Executive Philip O'Quigley. Falcon, which is listed in London, Toronto and Dublin, has a 29% interest in wells at the project. Falcon also has operations in South Africa and Hungary and a head office in Dublin.
chart trader2000
15/2/2017
21:15
1220 GMT - Shares in Frontera Resources Corp. leap as much as 150% after the oil & gas company appoints the founder and managing director of one of its lenders as a board director. Frontera, which operates in Eastern Europe near the Black Sea, has recruited Stephen McCaughan Hope. Hope runs California-based investment adviser Outrider Management, LLC, whose partner firm Outrider Master Fund LP holds most of the loan notes restructured and issued by Frontera. Frontera shares last trade up 130% at 0.34 pence, having hit an intra-day high of 0.39 pence.
chart trader2000
15/2/2017
09:39
no problem, only takes a few seconds each month to roll forwards
bountyhunter
15/2/2017
08:06
By Philip Waller LONDON--Gulfsands Petroleum PLC (GPX.LN) said Wednesday that its subsidiary Gulfsands Petroleum Morocco Ltd. has gained a year's extension to its Moulay Bouchta petroleum agreement in Morocco. The oil and gas company, which has activities in Syria, Tunisia, Colombia and Morocco, said it has received all approvals to extend the initial phase of the exploration period of Moulay Bouchta to three years from two. It said the extension has become effective and the initial phase will now run to June 19 this year, rather than the previous date of June 19, 2016, with a revised work program. The program will cover the acquisition of a 200 kilometer 2D line seismic survey, re-processing and interpretation of selected legacy 2D seismic data and a legacy field study to identify any re-activation potential. The estimated cost of the work program has been reduced from $3.5 million to $2.5 million. Gulfsands said it continues to seek a farm-in partner for Moulay Bouchta.
chart trader2000
14/2/2017
22:19
Bounty.... thanks for updating the charts.
gateside
13/2/2017
18:49
By Philip Waller LONDON--LGO Energy PLC (LGO.LN) said Monday it has overcome a delay in drilling two shallow infill wells at the Goudron field in eastern Trinidad. The oil & gas explorer said authorities have granted approval to cut trees at the well sites, meaning it will start drilling as soon as the site has been cleared and leveled and a rig is in place. Well H18E N4 is targeting a net 200-foot thick Mayaro Sandstone pay interval at a depth between 300 and 1,000 feet and is expected to be completed for production immediately after drilling operations end. The rig will then be moved to drill a second planned well. Chairman Neil Ritson said: "A delay beyond our immediate control caused some minor slippage in the timing of the planned drilling program." "These wells are the first two on a renewed campaign of production well drilling and we are pleased to be able to return to normal operations," he said.
chart trader2000
13/2/2017
18:48
By Philip Waller Genel Energy PLC (GNL.LN) Monday said it has finalized documentation for amended and re-stated production sharing contracts and gas lifting agreements for its Miran and Bina Bawi gas fields in the Kurdistan region of Iraq. The oil and gas group said the accords with the Kurdistan Regional Government will allow it to start developing the large-scale, low-cost, onshore fields, which will form the cornerstone of gas exports to Turkey under the 2013 KRG-Turkey Gas Sales Agreement. Genel Chief Executive Murat Ozgul said: "We are very pleased to have signed definitive agreements for our gas project and are now focused on the next step of concluding negotiations with potential partners."
chart trader2000
11/2/2017
17:34
http s://www.ig.com/uk/market-insight-videos?CHID=9&SM=TW&;REF=IGTV&bctid=5317160101001&bclid=3671160850001
highasakite
11/2/2017
17:34
http s://www.ig.com/uk/market-insight-videos?CHID=9&SM=TW&;REF=IGTV&bctid=5317160101001&bclid=3671160850001
highasakite
11/2/2017
16:43
a very good week for the portfolio, all down to malcy, I hope u are all following him and made money, how long will it carry of for ? who knows.
chart trader2000
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