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 17001 to 17021 of 17025 messages
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DateSubjectAuthorDiscuss
27/3/2017
12:58
royaloak27 Mar '17 - 12:51 - 68679 of 68680 0 0 FAR/CNE News looks good. VR-1 well finds oil in Senegal, 8/8 successful wells drilled • The VR-1 well has drilled to a depth of 2759m, below the OWC for the SNE field • The well intersected a 97m gross oil column across multiple reservoirs with highest net pay in any well drilled to date • Greater than expected thickness of Lower SNE Reservoirs in oil column • Best Lower SNE Reservoir properties measured so far in the SNE field • Samples of oil have been taken confirming fluid contacts • FAR expects the VR-1 well results to contribute to a revision of resource estimate for SNE • Well is currently ahead of schedule • Operations are continuing, preparing to deepen and drill into the Aptian carbonate play Drilling operations on the FAR Limited (ASX: FAR) VR-1 well offshore Senegal have reached a depth of 2759m, wireline logging and sampling through the SNE section are complete and preparations are underway for deepening the well into the Aptian carbonate objectives below the SNE field. FAR’s evaluation of the well results are as follows: • The reservoir units are in oil as prognosed • The lower, 500 series 520 reservoir (16m in oil), a key reservoir to the phase 1 development of the SNE field, exhibited excellent reservoir properties, superior to all other reservoirs sampled in the SNE field to date • The deeper 540 reservoir (11m in oil) has only been seen in the SNE-2 well in oil (2m) • Samples of oil have been taken • Along with other appraisal wells, the well confirmed a 97m gross oil column with greater than expected net pay and thickest net pay of all appraisal wells drilled to date FAR anticipates that the results of the VR-1 well, together with the recent SNE-5 results will lead to a revision of contingent resource estimate for the SNE field and have an impact on design of the development plan in the coming months. The 1C resource is currently 348mmbbls* (gross, unrisked, ref ASX announcement 23 August 2016) compared to the minimum economic field size for the SNE field of 200mmbbls. The VR-1 well is the 8th successful well to be drilled offshore Senegal since drilling commenced in 2014. Currently the well is 4 days ahead of budget reflecting similar Figure 1: Location of the planned VR-1 and SNE-6 wells * Refer to Cautionary Statement in this report (Page 3) relating to estimates of prospective resources Page 2 efficiencies experienced at the SNE-5 well. The VR-1 well is located approximately 5kms west of the SNE-1 discovery well (as seen in Figure 1) and is being drilled to appraise the lower and upper reservoir units in the western part of the SNE field. The VR-1 well will also assess the potential for additional reservoir units within the upper reservoirs in the western part of the SNE field. In addition, the VR-1 well will examine deeper Aptian carbonate exploration targets under the SNE field (refer to Suum lead in FAR ASX announcement dated 7 February 2017). The cross section in Figure 2 illustrates the location of the well relative to the SNE reservoirs and the deeper Aptian target. Budget and drilling efficiencies Due to the efficiencies achieved on the SNE-5 well and projected improved drilling performance, FAR estimates that the inclusion of the VR-1 well into the drilling program will have a minimal incremental funding impact for FAR (estimated at approximately A$2-3 million). FAR reported a closing cash position at 31 December 2016 of $47 million. FAR is able to fund the additional VR-1 well. FAR Managing Director, Cath Norman, said, “The VR-1 well has been highly successful, providing important information regarding the geology of the western flank of the SNE field and in particular the nature of the 500 series reservoirs. Understanding these reservoirs is critical to finalising the Phase 1 development concept and plan. The operations team and the Stena DrillMAX continue to perform well and it bodes well for further cost savings in the drilling program. We look forward to bringing our shareholders results from our exploration of the deeper Aptian carbonate play.”
chart trader2000
27/3/2017
11:40
Oil producers consider output cut extension as support grows After Sunday’s meeting, Kuwait’s Almarzooq, the compliance committee’s chairman, said OPEC is assessing whether to prolong the cuts for another six months. But the committee in its final statement removed a section in the draft that said it recommended a six-month extension. OPEC’s compliance rate was 106 percent in February, and non-OPEC nations including Russia have reached compliance of 64 percent, Kuwait’s Almarzooq said Sunday. The combined compliance rate of both was 94 percent, he said hTTp://www.hl.co.uk/news/2017/3/27/oil-producers-consider-output-cut-extension-as-support-grows?utm_source=Silverpop&;utm_medium=email&utm_campaign=EONRM_Newsroom%20daily_alternative%20(131)&utm_content=www_hl_co_uk_news_2017_3_27_oi&theSource=EONRM&Override=1&sp_mid=53710704&sp_rid=b2xpbWNldm95QGhvdG1haWwuY29tS0
fangorn2
27/3/2017
09:09
By Philip Waller LONDON--Cameroon-focused oil and gas explorer Bowleven PLC (BLVN.LN) Monday said it isn't planning a quick asset sale following claims from a shareholder with a 23% stake in the group. Crown Ocean Capital, or COC, said in a statement on Friday that it would not back any "fire sale" transaction following Bowleven's announcement of a strategic review. Bowleven said in a response that it has not pre-determined the outcome of the strategic review and, owing to its secure financial position, does not require or intend to undertake a "fire sale" transaction of any kind. COC had also said it had written to the company detailing what it believed to be a number of breaches of fiduciary duty by existing and previous directors of Bowleven linked to dissemination of information about its projects. Bowleven said: "The board will fully investigate any evidence brought forward of breaches of fiduciary duty by existing and previous directors of the company. As of today's date, the company has not established, nor is aware of, any such breaches."
chart trader2000
27/3/2017
08:51
LONDON--Jersey Oil & Gas PLC (JOG.LN) on Monday reported higher estimated resources at two exploration wells in the North Sea. JOG said an independent study had shown an increase in mean prospective resources attributed to license P.2170 for the Verbier prospect to 162 million barrels of oil equivalent, or mmboe, from 118 mmboe and the chance of success increased to 29% from 26%. The company said it had also identified contingent resources relating to discovery well 20/5a-10Y on the prospect. Drilling of Verbier by operator Statoil is planned for this summer. Mean prospective resources for the Cortina prospect increased to 124 mmboe from 91 mmboe with a chance of success of 19%. ............... "Omnia bona quoad perfora”
chart trader2000
27/3/2017
08:28
LONDON--Sirius Petroleum PLC (SRSP.LN), an investing company focused on oil and gas exploration and development opportunities in Nigeria, said Monday it engaged Polaris Consulting Company to undertake a seabed survey around the Ororo field license area. The marine vessel conducting the survey will mobilize to site in early April, and it is anticipated that the survey will take about two weeks to complete, Sirius said.
chart trader2000
27/3/2017
07:43
Amerisur Resources Plc ("Amerisur" or the "Company") Colombia Operations Update Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to provide an update of operations in Colombia. The well Mariposa-1, in block CPO-5 has spudded and is drilling ahead. The well is expected to be drilled to 12,880ft measured depth in approximately 38 days. This well is operated by ONGC Videsh. The Company will provide a further update on completion of drilling operations. The well is targeting the Guadalupe and basal sands, with a secondary target in the Mirador formation. Platanillo-22 continues to drill ahead, currently at 7,460ft in the Rumiyaco formation. The next prognosed horizon is the Villeta N sand, at 7,831ft.
chart trader2000
27/3/2017
07:42
Amerisur Resources Plc ("Amerisur" or the "Company") Colombia Operations Update Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to provide an update of operations in Colombia. The well Mariposa-1, in block CPO-5 has spudded and is drilling ahead. The well is expected to be drilled to 12,880ft measured depth in approximately 38 days. This well is operated by ONGC Videsh. The Company will provide a further update on completion of drilling operations. The well is targeting the Guadalupe and basal sands, with a secondary target in the Mirador formation. Platanillo-22 continues to drill ahead, currently at 7,460ft in the Rumiyaco formation. The next prognosed horizon is the Villeta N sand, at 7,831ft.
chart trader2000
27/3/2017
07:41
followed by this morning's RNS "...Dr Robert Trice, Hurricane's CEO, commented: "This is a highly significant moment for Hurricane and I am delighted that the Halifax Well results support the Company's view that its substantial Lancaster discovery has been extended to include the Halifax licence. We believe that the GLA is a single hydrocarbon accumulation, making it the largest undeveloped discovery on the UK Continental Shelf. The discovery of a 1km hydrocarbon column at Halifax validates the efforts the Company undertook to acquire the licence and drill, test and log the Halifax Well through the winter months. Given the positive well results, the Halifax Well has been suspended to provide the Company the option to return to undertake further testing as well as provide the option to deepen the well and thereby establish a definitive oil water contact..." http://uk.advfn.com/stock-market/london/hurricane-energy-HUR/share-news/Hurricane-Energy-PLC-Completion-of-Halifax-Well-Op/74185589
bountyhunter
27/3/2017
07:41
followed by this morning's RNS: "...Dr Robert Trice, Hurricane's CEO, commented: "This is a highly significant moment for Hurricane and I am delighted that the Halifax Well results support the Company's view that its substantial Lancaster discovery has been extended to include the Halifax licence. We believe that the GLA is a single hydrocarbon accumulation, making it the largest undeveloped discovery on the UK Continental Shelf. The discovery of a 1km hydrocarbon column at Halifax validates the efforts the Company undertook to acquire the licence and drill, test and log the Halifax Well through the winter months. Given the positive well results, the Halifax Well has been suspended to provide the Company the option to return to undertake further testing as well as provide the option to deepen the well and thereby establish a definitive oil water contact..." http://uk.advfn.com/stock-market/london/hurricane-energy-HUR/share-news/Hurricane-Energy-PLC-Completion-of-Halifax-Well-Op/74185589
bountyhunter
26/3/2017
21:35
glad to be in HUR after reading the the following FT weekend news story: Https://www.ft.com/content/7448d5be-108d-11e7-a88c-50ba212dce4d looking forward to tomorrow :-)
bountyhunter
26/3/2017
21:33
glad to be in HUR after reading the the following FT weekend news story: Https://www.ft.com/content/7448d5be-108d-11e7-a88c-50ba212dce4d looking forward to tomorrow :-)
bountyhunter
24/3/2017
19:27
upload image online upload a picture and the laggards.
chart trader2000
24/3/2017
19:27
photo upload this week's leaders
chart trader2000
24/3/2017
13:49
SDX Energy Results today from SDX are, given that they are pre-Circle and pre-raise, pretty meaningless but do make a good point as to how fast the company is moving and there is much exciting progress being made. As pointed out earlier in the week the South Disouq well is under way and looks for gas as well as oil and is virtually free for shareholders. Work continues on NW Gemsa as well as upgrades at Meseda, all part of the existing SDX story and of course there is a good deal of work to be done in Morocco as another part of the Circle deal. Today the shares are over 50p, a new high but deservedly so, they went into the bucket list for a good reason and have the scope to climb higher. malcy
chart trader2000
24/3/2017
10:18
Operational Highlights -- Average daily oil sales and production service fees equated to 1,196 barrels of oil per day ("BOP/D") for the 12 months to December 31, 2016 and 1,147 BOP/D for the 3 months to December 31, 2016. -- As at March 23, 2017 the Company's share of production from its operations was; o North West Gemsa 2,794 BOEP/D o Meseda 776 BOP/D o Morocco 663 BOE/D -- In North West Gemsa, six successful well workovers were completed in the 12 months ended December 31, 2016; -- In Meseda, following the successful completion of a nine well workover program and strategic initiative focussed on development optimization and increasing production, the partners completed a fluid handling review in H2 2016 which concluded that the Meseda facility treating capacity had to be increased. A tendering process to secure the equipment necessary to increase facility treating capacity has been completed and construction of the new facilities equipment has commenced. Once completed it will be shipped to location and installed; -- In South Disouq the 3D seismic acquisition was completed ahead of schedule and under budget. Processing and interpretation has also been completed and has identified potential for both oil and gas bearing prospects with strong Class III amplitude versus offset (AVO) responses observed in several prospects. Well planning and selection of drilling location was completed as planned and the well operations commenced on March 20, 2017. Enquiries have also been received from a number of operators regarding farming into the licence; and -- At the South Ramadan development concession, a technical review of prospectivity has been completed and an evaluation of project economics is underway. An extension to complete the drilling commitment has been requested from the government with any drilling now being planned for early 2018. Outlook: Egypt -- North West Gemsa o Complete 12 well workover program focused on ESP installation/maintenance and tubing maintenance to ensure production uptime; o Complete unitization arrangement with offset operator and prepare for any additional development activities -- Meseda o Drill 2 development wells (pending government approval) and 2 exploration wells o Replace up to 6 ESPs o Continue with redevelopment, waterflood program and facility capacity upgrade; -- South Disouq o Complete drilling of SD-1X exploration well and reach TD early Q2 2017 o Depending on results of SD-1X, decide upon next steps which may include commencing development planning and deciding whether to enter the 2(nd) exploration phase Morocco -- Sebou o Drill up to 5 wells in H2 2017; 3 development and 2 appraisal o Look to increase Gas volumes to existing customers and agree contracts with, and start supplying volumes to, new customers -- Lalla Mimouna o In H1 2017, high-grade 2 prospects for drilling o Drill these 2 prospects in H2 2017 Corporate -- Continue to explore opportunities to expand asset base in the North Africa region; and. -- Continue to minimise costs and crystallise synergies post completion of the acquisition of Circle Oil PLC's businesses in Egypt and Morocco SDX
chart trader2000
24/3/2017
09:35
By Ian Walker LONDON--Oil major Royal Dutch Shell PLC (RDSB.LN) said Friday it is selling its Gabon onshore interests for up to $737 million as part of its continuing drive to reduce debt. The assets are being bought by Assala Energy Holdings Ltd., a portfolio company belonging to Carlyle Group LP (CG), for an initial $587 million. The payment of a further $150 million depends on production performance and commodity prices, Shell said, adding that Carlyle will also take on debt of $285 million. Shell expects to book an impairment charge of $53 million post tax in its first quarter 2017 accounts. The deal, which is subject to certain conditions and approvals, is expected to close mid-2017, Shell said. "Together with recent divestments in the U.K., Gulf of Mexico and Canada, this transaction shows the clear momentum behind Shell's $30 billion divestment program, and it helps us to high-grade and simplify our upstream portfolio following the acquisition of BG," Andy Brown, Shell's Upstream Director, said. Shell will continue to pursue opportunities in Sub Saharan Africa, he said.
chart trader2000
24/3/2017
08:52
LONDON--Parkmead Group PLC (PMG.LN) reported Friday a slightly narrowed first-half pretax loss thanks to smaller sales costs and a weaker Sterling and despite a fall in revenue. The company said it has increased production from its low-cost Netherlands operations. Shares at 0815 GMT rose 7% to 46.50 pence. The oil and gas company made a pretax loss of 4.5 million pounds ($5.6 million) in the six months ended Dec. 31, slightly less than the loss of GBP4.6 million made in the corresponding period. Revenue shed to GBP2.7 million from GBP7 million. The company is debt-free, it said.
chart trader2000
24/3/2017
07:54
LONDON--Tlou Energy Ltd. (TOU.AU) said Friday it has completed a 3.1 million pound ($3.9 million) share placing, which will be used towards additional field appraisal to expand its independent gas reserves, and to finalize licensing requirements prior to development of the Lesedi coal bed methane project. The AIM and ASX-listed coal bed methane natural gas company, whose principal assets are in Botswana, has placed 51.8 million new ordinary shares at 6 pence each, a 17% discount to Thursday's closing share price in London of 7 pence. In addition to the placing, Tlou is offering existing shareholders the opportunity to participate in a share purchase plan to raise up to a further 2 million Australian Dollars ($1.5 million) at the same price. Funds raised from the share purchase plan will be applied to working capital and Lesedi work program costs, it said. The placement was managed by Shore Capital Stockbrokers Ltd. and Optiva Securities Ltd. in the U.K. and Taylor Collison Ltd. in Australia. Trading in the company's shares have been halted in Australia and are expected to be restored on March 27.
chart trader2000
24/3/2017
07:53
Tethys Petroleum Press Release (TSX: TPL, LSE: TPL) Tethys Petroleum Limited to cancel listing in the United Kingdom
chart trader2000
23/3/2017
09:06
LONDON--Soco International PLC (SIA.LN) Thursday reported a near halved 2016 net loss, after booking a large exploration expense last year, and said it is increasing efforts to provide material growth to the company. The international oil and gas exploration and production company produced 9,883 barrels of oil equivalent in 2016, compared with 11,976 barrels in 2016. It said that with development drilling restarted at the end of 2016, and with an approved updated full field development plan, the board expects to arrest the performance decline and grow production. The company had commercial reserves of 33.3 million barrels of oil equivalent at the year end, compared with 37.3 million barrels at the end of 2015. For the year ended Dec. 31, 2016 Soco made a loss for the year of $18.3 million, compared with a loss of $33.8 million a year earlier. Revenue fell to $154.6 million, from $214.8 million, due to the lower production and oil price. Average realized crude oil price was $45 a barrel in the year, compared with $54 in 2015, a premium to brent of over $1 a barrel. The board has declared a dividend of 5 pence a share.
chart trader2000
23/3/2017
07:58
Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca" or the "Company") announces its financial results for the twelve months ended 31 December 2016, together with the results of its independent year-end reserves assessment and an operations update. Financial and operating highlights -- Average production of 9,310 barrels of oil equivalent per day ("boepd"), ahead of full year guidance of 9,000 boepd (2015: 12,066 boepd) -- Unit operating expenditure reduced to $23/boe in 2016 (2015: $31/boe) -- 2016 cashflow from operations of $147 million, down from $261 million in 2015 -- Loss after tax of $54 million, impacted by the reduction in UK tax rates during the year (2015: $121 million) -- Downside commodity price hedging in place to mid-2018 - 7,600 boepd at an average floor of $50/boe -- Net debt reduced to $598 million at year-end 2016, down from $665 million at the start of 2016 -- Refinancing of the Company's debt facilities anticipated during 2017 -- Proved and probable reserves, as independently evaluated by Sproule(1) , increased to 76 MMboe, primarily as a result of the Vorlich and Austen licence acquisitions and updated portfolio work programmes Greater Stella Area development activities -- Stella field started up in February 2017 - production to date approximately 1,700 barrels of oil per day net to Ithaca -- FPF-1 dynamic commissioning programme on-going - producing at reduced rates to minimise flaring until the gas processing systems are fully commissioned -- Harrier field development programme underway - development drilling to be completed in 2017, with start-up of production expected in the second half of 2018 Recommended Delek cash takeover offer - opportunity created for shareholders to crystallise the full value of their investments at a premium cash price -- Takeover offer by DLK Investments Limited, a wholly owned subsidiary of Delek Group Limited ("Delek"), announced on 6 February 2017 for a cash consideration of C$1.95 per share, which equates to approximately GBP1.19 per share(2) -- Acceptance of the offer is unanimously recommended by the Board of Directors (excluding the Delek related party directors) based on an evaluation of the fullness of the offer relative to the future upsides and execution risks of the business -- Shareholder circulars distributed and closing of initial deposit period set as 17.00 (Toronto time) on 20 April 2017 - the offer is conditional upon, amongst other things, more than 50% of the shares outstanding that are not currently owned by the Offeror and its affiliates being deposited by that time
chart trader2000
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