Oil and Gas

Russia-focussed oil and gas producer PetroNeft Resources (LSE:PTR)  has commenced drilling the first of the ten-well development programme  at its Arbuzovskoye oil field and expects to put them into production by next month, September, the company announced today. The plan has been in place since it was approved last November 2011 and Petroneft has stated […]

US-focussed explorer Caza Oil & Gas Inc. (LSE:CAZA) said revenue for the second quarter increased, as production improved by new wells brought into operation, despite a drop in the price of oil. In a statement released today, Caza reported over US$1 million revenue, about a third more for the same period a year ago, total […]

I have never tipped – or that I can remember – written about AIM listed oil and gas company Sefton Resources (LSE:SER) and nor have I bought any stock in this penny share hopeful. The history of companies seeking to explore or produce hydrocarbons in the US but listing on Aim is so dire that […]

Petroceltic International plc (LSE:PCI) said today, it is now ready to provide the Algerian Government all the necessary documents to support its bid for a 30-year exploitation permit for the Ain Tsila field in Algeria. In a statement, Petroceltic said the parties to the Isarene Production Sharing Contract, has agreed to a Formal Declaration of […]

The company shares of Falkland Oil and Gas (LSE:FOGL) are showing strong determination to keep going up. The long-term trend on the company price chart has been bullish; despite the turbulent past. The price has become inebriated by incessant bullish pressure. A potentially new phase of the dominant trend has been identified and would be […]

Max Petroleum plc (LSE:MXP) has found a white knight to fund its already over-budgeted exploration programme in Kazakhstan, thanks to one of the company’s driller, Zhandros Drilling LLP, who agreed to carry on exploration activities for the company in exchange for nearly 10% of the oil and gas explorer’s current issued capital. In a statement […]

43 billion cubic feet of gas sounds like a lot. I am sorry to say that it is not as vast as it sounds. In fact it is rather small (call it 750,000 barrels of oil). This is the Tosca-1 well where AIM listed Northern Petroleum (LSE:NOP) has announced that it has now started drilling.  It […]

I note that yesterday, the stock price of AIM listed Falklands Oil & Gas (LSE:FOGL) jumped by 10.25p to 85.25p ( a gain of almost 14%) after it announced that it had spudded its first well in the South Atlantic as it always said that it would do in August. To be fair there was […]

Falkland Oil & Gas Limited (LSE:FOGL) has signed in a new partner in its exploration in the Falkland Islands in a contract that is estimated to be worth between US$180 and $230 million in the next three years, the company said today. Noble Energy Falklands Limited, an affiliate of NYSE-listed Noble Energy, Inc. (NYSE:NBL), entered […]

FTSE 250 oil and gas firm Ophir Energy plc (LSE:OPHR) made its sixth gas discovery in Tanzania but said the gas find was lower than what the company hoped it would have. In a statement released earlier today, the Africa-focussed explorer said Papa-1 well, its sixth well located in Block 3 offshore Tanzania, encountered 89 […]