Oil and Gas

Extension granted for the Danica Jutland and Resources Licences, Denmark New World Oil and Gas Plc, an oil and gas operating company focused on Denmark and Belize, has reached agreement with the Danish Energy Agency to extend its existing work programme commitment deadlines for Licences 1/08, 1/09 and 2/09 to 15 September 2015. These extensions […]

Update on Kiln Lane-1 Well, onshore UK Europa Oil & Gas plc, the AIM quoted oil and gas company with a combination of producing and exploration assets in Europe, has announced the completion of drilling operations at the Kiln Lane-1 conventional exploration well on Licence PEDL 181 in Northeast Lincolnshire. The Well spudded on 23 […]

Finally the seller has cleared from (LSE:IAE) Ithaca Energy as i mentioned on my Chris Oil Blog Friday afternoon after 31% of the companies shares have changed hands since the February RNS. Clearly both fundermentally and charting wise point back to 65p in a V shape recovery. With a strong oil price at the end […]

The FTSE 100 is pushing back toward record territory once again today with help from Standard Charter Bank (LSE:STAN) and George Osborne. Approaching 3:00 pm in London, the FTSE is up 1.43% to 6.935.46, moving closer to surpassing its 6,974.26 52-week high. To be clear, Standard Charter and George Osborne are not the only reasons […]

Chevron stock (NYSE:CVX) is currently a bear market and long trades are not recommended here. The dominant bias is bearish and rallies would offer nice opportunities to go short. Last year, the market would go up – only to drop downwards steeply. While short-term bulls could harness some gains in this kind of market, some […]

It amazes me the value you can now buy Ithaca Energy (LSE:IAE) .  So whats behind the fall and when will it rebound ? Firstly whats being played out is nothing to do with private investors but two city funds nearly cleared as i write for there own daft internal reasons after 18 trading days. […]

Appointment of Executive Vice President – Mexico Northcote (LSE:NCT), an onshore US oil and gas exploration and production company, has said that Mr. Abraham Achar has joined the Company as full time Executive Vice President – Mexico. In this role, Mr. Achar will lead and develop business development activities in Mexico, which has recently reopened […]

Breaking news on  the three hot stocks going in all directions BUT only two ready to bounce. Panmure Gordon has a sell rating for (LSE:FOGL) Falkland Oil and a BUY rating on (LSE:RKH) Rockhopper Exploration. Chris Oil calls it again. Interesting tweets first thing by David Buik. Clearly the market agrees with my views in […]

New Shoats Creek Well Update Northcote (LSE:NCT) has announced that it is has been informed by Aminex USA Inc., the Operator of Shoats Creek, that it has signed a rig contract to drill a new conventional vertical well at Shoats Creek Field. Highlights: · The new well, the Lutcher Moore #20, has been prepared and […]

In the east Mediterranean Sea BP Egypt announced today another important gas discovery in the North Damietta Offshore Concession in the East Nile Delta. The “Atoll-1” deepwater exploration well, currently being drilled using the 6th generation semi-submersible rig “Maersk Discoverer,” has reached 6,400 metres depth and penetrated approximately 50 metres of gas pay in high […]