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 06:30:09
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

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DateSubjectAuthorDiscuss
21/7/2017
21:11
the laggards PANR SOU VOG PMO
chart trader2000
21/7/2017
21:09
This week's leaders AMER JOG
chart trader2000
21/7/2017
07:39
Sound Energy plc ("Sound Energy" or the "Company") Eastern Morocco Update: Licence and Geophysical Operations Sound Energy, the African and European focused upstream gas company, is pleased to provide an update on its Eastern Morocco acreage post the OGIF acquisition, which is expected to complete shortly, and the recently initiated regional geophysical programme. Background The Company operates the Tendrara permit (75% operated position, which is shared 27.5% with Schlumberger thereby resulting in a net 47.5% Sound Energy position). The Tendrara permit is currently in the first complimentary period, transitioning into the second complimentary period (which would expire in August 2020) in August 2018. The Company's three existing wells on Tendrara (TE6, TE7 and TE8) have already fulfilled the work programme for the first and second complimentary periods. The Company expects, subject to regulatory approval, to secure a new eight year licence in 2018, after the first complimentary period ends. The Company is currently pursuing (as detailed below) a geophysical programme including a Full Tensor Gravity (FTG) gradiometry survey and 2D seismic which, as previously announced, is to be provided, and funded, by Schlumberger in accordance with the terms of the Schlumberger commitments announced by the Company on 25 April 2017. Licence Update post acquisition of Oil & Gas Investment Fund S.A.S. ("OGIF") interests The Company is progressing well with its acquisition of various licences in Eastern Morocco from OGIF (the "Acquisition") and is expecting completion of the Acquisition at the end of Q3 2017. As announced on 20 February 2017 the Acquisition will see Sound Energy acquire: (i) a further 20% interest in the Company's Tendrara exploration permits; (ii) rights to apply for a 75% operated interest in an exploration permit for the Meridja area (over which the Company had previously exercised an existing option to acquire a 55% operated interest, conditional on regulatory approval); and (iii) an application and/or rights to apply for a 75% position in certain relinquished area(s)* of the Tendrara exploration permit areas. On completion of the Acquisition OGIF will be issued with 272 million new ordinary shares in the Company (the "Consideration Shares"). The issue of the Consideration Shares was approved by Sound Energy shareholders on 15 March 2017 and OGIF will be locked in for a period of 12 months from issue. Various new licence agreements have now been entered into by the Company and Morocco's Office National des Hydrocarbures des Mines ("ONHYM"). These agreements, details of which are set out below, will come into force at the same time as completion of the Acquisition, which is now only pending approval of the Moroccan Energy and Finance ministries. As is normal in Morocco, a bank guarantee of US$2.95 million is being lodged by the Company and its partners to cover a proportion of the work commitments under the various licences. Meridja / Anoual The first agreement relates to the Petroleum Agreement covering what is currently known as the Meridja reconnaissance area. The acreage covered by this new Petroleum Agreement, spans some 8,863 square kilometres and will be named Anoual. Upon completion, the Company will hold an operated 75% position, of which 27.5% is shared with Schlumberger resulting in a net 47.5% position for the Company. The remaining 25% will be held by ONHYM. The Anoual exploration permit will have a duration of 8 years from grant and, as with all Moroccan licences, will be divided into 3 phases with each having pre-agreed work commitments. The work commitments under the Anoual exploration permit will be: · Initial period of 3 years: FTG-aerogradiometry, 600 kilometres of 2D seismic and 150 square kilometres of 3D seismic. These elements of the Anoual exploration permit work commitments will be provided, and funded, by Schlumberger in accordance with the terms of the Schlumberger commitments announced by the Company on 25 April 2017. · Optional First complimentary period of 2 years and 6 months: 1 exploration well with Triassic objective. Under the Moroccan hydrocarbon code, this well can be drilled at any time (including during the initial period) and will still count as a commitment well for the first period. · Optional Second complimentary period of 2 years and 6 months: A further single exploration well with Triassic objective. Under the Moroccan hydrocarbon code, this well can be drilled at any time and will still count as a commitment well for the second period. Tendrara relinquished acreage / Matarka The second agreement relates to a new reconnaissance exploration licence for the previously relinquished Tendrara acreage*, which will also come in to effect on completion of the Acquisition. This new reconnaissance acreage, covering 5,185 square kilometres, will be named Matarka (the "Matarka Licence"). Upon completion of the Acquisition, the Company will hold an operated 75% position, of which 27.5% is shared with Schlumberger, resulting in a net 47.5% position for the Company. As with all Moroccan reconnaissance licences, the Matarka Licence will have a duration of 1 year from issue. The work commitments on the Matarka Licence will be a FTG aerogradiometry survey, which will also be provided, and funded, by Schlumberger in accordance with the terms of the Schlumberger commitments announced by the Company on 25 April 2017. After the 1 year period of the Matarka Licence, the Company has the right to apply for a full exploration permit. Eastern Moroccan Geophysical Programme The Company is progressing seismic and gradiometry surveys which will generate a robust prospect inventory with a view to determining the extent and volume potential of areas not previously surveyed to the North-East and updip of the Lakbir High and to the West on a series of structural highs. The entire programme is funded by Schlumberger. Gradiometry The gradiometry programme will include; FTG, Scalar Gravity, Magnetics and LiDAR surveys. The programme is being initiated in July 2017 over an area of circa 24,000 square kilometres, with the aim of developing a basin scale model to evaluate the Paleozoic and Triassic petroleum systems and basin potential. These operations will be delivered by one twin-turbine light aircraft, carrying multiple sensors, flying at an altitude of 200 metres. These operations, as planned, are expected to take 3 months - with the full interpretation being available during November 2017. The data collected will also guide and enhance the forthcoming Eastern Moroccan 2D seismic programme. 2D Seismic In parallel, a state of the art Schlumberger WesternGeco seismic crew equipped with single source/sensor (UniQ™) recording equipment is being mobilised to Eastern Morocco. The output from the newly acquired 2D seismic will be augmented with co-acquired Time Domain Electro Magnetic (TDEM), and Magneto-Telluric (MT) measurements. The seismic shooting is being parcelled into 3 areas, with the first starting late August and most likely targeting the Tendrara/Anoual border area to better define a series of structural leads. The second will follow in November attempting to define the north-east updip closure of the Te-5 Horst and Lakbir highs, whilst the third seismic parcel, to be shot in Q1 2018, will seek to better define the underlying Paleozoic structural trends across a broad regional grid to enhance the basin model. As each of these seismic phases is completed and interpreted, a robust high graded prospect inventory will be built. The expectation is that the prospect inventory will be assured by a series of Competent Persons Reports at the end of Q1 and at the end of Q2 2018, in addition to the completion of a Competent Persons Report on the Tendrara discovered resources to be completed at Final Investment Decision for the development project.
chart trader2000
21/7/2017
07:05
Magnolia Petroleum Plc (‘MagnoliaR17; or ‘the Company’) Divestment of Wells Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, is pleased to announce the divestment of 19 new wells in North Dakota and Oklahoma via two separate transactions (‘the Transactions’) for a total of US$411,000. In addition to raising funds for the Company, the divestment assists Magnolia in realigning its forthcoming well investments into core counties in which Western Energy Development LLC (‘WED’) can invest to allow the Company to participate alongside the anticipated WED investments and, as a result, the carried interests the Company will receive. Transaction#1: Farm out of six Marathon Oil-operated wells in North Dakota Further to its announcement of 20 May 2017, Magnolia has agreed to farm-out (‘the Farm-Out’) its interest in six Marathon Oil-operated wells targeting the Bakken and Three Forks Sanish formations in North Dakota for an upfront cash consideration of US$150,000. Magnolia did not incur any costs in relation to these interests. In addition to receiving an upfront cash payment, Magnolia will retain an interest in all six wells via a back-in after payout arrangement, providing the Company with exposure to future production and cash flow. As a result of the Farm-Out, Magnolia will no longer be required to pay any of its share of the costs for drilling and completing the six wells. Transaction#2: Divestment of 13 Continental Resources-operated wells in Oklahoma The Company has additionally divested its interest in the thirteen Sympson wells, which it acquired in Q4 2015 and are only now being drilled/completed by Continental Resources in Oklahoma, for an upfront cash consideration of US$261,000. To date Magnolia has incurred US$200,000 in drilling costs in these wells and will no longer be required to meet any of its share of the future costs in drilling or completing these wells. US$210,000 of the cash consideration received will be used to reduce the Company’s reserve based lending facility (‘the Facility’), which will fall to US$2,353,080 following the payment. The remaining funds will be used for working capital and for future investment.
chart trader2000
20/7/2017
09:43
LONDON--Empyrean Energy PLC (EME.LN) said Thursday the installation of the surface conductor for the Dempsey 1-15 Appraisal and Exploration project is now complete, adding that the well is currently on track to spud later this month. Empyrean will have a 30% working interest in the Dempsey 1-15 well; Sacgasco Ltd (SGC) holds 50%; Pancontinental (PCL) and Xstate Resources Ltd. (XST) will hold 10% each. Empyrean shares at 0825 GMT up 63 pence, or 6.2%, at 10.75 pence, valuing the company at GBP41.6 million.
chart trader2000
20/7/2017
07:55
LONDON--TomCo Energy PLC (TOM.LN) said Thursday it has raised 250,000 pounds ($325,600) via a share placing, which will be used to repay a loan to its unit TurboShale LLC so it can start laboratory test work. The U.K. company, focused on the development of its oil shale assets in the U.S. state of Utah, has placed 6.25 million new ordinary shares at 4 pence each, a 43% discount to its closing share price of 7 pence Wednesday.
chart trader2000
20/7/2017
07:47
Update on Kiliwani North, Ntorya, Tanzania Solo Oil plc (AIM: SOLO), the natural resources investment company focused on acquiring and developing a diverse global non-operated portfolio of strategic oil and gas assets is pleased to announce that the Company has been informed by Aminex plc, Operator of the Kiliwani North Gas Field, that it has now received a further payment from Tanzania Petroleum Development Corporation ('TPDC') for Kiliwani gas sales. Aminex continues to work with TPDC to bring arrears fully up to date. The Company is further informed that production from the Kiliwani North 1 well continues to average 15 MMcf/d during 2017. In the Ruvuma area, Aminex is focused on updating its basin model which includes preliminary re-mapping of multiple stratigraphic fairways and updating resource numbers. A gas development plan is being prepared by io oil & gas consultancy. These, together with submission of the Ntorya Field development plan to TPDC, are expected to be completed in early September.
chart trader2000
19/7/2017
09:26
By Rory Gallivan LONDON--Shares in Independent Oil & Gas PLC (IOG.LN) jumped Wednesday after it said it has Wednesday submitted a development plan to the U.K. Oil and Gas Authority for the Blythe and Elgood fields in the North Sea. IOG said it expects the fields to provide the company's first revenue from its current portfolio of assets, which includes fields around the North Sea. Shares at 0810 GMT, up 2 pence, or 12%, at 14 pence valuing the company at GBP15.3 million.
chart trader2000
18/7/2017
11:21
Brent header chart rolled
bountyhunter
18/7/2017
10:55
I have decided to close the long early here at 7407 ( still a nice profit)
hithere2
18/7/2017
09:34
LONDON--Ascent Resources PLC (AST.LN) said Tuesday that the completion of the necessary infrastructure for the Peti ovci project in Slovenia is progressing well. Shares at 0830 GMT down 11%, at 2 pence, valuing the company at GBP34.4 million.
chart trader2000
18/7/2017
08:19
Icewine#2 Operations Update 88 Energy Limited ("88 Energy", "the Company", "Operator") (ASX, AIM: 88E) is pleased to provide an update on Project Icewine, located onshore North Slope of Alaska. Highlights -- Icewine#2 well shut-in on 10(th) July to allow for imbibition and pressure build-up -- Analyses of flowback results to date ongoing Icewine#2 Operations Update The Icewine#2 well was shut-in on the 10(th) July for a six week period to allow for imbibition and pressure build up to occur. Prior to shut-in, 16% of the stimulation fluid had been recovered from the reservoir under natural flowback, with trace hydrocarbons returned at surface. Imbibition, or "soaking", allows for absorption of frac water into the formation, which may displace reservoir water molecules that are restricting hydrocarbon molecules from flowing into the created fractures. The pressure build up data will provide insights into the permeability created by the stimulation. Ultimately, the post shut-in well performance will determine the next steps required, such as continuing to flowback naturally or the introduction of artificial lift (eg swabbing). The HRZ shale shares several characteristics with other successful shales in the Lower 48; however, there is no blueprint or benchmark against which it is meaningful to measure performance as there are also many differences. At this juncture, the Joint Venture is of the view that further analyses are required to determine what impact the performance of the well to date has on the probability of success for the play. These analyses include, but are not limited to; -- comparison of the flowback rate against expected the expected flowback rate based on reservoir parameters and the successful execution of the fracture stimulation; -- reconciliation of the petrophysical model, and the apparent in-situ hydrocarbons, with the hydrocarbons recovered to surface to date. These analyses are ongoing and will be communicated once complete. Further updates will be made as and when appropriate throughout the testing program
chart trader2000
17/7/2017
12:11
The Major Wildcard That Could Send Oil To $120 By Nick Cunningham - Jul 10, 2017, 6:00 PM CDT Http://oilprice.com/Energy/Oil-Prices/The-Major-Wildcard-That-Could-Send-Oil-To-120.html
bountyhunter
14/7/2017
21:02
MALCY TODAY: Victoria Oil & Gas Another share purchase by a director at VOG as CEO Ahmet Dik has bought 19,220 shares at around the 56p level. A number of directors have bought shares in recent days, a good sign as they clearly share my view that the stock is seriously undervalued at these levels.
highasakite
14/7/2017
20:09
the laggards. just the two this week.
chart trader2000
14/7/2017
20:07
this week's leader, it's all random, isn't it ?
chart trader2000
14/7/2017
16:25
LONDON-- U.K. Oil & Gas Investments PLC (UKOG.LN) Friday said the U.K.'s Oil and Gas Authority has granted final consent for a test program at the Broadford Bridge-1 oil exploration well south of London. Shares at 1515 GMT, up 5.7%, at 3 pence valuing the company at GBP114.8 million.
chart trader2000
14/7/2017
12:00
1059 GMT - An oil find off the coast of Mexico could transform Premier Oil PLC, but the company's near-term prospects depend on cutting debt, says Barclays. Premier announced Wednesday that it had made a world-class discovery in the Zama-1 exploration well in block seven, in which the company has a 25% stake. The Zama discovery has rightly got investors' attention and could exceed expectations, Barclays says. "While the asset may become company-defining in time, we believe the second-half investment case is still focused on positioning Premier to accelerate debt reduction," the bank adds. Shares in Premier Oil fall 0.8% to 62 pence. Barclays keeps an 'equal-weight' rating on the stock, though it raises its price target to 72 pence from 57 pence.
chart trader2000
14/7/2017
08:58
LONDON--Independent Oil & Gas PLC (IOG.LN) said Friday it has been awarded a new license by the U.K. Oil and Gas Authority in the 2016 supplementary offshore oil and gas licensing round, comprising Block 48/25a. The North Sea development and production focused Oil and Gas Company said the license includes the western part of the Vulcan North West discovery that extends into 48/25a and also includes the Hogsback, Hobson and Goacher prospects.
chart trader2000
14/7/2017
08:30
LONDON--Pantheon Resources PLC (PANR.LN) said Friday it has signed contracts on improved terms with Kinder Morgan to install and operate a 15 million cubic feet a day capacity gas processing facility in Polk County, with first production being targeted by mid-September from the VOBM No.1 and No.3 wells. The AIM-quoted oil and gas exploration company added that a rig, frac crew and related equipment to undertake the planned frac of the VOBM No.2H well has been booked and operations are estimated to start early August. It also said arrangements for a suitable drill rig for the sidetrack of the VOBM No.4 well are presently underway.
chart trader2000
14/7/2017
08:30
LONDON--Pantheon Resources PLC (PANR.LN) said Friday it has signed contracts on improved terms with Kinder Morgan to install and operate a 15 million cubic feet a day capacity gas processing facility in Polk County, with first production being targeted by mid-September from the VOBM No.1 and No.3 wells. The AIM-quoted oil and gas exploration company added that a rig, frac crew and related equipment to undertake the planned frac of the VOBM No.2H well has been booked and operations are estimated to start early August. It also said arrangements for a suitable drill rig for the sidetrack of the VOBM No.4 well are presently underway.
chart trader2000
14/7/2017
07:24
LONDON--Zenith Energy Ltd. (ZEN, ZEE) has entered into an agreement to proceed with a brokered private placement to raise 265,000 pounds ($341,299) through the issue of 3.5 million new shares in the capital of the company at GBP0.075 each. The international oil & gas production company operating in Azerbaijan, said Friday the proceeds of the placement will be used in part to fund the deposit necessary for the company's acquisition of a new modern workover rig manufactured in China. This workover rig will also be capable of carrying out well completion and will therefore play an important role once the company's drilling program commences in making newly drilled wells ready for production, it said.
chart trader2000
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