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Thursday, June 7, 2012

Oilbarrel Newsletter 7th June 2012

Oilbarrel.com Informed comment and independent oil and gas   news
Oilbarrel Weekly Roundup 1st - 7th June 2012


We regret to announce that the June 14 Oilbarrel conference will now no longer take place.

Our parent company, Rivington Street Holdings, has recently been undergoing a major structural re-organisation, and for this reason, and in light of the adverse market conditions, we have decided that our next event will now be held on July 19.

We look forward to seeing you then.

Best wishes,

The Oilbarrel Team

53rd Oilbarrel Conference Thursday 19th July 2012

Sponsored By:

Thursday 19th July 2012
Merchant Taylors Hall
30 Threadneedle Street
London, EC2R 8JB

Presenting Companies TBA

Click Here to Register or contact support@oilbarrel.com

Latest News

News: June 07, 2012

Repsol Looks To Join Tower Resources Offshore Namibia

Fresh from drilling a duster offshore Cuba, and still reeling from the annexation of its Argentina subsidiary YPF, Spanish oil giant Repsol has turned its attention to one of Africa's new frontier plays.  Repsol, which has seen its shares drop almost 45 per cent this year, has announced plans to enter Namibia following a farm-in agreement with Arcadia Petroleum, which owns 85 per cent of Licence 0010.  Should this deal go through – and as yet the formal documentation and government approvals have not been completed – then Repsol would hold 44 per cent of the licence alongside privately-owned Arcadia with 41 per cent and AIM-quoted Tower Resources with 15 per cent.

Full story...

News: June 07, 2012

SacOil Can Enjoy Total Developing Block III In The DRC While It Pursues Production In Nigeria And Looks For New Opportunities

 JSE and AIM listed SacOil is a pan-African upstream oil and gas company with assets in Nigeria, the DRC and South Africa.  The company sprang to life in March 2008 when JSE listed Samroc acquired the South Africa Congo Oil Company (SacOil), which effectively allowed SacOil to reverse into a listed vehicle and fund its development plans in the DRC.  Since then the company has acquired its two Nigerian interests and gained its AIM listing on April 8, 2011.  SacOil remains on the lookout for opportunities and sees the retreat of the Majors from discovered but underdeveloped / marginal oil fields in Africa as providing exciting opportunities for smaller operators

Full story...

News: June 06, 2012

Near Term Production From Vostochny Makarovskoye Will Access Significant Reserves for Volga Gas

Europe begrudgingly sources a significant proportion of its gas from Russia, and for companies willing to navigate the notoriously difficult regulatory system, there are big rewards to be had.  AIM listed Volga Gas has accepted this challenge and assembled a collection of oil and gas assets in the Volga region of South West Russia.  While current output is sold domestically, the location of its assets would naturally lend itself to European export.

Full story...

News: June 06, 2012

Two Years On From The Much Maligned Law 128 And Italy Signals Intent To Lift Offshore Drilling Ban

When BP's Deepwater Horizon exploded in April 2010, killing 11 men and unleashing huge volumes of oil into the Gulf of Mexico, countries around the world took another look at their offshore drilling regimes to ensure they were sufficiently stringent.  Italy, however, went a step further and in August 2010, amid political turmoil, the centre right government of Silvio Berlosconi issued a blanket ban on offshore drilling within five miles of the Italian coast and 12 miles off "protected areas".  The hasty legislation – known as Law 128 - sent shares in companies with exposure to the Italian offshore into a tailspin and, as domestic production lagged and imports rose, Italy's hard-pressed economy faced an additional burden

Full story...

News: June 05, 2012

PetroNeft Secures Additional Financing And Eyes Arbuzovskoye Start-Up In Q3

Shares in PetroNeft Resources ticked up on Thursday, a welcome move given the weak share price performance of the past year.  The AIM-quoted company has suffered as its producing asset, Lineynoye in Western Siberia, has serially missed production targets but news of a new lending facility and progress with a second oilfield development helped lift the shares eight per cent in morning trading to eight pence, albeit still a fraction of the levels of a year ago.

Full story...

 

Press releases

June 07, 2012 - Dong Energy £425 million Lincs Wind Farm project...
June 07, 2012 - Dragon Oil Transaction in Own Shares
June 07, 2012 - Jupiter Energy Limited J-53 Well and Reserves Update
June 07, 2012 - President Petroleum Company... Date of AGM
June 07, 2012 - Caza Oil & Gas, Inc Operational Update
June 07, 2012 - Parkmead Group Plc Irrevocable undertaking - RAB Energy Fund Ltd
June 07, 2012 - Circle Oil plc 2011 Preliminary Results
June 07, 2012 - Tullow Oil plc Well update
June 07, 2012 - Deo Petroleum Plc Final Results
June 07, 2012 - Deo Petroleum Plc Irrevocable undertaking - RAB Energy Fund Ltd
June 07, 2012 - Deo Petroleum Plc Form 8.5 (EPT/RI)
June 07, 2012 - Ithaca Energy Inc Athena Production Rates
June 07, 2012 - Ithaca Energy Inc Athena Production Rates
June 07, 2012 - Trap Oil Group Placing of New Ordinary Shares and...
June 07, 2012 - Cove Energy Plc Form 8.3 - Cove Energy Plc
June 07, 2012 - Cove Energy Plc Form 8.3 - Cove Energy PLC
June 07, 2012 - Cove Energy Plc Form 8.3 - Cove Energy Plc
June 07, 2012 - Lochard Energy Group Plc Athena Production Rates
June 07, 2012 - Cove Energy Plc Holding(s) in Company
June 06, 2012 - Soco International Plc Holding(s) in Company
June 06, 2012 - Infrastrata Plc Agreements with eCORP and Portland Port
June 06, 2012 - Tower Resources plc Namibia Update
June 06, 2012 - San Leon Energy Expansion of Gas Acreage
June 06, 2012 - San Leon Energy Barryroe Update
June 06, 2012 - Nautical Petroleum Plc Carnaby Oil Discovery
June 06, 2012 - Premier Oil Carnaby Oil Discovery
June 06, 2012 - Premier Oil Carnaby Appraisal Well
June 06, 2012 - Rialto Energy Ltd Weekly Drilling Progress Report
June 06, 2012 - Essar Energy Plc Essar Oil Completes Vadinar Optimisation...
June 06, 2012 - Valiant Petroleum Plc Termination of Contract with Awilco...
June 06, 2012 - SacOil Holdings Ltd SacOil Holdings Appeal Upheld
June 06, 2012 - Amerisur Resources PLC Platanillo-3 Update
June 06, 2012 - Borders & Southern... Posting of Annual Report
June 06, 2012 - Providence Resources Providence Resources plc : Barryroe...
June 06, 2012 - Providence Resources Barryroe Oil Assay
June 06, 2012 - Dragon Oil Drilling Update
June 06, 2012 - Dragon Oil Share Buyback Programme
June 06, 2012 - Norwest Energy NL Proactive Sydney 2012
June 06, 2012 - Range Resources Ltd Puntland Update - Shabeel North Spuds
June 06, 2012 - TEG Group Re Formal Sale Process
June 06, 2012 - Lansdowne Oil & Gas Barryroe Oil Assay
June 06, 2012 - TEG Group Preliminary results
June 06, 2012 - TEG Group Re New Contract
June 06, 2012 - TEG Group Open Offer and Notice of General Meeting
June 06, 2012 - Red Emperor Resources NL Puntland - Shabeel North Spuds
June 06, 2012 - Cairn Energy PLC Carnaby Appraisal Well
June 05, 2012 - Dart Energy Fullerton Cove Pilot Project Receives...
June 05, 2012 - Central Petroleum Ltd Richard Cottee Commences CEO Role
June 05, 2012 - Central Petroleum Ltd Chairman's Letter to Shareholders
June 04, 2012 - Wentworth Resources Limited Notice of Annual Meeting
June 04, 2012 - Beach Energy Beach To AcceptShares and Cash OPtion For...
June 04, 2012 - Sino Gas & Energy Holdings... FUNDING FOR SANJIAOBEI AND THE LINXING...
June 01, 2012 - Sound Oil PLC Strombone Funding
June 01, 2012 - Roxi Petroleum Plc Operational Update 
June 01, 2012 - Jubilant Energy Drilling Update 
June 01, 2012 - Sefton Resources Appointment of Nominated Adviser
June 01, 2012 - Global Energy Development Total Voting Rights 
June 01, 2012 - Leni Gas & Oil Plc Report and Accounts and Notice of AGM
June 01, 2012 - Xcite Energy Resources Limited Additional Listing and Total Voting Rights
June 01, 2012 - Rialto Energy Ltd Rialto to proceed with Gazelle-P3 Sidetrack
June 01, 2012 - Victoria Oil & Gas Completion of Pipeline, Equity Placing 
June 01, 2012 - Association of Oil and Gas... Resource Report
June 01, 2012 - Matra Petroleum Director resignation effective 
June 01, 2012 - TomCo Energy Board Announcement 
June 01, 2012 - Lansdowne Oil & Gas Grant of Share Options
June 01, 2012 - Coastal Energy Co Update of Normal Course Issuer Bid
June 01, 2012 - Procyon Oil & Gas Limited Director Dealing 
June 01, 2012 - Nostra Terra Oil & Gas Company PLC Posting of Report & Accounts and Notice of...
June 01, 2012 - San Leon Energy Total Voting Rights
June 01, 2012 - Norwest Energy NL Project Update 

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