Oilbarrel Newsletter 5th September 2012

Oilbarrel Weekly Roundup 30th August - 5th September 2012 54th Oilbarrel Conference Thursday 13th September 2012 Sponsored By: Thursday 13th September 2012 Merchant Taylors Hall 30 Threadneedle Street London, EC2R 8JB Presenting Companies Include: Solo Oil Roxi Petroleum Simba Energy Petroceltic International Click Here to Register or contact support@oilbarrel.com Tanzania Mining, Energy/Oil & Gas and Infrastructure Indaba Tanzania Mining, Energy/Oil & Gas and Infrastructure Indaba Tanzania Mining, Energy/Oil & Gas and Infrastructure Indaba 2012 ("TMEOGII 2012") will take place on 24-26 October 2012 at Arusha International Conference Centre, Arusha, Tanzania and it is with great pleasure that we invite your company to benefit from this prestigious event and outstanding program by attending and/or taking up sponsorship/exhibition. For delegate, Sponsorship and Exhibitor Registration please contact: Tinashe Tafira Email: admin@tanzaniaindaba.com or tanzaniaindaba@gmail.com Latest News News: September 05, 2012 Norwest Energy Reports Promising Signs From The Fifth And Final Stage Of The Arrowsmith-2 Shale Well ASX listed Norwest Energy is one of half a dozen Australian companies in the forefront of a drive to develop a shale gas industry in that vast country.  It now looks like it could have stolen a march on its rivals with the statement that it has had very promising signs from the fifth and final stage frac of the Arrowsmith-2 well with both oil and gas to surface at the start of flow back of the Kockatea Shale interval – 2639-2681 metres. Full story... News: September 05, 2012 Investor Hope That Hurricane Will Blow Away Ithaca’s Troubles At Athena Summer drilling has yielded good results for Canada’s Ithaca Energy.  The Calgary E&P, which is listed on the TSX and AIM, announced this week that its Hurricane appraisal well had flowed 24 million cubic feet per day of gas with 1,200 barrels per day of condensate, making this a real candidate for development as part of Ithaca’s Greater Stella Area production hub in the Central North Sea. Full story... News: September 04, 2012 Paloma-3 Yields More Shallow Gas For Neon Energy But It’s The Liquids That Count In This California Discovery Testing is still underway at Neon Energy’s Paloma discovery in California but it already looks like the ASX-quoted company has bagged itself a commercial find.  Unlike Neon’s other fields in California, where it pumps around 400 barrels per day of heavy oil in the Salinas Basin, Paloma is a gas, condensate and light oil discovery in the San Joaquin Basin. Full story... News: September 04, 2012 Interim Results From Aminex Reaffirm The Tanzanian Assets Are Really Staring to Work for The Company Full story... News: September 03, 2012 Hardy Oil & Gas Slides Deeper Into The Red As PY-3 Remains Suspended Losses widened at Hardy Oil & Gas over the first six months of the year as production remained suspended at its sole producing asset in India.  Over the first half of 2011, the shallow-water PY-3 field generated revenues of US$7.4 million; without this production, losses for the six month period grew from US$1.1 million in H1 2011 to US$7.2 million in H1 2012 Full story... News: September 03, 2012 Cadogan Petroleum Told To "Stop Talking And Start Delivering" On Its Ukraine Assets It’s time to stop talking and start delivering”, was one London broker’s comment on LSE listed Cadogan Petroleum’s interim results for the six months to June 30 2012. It could have been referring to Italian oil major ENI’s joining the hunt for shale gas in Ukraine through its involvement with Cadogan. But the broker was talking about an earlier association. Full story... Market Overview: August 31, 2012 Oil Markets Hoping For A Boost To Confidence From A New Round Of Monetary Easing From US Government The state of the global economy, economic data from the Eurozone and hopes of another round of quantitative easing in the US have been guiding investors this week. In early trading on Friday, Brent crude as priced close to US$113 with WTI still above US$94 a barrel.   Full story... News: August 30, 2012 After Two Dusters In Puntland in Somalia The Focus of Activity Shifts to Trinidad For Range Resources Just over year ago Range Resources, which is quoted on the ASX and London’s AIM had the kind of profile mid-tier and small cap investors usually feel comfortable with. There is some production in Texas in the US, to keep the lights on. There was the prospect of what is known as near production in Trinidad. There was some medium risk exploration in Georgia. This all implied a decent spreading of risk. But on top of this was some high cost but potentially high -impact exploration acreage in Puntland a semi- autonomous region of Somalia. This added an edge of excitement to the portfolio since it could entail punters moving into jackpot territory. Full story... Press releases September 05, 2012 - Sino Gas & Energy Linxing Work Program Update September 05, 2012 - Magnolia Petroleum Issue of Equity and Amendment to EFF September 05, 2012 - Tangiers Petroleum Ltd Issue of Equity September 05, 2012 - Dragon Oil Transaction in Own Shares September 05, 2012 - Serica Energy plc Board Appointment September 05, 2012 - Rialto Energy Ltd Investor Presentation - Good Oil Conference September 05, 2012 - Providence Resources Barryroe Oil Field - Additional Oil in... September 05, 2012 - Green Dragon Gas Half Yearly Report September 04, 2012 - Renewable Energy UK Wave and tidal funding moves marine... September 04, 2012 - Renewable Energy UK Face the facts, wind makes sense - IPPR... September 04, 2012 - Hawkly Oil & Gas Limited Sorochynska-202 Drilling Update 4 Sept September 04, 2012 - Dragon Oil Transaction in Own Shares September 04, 2012 - Circle Oil plc 2012 Interim Results September 04, 2012 - Leni Gas & Oil Plc Legal dispute September 04, 2012 - Amerisur Resources Platanillo-5 update September 04, 2012 - Ithaca Energy Inc Hurricane Appraisal Well-Successful Test... September 04, 2012 - Tangiers Petroleum Ltd Placement to raise £641,200 September 04, 2012 - Petrel Energy Managing Director Appointment September 04, 2012 - Helius Energy TR-1: NOTIFICATION OF MAJOR INTEREST IN... September 04, 2012 - Roxi Petroleum Plc Operational update September 04, 2012 - Enegi Oil Clare Basin Update September 03, 2012 - Greka Drilling Half Yearly Report September 03, 2012 - Alkane Energy Plc £1.6m Biogas Contract September 03, 2012 - The TEG Group Re: Contract Award September 03, 2012 - Dragon oil Transaction in Own Shares September 03, 2012 - Lochard Energy Commencement of Company Formal Sale Process September 03, 2012 - Max Petroleum Drilling Update September 03, 2012 - Gasol Plc Gasol agrees joint venture with Benin's... September 03, 2012 - Exillon Energy August Production Report September 03, 2012 - Ophir Energy East Africa Operations Update September 03, 2012 - Bowleven Plc Blocklisting Interim Review September 03, 2012 - Leni Gas & Oil Plc Legal dispute September 03, 2012 - Leni Gas & Oil Plc Spanish Divestment, Update September 03, 2012 - Tangiers Petroleum Ltd Issue of Equity September 03, 2012 - AWE Limited Perth Basin update September 03, 2012 - Norwest Energy NL Oil and gas to surface from Kockatea Shale September 03, 2012 - Oilex Ltd Closure of Entitlement Offer & Shortfall... August 31, 2012 - AWE Limited AWE's Perth Basin update August 31, 2012 - Global Energy Development Extension of note payable August 31, 2012 - Green Dragon Gas Operational update/Interim results date August 31, 2012 - Tower Resources plc Total Voting Rights August 31, 2012 - Dragon Oil Transaction in Own Shares August 31, 2012 - Aminex Plc Half Yearly Report August 31, 2012 - SacOil Notice of Annual General Meeting August 31, 2012 - Heritage Oil EGM Results August 31, 2012 - San Leon Energy Total Voting Rights August 31, 2012 - Cadogan Petroleum Plc Half Yearly Report August 31, 2012 - Neon Energy Ltd Preliminary Final Report Don't forget to visit our other website

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