Oilbarrel Newsletter 28th November 2012

Oilbarrel Weekly Roundup 21st - 28th November 2012 56th Oilbarrel Conference Tuesday 11th December 2012 Sponsored By: Tuesday 11th December 2012 ***NEW VENUE*** The Brewery Chiswell Street London EC1Y 4SD (Nearest stations are Moorgate and Liverpool Street) Presenting Companies Include: Providence Resources Green Power Energy Fastnet Oil & Gas Click Here to Register or contact support@oilbarrel.com Latest News News: November 28, 2012 Roxi Petroleum Looses Second Farm-In Partner Ahead Of Key Deep Well In Kazakhstan Roxi Petroleum can’t seem to catch a break when it comes to retaining farm-in partners for its BNG licence area in Kazakhstan.  Last year the company was dealt a heavy blow when its former farm-in partner Canamens pulled out, leaving it scrabbling for funds.  Come June 2012, however, and the company landed a new partner, and a well-funded and credible operator at that, the Korean National Oil Co.  KNOC agreed to spend US$25 million on the under-worked acreage, plus a US$5 million payment to Roxi, to earn a 35 per cent interest plus operatorship.  But almost six months on and KNOC too has decided to walk-away from BNG just ahead of drilling a deep well on the acreage. Shares in Roxi slipped five per cent in morning trading on the news. Full story... News: November 27, 2012 Coastal Energy Rebuffs Pertamina Approach As It Prepares To Step Up Drilling Rate Offshore Thailand Shares in Coastal Energy, which is listed on AIM and the TSX, continue to hover near 52-week highs even after Indonesian state oil company Pertamina distanced itself from takeover talks.  M&A speculation is rife throughout the industry so even though Pertamina wasn't prepared to pay at a level that satisfied the Coastal Board, investors clearly feel other companies, hungry for the kind of production and cash flows now being thrown off by Houston-based Coastal, will be running a slide rule over its assets. Full story... News: November 27, 2012 Mart Resources Still Digging Deep At Nigeria’s Producing Umusadege Oil Field It has been four years now since we last covered Mart Resources, a company listed on the Toronto Venture Exchange.The Canadian independent has taken a bit of a step back from the limelight in the intervening years but is still very much engaged in its old stomping ground, Nigeria. Full story... Features: November 26, 2012 Osborne Wins Role For Gas In UK Energy Policy Row As Long Overdue Energy Bill Is Introduced To Unlock Essential Infrastructure Investment Coalition Governments often create a policy fudge as the member parties horse trade prized policies and commitments.  Recent weeks have seen the uneasy truce between the Conservatives and Liberal Democrats stretched to the limit as the two parties battled over energy policy.  At the end of last week, an agreement of sorts was finally reached so the long-awaited Energy Bill, essential to unlock much-needed investment to renew creaking infrastructure and keep the lights on, can be introduced. Full story... News: November 25, 2012 Antrim Energy Says First Oil From Its Causeway Field Is Imminent As The TSX And AIM-Listed Junior Focuses On The UK North Sea As Its Core Area The first thing Stephen Greer, the President & CEO of TSX and AIM- listed explorer and producer Antrim Energy, said to Oilbarrel.com when we met him in London recently was: “We are focused strongly now on the UK North Sea as our core business.” Time was, of course, that Argentina seemed to grab of all the company’s attention and one of the company’s prospective assets in the North Sea, the Causeway Field appeared to be a well kept secret. Full story... Market Overview: November 23, 2012 The Tension In The Middle East Causes Volatility In Oil Markets The escalation of the war in the Middle East had traders nervous early in the week, but after eight days of fighting calm returned to close the week when Egypt brokered a ceasefire on Wednesday. Oil prices fell on the news and in early trading on Friday Brent crude was prices around US$110 with WTI just above US$87 a barrel. Full story... News: November 22, 2012 Greenfields Petroleum Continues Building Up Azerbaijan Oil & Gas Production Base This is the first time we have covered Greenfields Petroleum Corp., a small North American junior, active in Azerbaijan. Based in Houston, the company is actually listed on Canada’s TSX-Venture exchange, with a market capitalisation of about US$81 million, and totally debt free. But it has not been overlooked by local analysts who see it’s growth potential. Full story... Features: November 22, 2012 Poweralternatives:Oxford Catalysts Signs Partnership Agreement With Ventech To Accelerate Technology Roll-Out In North America Fifteen years after developing its breakthrough modular gas-to-liquids technology and AIM-quoted Oxford Catalysts Group has signed a landmark deal that looks set to see its technology roll out across North America.  A strategic partnership has been forged with Texan engineering group Ventech, which designs and builds modular refineries, with Oxford Catalysts being Ventech’s preferred supplier of Fischer-Tropsch technology in North America. Full story... Press releases November 28, 2012 - Kea Petroleum Drilling of Puka 2 Commenced Yesterday  November 28, 2012 - Nighthawk Energy plc Holding(s) in Company  November 28, 2012 - Wentworth Resources Wentworth Resources Limited to Present at... November 28, 2012 - Tangiers Petroleum Ltd Issue of Options November 28, 2012 - PA Resources UK Limited Letter to convertible bondholders and... November 28, 2012 - Petroceltic International Appointment of Joint Corporate Broker November 27, 2012 - San Leon Energy Completion of Acquisition of Gas Acreage... November 27, 2012 - Nostra Terra Oil & Gas Company PLC Chisholm Trail Well Exceeds Expectations  November 27, 2012 - Falkland Oil and Gas Limited Scotia (FI31/12-01) Well Results  November 27, 2012 - Maple Energy Director Shareholding November 27, 2012 - Wentworth Resources Wentworth Resources Limited to Present at... November 27, 2012 - Geopark Holdings Ltd Director/PDMR Shareholding November 27, 2012 - Tangiers Petroleum Ltd Queensland Block Relinquished to Focus on... November 26, 2012 - PA Resources UK Limited PA Resources announces German licence farmout November 26, 2012 - Gulfsands Petroleum Plc Appointment of Non-executive Director November 26, 2012 - Caza Oil & Gas, Inc Loan and Standby Equity Distribution... November 26, 2012 - Caza Oil & Gas, Inc New Website November 26, 2012 - Infrastrata Exploration Update November 26, 2012 - Maple Energy BLOCK LISTING SIX MONTHLY RETURN November 26, 2012 - Infrastrata Final results for the year ended 31 July... November 26, 2012 - Tullow Oil plc Twiga South-1 Oil Discovery November 26, 2012 - Bowleven Plc EEAA submitted  November 26, 2012 - President Energy Award of Options November 23, 2012 - Rialto Energy Ltd Appointment of Interim CEO  November 23, 2012 - Petroneft Resources Plc Operations Update November 23, 2012 - Rialto Energy Ltd Results of 2012 Annual General Meeting November 23, 2012 - Geopark Holdings Ltd Director/PDMR Shareholding November 23, 2012 - Gulfsands Petroleum Plc Tunisia Acquisitions November 23, 2012 - RenewableUK RenewableUK hails rock solid Government... November 23, 2012 - Beach Energy Cooper Basin resurgence continues November 22, 2012 - Antrim Energy Inc. Antrim Announces Development Approval of... November 22, 2012 - Bridge Energy ASA Q3 Results for the 3 months ended 30... November 22, 2012 - Solo Oil Farm-out Update, Ruvuma Basin, Tanzania  November 22, 2012 - Bridge Energy ASA Preliminary drilling results from the... November 22, 2012 - Mercom Oil Sands Update re Nordic  November 22, 2012 - Leni Gas & Oil Plc Moruga North Farm-in, Trinidad  November 22, 2012 - Antrim Energy Inc. Antrim Announces Commencement of Drilling... November 22, 2012 - Wentworth Resources Q3 2012 Financial Statements and MD&A November 22, 2012 - Empyrean Energy Further re Appointment of PR November 22, 2012 - Tangiers Petroleum Ltd Issue of Equity November 22, 2012 - Norwest Energy NL Bharat Petroleum keen to progress... November 21, 2012 - Department of Energy and... UK CONFIRMS POSITION AS LEADER IN CARBON... November 21, 2012 - Genel Energy Morocco Petroleum Agreement  November 21, 2012 - Argos Resources Ltd Holding(s) in Company November 21, 2012 - Sound Oil PLC Presentation  November 21, 2012 - Max Petroleum Holding(s) in Company November 21, 2012 - Petro Matad Limited Holding(s) in Company  Don't forget to visit our other website

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