Oilbarrel Newsletter 20th December 2012

Oilbarrel Weekly Roundup 12th - 20th December 2012 57th Oilbarrel Conference Thursday 7th February 2013 Sponsored By: Thursday 7th February 2013 ***NEW VENUE*** The Brewery Chiswell Street London EC1Y 4SD (Nearest stations are Moorgate, Barbican and Liverpool Street) SAVE THE DATE Click Here to Register or contact support@oilbarrel.com Latest News News: December 20, 2012 PetroNeft Resources Has Fourth Successful Production Well On Its Arbuzovskoye Field In Siberia Three weeks after AIM-listed PetroNeft Resources announced a third successful well on its Arbuzovskoye field in Siberia, it has said that the Arbuzovskoye well 111 has completed and been put into production; thus giving it fourth consecutive triumph. The initial flow rate is 150 bopd. No water production was associated with the well. Full story... News: December 19, 2012 TXO Sees Potential For New Year Revenues From Its Waste Oil Collection And Recycling Project In The Bahamas Since shedding its stripper well operations in 2011, AIM-quoted TXO plc has reinvented itself as an energy investment business with interests in producing wells in Kentucky, an oil recycling opportunity in The Bahamas and a frontier exploration venture in Tasmania. Although you wouldn't know it from the ailing share price, there final months of 2012 are yielding some forward momentum on these projects Full story... News: December 19, 2012 Sound Oil Divests Its Last Indonesia Asset And Plans To Invest The Proceeds In Its Italian Acreage AIM-listed Sound Oil has been in the doldrums for some 20 months now with its Indonesia assets beset with problems and its Italian ones moving at the pace of an elderly snail towards first production. Full story... News: December 18, 2012 Afren Conducts First Ever 3D Seismic In The Seychelles Other than luxury travel spreads, the Seychelles don't feature much in the headlines. That may change if London-listed Afren gets it way.  The Africa-focused E&P has started a major 3D seismic shoot, the first in the country, as it gears up to drill a maiden well in these pristine waters in 2013. Full story... News: December 18, 2012 AIM Newcomer Edge Resources Sees Plenty Of Profit In North American Heavy Oil Companies grumbling about access to capital in London might do well to consider the plight of their peers in the Canadian oil patch.  “The North American market is absolutely dry,” says Brad Nichol, CEO of Calgary-headquartered Edge Resources.  “There is no money being raised at all for junior oil and gas companies.” Full story... News: December 17, 2012 New World Oil & Gas Increasingly Confident About Commercial Potential Of Its First Belize Well AIM- listed New World Oil & Gas, which is a junior E & P operating company with three highly prospective projects in Belize and Denmark, has a lot of news flow just now. Since most of it is positive stuff, why not put it out? Certainly the flurry of press releases has done the share price no harm. Full story... News: December 17, 2012 UK Gives Cautious Green-light To Shale Gas As Cuadrilla Resources Gets Permission To Resume Fracking In Lancashire  As the “Beast from the East” sent the mercury plunging across the UK last week, householders were counting the cost of staying warm. It was perhaps then an apposite time for Energy & Climate Change Secretary Ed Davey to give the cautious green-light to resume fracking for shale gas in the UK, a move that shale backers say is the best way of lowering household heating bills and kickstarting our moribund economy Full story... Market Overview: December 14, 2012 OPEC Chief Says Lack Of Clear Vision On Global Economy Means Continuing Uncertainty in Oil Markets The state of the global economy continues to be the main factor impacting the oil market. This week saw positive data form China with growth in the manufacturing sector this month. In early trading on Friday, Brent crude rose above US$108 with WTI trailing behind around US$85 a barrel. Full story... Features: December 13, 2012 Second conference report: Fastnet Oil & Gas Returns To Unfinished Business In Ireland While Providence Resources, Flush With Success At Barryroe, Has Three Big Wells On The Books For 2013 The second half of Oilbarrel.com's December conference had a decidedly Irish theme.  Fastnet Oil & Gas, which has got off to a racing start since its June 2012 IPO, was the first to present. For MD Paul Griffiths and Fastnet advisor John Craven, formerly of Petroceltic and Cove Energy fame, the return to Ireland is a matter of unfinished business.  The pair explored here three decades ago when they worked for Atlantic Resources, finding the still undeveloped Helvick oilfield which flowed 10,000 barrels per day. Full story... Features: December 12, 2012 Conference report 1: Norwest Energy Hails A Golden Age Of Gas As Greenpower Energy Hopes To Prove Up An Emissions-Free Coal-To-Liquids Solution With just two weeks to go until Christmas Day, there was a festive feel to oilbarrel.com's December conference. This was helped by the fact that the venue, The Brewery on Chiswell Street, was midway through its seasonal Fairytale of New York makeover, complete with skyscrapers and a yellow cab parked in the courtyard.  This provided an interesting backdrop for the oil and gas executives, investors, financiers and lawyers who attended our 56th conference. Full story... Press releases December 20, 2012 - Plexus Group Total Joins Plexus' Subsea Wellhead Project December 20, 2012 - Tangiers Petroleum Ltd Letter to Shareholders December 20, 2012 - Tangiers Petroleum Ltd Notification of Cancellation of Shares December 20, 2012 - Xcite Energy Resources Limited Appointment of Adviser December 20, 2012 - Circle Oil Working Capital Facility December 20, 2012 - Sound Oil PLC Operations Update December 20, 2012 - IGas Plc Half Yearly Report December 20, 2012 - Gasol plc Strategic Alliance with Socar Trading S.A December 20, 2012 - Chariot Oil and Gas Ltd Board Changes December 20, 2012 - Petro Matad Limited Board Changes December 20, 2012 - IGas Plc Directorate Change December 20, 2012 - Providence Resources Providence Resources plc : End of Year... December 20, 2012 - Petro Matad Limited Operations Update December 20, 2012 - Bridge Energy ASA Bridge Energy ASA: Victoria Field Shut-in December 20, 2012 - Oilex Ltd Appendix 3B December 20, 2012 - Eland Oil & Gas Plc Holding(s) in Company December 20, 2012 - Bowleven Plc Holdings in company December 19, 2012 - Edge Resources Inc $1 million Canadian-Focused Private Placement December 19, 2012 - Salamander Energy PLC New borrowing facilities  December 19, 2012 - Nexus Energy Nexus Exercises Crux Put Option for $75... December 19, 2012 - Gulfsands Petroleum Plc Morocco Acquisition  December 19, 2012 - Eland Oil & Gas Plc Board Appointments and Director's... December 19, 2012 - Resaca Exploitation Inc Corporate Update December 18, 2012 - Madagascar Oil Proposed Financing Transaction  December 18, 2012 - Sound Oil PLC Posting of Circular  December 18, 2012 - Victoria Oil & Gas Plc Second Price Monitoring Extn December 18, 2012 - Cadogan Petroleum Plc Price Monitoring Extension  December 18, 2012 - Emperor Oil Block 7 Reserves Estimated at 94.7 Million... December 18, 2012 - Rialto Energy Ltd Appointment of Investec as Nomad and Joint... December 18, 2012 - Petroneft Resources Plc Operations Update December 18, 2012 - Max Petroleum Interim Results December 18, 2012 - TXO Plc Update on Grand Bahama Group Investment  December 18, 2012 - Fastnet Oil & Gas Interim Results December 18, 2012 - Sefton Resources Update on a Director's Interests  December 18, 2012 - Geopark Holdings Ltd Expansion of strategic partnership into... December 18, 2012 - Range Resources Company Update December 18, 2012 - The Parkmead Group Issue of Equity  December 18, 2012 - Norwest Energy NL Sydney Brokers Presentation December 17, 2012 - Northern Petroleum Plc Director’s Shareholdings  December 17, 2012 - Magnolia Petroleum Drilling Update December 17, 2012 - Lochard Energy Expiry of Unlisted Options  December 17, 2012 - Max Petroleum Drilling Update  December 17, 2012 - Xtract Energy Plc Julia Creek Oil Shale Project Update  December 17, 2012 - President Energy Competent Persons Report for Pirity &... December 17, 2012 - Sound Oil PLC Director/PDMR Shareholding December 17, 2012 - PA Resources UK Limited PA Resources extends the acceptance period... December 14, 2012 - Northern Petroleum Plc Directors' Shareholding December 14, 2012 - Rockhopper Exploration Half Yearly Report  December 14, 2012 - Geopark Holdings Ltd Tua oil field development  December 14, 2012 - Amerisur Resources Appointment of Investec as Joint Broker December 14, 2012 - Empyrean Energy Independent Reserves Report  December 14, 2012 - Bridge Energy ASA Award of share options under the Company's... December 14, 2012 - PA Resources UK Limited PA Resources reminds about the offer to... December 13, 2012 - Rialto Energy Ltd Rialto Enters into Ghana Exploration Block December 13, 2012 - Heritage Oil Plc Results of Extraordinary General Meeting  December 13, 2012 - Wessex Exploration Director/PDMR Shareholding December 13, 2012 - Caza Oil & Gas, Inc Director/PDMR Shareholding December 13, 2012 - Cairn Energy Interests of Director in the Company's Shares December 13, 2012 - 3Legs Resources Appointment of Joint Broker December 13, 2012 - BG Group Chris Finalyson appointed Chief Executive... December 13, 2012 - Empyrean Energy Sugarloaf Production Update December 13, 2012 - Enegi Oil Entry into Dead Sea / WadiAraba Block, Jordan December 12, 2012 - Tamboran Resources Tamboran secures Australasian energy... December 12, 2012 - Bowleven Plc Result of AGM  December 12, 2012 - Sound Oil PLC Sale of Sub, Bd Change, Share... December 12, 2012 - Afren Plc Significant new Seychelles 3D seismic... December 12, 2012 - Ophir Energy Tanzania Block 1 Operations Update  December 12, 2012 - Fastnet Oil & Gas Admission of new shares and total voting... December 12, 2012 - Matra Petroleum Appointment of Non-Executive Director  December 12, 2012 - Falkland Oil and Gas Limited 3D Seismic Survey Commences December 12, 2012 - Fastnet Oil & Gas Enterprise Securities Market Notice  December 12, 2012 - Salamander Energy Increased Equity Interest in Bangkanai PSC  December 12, 2012 - Dong Energy DONG Energy advances its involvement in... December 12, 2012 - Altona Energy Update on PRC Coal Exploration Licences Don't forget to visit our other website

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