Oilbarrel Newsletter 24th January 2013

Oilbarrel Weekly Roundup 17th - 24th January 2013 Weekly Review Another year and another set of Oilbarrel.com conferences. Our first of 2013 is on February 7 and is at The Brewery on Chiswell Street in the City of London. We have settled back well here where we started our gatherings in 2004. Many attendees have commentated favourably on our move back to this venue. They like to be in a “state of the art” conference centre with the flexibility given by having a choice of various sized rooms available. Also, I suspect it is because you get rather a better coffee break and definitely a better lunch at The Brewery than you did at the Merchant Taylors Hall where we held our events for a couple of years. On February 7 we have a strong and varied card to begin our 2013 programme. Tethys Petroleum is listed on Canada’s TSX and also on the main market of the LSE and is a first time presenter at Oilbarrel. It has operations in Kazakhstan, Tajikistan and Uzbekistan. It recently signed a key farm-out deal with Total and China’s CNODC for its Bokhtar PSC in Tajikistan. Still in this part of the world Australian junior Jupiter Energy is focused on Kazakhstan, where it expects to deliver production of 1,400 bopd from its 100 per cent held Block 31 in Q1 2013. The company is quoted on the ASX and AIM. From what you might call another frontier area we have Petro Matad. The company, which has presented at Oilbarre l before ,holds large tracts of under-explored Mongolia, where it is undertaking Greenfield exploration work. Following a series of management changes, the company is acquiring new seismic to mature prospects for drilling in 2014. Closer to home Lansdowne Oil & Gas is focused on the Celtic Sea offshore Ireland. The AIM-listed company has a 20 per cent interest in Providence’s break through Barryroe oilfield and has rights, through its wholly owned subsidiaries, to four other Standard Exploration licences and one Licensing Option in the Irish offshore. Closer to home still, Canada’s Antrim Energy, which is listed on AIM and the TSX, is focused on the UK North Sea, where it has a rising production profile and a portfolio of appraisal and development projects. 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) Presenting Companies Include: Jupiter Energy Tethys Petroleum Antrim Energy Petro Matad Lansdowne Oil & Gas Click Here to Register or contact support@oilbarrel.com Master Investor 2013 - Register now!! Master Investor, now in its eleventh year, is the UK’s leading investment show and is to be held on Saturday April 27th at the superb Business Design Centre in London. This year’s show builds on the success of previous years but boasts some big changes aimed at offering a wider focus with bigger opportunities. The show features a new "Rising Stars" stage hosted by Richard Reed that will be dedicated to highlighting and supporting innovative, unquoted companies that are often more difficult for the private investor to access. The line-up of guest speakers is the strongest yet with names such as Jim Mellon, Merryn Somerset Webb, Tim Price and James Ferguson already confirmed.  Tickets are priced at just £5 for a limited time only (normal price £20) and are selling fast. To find out more information and to book your ticket please register here! Latest News News: January 24, 2013 Petroceltic International Holds Firm As Hostage Crisis Overshadows Algerian Efforts To Win International Investment All those following the oil sector will have watched the recent events in Algeria with horror.  Although information has been slow to filter out from a confused situation deep in the Sahara, at the time of writing it was known that one Algerian and 37 foreign workers had been killed after al-Qaida-inspired militants stormed two buses transporting workers from the housing compound of the Tigantourine gas plant, leading to a four-day siege at the In Amenas facility, with the workers held hostage.  Militant leader Mokhtar Belmokhtar claimed to have led the attack, which was ended after the bloody intervention of Algerian troops. Full story... News: January 24, 2013 Ithaca Energy Posts A Strong Production Update For Q4-2012 Canada’s Ithaca Energy had a roller coaster ride in 2012 with its shares rising to 212p on the news of third party interest early in the year before plunging to 90p in May when the TSX and AIM listed company ceased discussions with potential suitors. The share price recovered somewhat in the New Year and now stands at 122.25p Full story... News: January 23, 2013 Norwest Energy Resumes Operations At Its Breakthrough Arrowsmith-2 Unconventional Well In North Perth Basin Norwest Energy, the ASX oil junior, has resumed operations at its Arrowsmith-2 shale gas well in the North Perth Basin of Western Australia. This is a key well for Norwest, which has pinned its fortunes on being an early mover in the country's fledgling shale gas industry. Norwest has a 27 per cent operator interest in the EP413 permit, where it drilled the breakthrough Arrowsmith-2 appraisal well in 2011. Full story... News: January 23, 2013 Reasons To Be Cheerful At Niko Resources Despite Ajek-1 Indonesia Disappointment There are mixed feelings at Canadian indie Niko Resources this week after it discovered oil and gas in Indonesia, but not enough of it.It follows a number of other disappointing Indonesian wells in recent times which have cost a lot of money but delivered very little in return.But that has not deterred a management team with an appetite for adventure, and underpinned by a modest flow of production. Full story... News: January 22, 2013 Northcote Energy Makes Its AIM Debut To Advance Its Work Programme In The Rejuvenated Mississippi Lime Play These may be tricky times for small cap oil and gas companies but just three weeks iinto the New Year and another newcomer has debuted on AIM.  Northcote Energy has raised £1 million through an oversubscribed placing to help develop its onshore oil and gas business in the US.  The micro-cap, valued at £8.6 million, is targeting the Mississippi Lime formation in Oklahoma, the stomping ground of another AIM small cap Magnolia Petroleum, which enjoyed a stellar run last year. Full story... News: January 22, 2013 Afren On Track For Record Revenues As It Continues To Pile On The Barrels In Nigeria Ahead of its full year results at the end of March, London-listed Afren has issued a positive update on its operations in Africa and the Middle East. Two thousand and twelve marked something of a gear change for the company, which in recent years has based its growth on the appraisal and development of fallow licences in Nigeria, which remains its powerbase. But last year the FTSE250 company began to pick up the pace on the exploration front, and has some significant successes under its belt Full story... News: January 21, 2013 Shares In TXO Are Heavily Traded And Go Up A Bit As Investors Warm To The Company’s Recycling Project In The Bahamas Shares in TXO rose 2.2 per cent last Friday to 0.235p in heavy trading which saw a fifth of the AIM listed company change hands. Since shedding its stripper wells operations in Texas in 2011, TXO has reinvented itself as an energy investment business with an oil recycling opportunity in The Bahamas, an investment in producing wells in Kentucky and a frontier exploration venture in Tasmania Full story... Features: January 21, 2013 North Sea Investment And Activity Levels Are Buoyant But Last Year's Poor Exploration Performance Could Signal Future Slowdown After the fiscal shocks of the past decade, there is evidence that investor confidence is returning to the North Sea, with high levels of capital investment and M&A activity in 2012. But the increased spend has not yet been reflected in production numbers or exploration performance, both of which were pretty dismal last year Full story... Market Overview: January 18, 2013 Oil Prices Stay Buoyant But Concerns About The Fragility Of Global Econonic Recovery Remain  Investors as well as energy producers and consumers are cautiously watching the health of the global economy in 2013. End of year figures will soon be examined and already stronger data from China is encouraging the market. In early trading on Friday, Brent crude was priced above US$110 with WTI around US$95.50 a barrel. Full story... News: January 17, 2013 Roxi Petroleum Rallies As It Secures Backing From Kazakh Entrepreneur And Eyes March Spud Of Its First Deep Well Having ended 2012 on something of a sour note after the termination of another farm-out on its BNG block in Kazakhstan, Roxi Petroleum has started 2013 with news of an unexpected but very sweet injection of capital. When its Korean partner KNOC walked away in November, Roxi's drilling ambitions came to a halt as the AIM-quoted company lacked the cash to proceed alone. Full story... News: January 17, 2013 TransGlobe Energy Still Full of Promise Despite South Mariut Setback In Egypt It has been a good few years now since we last looked at Calgary-based TransGlobe Energy Corporation.The Canadian independent, which is traded on the Toronto Stock Exchange, is focused on the Middle East and North Africa (MENA) region with operations in two currently strife-torn countries, Egypt and Yemen Full story... News: January 16, 2013 Tower Resources Gets Licence Approvals For Drilling Offshore Namibia Tower Resources is a small cap company with big ideas. It could, like a of oil and gas juniors have chosen the path of buying some production to keep the lights on, get into development projects to spread risk and then go for a possible company making exploration project. Full story... Press releases January 24, 2013 - Zeta Petroleum Plc Targeting Increase in Gas Production on... January 24, 2013 - Gold Oil Plc Restoration - Gold Oil Plc  January 24, 2013 - Mediterranean Oil & Gas Grant of Options January 24, 2013 - Range Resources Trinidad Update January 24, 2013 - Amerisur Resources Colombia Update January 24, 2013 - Antares Energy Operational Report January 24, 2013 - Austin Exploration Pathfinder C11-12 No.1 HZ well flows... January 24, 2013 - Providence Resources NEW DATA CONFIRM SIGNIFICANT OIL POTENTIAL... January 24, 2013 - Sound Oil PLC Existing Placement & Open Offer January 23, 2013 - Simba Energy Inc Simba Energy's Regional Office Opening, Kenya January 23, 2013 - TXO Plc Update on Tasmania Oil & Gas JV  January 23, 2013 - Antrim Energy Inc. Antrim Announces US$30 Million Payment... January 23, 2013 - Caza Oil & Gas, Inc Operational Update  January 23, 2013 - Sefton Resources Non-Executive Appointment and California... January 23, 2013 - EnQuest Plc EnQuest acquires 8% of the Alba oil field January 23, 2013 - Jubilant Energy Manipur Resources Update January 23, 2013 - Rockhopper Exploration Board Change  January 23, 2013 - Argos Resources Ltd Director/PDMR Shareholding January 22, 2013 - Desire Petroleum plc Publication of Investor Presentation January 22, 2013 - Trap Oil Group plc Farm-in Agreement January 22, 2013 - Tullow Oil plc Completion of Spring Energy acquisition January 22, 2013 - New World Oil & Gas Drilling Update, Belize January 22, 2013 - Sound Oil PLC Nervesa Consent  January 22, 2013 - Egdon Resources Mairy Permit Update: January 22, 2013 - New World Oil & Gas Danica Resources Project Competent... January 22, 2013 - Exillon Energy plc Appointment of Investec as Joint Broker January 22, 2013 - New World Oil & Gas Issue of Equity January 22, 2013 - Aminex Plc Board Change January 22, 2013 - Texon Petroleum Ltd Release of Scheme Documents January 22, 2013 - Cairn Energy Pre-Close Update January 22, 2013 - Neon Energy Ltd Vietnam Exploration Update January 21, 2013 - Neon Energy Ltd Neon Confirms Potential for Unconventional... January 21, 2013 - Desire Petroleum Change of Auditor  January 21, 2013 - Global Energy Development Notification of Major Interest in Shares  January 21, 2013 - Serica Energy plc Operations Update and Forward Programme  January 21, 2013 - Afren Plc Notification of Major Interest in Shares  January 21, 2013 - Austin Exploration Oil and gas flowing naturally to surface... January 21, 2013 - Dart Energy PEDL133, Scotland - Successful Production... January 21, 2013 - Antrim Energy Inc. Miscellaneous high priority announcements January 18, 2013 - Genel Energy Trading and Operational Update  January 18, 2013 - TXO Plc UPDATE ON GRAND BAHAMA GROUP LIMITED... January 18, 2013 - Leed Resources Board Change January 18, 2013 - Leed Resources Result of AGM January 18, 2013 - Oilex Ltd Issue of Equity  January 18, 2013 - AWE Limted NWE - Arrowsmith-2 Operations Recommence January 18, 2013 - Norwest Energy NL Arrowsmith-2 operations recommence January 18, 2013 - Texon Petroleum Ltd Texon's Seventh Eagle Ford Well - 1705 boepd January 17, 2013 - Karoon Gas Brazil Santos Progress Report No 2 January 17, 2013 - Magnolia Petroleum Update on Prucha 1-23MH well  January 17, 2013 - Gulfsands Petroleum Plc Completion of Morocco Acquisition  January 17, 2013 - Lansdowne Oil & Gas Operational Update  January 17, 2013 - Quadrise Fuels International Update on Marine MSAR2  January 17, 2013 - Aminex Plc FINANCING AGREEMENT January 17, 2013 - Egdon Resources Holding(s) in Company  January 17, 2013 - Exillon Energy Notification of Major Interest in Shares Don't forget to visit our other website

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