Oilbarrel Newsletter 13th March 2013

Oilbarrel Weekly Roundup 7th - 13th March 2013 Weekly Review March 13, 2013 Conference Report 1: Kea Petroleum Finds Life Sweeter After Its First Commercial Oil Strike While Oilbarrel's Russia Expert Suggests The Oil Majors May Be Souring On Mega Projects In Kazakhstan By Amy McLellan As the so-called “beast from the east” sent temperatures sub-zero in the UK, there was a suitably Siberian touch to the air as delegates arrived at oilbarrel.com's 58th conference in the City of London. This was perhaps fitting as oilbarrel.com's resident Russia expert, the highly respected journalist Anthony Robinson, who was the FT's Moscow correspondent during some stormy years, was on hand to present his views of Kazakhstan. This is widely acknowledged to be the best of the “Stans”, as President Nursultan Nazarbayev, described by Robinson as “smart as a snake”, has carefully marshalled stewardship of its natural resources and maintained a tight grip on power for more than two decades. “But who comes next, who comes after God” asked Robinson, raising the question of succession which has a number of country-watchers troubled. Another regional worry point is the exit of US forces from Afghanistan. “It may end very badly as it has so often in Afghanistan but there might be some grounds for optimism this time because it's very interesting to see the countries around Afghanistan, especially China and Kazakhstan, are very very aware that an Afghanistan at peace could be an enormous advantage for the future of the entire region,” said Robinson. He pointed out that Turkmenistan has found massive gas reserves and that one of these fields crosses into Afghanistan. “Twenty years ago the main markets for gas from Central Asia seemed to be Europe,” said Robinson.  “Now it's becoming increasingly clear that the oil and gas of Central Asia will either move east to China or south across Afghanistan to the hugely energy deficient high population, high grow areas of Pakistan and India. It's difficult to think of a more positive development than that – if it happens. Will Afghanistan again be a power vacuum or will it be filled with pipelines, railways and mines?” Ian Gowrie Smith, Chairman/CEO of Kea Petroleum Click here to read more..... 59th Oilbarrel Conference Thursday 16th May 2013 Sponsored By: Thursday 16th May 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 Master Investor 2013 - Register now!! Master Investor 2013, the UK’s leading investment show, returns on Saturday April 27th at the Business Design Centre in London. And as a Minesite subscriber you could be attending for free! To claim a free pair of tickets (worth £40) CLICK HERE and enter the Promotional Code OIL2013 For more details on the unrivalled speaker line up and exhibiting quoted companies visit the Master Investor website. Latest News Features: March 13, 2013 Conference Report 1: Kea Petroleum Finds Life Sweeter After Its First Commercial Oil Strike While Oilbarrel's Russia Expert Suggests The Oil Majors May Be Souring On Mega Projects In Kazakhstan As the so-called “beast from the east” sent temperatures sub-zero in the UK, there was a suitably Siberian touch to the air as delegates arrived at oilbarrel.com's 58th conference in the City of London. This was perhaps fitting as oilbarrel.com's resident Russia expert, the highly respected journalist Anthony Robinson, who was the FT's Moscow correspondent during some stormy years, was on hand to present his views of Kazakhstan. Full story... News: March 12, 2013 Bahamas Petroleum Rallies As Government U-Turn Greenlights Pre-Referendum Drilling Shares in Bahamas Petroleum Co leapt 35 per cent on Monday morning after the AIM-quoted explorer announced an alleviating of the political concerns that have weighed on the stock since the 2012 general election. Full story... News: March 12, 2013 Backed By US$40 Million Equity Investment, Roxi Brings South Yelemes Onstream And Readies For First Deep Exploration Well In Kazakhstan Roxi Petroleum is continuing the momentum that built in January when it clinched a turnaround US$40 million equity investment, with its long stalled South Yelemes oilfield moving into production and a first deep well readying to spud next month. The AIM-quoted company had been keen for some time to bring South Yelemes field in the northern of the 1,561 sq km BNG contract area into production. Full story... News: March 11, 2013 Edge Resources Gets Busy With Spring 2013 Drilling Campaign In Saskatchewan Edge Resources, which is dual listed on AIM and the TSX Venture Exchange, is challenging the accepted wisdom that heavy oil is expensive to extract.  The Calgary-headquartered company targets shallow heavy oil deposits on its lands in Primate, Saskatchewan, Canada, where it has found that even with a 20-25 per cent price discount to WTI the economics are compelling. Full story... News: March 11, 2013 Zeta Petroleum Has High Hopes For The Testing Of Its Jimbolia Well In Romania  It looks as if it is second time lucky for the Romanian focused junior, Zeta Petroleum, as it’s last 2012 well appears to have come good. Last week the company reported that that logs acquired from the Jimbolia-100 appraisal well on the Jimbolia concession in Romania, which was spudded on December 31 201, indicated the presence of hydrocarbons in multiple sands. Accordingly, a decision has been made to flow test the well. Full story... Market Overview: March 08, 2013 Oil Prices Ease As The US Hopes For No Unpleasant Surprises in Upcoming employments Figures The main focus this week has been on the American employment figures in anticipation of signs of growth in the world’s biggest consuming economy. Early indications have investors and analysts hoping for no surprises and in early trading on Friday, Brent crude had eased to just below US$111 a barrel with WTI struggling to hold above US$91 a barrel. Full story... News: March 07, 2013 Europa Oil & Gas Gives A Positive Production And Revenue Update For The Six Months Ending January 2013 Europa Oil & Gas is one of those AIM companies – and there are a number of them –that have a fine business model for a small cap group with a good mix of production, development and highly prospective blue sky exploration. But it drifted for a number of years and never, for various reasons, such as funding restraints, planning issues and poor wells results, delivered on the promise of its portfolio. Full story... Press releases March 13, 2013 - Alkane Energy Plc Preliminary results  March 13, 2013 - Northcote Energy Operational Update March 13, 2013 - Red Emperor Resources Half Year Accounts March 13, 2013 - Xcite Energy Resources Limited Advance notice of Annual General Meeting... March 13, 2013 - Afren Plc Positive test results from the Simrit-2 well March 13, 2013 - Edge Resources Completes Horizontal Well in New Formation March 13, 2013 - Mediterranean Oil & Gas Appointment of RBC as Joint Broker March 13, 2013 - Ophir Energy TR-1: Notification of Major Interests in... March 13, 2013 - Ceramic Fuel Cells CFC and Alliander plan broad deployment of... March 13, 2013 - Frontera Resources Operations Update  March 13, 2013 - Geopark Holdings Ltd Tobifera result and development in Chile  March 12, 2013 - Trap Oil Acquisition relating to the Orchid Oil... March 12, 2013 - Global Energy Development RESTRUCTURING OF NOTES PAYABLE March 12, 2013 - Ceres Power Holdings Proposed Placing and Open Offer and Notice... March 12, 2013 - TomCo Energy Plc Holding(s) in Company  March 11, 2013 - Max Petroleum Drilling Update March 11, 2013 - Andes Energia Kilwer Acquisition  March 11, 2013 - Ceramic Fuel Cells BlueGen receives substantial state subsidy... March 11, 2013 - Bahamas Petroleum Company Plc Operational Update  March 08, 2013 - Edge Resources Spuds Horizontal, Conventional Well  March 08, 2013 - Magnolia Petroleum Operations Update  March 08, 2013 - PA Resources UK Limited Notice of the extraordinary general... March 08, 2013 - Spitfire Oil Limited Interim Results  March 08, 2013 - Valiant Petroleum Isabella Farm Out March 08, 2013 - Eland Oil & Gas Plc OPL 452 Option Agreement March 08, 2013 - Exillon Energy Preliminary Unaudited Results for 2012  March 08, 2013 - New World Oil & Gas 25% working interest at Danica Jutland... March 08, 2013 - Edge Resources Spuds Horizontal, Conventional Well March 07, 2013 - FX Energy Inc FX Energy Updates Progress at Mieczewo-1K... March 07, 2013 - Zeta Petroleum Plc Jimbolia 100 Well in Romania to be Tested March 07, 2013 - Iofina Plc Operational Update March 07, 2013 - Circle Oil plc Operating Update Egypt - Replacement  March 07, 2013 - Max Petroleum Equity for Services Share Allotment March 07, 2013 - Bluebird Energy Half Yearly Report  March 07, 2013 - Gasol Plc Draw down US$ 20 million on new Bond... March 07, 2013 - TomCo Energy Plc Issue of Equity March 07, 2013 - Hardy Oil & Gas Plc Final Results March 07, 2013 - Tower Resources plc Senior Management Appointment  March 07, 2013 - Resaca Exploitation Inc Corporate Update Don't forget to visit our other website

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