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Wednesday, June 12, 2013

Oilbarrel Newsletter 12th June 2013

Oilbarrel.com Informed comment and independent oil and gas   news
Oilbarrel Weekly Roundup 7th - 12th June 2013
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Latest News

News: June 12, 2013

Enegi Oil Starts To See Sustained Output from Garden Hill As It Scouts Marginal Field Opportunities In The North Sea

As shareholders in AIM-quoted Enegi Oil know only too well, small cap single asset companies don't have a lot of manoeuvre room when that asset under-performs.  With its Garden Hill oilfield in western Newfoundland serially disappointing, Enegi has worked hard over the past year to diversify the risk profile.  You wouldn't know it from the ailing share price but the company has now diversified into early stage exploration projects in Ireland and Jordan and signed a joint venture to develop marginal offshore oilfields with technology provider ABTechnology.

Full story...

News: June 12, 2013

Plexus Holdings Continues To Build HP/HT Order Book

Shares in Plexus Holdings, the specialist wellhead supplier, may have eased back from the highs of six months ago but the company is still adding to its order book.  This week the AIM-quoted company landed a £2 million contract to support Norway's DNO in the drilling of two high pressure, high temperature (HP/HT) exploration wells in Norwegian waters. Revenues will start next month and extend over a 12 to 18 month period

Full story...

News: June 11, 2013

Regal Petroleum Focuses On Growing Production From Its Challenging Tight Gas Fields In Ukraine

It's now over ten years since Regal Petroleum joined AIM and what a rollercoaster ride it has been.  After the Greek debacle, the Frank Timis years, the poor results from its tight gas fields in Ukraine, the legal tussles and the production suspension that almost broke it, the AIM-quoted company finally appears to be on a more even footing and is even turning a profit

Full story...

News: June 11, 2013

Leni Gas & Oil Secures New Finance To Help Significantly to Ramp Up Trinidad Production

Talking, or rather writing, about Trinidad and how it has become a magnet for junior oil and gas groups like ASX and AIM listed Range Resources, as we have done recently, inevitably leads us to Leni Gas & Oil. Together with Range and Trinity Exploration and Production, Leni makes up the trio of AIM listed juniors who have concentrated on the Caribbean island as their main area of activity

Full story...

News: June 10, 2013

Andes Energia Builds Critical Mass In Argentina And Helps Derisk The Business With New Ventures In Colombia And Brazil

It's almost a year now since Andes Energia demerged its electricity and E&P businesses.  The intervening 12 months have been characterised by a paper-backed spending splurge to build an E&P portfolio with critical mass and overcome investor jitters about the exposure to Argentina.

Full story...

News: June 10, 2013

Analysts Advise Investors To Concentrate on Latin America, Particularly Trinidad When Looking For Value In Range Resources

For almost about  exactly a year now ASX and AIM listed Range Resources has been in a whirl of activity including high, medium and low impact drilling on various assets. It has launched an important asset sale and an also a putative merger as well as farmed into new acreage in Latin America. All or even some of these moves should have seen the company climb from being a small cap (market cap £81.1 million) to getting on the lower slopes of becoming a mid- tier group with a broad portfolio both geographically and geologically.

Full story...

Market Overview: June 07, 2013

Oil Prices Hold Up As Good US Economic News Continues To Drive The Market

The market is expecting good news on the American employment situation and this helped keep traders busy and interested all week. The monthly jobs report for May is indicating good news and in early trading on Friday Brent crude is close to US$104 with WTI trading around US$95 a barrel.

Press releases

June 12, 2013 - Heritage Oil Plc Production Update
June 12, 2013 - Urals Energy Loan from Petraco Oil Company Limited
June 12, 2013 - Iofina Plc Board Changes
June 12, 2013 - Rialto Energy Ltd Director and Company Secretary Resignation
June 12, 2013 - Petro Matad Limited Fundraising
June 12, 2013 - Coastal Energy Co nitiation of Normal Course Issuer Bid
June 12, 2013 - Leni Gas & Oil Plc Production Update 
June 12, 2013 - Enegi Oil Newfoundland Update 
June 11, 2013 - Zeta Petroleum Plc Successful Gas Production Test at Suceava
June 11, 2013 - North American Petroleum Operations Update
June 11, 2013 - Magnolia Petroleum 10 per cent Interest in New Mississippi...
June 11, 2013 - Matra Petroleum Proposed disposal of Arkhangelovskoe Licence
June 11, 2013 - Chariot Oil and Gas Ltd Licence Extension Agreed Offshore Morocco
June 11, 2013 - Kea Petroleum Puka Testing Update and Drilling of Puka 3
June 11, 2013 - Gulf Keystone Petroleum Update on Search for Non-Executive Chairman 
June 11, 2013 - Bridge Energy ASA PL511 Mjøsa exploration well update
June 11, 2013 - Global Petroleum Eagle Ford Shale Sale Agreement Completed 
June 11, 2013 - Norwest Energy NL Independent Resource Evaluation of...
June 11, 2013 - TEG Group Re Contract 
June 10, 2013 - Great Eastern Energy Final Results 
June 10, 2013 - Max Petroleum Drilling Update 
June 10, 2013 - SacOil Holdings Appointment of Directors
June 10, 2013 - Range Resources Trinidad Update 
June 10, 2013 - Plexus Group GBP 2M Contract Win Det Norske
June 10, 2013 - Green Dragon Gas Final Results 
June 07, 2013 - Frontera Resources Results of Annual General Meeting 
June 07, 2013 - Chariot Oil and Gas Ltd Licence Extension in Southern Block 2714A
June 07, 2013 - Lochard Energy Operational update and offer by The...
June 07, 2013 - Nostra Terra Oil & Gas Company PLC Notice of AGM
June 07, 2013 - BG Group Third FPSO vessel on-stream in Santos Basin 
June 07, 2013 - Petroceltic International Board Change 

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