Oilbarrel Newsletter 18th July 2013

Oilbarrel Weekly Roundup 10th - 18th July 2013 61st Oilbarrel Conference Tuesday 3rd September 2013 Sponsored By Tuesday 3rd September 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 If you are interested in Speaking or Sponsoring an Oilbarrel event  please contact; Sophie Barrowman - sophie.barrowman@oilbarrel.com T: 02075623362   Latest News News: July 18, 2013 AIM Newcomer Lekoil Raises US$20 Million For Ogo-1 Sidetrack But Needs Another US$30 Million To Close Aje Dea Lekoil has wasted no time since its May IPO, which raised US$49 million, the largest listing on AIM this year.  In just a matter of months, the AIM newcomer has inked a sales and purchase agreement for a stake in the Aje development offshore Nigeria, participated in a promising oil strike along the West African Transform Margin and this week announced a US$20 million equity raise to fund the drilling and testing of a sidetrack to the discovery Full story... News: July 17, 2013 Northcote Energy Sets Up New Partnership Arrangements To Develop Its Mississippi Lime Projects In Oklahoma The latest twist in the saga of London AIM quoted Northcote Energy as it seeks to develop onshore oil and gas assets in the US is that the company has established a partnership vehicle for US investors to invest alongside Northcote, providing it with a non-dilutive source of capital to de-risk and rapidly advance the development of its properties, particularly in the Mississippi Lime in Oklahoma. These include existing production and a number of development opportunities. Full story... News: July 17, 2013 Momentum Continues To Build Offshore Ireland As Kosmos And Europa Oil & Gas Get A Head Start On 3D Seismic Kosmos Energy has a reputation for setting a blistering pace when it comes to working up its acreage.  The NYSE-quoted explorer, which made its fortune through the Jubilee discovery offshore Ghana, is wasting no time seeking out a Jubilee look-alike in Morocco, where it is partnered with AIM-quoted Fastnet Oil & Gas.  Kosmos' entry in the Foum Assaka licence in the Agadir Basin has put real firepower behind the Fastnet exploration campaign, where new 3D seismic has identified a raft of leads and prospects and the first well is due to spud in Q4. This will be the US company's first offshore well outside GhanaKosmos Energy has a reputation for setting a blistering pace when it comes to working up its acreage.  The NYSE-quoted explorer, which made its fortune through the Jubilee discovery offshore Ghana, is wasting no time seeking out a Jubilee look-alike in Morocco, where it is partnered with AIM-quoted Fastnet Oil & Gas.  Kosmos' entry in the Foum Assaka licence in the Agadir Basin has put real firepower behind the Fastnet exploration campaign, where new 3D seismic has identified a raft of leads and prospects and the first well is due to spud in Q4. This will be the US company's first offshore well outside Ghana Full story... Features: July 16, 2013 Poweralternatives:Fast Growing Independent Energy Group Alkane Energy Issues Very Positive 1H2013 Trading StatementPoweralternatives:Fast Growing Independent Energy Group Alkane Energy Issues Very Positive 1H2013 Trading Statement Six months after Alkane Energy announced that, following the acquisition of Greenpark Energy, it had become the UK’s leading coal mine methane (CMM) gas-to-power producer and one of the country’s fastest growing independent energy groups, the company has come up with a trading statement for 1h2013 which is very positive. Full story... News: July 16, 2013 Petroceltic International Adds Greece To Its Porfolio As Shareholders Await News Of Isarene Farm-Out Full story... News: July 15, 2013 Neon Energy Names Dates For The Spudding Of Its Potentially Company Making Wells Offshore Vietnam The first half of the year was difficult for ASX-quoted Neon Energy, which has heavy oil operations in California and exploration acreage offshore Vietnam.  Despite mounting excitement about the prospectivity of its Vietnamese assets, the stock plummeted from A30 cents in February to a low of A18 cents in late May as its Californian projects ran into difficulties, with a challenging testing programme at the  Paloma Deep discovery and water/steam handling issues at the North San Ardo heavy oilfield Full story... News: July 15, 2013 Antrim Energy Joins Forces With Enegi Oil To Revive Fyne Field Development Back in March Canada's Antrim Energy saw its shares lose two-thirds of their value after it shelved the development of the Fyne field in the North Sea, a project that only months earlier the CEO had described as robust. The project was due to be developed using the Hummingbird Spirit FPSO but escalating costs saw Antrim decide to pull the plug; it had already been stung with cost overruns on the non-operated Causeway development and had only a month earlier opted to withdraw from the Fionn field development, due to higher than anticipated projected costs. Full story... Market Overview: July 12, 2013 Oil Markets Have A Lively Week On The Back Of Bullish Forecasts By International Agencies It’s been a lively week for the oil market with strong trading numbers, better economic data and solid supply projections. In early reports on Friday, Brent crude was still trading above US$107 with WTI priced at more than US$104 a barrel. Full story... News: July 11, 2013 Poweralternatives: Never Mind The Shale: IGas Sees Revenues Jump 200 Per Cent In The Wake Of Star Energy And Singleton Purchases As its preliminary results demonstrate, IGas Energy is a completely different beast from a year ago. For starters, it's no longer correct to talk about IGas as a coal bed methane company – although it still has CBM operations – because following the 2011 Star Energy deal and the more recent US$66 million acquisition of the Singleton oilfield, this is now a classic E&P company, with proven reserves of almost 8 million barrels of oil equivalent, production of almost 2,400 barrels per day and a “chase the barrels” strategy to build on that tally.  The other big change is on the gas side of the business, where the AIM-quoted company's CBM operation Full story... News: July 11, 2013 Oryx Petroleum Ready To Replicate Addax Success In Kurdistan, West Africa Toronto-listed Oryx Petroleum Corporation could be in for an exciting year ahead.The company, which focuses on Africa and the Middle East, has been picked up in recent times by more analysts, with First Energy Capital flagging it up as a ‘speculative buy’.Set up fairly recently, it has been busy acquiring a collection of upstream assets across West Africa, in Nigeria, Congo-Brazzaville, and the AGC Shallow license area offshore Senegal and Guinea Bissau. Full story... News: July 10, 2013 End Of An Era As Northern Petroleum Says Goodbye To Musgrove And Latham Wednesday marked the end of an era when AIM stalwart Northern Petroleum announced the retirement of its long-standing managing director Derek Musgrove, with 14 years in the role, and chairman Richard Latham, who has been at the helm for 18 years. The London-based company, which presented the changes as part of a planned succession programme, has promoted COO Keith Bush to MD and is seeking a new non-executive chairman. Shares in the company gained 10 per cent on the news. Full story.. Press releases July 18, 2013 - Ceres Power Holdings Second Price Monitoring Extn  July 18, 2013 - Tangiers Petroleum Ltd Quarterly Report June 2013  July 18, 2013 - Victoria Oil & Gas Plc Chief Executive Officer's Letter to... July 18, 2013 - JKX Oil & Gas Successful Recompletion of NN-71 Well in... July 18, 2013 - Sound Oil PLC Appointment of Chief Financial Officer July 18, 2013 - Nostra Terra Oil & Gas Company PLC Production at CT5 Exceeds Expectations  July 18, 2013 - Falcon Oil & Gas Ltd Falcon Oil & Gas Ltd. Announces the... July 18, 2013 - Mediterranean Oil & Gas Operational Update July 18, 2013 - Max Petroleum Borkyldakty Field Placed on Full Field... July 18, 2013 - Exillon Energy Drilling Update  July 17, 2013 - Roxi Petroleum Plc Licence Renewal and Operational update  July 17, 2013 - Sound Oil PLC Nervesa Gas Discovery July 17, 2013 - TXO Plc Board Appointment  July 17, 2013 - Lekoil Issue of Equity July 17, 2013 - Coastal Energy Co Onshore Operations Update July 16, 2013 - Wasabi Energy Exercise of Options July 16, 2013 - Cadogan Petroleum Plc Operations Update  July 16, 2013 - Amerisur Resources Platanillo Update July 16, 2013 - Egdon Resources Planning Approval for Laughton-1... July 16, 2013 - Baron Oil Colombia 50% Farm-Out  July 16, 2013 - Frontier Resources International Plc Appointment of Exploration Manager July 16, 2013 - New World Oil & Gas Positive Update to Danica Jutland CPR  July 16, 2013 - Max Petroleum Drilling Update July 16, 2013 - Maple Energy EXECUTION OF SENIOR SECURED FINANCING July 16, 2013 - President Energy Notification of Major Interest in Shares July 15, 2013 - Green Dragon Gas Operations Update July 15, 2013 - Europa Oil & Gas Commencement of 3D Seismic, Offshore Ireland  July 15, 2013 - Magnolia Petroleum Quarterly Operations Update  July 15, 2013 - Coastal Energy Co Update of Normal Course Issuer Bid  July 15, 2013 - Enegi Oil Newfoundland Update July 15, 2013 - Sound Oil PLC Nervesa Total Depth  July 15, 2013 - BG Group Simon Lowth appointed BG Group CFO  July 15, 2013 - Antrim Energy Inc. Antrim Energy: Irish Licensing Option... July 15, 2013 - Max Petroleum Operational Update  July 15, 2013 - Gulf Keystone Petroleum Board's Recommendation to Shareholders  July 15, 2013 - Union Jack Oil Intention to float - Union Jack Oil plc... July 15, 2013 - Helius Energy Rothes Plant Handed Over for Commercial... July 12, 2013 - Nighthawk Energy plc Drilling Report  July 12, 2013 - Petroceltic International Award of New Greek Licence July 12, 2013 - JKX Oil & Gas Bonds Admission to the Luxembourg Stock... July 12, 2013 - Mediterranean Oil & Gas Ombrina Mare Update July 12, 2013 - President Energy Director Dealing July 12, 2013 - Rialto Energy Ltd Starfish-1 Exploration (add headline) July 11, 2013 - Green Dragon Gas Production Sharing Contracts and Licenses  July 11, 2013 - Rey Resources Update on Canning Basin Oil and Gas... July 11, 2013 - Good Energy PROPOSED PLACING AND OPEN OFFER AND NOTICE... July 11, 2013 - Falcon Oil & Gas Ltd Falcon Australia Shareholders Approve Its... July 11, 2013 - Baron Oil Change of Website  July 11, 2013 - Madagascar Oil Grant of Options and Issue of Equity July 11, 2013 - Bridge Energy ASA Rig Contract Signed for P1763 Licence  July 11, 2013 - Premier Oil Bream acquisition and transfer of... July 11, 2013 - Gulfsands Petroleum Plc Announcement of Intended Retirement of... July 11, 2013 - RenewableUK World's biggest offshore wind farm gets go... July 11, 2013 - Bridge Energy ASA Bridge Energy ASA: Rig Contract Signed... July 11, 2013 - Bridge Energy ASA Bridge Energy ASA: Rig Contract Signed... July 10, 2013 - RenewableUK New report points to huge potential for... July 10, 2013 - Oxford Catalysts Microchannel FT reactor technology chosen... July 10, 2013 - Dragon Oil Drilling and Production Update July 10, 2013 - Ceramic Fuel Cells Directorate Changes July 10, 2013 - Indus Gas Indian gas pricing  July 10, 2013 - Gulf Keystone Petroleum Notice of Additional AGM Resolution  July 10, 2013 - President Energy OPERATIONAL UPDATE July 10, 2013 - Northern Petroleum Plc Directorate Changes July 10, 2013 - Antrim Energy Inc. Miscellaneous medium priority announcements July 10, 2013 - Green Dragon Gas Production Sharing Contracts and Licenses Don't forget to visit our other website

You are receiving this e-mail because you have either registered to receive e-mails from us on our website or you have attended a past Oilbarrel Conference.

If you would like to unsubscribe from our e-mails or have any queries about the website or our events, please contact support@oilbarrel.com.