Oilbarrel Newsletter 11th September 2013

Oilbarrel Weekly Roundup 4th - 11th September 2013 61st Oilbarrel Conference - Monday 7th October 2013 Sponsored By Monday 7th October 2013 ***NEW VENUE*** The Brewery Chiswell Street London EC1Y 4SD (Nearest stations are Moorgate, Barbican and Liverpool Street) Presenting Companies include: Petroceltic International Canadian Overseas Petroleum PKF Malta Northern Petroleum To Register Click Here or Contact support@oilbarrel.com to find out more If you are interested in Speaking (or Sponsoring) a future Oilbarrel event,  please contact Paul Newman – Paul.Newman@Oilbarrel.com   T: +44 (0)20 7562 5422. Latest News News: September 11, 2013 Gulf Keystone Petroleum Gushes Higher As It Wins Key Legal Battle Investors in Gulf Keystone Petroleum would be forgiven a mid-day celebratory drink, or two or three, after the Kurdistan explorer claimed victory in a long-running legal battle that has weighed on the share price. Shares in the AIM-quoted company, which had been suspended on Monday pending the ruling, surged more than 20 per cent when trading resumed. Full story... News: September 11, 2013 Investors In David Bramhill’s New Vehicle Union Jack Oil Eagerly Await The Drilling Of Two Onshore UK Wells One of the key developments reported in Union Jack Oil’s unaudited results for the half year ended June 30 2013, recently released, was high up in the update and was subsequent to the period end. The company said it had graduated to AIM from the ISDX and in conjunction with this had a successful funding exercise during a challenging economic backdrop raising gross proceeds of £800,000 through a share placing. Full story... News: September 10, 2013 Tullow Oil Makes Basin-Opening Oil Strike In The Barents Sea As Investors Hope The FTSE 100 Company Has A Return To Form Two thousand and thirteen  has, so far, been a bumpy ride for Tullow Oil as its previous golden touch with the drillbit proved elusive, with one well after another coming back empty handed.  This dry spell included a run of expensive disappointments off French Guiana and sub-commercial gas finds offshore East Africa and Cote d'Ivoire.  Last week, however, nervous investors hailed news of a breakthrough discovery in Norway's Barents Sea. Full story... News: September 10, 2013 Edge Resources Reports Higher Net Backs From Its Heavy Oil And Renegotiates Debt Terms After the lows over the summer months, AIM-quoted Edge Resources has had a strong start to September with the shares now nudging back towards the ten pence per share marker. It comes as the Canadian E&P, which targets shallow heavy oil deposits in Saskatchewan and Alberta,  put in a record Q1 for the three months to June 30, with revenues hitting C$2.3 million, putting the company close to break-even. Full story... Features: September 09, 2013 Poweralternatives:Veteran Oilman Algy Cluff Returns To The North Sea With Pioneering Plan To Convert Subsea Coal Fields Into Clean-burning Syngas Forty years ago, North Sea pioneer Algy Cluff was wildcatting for oil when, to his disgust, he drilled through a thick coal seam. A US colleague looked at the well data and surmised there was enough coal under the North Sea to keep Europe going for two thousand years.  Cluff, of course, went on to make his fortune with Cluff Oil, finding the Buchan oilfield in 1975, the 14th commercial oil strike in the North Sea and still producing today, before traversing Africa as a successful mining entrepreneur, making some major finds, including a giant gold deposit in Tanzania, the largest gold discovery in Africa since World War II. Full story... News: September 09, 2013 Neon Energy Names The Date For Its Second Potentially High Impact Well In Vietnam ASX-quoted Neon Energy, has heavy oil operations in California and exploration acreage offshore Vietnam.  We wrote in July that despite mounting excitement about the prospectivity of its Vietnamese assets, the stock had a hard time in the first half of the year as its California 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... Market Overview: September 06, 2013 Oil Prices Buoyant As Geopolitcal Issues Continue To Dominate the Headlines In anticipation of strong economic data from the world’s biggest consumer, the oil price nudged upwards as we closed the week. Investors were hoping that more Americans are heading back to work after healthier service sector growth figures for August. In early trading on Friday, Brent crude was priced around US$115 with WTI trading above US$108 a barrel. However, the job figures turned out to be mixed overall by late on on Friday. Full story... News: September 05, 2013 Sound Oil Announces A Successful Flow Rate For Its Nervesa Well In Italy Well, the announcement seems to suggest that step one in Sound’s grand design to become a mid-cap oil and gas company, has been successfully negotiated. When James Parsons took over as CEO of the Aim listed junior in October 2012, he set out a strategy of transformational growth through the drilling four material wells in Italy within 24 months. Full story... News: September 05, 2013 Matra Petroleum Sells Its Difficult Sokolovskoe Oilfield And Reinvents Itself As An AIM Investing Company Summer 2013 marked a new start for troubled Matra Petroleum, which had been brought low after its Sokolovskoe field in the Orenburg region of Russia proved far more complex than first thought, with wells serially under-shooting management expectations.  By early summer of this year, the AIM-quoted company, now under the leadership of Maxim Barskiy who last year injected £4.6 million of capital to take an almost 30 per cent shareholding, decided to dispose of the asset and start again Full story... News: September 04, 2013 Kea Petroleum Tanks As It Becomes Latest Oil Junior To Launch Strategic Review Shares in Kea Petroleum lost a third of their value on Tuesday after the AIM-quoted E&P provided an underwhelming production update from its Puka oilfield in New Zealand, ditched an upcoming exploration well and became the latest under-pressure small cap to start a strategic review.  The shares dropped 36.36 per cent to close at 2.62 pence Full story... Press releases September 11, 2013 - Jupiter Energy Limited Reserves Update  September 11, 2013 - Wessex Exploration Plc Re Juan de Nova Est  September 11, 2013 - Mediterranean Oil & Gas Guendalina Operational Update  September 11, 2013 - Petroneft Resources Plc Operations Update  September 11, 2013 - TomCo Energy Plc Trading Update  September 11, 2013 - Ithaca Energy Inc Stella Development Well - Successful Test... September 11, 2013 - Max Petroleum Holding(s) in Company September 11, 2013 - Global Petroleum Juan de Nova Est Project Update September 11, 2013 - Alkane Energy Plc Interim Results  September 11, 2013 - Wessex Exploration Plc Re Juan de Nova Est  September 11, 2013 - Jupiter Energy Limited Reserves Update September 11, 2013 - Ithaca Energy Inc Stella Development Well - Successful Test... September 11, 2013 - Petroneft Resources Plc Operations Update September 10, 2013 - Tethys Petroleum Tethys Petroleum Limited: Chegara... September 10, 2013 - Caracal Energy Posting of Circular and Notice of... September 10, 2013 - Magnolia Petroleum Interim Results  September 10, 2013 - Antrim Energy Inc. Causeway and Cormorant East Update and... September 10, 2013 - Circle Oil plc Operating Update Egypt  September 10, 2013 - Nostra Terra Oil & Gas Company PLC New Colorado Well Spud  September 10, 2013 - Norwest Energy NL Arrowsmith-2 Update September 09, 2013 - Europa Oil & Gas Operations Update September 09, 2013 - Magnolia Petroleum Major Increase in Net Production &... September 09, 2013 - Frontier Resources International Plc Operational Update: Namibia  September 09, 2013 - Petroceltic International Interim Results and Operational Update September 09, 2013 - Essar Energy Essar Power Bond Issue  September 09, 2013 - Chariot Oil and Gas Ltd Resource Update September 09, 2013 - BG Group Capital Markets Day and Operational Update September 09, 2013 - IGas Plc Acquisition of Caithness Oil Limited September 09, 2013 - Trap Oil Proposed disposal of interests  September 09, 2013 - Gulf Keystone Petroleum Litigation Update September 09, 2013 - Europa Oil & Gas Operations Update September 09, 2013 - Max Petroleum Drilling Report September 06, 2013 - Oilex Ltd Appendix 3B September 06, 2013 - Iofina Plc Notice of Results  September 06, 2013 - Argos Resources Ltd Notice of Annual General Meeting September 06, 2013 - Tullow Oil plc Breakthrough oil discovery at Wisting... September 05, 2013 - Union Jack Oil Half Yearly Report  September 05, 2013 - Magnolia Petroleum Operations Update September 05, 2013 - Neon Energy Ltd Vietnam Block 120 Prospect Selection September 04, 2013 - Green Dragon Gas Arbitral Award Appeal Filed  September 04, 2013 - Coastal Energy Co Update on Blocklisting  September 04, 2013 - Lekoil Holding(s) in Company  September 04, 2013 - Sound Oil PLC Successful Nervesa Well Test  September 04, 2013 - Lekoil Limited Holding(s) in Company September 04, 2013 - Sound Oil PLC Successful Nervesa Well Test Don't forget to visit our other website

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