Proactiveinvestors United Kingdom Wessex Exploration articles

Wessex Exploration: Principal shareholders snub Total’s £71 mln takeover

Mon, 26 Mar 2012 12:31:00 +0100

Following shareholder consultation Wessex says Total's £71 million takeover approach undervalues the company.

Wessex Exploration shares soar on £71 mln Total bid approach

Mon, 19 Mar 2012 11:23:00 +0000

Total is one of three major oil companies which made the large Zaedyus oil discovery off the coast of South America last year. Wessex Exploration and fellow AIM oil firm Northern Petroleum share a 2.5 per cent in the venture.

Wessex Exploration's new assets are the missing pieces of jigsaw, says chairman

Wed, 04 Jan 2012 13:21:00 +0000

This morning the group revealed it has been provisionally awarded five exploration blocks in the English Channel. Wessex and its partner now own most of the acreage around Wytch Farm - the UK's largest onshore oilfield which was sold by BP for US$600 million last year.

Wessex Exploration and partner provisionally awarded blocks close to Wytch Farm

Wed, 04 Jan 2012 07:32:00 +0000

Wessex Exploration and its Australian partner Norwest Energy have been provisionally awarded five oil exploration blocks in the English Channel.

COMPANY Q&A: Fully funded Wessex primed for 2012

Thu, 29 Dec 2011 09:00:00 +0000

Its shareholding in the potentially world class exploration area of the coast of Guyane has excited a great deal of interest in Wessex Exploration. But what can we expect from the company in 2012?

Wessex Exploration shares rise as investors give their endorsement to cash call

Thu, 01 Dec 2011 13:13:00 +0000

Shares in AIM-listed Wessex Exploration were up 4 per cent in afternoon trade as investors reacted positively to the company’s £12 million cash call unveiled earlier in the day. The funds will be used to finance the firm’s continued participation in the Guyane oil block.

Wessex Exploration raises £12 million to maintain its participation in Guyane oil block

Thu, 01 Dec 2011 07:39:00 +0000

Wessex Exploration said it has successfully raised £12 million which will be used to fund its continued participation in the Guyane oil block.

AIM firms Wessex Exploration & Northern Petroleum soar on Zaedyus oil discovery

Fri, 09 Sep 2011 08:44:00 +0100

They each own 1.25 per cent of the Guyane Maritime license, which hosts the Tullow operated Zaedyus exploration well that stuck oil today. Although these are fairly small stakes, the license is believed by analysts to have ‘billion-barrel’ potential, therefore Zaedyus could prove to be very significant for these small-cap players.

Onshore exploration shows us Wytch way the UK oil industry is headed

Mon, 30 May 2011 11:08:00 +0100

When we think of Britain’s oil industry most of us immediately picture huge oil rigs out in the wild waters off Scotland’s north coast. But believe it or not there is actually much more oil than you might think right here on dry land.

David Bramhill doubles up he as he brings Wessex and Osceola to AIM

Tue, 25 Jan 2011 10:03:00 +0000

His departure from Nighthawk Energy came as a surprise to many investors. But David Bramhill is back with two AIM floats - Wessex Exploration and Osceola Hydrocarbons. Here we take a closer look at the companies and their prospects.