In a trading update in May, the AIM-listed firm said discussions over contracts are taking longer than expected to conclude, although it still anticipated orders under negotiation will come through in its financial year ending in June 2018
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UK Oil & Gas Investments (UKOG), Angus, Doriemus and Alba all had news on Monday as they work to follow up the breakthrough success of the Horse Hill discovery, in southern England.
“Ntorya-3 is ready to go but want to make sure, we maximise as many targets as we possibly can.”
“The coring programme continues to deliver positive results and important new insights," said UKOG chief executive Stephen Sanderson.
The North Sea oil firm has delivered the Kraken oil field, a US$2.5bn project that’s expected to produce up to 50,000 barrels of oil per day and some 1,000 oil jobs.
“A little patience is now required as we give the rocks time to show us what they can deliver,” Dave Wall said.
While the oversupply of crude continues to weigh on the market, the good news is the strength of compliance by OPEC and supporting countries to agreed production cuts
The fund said it attributes Hurricane's share price decline principally to its warrant issue announced on May 12 and comments at its annual general meeting on June 7, which referred to the near term focus being on funding and delivering the Early Production System
Following on from yesterday’s HSBC upgrade, JPMorgan Cazenove has today raised its rating for Centrica to 'neutral' from 'underweight'
Macquarie has an 'outperform' rating with a 87p price target, suggesting nearly 180% upside.
Aussie broker Macquarie sees Brent averaging just over US$54 in the second-half, then US$49.33 and US$52.75 a barrel for 2018 and ’19 respectively
In a note to clients, the global bank’s analysts raised their stance on the FTSE 100-listed firm to ‘hold’ from ‘reduce’ with an increased target price of 202p, up from 187p
Echo is to acquire an 80% stake in the Huayco block, in Southern Bolvia, where the ambitious new company sees ‘significant multi-TCF gas potential’.
Centrica has sold the Langage and South Humber Bank combined cycle gas turbine power stations which have a combined capacity of 2.3 Gigawatts to the UK unit of Czech-owned Energeticky a prumyslovy holding, a.s. (EPH).
We are delighted to reveal our first transaction in Bolivia as part of our recently announced Latin American upstream gas strategy."
"This is an important milestone in the development and commercialization of DT Ultravert, with the technology now validated as unique and proprietary."
It has now begun the process of coring, where samples are extracted from the areas most likely to be hydrocarbon-bearing
The run of positive well results may are de-risking and value-adding, but, there are signs that Horse Hill’s partner politics could be heading for a ‘coalition of chaos’.
Chief executive Jay Bhattacherjee described it as “a major milestone” as the group continues gas sales in Tanzania and advances plans for the next well programme at the Ntorya project.
With the completion of the fracking, 88 Energy can now advance the Icewine-2 well to the pivotal production testing phase.
“This is the first power generated from CBM in the country and this achievement reinforces our view that CBM Gas-to-Power is achievable in Botswana using gas from the Lesedi Project," says Tony Gilby.
The City is now waiting for a new, updated competent persons report, analysts said
if the wells are successful at the deeper levels it would be 'really good' news for the oil and gas explorer,
Production testing is now just around the corner, once fracking operations and reservoir sampling is complete.
A new €250mln capital raise will position Greencoat Renewables to acquire more wind farm assets in Ireland.