“Having endured the toughest times the industry has experienced, we are excited about our prospects in 2017 and beyond,” said Randeep Grewal, chief executive.
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Haydale and Everpower are working on collaborations targeting growth initiatives in China.
It would be reasonable to expect that USOP could be drilling by August or September, the company said.
GDC, Victoria’s Cameroon subsidiary, continues to sell gas from Logbaba to ENEO at normal consumption rates for this time of year
The Middle East and North Africa focussed group said it still plans to seek equity funding in due course.
Green Dragon’s coal bed wells in China saw a 34% rise in sales and generated a profit of US$16.5mln
The agriculture and forestry company is ready to play its part in the 'Grow Africa' initiative
Tullow is sticking to its current guidance of 78,000 to 85,000 bopd for 2017.
Croda said the improving sales trend seen in late 2016 had continued into the first quarter of 2017 and led to constant currency sales increasing by 4.9% year-on-year
Rockhopper has a 22% stake in the Al Jahraa well which is targeting a potential extension of a discovery.
Cash proceeds, totalling A$6.7mln, are earmarked for field appraisal activities and efforts to take its Botswana.
Most of this order will go into an off-shore wind park to be integrated directly into the wind turbine control system.
Revenues climbed and losses narrowed while a new investor came on board
Trinity wants a run-rate of 3,000 bopd over the next 12 months
Thirteen of the wells will be follow ups to Continental Resources Foree 1-18-7XH
New wells are planned at the Lalla Mimouna and Sebou projects later this year.
The company has previously guided, in investor presentations, that the refinancing process is due to conclude by the end of May.
New shipping operations continue to deliver, with some 120,000 barrels taken for export to date.
Solo’s partner Aminex today announced a major upgrade to the gas in place resource estimates for Ntorya.
Dekel will own 76% of the company once the tendered shares have been purchased, and remaining shareholders have more time to sell.
Arden analyst Daniel Slater today repeated a ‘buy’ recommendation for the North Sea exploration company.
Just over half the shares were sold through the Teathers App, in a ‘live market bookbuild’ process.
The company told investors that the placing proceeds will be used as working capital.
The new wells demonstrate the significant pickup in activity the company is seeing in the US
GY-683 is the second of an initial programme of up to ten infill wells slated to be drilled in 2017 and early 2018.