The deal to sell 10% of Wressle to Upland Resources was agreed in November, and it has now been extended until the end of September 2017.
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Falcon shares are up some 180% following the release of a major discovery and resource report for its breakthrough Australian shale project.
Chief executive Robin Watson said the group’s financials for 2016 were in line with expectations, despite challenging market conditions.
The oil and gas junior said it was considering a share placing but it is not proceeding with the funding.
Deutsche Bank has recommended a 'hold' rating on Drax after the power company reported "slightly disappointing" full year results.
The board does not believe shareholders are best served by a series of public claims and counterclaims between the company and COC, but ...
One of the largest current developments in the North Sea, Kraken will ramp up to a plateau rate of 50,000 barrels of oil equivalent per day.
The influx of funds from its major lenders should last the company through to the first half of 2018
"Chariot will develop the drilling inventory on these permits through seismic acquisition which capitalises on the current excellent seismic contract rates," says chief executive Larry Bottomley.
The funds will be used to pay for the company’s share of the well testing programme at the Ntorya development
Malcolm Graham Wood described as a 'colossal' potential discovery
Lansdowne Oil & Gas has relinquished a licence in offshore Ireland after volumes at a well on the site was too considered too small to be commercial.
WH Ireland said: "In our opinion, the scale of the resource is much greater than we had anticipated..."
Origin put a gross best estimate of gas in place at a world-class 496 trillion cubic feet for the acreage
Executive chairman Keith Allaun called the retirement of the loan note "a major turning point in the history of PowerHouse".
G2 will now submit an application for a significant discovery licence. It will earn into the asset by carrying out a work programme.
Its ‘low case’ oil in place estimate is now 283mln barrels; the ‘best case’ is 1.03bn and the ‘high case’ is now almost 2bn barrels.
The field was operated by its subsidiary Compañía Petrolífera de Sedano (CPS)
“Ahead of our formal response, we wish to give timely advice to shareholders that COC's proposal has absolutely no merit," said Billy Allan, Bowleven chairman.
Range Resources continues to advance its oil projects in Trinidad, supported by contractor LandOcean.
John Stafford, who has 35 years experience in the oil and gas industry and a Middle East specialist, is joining as a non–executive
“Wressle is located in the heart of the East Midlands petroleum province and at an anticipated gross rate of 500 bopd would almost double our existing production based on a 20% interest,” said Hugh Mackay, Europa chief executive.
“These funds are expected to be sufficient to enable the company to secure its first project," said CEO Nigel Burton.
“These results move us a significant step forward in the commercialisation of the Ntorya discovery," Ritson said.
Energy explorer Eco (Atlantic) Oil & Gas said on Friday it has published its AIM papers as it seeks to raise C$7.83mln as part of its ambitions of joining London’s Alternative Investment Market next week