Proactiveinvestors United Kingdom - Oil & Gas Exploration & Production RSS feed Proactiveinvestors United Kingdom - Oil & Gas Exploration & Production feed en Sat, 20 Jan 2018 11:17:38 +0000 Genera CMS Caspian Sunrise shares drop on well programme delays Thu, 04 Jan 2018 08:46:00 +0000 Range Resources celebrates “one of the best” new wells Tue, 02 Jan 2018 07:57:00 +0000 Range Resources makes early payment for drilling services acquisition Thu, 28 Dec 2017 09:24:00 +0000 Statoil unveils US$2.85mln Petrobras deal to triple Brazil production Mon, 18 Dec 2017 08:52:00 +0000 Serica Energy shares drop as Forties pipeline shutdown hits Erskine field Tue, 12 Dec 2017 09:41:00 +0000 Credit Suisse starts coverage on Kosmos Energy with a ‘neutral’ rating and a 700p price target Wed, 22 Nov 2017 11:02:00 +0000 Kosmos Energy reveals Hippocampe-1 disappointment offshore Mauritania Tue, 31 Oct 2017 08:13:00 +0000 Kosmos Energy unveils US$650mln deal for ‘under explored’ Gulf of Guinea assets Tue, 24 Oct 2017 09:03:00 +0100 Caspian Sunrise soars after delivering long awaited deep well success Mon, 23 Oct 2017 09:51:00 +0100 Upbeat Hillcrest Petroleum set for landmark year Thu, 28 Sep 2017 15:00:00 +0100 Egypt and cashflow the key to TransGlobe Energy’s recovery Wed, 20 Sep 2017 16:08:00 +0100 Range Resources spuds new development well in Trinidad Wed, 13 Sep 2017 08:28:00 +0100 i3 Energy successfully completes survey for Liberator field planning Fri, 25 Aug 2017 09:11:00 +0100 Well results confirm Kosmos Energy and BP's Mauritania gas project as “world class” Wed, 23 Aug 2017 08:30:00 +0100 Trinity Exploration sells west coast Trinidad assets to Range Resources Fri, 11 Aug 2017 07:40:00 +0100 Range Resources acquires stake in Indonesia oil field project Tue, 08 Aug 2017 07:22:00 +0100 North Sea experience key to i3 Energy Thu, 03 Aug 2017 13:01:00 +0100 Kosmos Energy to join partners Tullow and BP with London listing Wed, 02 Aug 2017 10:51:00 +0100 Range Resources gives quarterly update as reverse takeover continues to advance Wed, 26 Jul 2017 07:33:00 +0100 Zenith Energy reports success with Azerbaijan well Mon, 03 Jul 2017 07:59:00 +0100 EnQuest has delivered Kraken heavy oil field ‘considerably under budget’ Mon, 26 Jun 2017 08:06:00 +0100 Royal Dutch Shell, BP downgraded as leading broker turns bearish on the oil price Thu, 22 Jun 2017 15:24:00 +0100 North Sea growth firm i3 Energy set for US$50mln AIM IPO Wed, 10 May 2017 11:23:00 +0100 Range Resources advances deal to buy-out rig contractor Tue, 02 May 2017 07:31:00 +0100 Range Resources updates on quarterly production in Trinidad Thu, 13 Apr 2017 09:30:00 +0100 Kazakhstan-focused oilfield developer Caspian Sunrise may have discovered third shallow oil structure Thu, 06 Apr 2017 07:59:00 +0100 Range Resources says Georgia asset remains valid Wed, 05 Apr 2017 08:43:00 +0100 Kazakhstan-focused oiler Caspian Sunrise is sitting on "something special", says chairman Tue, 04 Apr 2017 12:30:00 +0100 Range Resources reports 38% increase in revenue Fri, 17 Mar 2017 08:35:00 +0000 Anglo African Oil & Gas: A junior with a pragmatic approach to output, cash flow and value Mon, 06 Mar 2017 12:20:00 +0000 Exciting News from AIM Journal's 100th Edition AIM Journal writer Andrew Hore tells Proactive that since the journal's inception in 2009, many companies featured on AIM have positively grown. Andrew discusses trading statements on US based construction company Somero and computer games co-developer Sumo, giving Proactive insights into the pertinent facts and figures.

Fri, 12 Jan 2018 15:57:00 +0000
Transglobe well positioned for strong growth in Egypt Ross Clarkson, president and CEO of TransGlobe Energy Corporation (TSX:TGL; NASDAQ:TGA) chats with Proactive's Andrew Scott about the group's assets in Canada and Egypt.

''We've been in business 22 years, I created the company and we have been active explorers and developers for that period of time'', Clarkson says.

Mon, 18 Sep 2017 13:05:00 +0100
i3 Energy could be worth 'north of $150mln' after cash injection Neill Carson and Graham Heath of i3 Energy (LON:I3E) chat through with Proactive's Andrew Scott their asset in the North Sea - the Liberator field.

They say an estimated 10 mln barrels of oil is in situ and possibly another 5mln to be found.

i3 Energy listed on AIM in July.

Wed, 02 Aug 2017 13:45:00 +0100
TAG Oil's Toby Pierce on their upcoming 'fairly aggressive' NZ strategy Toby Pierce, chief executive of TAG Oil, talks Proactive's Andrew Scott through their main assets in New Zealand and Australia as well as the firm's strategy and possible future acquisitions.

Tue, 27 Jun 2017 13:49:00 +0100
'We're sitting on something pretty special', says Caspian Sunrise chairman Clive Carver Clive Carver, chairman at Caspian Sunrise (LON:CASP) introduces the company to Proactive Investors.

The company was established in 2006 and admitted to trading on the AIM market when it was known as Roxi Petroleum plc.

Carver says the merger with Baverstock is a major milestone in the Group’s development as they're now free to develop their main asset - the BNG contract area - at a pace that suits Caspian Sunrise shareholders.

Wed, 29 Mar 2017 11:01:00 +0100
Anglo-African Oil & Gas PLC "extremely pleased" with investor interest as it starts life on AIM David Sefton, executive chairman of Anglo-African Oil & Gas PLC (LON:AAOG) and Alex MacDonald, chief executive, talk Proactive thorugh the firm's first day on AIM having raised over £10mln.
The cash is all going into the drillbit, or the majority of cash is, said MacDonald, adding the firm had a drill programme  starting in the next couple of weeks going through to August, September.
"We've got two wells that we are going to workover very quickly to increase production from the current level of about 38 barrels a day to about 250 barrels a day," he said.

Mon, 06 Mar 2017 10:41:00 +0000
Zenith Energy Ltd a 'low cost operator with big assets' says CEO Zenith Energy Ltd is a Canadian based publicly traded international energy exploration company.

Their main focus is the acquisition of large acreages in oil producing countries that offer an adequate protection of the ownership of petroleum assets by foreign investors.

CEO Andrea Cattaneo tells Proactive they're the only independent, junior oil producer in Azerbaijan.

''It's been quite an achievement to convince the national oil company that we are as good as the big names they've been dealing with for years''.      

Zenith Energy's also begun trading on London's AIM market.

Mon, 16 Jan 2017 10:33:00 +0000
Range Resources shares heading for 0.7p says Zak Mir There’s good support in the chart for Range Resources Ltd (LON:RRL), so says technical analyst Zak Mir, who sees the shares rising into 2017.
“If you are cautious on the shares maybe wait for the 200-day moving average at 0.41p to break and take the shares up to the top of that rising trend channel up to the 0.7p area for the first quarter of 2017,” Mir said in a Tip TV segment for Proactive Investors.
Thu, 15 Dec 2016 11:27:00 +0000
Range Resources' share price tipped to double Increasingly positive news flow and fundamentals could drive the share price of Range Resources Limited (LON:RRL) much higher according to the ‘King of Charts’ Zak Mir.

In the latest segment of TIP TV’s Proactive Investors Bulletin Board, Mir tips shares in Range to almost double in the coming months.

“It looks like things are finally getting underway in a decent fashion [and] that’s reflected on the charts,” Mir says.

“[There are] multiple support points at 0.3p. I’m looking for 0.4p to be broken – that’s the 200-day moving average – to take us back up towards the recent range of 0.6 to 0.65p.”

Mon, 14 Nov 2016 09:45:00 +0000
Hyperdynamics excited about its high risk/high reward programme Hyperdynamics Corporation (OTCMKTS:HYDN) is an independent exploration company exploring offshore the Republic of Guinea for new sources of oil and Gas and has a 100% share in an ultra-deep water two-well drilling programme.

President and chief executive Ray Leonard tells Proactive: ‘’We’re gearing up to spud the next well in April and we’re really excited about it.’’

‘’In terms of why Guinea right now really there are two things -  first of all northwest Africa was an area that was pretty much an exploration wasteland until 2007 when Tullow Oil made a huge discovery called the Jubilee Field which is about a billion barrels of oil and after that there was a tremendous amount of leasing of other companies and over time the results have pointed in our view to Guinea being the closest analogy in geology to offshore Ghana. The other plus is that this contract was negotiated in 2006 – the year before Jubilee. What you often get in the oil industry is that once someone makes a discovery, not only do the companies rush into the area but the host governments realise that this is something very attractive and the terms start getting more difficult – royalties increase, the profit split to the host nation increases and this is the only contract left that’s pre-Jubilee times so not only do you have excellent geology but you have excellent fiscal terms’’, Leonard adds.

Thu, 20 Oct 2016 09:34:00 +0100
Hillcrest Petroleum "sticking a flag" in Louisiana Don Currie, CEO of Hillcrest Petroleum (CVE:HRH, OTCQB:HLRTF), admits the Texas and Gulf of Mexico-focused oil producer has had to make some tough decisions in response to the tougher environment for energy companies, but it is not completely going into its shell.
Targeting producing assets deemed too small to bother with by the majors or “fire sale” assets from overstretched producers, Hillcrest recently signed a deal that could see it earn a 75% working interest in 6,200 acres located in a well-established hydrocarbon producing area of Louisiana. Currie said the acreage presents a chance to “plant a flag in the area”, establish a reputation as a competent operator, and grow from there.

Wed, 14 Sep 2016 15:43:00 +0100
Bankers Petroleum boss eyes production ramp up in Albania David French, chief executive of Toronto and AIM listed Bankers Petroleum (LON:BNK) (TSX:BNK) says the firm is aiming to ramp up oil production from its Albania field to 30,000 bopd by 2020.

Speaking at the World Oil & Gas week in London, the CEO exlains that to date at Patos-Marinza, the largest onshore oilfield in Europe, the firm has invested over US$1.7bln dollars in Albania, more than doubled reserves and grown production to over 20,000 bopd.

The firm remains fully funded and cash generative, with margins of US$25 per barrel even with oil prices around US$50.

Tue, 17 Nov 2015 08:03:00 +0000
LWP’s Siegfried Konig brings fracking technology to Proactive's Luncheons ASX:LWP) is targeting the multi-billion dollar proppants sector through the development of its next generation technology. ]]> Thu, 17 Sep 2015 00:00:00 +0100 Nigeria’s new government ready to tackle corruption, says Oando Energy boss The chief executive of TSX-listed Oando Energy Resources, Olapade Durotoye, reckons Nigeria’s new government will be effective when it comes to reducing levels of corruption across the country.

Muhammadu Buhari won a March election with a promise to overcome corruption in the country of 177 million people and Durotoye is confident the new president will be effective.

Today Buhari said Nigeria's treasury is "virtually empty" and he had inherited millions of dollars worth of debt from the previous administration.

When it comes to Oando, Durotoye explains how the company is strengthening its balance sheet as a result of the low oil price environment and discusses last year’s acquisition of Nigerian Upstream Oil and Gas Business of ConocoPhillips.

Tue, 23 Jun 2015 12:58:00 +0100
Canadian Overseas Petroleum CFO on ‘significant’ tie-up with Shoreline Energy LON:COPL), explains the benefits of teaming up with Shoreline Energy to form a new venture that is expected to invest in new projects in Sub-Saharan Africa. COPL and Shoreline will each own 50% of the new vehicle which will be called Shoreline CanOverseas Petroleum Development Corporation (or ShoreCan). It has already secured assets in Tanzania and Namibia, and it is evaluating projects in Nigeria, Ghana and Mozambique.]]> Fri, 27 Feb 2015 15:30:00 +0000 Primeline Energy ‘looking at listing options’ CVE:PEH) are exploring the possibility of listing on another market. CEO Dr Ming Wang and CFO Stuart Joyner explain that investors should ‘watch this space’ as they speak with investors globally. They say the company is ‘on the cusp of big change’ as it starts commercial production over the coming months, which will give the group the funds needed to speed up its exploration efforts.]]> Tue, 14 Oct 2014 10:33:00 +0100 Serica Energy’s Craven Walker on Erskine stake acquisition Tony Craven Walker, the chairman and CEO of Serica Energy (LON:SQZ, TSE:SQZ), says the acquisition of BP’s 18% stake in the Erskine field ‘builds our central North Sea position’. Walker says that with the Scottish Referendum out of the way, people ‘can now focus on what needs to be done in the North Sea’. He says the company is looking at adding production through acquisitions.

Mon, 22 Sep 2014 08:49:00 +0100
Oando boss upbeat on Nigerian oil bill TSE:OER), Pade Durotoye, thinks the Petroleum Industry Bill (PIB) will not have a negative impact on the company. Oil majors are reportedly unhappy with the proposed fiscal terms in the long-awaited bill, but Durotoye says it will benefit companies of Oando's size. The bill has not hindered the group in its $1.65bn acquisition of ConocoPhillips' Nigerian upstream oil business -- a deal which was completed last week.]]> Wed, 25 Jun 2014 10:05:00 +0100 Marathon Oil's reinvention focused on upstream exploration and production NYSE:MRO) vice president for global exploration says since the company split two years ago it has reinvented itself from being a "relatively small major integrated company with downstream refineries to being purely focussed on upstream exploration and production." Herger says the key driver of the business is the 'unconventionals' primarily onshore. Production is over 100,000 barrels a day from 'essentially nothing' two years ago. Africa is a big focus for the company which is negotiating a production sharing contract in Gabon and eyeing potential in Africa's rift basins including Uganda and Sudan.]]> Wed, 25 Jun 2014 09:45:00 +0100 Noble Energy's Demarest explains benefits of diversification NYSE:NBL), explains how having a diversified portfolio can pay dividends. He says that after the Gulf of Mexico oil spill from BP's Deepwater Horizon rig, the company was almost instantly able to reallocate capital to its other projects. Demarest adds that diversity provides "protection against those black swans that come up that you can't predict".]]> Wed, 25 Jun 2014 09:30:00 +0100 Sasol: Gas-to-liquids 'has to be part of the equation' in Mozambique NYSE:SSL) has made strides in this area "that no other companies have", which stands it in good stead for when these huge gas reserves are commercialised.]]> Wed, 25 Jun 2014 09:18:00 +0100 Africa Oil's Walker: The best is yet to come Wed, 25 Jun 2014 09:04:00 +0100 PetroFrontier is approved for its 2014 program with JV partner Statoil CVE:PFC), speaks with Proactive Investors at the VRIC 2014. Mr. Scott discusses the company's joint venture partnership with Statoil, relaying that the Norwegian energy giant will be carrying PetroFontier 100% through its exploration program over the next three years. The 2014 program has been approved and will see the drilling of 5 wells, plus the fracking and testing of up to 3 wells, at no cost to PetroFrontier.]]> Mon, 03 Feb 2014 14:14:00 +0000 Longreach Oil & Gas says there will be exciting times for the company in 2014 CVE:LOI), says there will be exciting times for the company in 2014 amid "tremendous exploration effort" in Morocco.]]> Fri, 22 Nov 2013 08:28:00 +0000 Americas Petrogas' CEO reveals the upside of working in Argentina CVE:BOE) tells Proactive Investors, relations with the government of Argentina are "very good". The financial framework, meanwhile, provides a decent return from its oil and gas.]]> Wed, 20 Nov 2013 10:45:00 +0000 Longreach Oil & Gas focused on 'exciting' drill programme in October CVE:LOI), tells Proactiveinvestors that it is looking forward to a 'very exciting programme' of drilling starting in October. Andrew said it has the potential to be 'very significant' for shareholders, with the first well, Koba, a very sizeable onshore prospect, close to existing infrastructure and production.]]> Wed, 14 Aug 2013 14:46:00 +0100 Falcon Oil & Gas buys out Australian business ESM:FAC), tells Proactiveinvestors that while the deal dilutes shareholder value by 10.8%, there is an increase of 24.2% in the Australian business. Philip also explains that June will be a 'busy month' for the company.]]> Fri, 24 May 2013 14:17:00 +0100 Montana Exploration's acreage hosts a "fairway for oil exploration" within Shaunavon oil trend Fri, 26 Apr 2013 20:20:00 +0100 Fully-funded WesternZagros has "a lot of exciting news coming," says Simon Hatfield CVE:WZR) tells ProactiveInvestors about the company's upcoming drilling program, which includes three high potential, low-risk wells. Simon urges investors to look at WesternZagros' valuation in terms of its peers, as performance over the past two years has been exceptional, and a 60% increase in share price. Investors are encouraged to watch for upcoming drill results, a listing on the LSE, and political resolutions in Iraq to bring about a valuation change on the significantly discounted stock.]]> Wed, 24 Apr 2013 22:02:00 +0100 Falcon Oil & Gas does deals to progress diversified assets CVE:FO), tells Proactiveinvestors that the management speaks for itself and, with assets across three continents, it is well diversified. Philip talks about the new AIM listing and Falcon's strategy to find high value assets and increase shareholder value by bringing in high profile partners.]]> Fri, 22 Mar 2013 14:18:00 +0000