Proactiveinvestors United Kingdom - Energy RSS feed Proactiveinvestors United Kingdom - Energy feed en Fri, 19 Jan 2018 09:40:58 +0000 Genera CMS Tullow Oil and Eco Atlantic Oil & Gas commit to Guyana exploration project Thu, 18 Jan 2018 15:39:00 +0000 Europa and Union Jack Oil boosted by Egdon’s decision to make new planning application for Wressle oil project Thu, 18 Jan 2018 07:28:00 +0000 Hurricane Energy advances premium listing plans, updates on corporate governance changes Wed, 17 Jan 2018 15:45:00 +0000 Haydale takes next step in commercialisation of its anti-counterfeiting technology Wed, 17 Jan 2018 15:35:00 +0000 Empyrean Energy: Gas production starts at Dempsey well Wed, 17 Jan 2018 08:02:00 +0000 Eland Oil & Gas preparing to start producing from Opuama-8 well Wed, 17 Jan 2018 07:48:00 +0000 HaiKe Chemical plunges as it mulls AIM cancellation after torrid 2017 Tue, 16 Jan 2018 12:34:00 +0000 BP to take a charge of around US$1.7bn in fourth quarter for 2010 Deepwater Horizon spill Tue, 16 Jan 2018 11:10:00 +0000 Touchstone Exploration preparing new well locations to deliver further production growth Tue, 16 Jan 2018 07:23:00 +0000 Shell approves first major North Sea project in six years with Penguins development Mon, 15 Jan 2018 14:51:00 +0000 Iofina eyeing further production upgrades with IO#5 plant Mon, 15 Jan 2018 11:24:00 +0000 Johnson Matthey boosted by Berenberg upgrade to ‘buy’, thinks battery opportunity in "for free” Mon, 15 Jan 2018 11:10:00 +0000 USOP lands drill permits for new Nevada oil wells Mon, 15 Jan 2018 07:47:00 +0000 SDX Energy kicks off fifth well in Morocco campaign Mon, 15 Jan 2018 07:24:00 +0000 Premier Oil’s positive trading update welcomed in the City Thu, 11 Jan 2018 15:18:00 +0000 Capacity surge boosts revenues for India-based renewable energy group Mytrah Thu, 11 Jan 2018 11:26:00 +0000 Rockhopper Exploration shares rise on Falkland project progress Thu, 11 Jan 2018 10:17:00 +0000 Premier Oil’s Catcher field marked a successful end to 2017 Thu, 11 Jan 2018 08:14:00 +0000 ADES International extends key rig contracts in Gulf of Suez Thu, 11 Jan 2018 07:36:00 +0000 Tullow Oil shares rise after expectation beating cash flow generation Wed, 10 Jan 2018 09:45:00 +0000 Curzon Energy ready for extensive well tests at Coos Bay coal bed methane project Wed, 10 Jan 2018 07:28:00 +0000 Obtala set to join sustainable timber processing joint venture in Mozambique Tue, 09 Jan 2018 14:55:00 +0000 UK Oil & Gas Investments reports partial conversion of debt into equity Tue, 09 Jan 2018 11:41:00 +0000 Barclays predicts a re-rating for Shell shares Tue, 09 Jan 2018 11:08:00 +0000 Mayan Energy updates as Texas workover programmes kick off Tue, 09 Jan 2018 11:04:00 +0000 PowerHouse Energy Group PLC's technology reflecting the zeitgeist Tue, 09 Jan 2018 07:31:00 +0000 SDX Energy puts expectation-beating Morocco well into production Tue, 09 Jan 2018 07:26:00 +0000 There may be long term silver linings for Victoria Oil & Gas - expert Mon, 08 Jan 2018 15:08:00 +0000 Aminex advances preparations for new wells onshore Tanzania Mon, 08 Jan 2018 14:55:00 +0000 SOCO International confirms its talking with Kuwait Energy over possible merger Mon, 08 Jan 2018 12:26:00 +0000 Europa Oil & Gas welcomes new planning application for Wressle Europa Oil & Gas Plc (LON:EOG) alongside Union Jack Oil PLC (LON:UJO) and project operator Egdon Resources Plc (LON:EDR) have told investors they'll now be making a new planning application to the North Lincolnshire council seeking consent for the Wressle field development.

It comes after the planning inspectorate earlier this month rejected appeals made by Egdon and its partners following prior planning refusals by the council.

Europa chief Hugh Mackay tells Proactive's Andrew Scott he reckons they've got a strong case.

''We believe we can address all issues relevant to the development of Wressle to the satisfaction of the planners and that's what we'll be doing''.

Thu, 18 Jan 2018 10:44:00 +0000
Haydale Graphene signs supply agreement for its anti-counterfeiting technology Ray Gibbs, chief executive of Haydale Graphene Industries PLC (LON:HAYD), tells Proactive they've entered into a commercial supply and development agreement with Australia-listed Talga Resources.

The tie-up will see the two work together to produce, market and sell jointly-developed transparent conductive ink products using graphene for industrial applications in Asia.

The two companies – which have been working together for a few years now – will look to enhance the properties of Haydale’s graphene-based, transparent conductive ink by using Talga’s highly conductive graphitic materials.

Wed, 17 Jan 2018 13:24:00 +0000
Iofina's new IO#7 IOsorb plant to come online within weeks Tom Becker, chief executive of Iofina plc (LON:IOF), tells Proactive their new IO#7 IOsorb plant is nearly complete and should be online next month.

Chatting to Andrew Scott the iodine extractor confirmed that crystalline iodine production in the second half of 2017 exceeded expectations, clocking in at 267.5 tonnes, versus 216.6 tonnes in the same period of 2016.

Mon, 15 Jan 2018 14:34:00 +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
Curzon Energy excited about well tests at Coos Bay project Curzon Energy (LON:CZN) is ready for extensive well tests at Coos Bay coal bed methane project. Executive Director Thomas Wagenhofer tells Proactive how they will now be able to produce wells at better test rates. A five well workover programme has now been completed and outcomes have so far “completely correlated” with the pre-programme technical work, both on time and on budget. Sand and coal was removed from all five wellbores, and old down-hole equipment was also removed. Thomas says over the next few weeks they want to determine if wells can become commercially viable to kick the company off to phase 2, to design up to 58 models in the field.

Fri, 12 Jan 2018 12:26:00 +0000
Solo Oil chief hails Aminex progress in Tanzania Solo Oil PLC (LON:SOLO) Executive Chairman Neil Ritson describes himself himself as ' really happy' with forward progress for the group’s 25% owned Ntorya gas project, onshore Tanzania.
Aminex, project operator and 75% owner of Ntorya, this morning told investors that it is “actively engaged” with the Tanzanian authorities and with third-party engineering firms, in the advanced stages of planning for the Ntorya-3 well. News here too on processing the legacy seismic on Helium One and at Horse Hill, where timing of long term tests are underway shortly.

Mon, 08 Jan 2018 13:45:00 +0000
Aminex releases operations update Aaron LeBlanc, COO of oil and gas company Aminex (LON:AEX) talks Proactive through developments at the Ntorya 1/2/3 wells in Tanzania. The new operations, Aaron explains, will enable Aminex to exploit further multiple leads and assets there in the very near future. See Kiliwani North well updates here too, particularly on a significant recharge happening at the reservoir close to the well bore. Aaron also sets out forward plans for 2018/19 during which time he predicts higher production rates and enhanced profitability.

Mon, 08 Jan 2018 08:36:00 +0000
Good news flowing to SDX from Morocco Paul Welch CEO of SDX (LON:SDX, CVE:SDX) brings Proactive up to date with flow testing on their three wells drilled in Morocco...all contributing significantly now to SDX's infrastructure and supply ambitions for 2018. Additionally, the company has now secured a four-month extension to the current phase of the Lalla Mimouna permit, also onshore Morocco, through to July 22 so that it will have sufficient time to evaluate the outcome of an upcoming exploration drilling campaign. Exploration work is due to start at Lalla Mimouna in March 2018.

Thu, 04 Jan 2018 12:02:00 +0000
Active Energy Group completes CoalSwitch testing Forestry management company Active Energy Group PLC (LON:AEG) has successfully completed the initial testing of its five tonne per hour CoalSwitch biomass fuel plant in Utah. CEO Richard Spinks tells Proactive how this proves the technology is scalable to full commercial production and gives us the latest updates on projects in Newfoundland, Labrador and Alberta.

Tue, 02 Jan 2018 12:40:00 +0000
Ades CEO breaks game-changing new Arabian Gulf rig news Dr. Mohamed Farouk, CEO of Ades International Holding (LON:ADES) tells Proactive why the latest PSA for 3 operational off shore jack up rigs in the Arabian Gulf is significant for the company and how far progressed the new deal is.
Ades is an oil/gas drilling and production services provider in the Middle East and Africa offering offshore and onshore contract drilling as well as workover and mobile offshore production unit services. From its base in Egypt, Ades sees it's growth strategy and performance going forward as serving Tier One clients and using the very latest innovative drilling technology to enhance both worker safety and shareholder satisfaction.

Wed, 20 Dec 2017 15:22:00 +0000
Echo Energy keen to accelerate exploration following transformational Argentinian acquisition Fiona MacAulay, chief executive of Echo Energy Plc (LON:ECHO), updates Proactive's Andrew Scott a day after they resumed trading following the release of an admission document on the proposed acquisition of assets in Argentina.

Echo is acquiring 50% stakes in three concessions - Fracción C, Fracción D and Laguna De Los Capones – as well as 50% in the Tapi Aike exploration permit.

Together this spans some 11,153 square kilometres in Argentina’s Santa Cruz province.

Echo says the transaction will give them “a compelling blend of multi tcf (trillion cubic feet) exploration potential, appraisal and production.”

Tue, 19 Dec 2017 13:04:00 +0000
Echo Energy resumes trading on AIM after proposed Argentinian acquisition Oil & gas commentator Malcolm Graham-Wood caught up with Proactive's Andrew Scott after Echo Energy Plc (LON:ECHO) resumed trading on London’s AIM market.

The move follows the release of an admission document on the proposed acquisition of assets in Argentina.

Graham Wood also talks through developments with Hurricane Energy PLC (LON:HUR), SDX Energy Inc (LON:SDX, CVE:SDX) and President Energy PLC (LON:PPC).

Plus, on his stocks to watch list for 2018: Reabold Resources (LON:RBD) and Savannah Petroleum PLC (LON:SAVP)

Mon, 18 Dec 2017 12:39:00 +0000
SDX Energy now exceeding daily Morocco commitments from just two wells Paul Welch, chief executive of SDX Energy Inc (LON:SDX CVE:SDX), tells Proactive the KSR-15 well, at the Sebou field onshore Morocco, has now been tested and put on production.

The well yielded into the sales line a restricted average rate of 7.52mln cubic feet of gas per day during the testing phase.

Welch says excitingly they now have two wells that exceed their current daily commitments of 6 MMscfd on a stand-alone basis.

Fri, 15 Dec 2017 13:04:00 +0000
Europa Oil & Gas reckons there's 2.5 TCF potential in Slyne basin Hugh Mackay, chief executive of Europa Oil & Gas Holdings Plc (LON:EOG), tells Proactive they've identified the potential for more than 2.5 trillion cubic feet of gas in their exploration area, in the Slyne basin, next to Ireland’s Corrib field.

Corrib is Ireland’s largest producing offshore gas field, with significant infrastructure to shore, and the AIM quoted explorer is assessing the nearby area for new discoveries.

Wed, 13 Dec 2017 09:07:00 +0000
Touchstone funding news positive following strong drilling results Paul Baay CEO of Touchstone Innovations Plc (LSE:TXP, TSE:TXP)  talks Proactive through today's positive fundraising announcement and how drilling is going WAY better than expected in Trinidad...which in turn boosts their lucky hand... up from 4 to 10 wells.
Touchstone is a Calgary-based company acquiring petroleum and natural gas rights as well as conducting exploration, development, production and sale of petroleum/natural gas. Paul also gives us detail on his future vision for Touchstone.

Fri, 08 Dec 2017 15:46:00 +0000
Zotefoams plc creating truly unique and unrivalled plastic foam materials David Stirling, chief executive of Zotefoams Plc (LON:ZTF), tells Proactive they're a maker of high-end plastic foam materials.

''When you're making a foam two things matter - what plastic you start with and your foaming process''.

''Almost all of our business centres around using that unique process which is based around high pressure gas technology''.

Stirling adds: ''We're the only people in the world using it and 80% of our sales are from products which are highly differentiated because of that''.

Thu, 07 Dec 2017 10:25:00 +0000
Hurricane Energy CEO looks ahead to critical year with excellent team in place Hurricane Energy PLC (LON:HUR) chief executive Robert Trice tells Proactive that the development of its Lancaster field is running to schedule.
Speaking at World Oil & Gas Week 2017 in London, Trice says: "All is on track, no complaints."
First oil from Lancaster remains on track for the first half of 2019, while a competent person's report is due out in the next couple of weeks for Halifax, Lincoln and Warwick.
Tue, 05 Dec 2017 14:45:00 +0000
Tullow Oil "really excited" by Ghanaian assets after recent production target increase Tullow Oil plc (LON:TLW) executive director Angus McCoss speaks to Proactive at World Oil & Gas Week 2017 in London.
He tells Andrew Scott that the company is "really excited" by its Jubilee and TEN assets in Ghana after recently upping its annual production forecasts.
"We revised our production numbers up to 85,000-89,000 barrels per day.
"The lion's share [of that] does come from Ghana...and we were really pleased to see strong production performance from those assets [Jubilee and TEN]."
Tue, 05 Dec 2017 14:15:00 +0000
President Energy coming up trumps in 'flavour of the year' Argentina Peter Levine, chief executive of President Energy PLC (LON:PPC), joins Proactive's Andrew Scott at World Oil & Gas Week 2017 in London.

He says President is keeping an eye out for potential acquisitions in Argentina - a region Levine describes as the "flavour of the year".

"The political environment is better, the economic environment is better - a member of the G20.

"This is now the flavour of the year, or the flavour of the next two or three years, in South America. So the environment is good and that's why we're certainly encouraged by looking to expand."

Tue, 05 Dec 2017 11:50:00 +0000
Aminex shareholders remain supportive despite price drift Jay Bhatercherjee CEO of the Africa-focussed oil and gas company Aminex (LON:AEX) talks Proactive through the recent share price drift and says Aminex is now in a much better place.
Listed on the London Stock Exchange and primary-listed on the Irish Stock Exchange Aminex has a world class asset base with proven reserves and a route to monetisation for all its assets. Jay tells Proactive how 2018 looks set to pan out.

Tue, 05 Dec 2017 11:21:00 +0000
Chariot Oil & Gas boss looks ahead to 'exciting' 2018 Chariot Oil & Gas Limited (LON:CHAR) boss Larry Bottomley updates investors at World Oil & Gas Week 2017 in London.
He talks to Andrew Scott about the "scale and the magnitude" of the company's various assets in Morocco, Namibia and Brazil and looks ahead to what he expects will be an "exciting" 2018.
"It's a very exciting year [ahead]. We see the Rabat Deep-1 [exploration well in Morocco] as the focus, we've got data rooms open in our other licences, we're looking to drill prospect S in the central blocks in the second half of next year, [and] there'll be third-party drilling at the same time," Bottomley says.
Tue, 05 Dec 2017 11:00:00 +0000
Return to all-cash divi shows Shell is 'more confident in overall picture' of oil sector Marc Gerrits, Royal Dutch Shell's VP Exploration, speaks to Proactive at the Oil & Gas Week 2017 in London.
He says the recent return to an all-cash dividend shows that the supermajor is "more confident" in the industry as a whole.
"We have taken BG through the transition, we've divested nearly US$30bn of assets that we had committed to, and we are more confident in the overall picture [of the oil industry] than we were before."
Tue, 05 Dec 2017 08:45:00 +0000
Solo Oil brimming with confidence on Helium One investment Solo Oil (LON:SOLO) Chairman Neil Ritson gives Proactive the lowdown on today's investor update and explains why, heading into 2018, Solo Oil is the one to watch.
Of particular note, Neil highlighted major progress for their Helium One investment in Tanzania where the group has been working to advance potential drill locations. Operations have involved soil and seep geochemistry data, and work designed to enhance and reprocess existing seismic data in order to gain more detailed structural and stratigraphic mapping. ('Stratigraphic' wins today's Word of the Day...thanks Neil.)

Mon, 04 Dec 2017 15:43:00 +0000
Eco Atlantic boss expects "very successful alliance" with Africa Oil Corp Eco Atlantic Oil & Gas Ltd (LON:ECO) boss Gil Holzman catches up with Proactive at World Oil & Gas Week 2017 in London.
As well as recent progress and what to look out for in 2018, Holzman discusses the recent tie-up with Africa Oil Corp which he believes will bear fruit in the coming year.
"Eco will enjoy incredible technical and financial horse power that Africa Oil Corp can bring to the table," says Holzman.
"I think this partnership will prove itself in the next year as a very successful alliance between between these two companies."
Mon, 04 Dec 2017 14:45:00 +0000
Rose Petroleum boss hails "excellent" 3D seismic data from Paradox basin Matthew Idiens, chief executive of Rose Petroleum PLC (LON:ROSE), speaks to Proactive at World Oil & Gas Week 2017 in London.

Idiens tells Andrew Scott that initial results from the recent 3D seismic exploration programme in the Paradox basin, Utah have been "excellent".

Processing of the full seismic data is ongoing, albeit ‘now nearing completion’, though Rose is pleased with the results seen thus far.

"The quality of the data is excellent and that's key when you're trying to be as specific as you can in order to bring your drilling costs down," says Idiens.

Mon, 04 Dec 2017 14:15:00 +0000
Curzon Energy's Coal Bed Methane project update Director at Curzon Energy (LON:CZN) Thomas Wagenhofer is super excited about the progress so far at the Coos Bay asset in Oregon, U.S. and  explains to Proactive how with the ground work now done,  the fun part is next. If you're a 'wait and see' investor, Thomas outlines why you should take a position on Curzon as well as de-mystifying exactly what CBM is all about.
Curzon Energy launched on the London Stock Exchange in October 2017 and are on track to deliver the first gas and revenues in Q2 2018.

Mon, 04 Dec 2017 10:50:00 +0000
PowerHouse Energy hits major milestone with pre-FEED completion Keith Allaun, chairman of PowerHouse Energy Group plc (LON:PHE), caught up with Proactive after wrapping up the first stage of the design of a scalable commercial UK waste-to-hydrogen system.

The pre-Front end Engineering and Design (FEED) incorporates Powerhouse’s DMG technology to convert syngas produced from industrial waste into road-fuel-quality hydrogen for use in gas-powered vehicles.

Mon, 04 Dec 2017 07:42:00 +0000
Kopy Goldfields to publish feasibility study on Krasny project next year Mikhail Damrin brought Proactive up to speed on developments at Kopy Goldfields (NASDAQ:KOPY) at Mines & Money 2017.

He told Proactive Investors’ presenter Andrew Scott they're looking to publish a feasibility study on their most advanced project, Krasny, by the end of 2018.

For more videos from Mines & Money 2017 go to

Tue, 28 Nov 2017 22:16:00 +0000
Haydale Graphene 'on track' with an increased focus on commercialisation Ray Gibbs, chief executive of Haydale Graphene Industries PLC (LON:HAYD), dropped into the Proactive Investors studio for a catch up following the announcement that they've filed a new patent application in the UK for their anti-counterfeiting technology.

The tech uses proprietary software codes and a specialty graphene-based, transparent conductive ink.

Gibbs says the filing of the application is important as it allows them to begin discussions on potential commercial applications of the technology.

Thu, 23 Nov 2017 14:20:00 +0000
Tlou Energy keen to expand ownership of the company in Botswana Tony Gilby, managing director of  Tlou Energy Ltd (LON:TLOU, ASX:TOU), discusses with Proactive's Andrew Scott their decision to list on the Botswana Stock Exchange as well as their new cornerstone investor - asset manager African Alliance Botswana.

Funds managed by African Alliance have agreed to subscribe for roughly 21.2mln new Tlou shares at about 11p or 20 Australian cents a share

Wed, 22 Nov 2017 10:36:00 +0000