Proactiveinvestors United Kingdom - Oil & Gas RSS feed Proactiveinvestors United Kingdom - Oil & Gas feed en Fri, 19 Jan 2018 09:41:35 +0000 Genera CMS Touchstone Exploration preparing new well locations to deliver further production growth Tue, 16 Jan 2018 07:23:00 +0000 Curzon Energy ready for extensive well tests at Coos Bay coal bed methane project Wed, 10 Jan 2018 07:28:00 +0000 Solo Oil welcomes Tanzania project update from Aminex Mon, 08 Jan 2018 07:38:00 +0000 Green Dragon Gas relaunches as G3 Exploration Wed, 03 Jan 2018 08:43:00 +0000 Providence Resources and Lansdowne Oil & Gas shares soar as Barryroe excitement resurfaces Tue, 02 Jan 2018 10:00:00 +0000 Providence Resources and Lansdowne Oil & Gas closer to Barryroe farm-out with signing of exclusivity deal Thu, 28 Dec 2017 08:18:00 +0000 United Oil and Gas shares rise on share placing and well progress Wed, 20 Dec 2017 09:39:00 +0000 Tlou Energy updates on Botswana CBM drill progress Tue, 19 Dec 2017 08:12:00 +0000 Curzon Energy updates on progress at Coos Bay coal bed methane project Wed, 13 Dec 2017 07:49:00 +0000 Touchstone Exploration raises £3mln to more than double Trinidad drill programme Fri, 08 Dec 2017 11:41:00 +0000 Green Dragon Gas to split, production business set to IPO in Hong Kong Wed, 06 Dec 2017 09:18:00 +0000 Curzon Energy advancing Coos Bay well workovers Wed, 06 Dec 2017 07:27:00 +0000 Solo Oil highlights ‘technical progress’ for Helium One in Tanzania Mon, 04 Dec 2017 14:35:00 +0000 Genel Energy shares rise on new Taq Taq well success Mon, 04 Dec 2017 08:54:00 +0000 Diversified Gas & Oil acquires producing wells in Ohio Fri, 01 Dec 2017 08:03:00 +0000 Touchstone Exploration says new wells continue to deliver better-than-expected results Tue, 28 Nov 2017 07:48:00 +0000 Tlou Energy completes 2D seismic programme for Botswana coal bed methane project Tue, 28 Nov 2017 07:37:00 +0000 Curzon Energy inks rig contract for Coos Bay workovers Mon, 27 Nov 2017 07:45:00 +0000 Tlou Energy secures new cornerstone investor as it announces plans to list in Botswana Mon, 20 Nov 2017 10:22:00 +0000 Solo Oil unveils US$5mln convertible debt funding Tue, 14 Nov 2017 11:00:00 +0000 Touchstone Exploration reveals improved performance for third quarter Tue, 14 Nov 2017 07:57:00 +0000 Deutsche Bank cautions over Genel Energy Kurdistan risks Mon, 13 Nov 2017 10:53:00 +0000 Genel Energy says well-drilling obligation dropped from Sidi Moussa well in Morocco Thu, 09 Nov 2017 10:08:00 +0000 Tlou Energy advancing operations towards project development at Lesedi Tue, 07 Nov 2017 07:43:00 +0000 Aminex and Solo Oil temporarily reduce output from Tanzania gas field Mon, 06 Nov 2017 15:29:00 +0000 Providence Resources gets consent to transfer Celtic Sea interests Thu, 02 Nov 2017 08:21:00 +0000 Saffron Energy names Sara Edmonson as chief executive as Sound Energy deal advances Tue, 31 Oct 2017 07:53:00 +0000 Providence Resources details new Barryroe drill programme Tue, 31 Oct 2017 07:27:00 +0000 Diversified Gas & Oil trading in line with market forecasts after Titan acquisition Mon, 30 Oct 2017 15:16:00 +0000 Green Dragon Gas extends debt maturities as it works towards Hong Kong IPO Mon, 30 Oct 2017 10:08:00 +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
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
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
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
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
Solo Oil secures additional US$5mln convertible debt funding deal Neil Ritson, chief executive of Solo Oil PLC (LON:SOLO), talks Proactive through their new US$5mln convertible debt funding deal with institutional investor Riverfort Global Capital.

Riverfort is providing an initial US$1.5mln and the timings of further draw-downs at the company’s sole election.

Tue, 14 Nov 2017 08:20:00 +0000
Diversified Gas & Oil already seeing start of operational efficiencies from Titan acquisition Rusty Hutson, chief executive of Diversified Gas & Oil plc (LON:DGOC) tells Proactive their acquisition of assets from Titan Energy is now wholly complete and overall trading remains in-line with current market forecasts.

The acquisition means the company now operates around 17,000 wells and it is optimising asset performance whilst reducing costs.

Tue, 31 Oct 2017 08:39:00 +0000
Tlou Energy very encouraged by early data from Botswana seismic programme Tony Gilby, managing director of Tlou Energy Limited (LON:TLOU), updates Proactive on their ongoing seismic programme in Botswana, which is now about 40% complete.

The 2D seismic programme, spanning the Lesedi and Mamba coal bed methane areas, kicked off on October 8.

Wed, 25 Oct 2017 10:41:00 +0100
Curzon Energy 'to become a multi asset international oil and gas company' Thomas Wagenhofer, director at Curzon Energy Plc (LON:CZN) caught up with Proactive on the day the firm began trading in London.

Curzon currently has one asset in Coos Bay, Oregon.

The area's home to around 45,000 acres of known CBM gas accumulations.

Curzon's the sole owner and operator of the project.

Thu, 05 Oct 2017 05:55:00 +0100
Green Dragon Gas now has 'very specific execution plan' on all exploration blocks Randeep Grewal, chairman of Green Dragon Gas Ltd (LON:GDG), discusses with Proactive's Andrew Scott three new supplementary agreements that have been signed between its subsidiary Greka Energy and China United Coalbed Methane Corporation (CUCBM).

The deals confirm that exploration activities can begin for three blocks in China.

The new agreements with CUCBM, a unit of state backed CNOOC, will allow the partners to advance operations across the Fengcheng (GFC), Qinyuan (GQY) and Panxie East (GPX) Blocks.

Additionally, the proposed exploration period has been extended until the second quarter of 2019.

Wed, 04 Oct 2017 09:55:00 +0100
Green Dragon to proceed with 'robust' gas sales after finalising CNOOC agreement Randeep Grewal, chairman of Green Dragon Gas Ltd (LON:GDG), tells Proactive that the state-backed China National Offshore Oil Corporation (CNOOC) is accelerating plans for the group’s joint assets.

Green Dragon's now finalised a memorandum of understanding with CNOOC subsidiary, China United Coalbed Methane Corporation (CUCBM), over five production sharing agreements and two supplementary agreements – all of which cover the Shizhuang South (GSS) and Shizhuang North (GSN) projects.

Thu, 21 Sep 2017 13:07:00 +0100
Tlou Energy's Request for Proposal submission 'the culmination of a great deal of work' Tlou Energy Limited's (LON:TLOU) managing director Tony Gilby and executive director Gabaake Gabaake discuss with Proactive's Andrew Scott their submission of a response to the Botswana government’s Request for Proposal (RFP) regarding a proposed coal bed methane project.

Tlou was one of two companies to submit responses to the government’s RFP, and the submission will be assessed against eligibility, technical and funding criteria.

Thu, 21 Sep 2017 12:54:00 +0100
Touchstone Exploration planning to drill a further four wells in Trinidad Paul Baay, president and chief executive of Touchstone Exploration Inc. (LON:TXP TSX:TXP), tells Proactive Investors they're looking to drill a further four wells this year in Trinidad after a programme earlier this year boosted production by more than predicted.

The Aim and Canada-listed group made total sales in July and August of 1,349 and 1,591 barrels per day respectively.

Thu, 14 Sep 2017 08:24:00 +0100
Diversified Gas & Oil's Hutson: 'Pro-forma the bottom line was up 1000%' Diversified Gas & Oil plc's (LON:DGOC) Rusty Hutson says dividend is key to strategy as acquisitions send costs tumbling and production soaring.

Mon, 11 Sep 2017 16:14:00 +0100
Horse Hill approaching key phase after green light for extended flow test The independent oil & gas analyst Barney Gray discusses with Proactive the news that the Horse Hill oil project has been approved for an extended flow test by the Environment Agency.

Stakeholders UK Oil & Gas Investments PLC (LON:UKOG) and Solo Oil PLC (LON:SOLO) confirmed that the approval will allow the programme to test the HH-1 well, as well as drill a side-track to HH-1 and the new HH-2 well.

Fri, 08 Sep 2017 13:38:00 +0100
Solo Oil boss delighted with estimated Ntorya gas resources boost Neil Ritson, chief executive of Solo Oil PLC (LON:SOLO) described as 'fantastic' the boost for its flagship Tanzania gas project - where partner Aminex plc (LON:AEX) almost tripled its estimate of gas resources.

Aminex told investors that its new estimate sees some 1.3 trillion cubic feet of gas initially in place at the Ntorya project, up from prior estimates of 466 billion cubic feet.

Solo Oil owns a 25% interest in the gas discovery.

Mon, 04 Sep 2017 15:12:00 +0100
New mining licence in Botswana de-risks Tlou Energy's CBM project The first ever gas-to-power mining licence to be granted in Botswana has sent TLOU ENERGY (LON:TLOU) shares jumping as the Lesedi coalbed methane project moves from appraisal to development.

TLOU ENERGY CEO Tony Gilby explains how the thorough appraisal process has derisked implementing the development stage of the project which can now begin.

The issuing of the licence will pioneer a new and exciting natural CBM gas industry in Botswana leading to much-needed investment and local employment. It also bodes well for another proposal still in the pipeline for a CBM-fuelled pilot power project.

Thu, 24 Aug 2017 11:05:00 +0100
Tlou Energy's Lesedi application 'a significant de-risker' for their CBM project - Tony Gilby Tony Gilby, managing director of Tlou Energy Ltd (LON:TLOU) talks Proactive through the lodging of their application to the Botswana authorities for the company’s Lesedi coal bed methane development project.

Tue, 04 Jul 2017 10:32:00 +0100
First power from Botswana CBM 'a very significant development' for Tlou Energy Tony Gilby, managing director of Tlou Energy Limited (LON:TLOU) tells Proactive they've achieved ‘first power’ from their coal bed methane (CBM) project in Botswana.

Tue, 20 Jun 2017 10:59:00 +0100
Tip TV: Diversified Gas & Oil targeting as much as 100p in next few months Zak Mir takes a look at Diversified Gas & Oil plc (LON:DGOC) after the company confirmed it's secured US$35mln in a heavily oversubscribed share placing.

Alongside a US$110mln loan facility, the funds will help the group advance its proposed acquisition of producing assets in the United States.

Fri, 16 Jun 2017 09:08:00 +0100
2016 'a great year for us overall', says Diversified Gas & Oil's Rusty Hutson Rusty Hutson, CEO of Diversified Gas & Oil plc (LON:DGOC) talks Proactive's Andrew Scott through their 2016 results as well as their recent ‘transformational’ acquisition of assets in North America’s Appalachian Basin.

Mon, 12 Jun 2017 16:00:00 +0100
Solo Oil 'at a very important point in its development' - exec chairman Neil Ritson Neil Ritson, executive chairman of Solo Oil (LON:SOLO) tells Proactive's Andrew Scott: ''We're beginning to capitalise on the investments we've made over the years and seeing a lot of progress''.

Ritson also discusses Kiliwani North, Ntorya-2, Horse Hill plus their recent Helium addition to the portfolio.

Mon, 12 Jun 2017 08:20:00 +0100
Green Dragon Gas' Randeep Grewal on their 'very exciting' asset development plans Randeep Grewal, founder and chief executive of Green Dragon Gas Ltd (LON:GDG) caught up with Proactive to add more detail around their overall development plans for 2017/18 as well as their intention of a Hong Kong listing.

Fri, 02 Jun 2017 12:49:00 +0100
Lesedi 'progressing very well' - Tlou Energy's Tony Gilby Tony Gilby, managing director of Tlou Energy Limited (LON:TLOU) updates Proactive on developments at their Lesedi project in Botswana.

''We have the only independently certified gas reserves and resources in the entire country of Botswana and we're the only company with a full upstream environmental approval as well to go into further development''.

Tue, 23 May 2017 13:45:00 +0100
Tlou Energy's Colm Cloonan 'absolutely delighted' with A$6.7mln funding Colm Cloonan, finance director at Tlou Energy Limited (LON:TLOU) talks through with Proactive's Andrew Scott the response to their A$800,000 raising of new capital through their share purchase plan (SPP).

They also separately raised a further A$700,000 after additional requests for new shares.

The Botswana focussed coal bed methane (CBM) group in March raised A$5.2mln (£3.1mln) of new capital through a share placing taking cash proceeds to A$6.7mln.

Money will be spent on new 2D seismic data for areas deemed to be highly prospective, and the company also plans to drill a limited number of new vertical wells (down to 500 metres) to gather core for analysis.

Fri, 28 Apr 2017 10:35:00 +0100
Solo Oil's Fergus Jenkins on 'major upgrade' to gas in place estimates for Ntorya Fergus Jenkins, Solo Oil PLC's (LON:SOLO) chief operating officer, outlines to Proactive their view of the Ntorya gas project’s contingent resources.

The Ntorya discovery is now estimated to have some 466 BCF of mean gas initially in place (GIIP), up from the previous estimate of 153 BCF. The new estimates range from 62 BCFin the more conservative P90 case to 1.13 trillion cubic feet (TCF) in the P10 scenario.

It follows the successful Ntorya-2 well, drilled earlier this year, with the latest estimates now based upon data from two wells. The estimates do not include any consideration for the adjoining exploration acreage.

Tue, 25 Apr 2017 14:49:00 +0100
'An exciting time for Green Dragon Gas', says chairman following GCZ development plan approval Randeep Grewal, chairman and founder of Green Dragon Gas Ltd. (LON:GDG) tells Proactive their development plan for the Qinshui Basin Chengzhuang Cooperative CBM Block (GCZ) has been approved by the Consultation Center of China National Petroleum Corporation (CNPC).

''What the plan does is allow us to get on with the execution ... with our close working partners CNPC over 2017/2018'', Grewal says.

''It's quite an exciting time for Green Dragon ... we've been waiting on this for quite a long time''.

Tue, 18 Apr 2017 15:28:00 +0100
Can Tlou Energy break 10p before June? Zak Mir certainly thinks so. The technical analyst is tipping the Tlou Energy Ltd (LON:TLOU) share price to add more than 50% in a matter of weeks.

“We had a decent technical signal in July with a gap higher through the 50-day moving average and since then, the 6p zone has come in as support,” explains Mir in the latest Proactive Investors Bulletin Board.

“We’ve got an uptrend line from this time last year…and while we’re above that line a re-test of February resistance through 10p is possible over the next one to two months.”

Tue, 04 Apr 2017 10:30:00 +0100
'We've learnt a lot of hard lessons and reined back the business', says Cloudbuy's David Gibbon David Gibbon, CFO of CloudBuy (LON:CBUY) tells Proactive they've learnt some hard lessons in 2016.

Gibbon says the focus now is on projects that have a larger upfront fee, as this mitigates the risk for cloudBuy and provides a larger incentive for the customer to continue through to the transaction revenue phase.

Thu, 23 Mar 2017 12:59:00 +0000