“Mosman will soon receive cash flow from these wells as they can be produced using existing production facilities"
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The company continues to focus on its evolution into an exploration and development business
A deal would potentially tee up an ‘exploration/appraisal’ well next year
The company, which extracts iodine from brine water, produced 134.4 metric tonnes of iodine in the opening three months of the year – its highest ever first-quarter total
The firm said under the agreement it would provide planning and engineering design services that would lead to a build contract and license for the use of its DMG technology
Production ended the year at a high point, thanks to the BKR acquisition and the restart of the Erskine operations in October
Whilst procedural, the news reaffirms Schlumberger's active participation in the Tendrara gas project
Tlou has seen a number of recent project milestones and it has now further strengthened its financial position
RBC keeps a positive view on BP, though now with an ‘outperform’ rating and an unchanged 625p target price (current price: 566p)
“The contracts secured allow for simultaneous drilling of prospects and immediate appraisal in the event of a discovery which could be transformational for the company"
For UKOG, the deals give it control over 'one of the best untested prospects in the Weald basin, for Europa and Union Jack, it provides an exit to a project stalled in the planning office
The company said Nick Tulloch is expected to join the firm in the second quarter of 2019, following his release from his current employment, with the date to be confirmed in due course
It means UJO can now concentrate on key focus areas in the East Midlands, Humber Basin and East Yorkshire
JP Morgan cut its rating on Centrica to ‘neutral’ from ‘overweight’ and lowered its target price to 125p from 150p
The new strategic investor may bring additional value to the company through his network, experience and access to capital
Ascent said the confirmation marks an important step forward for the field development plan
It's been a bumper week for news from AFC; a technological breakthrough announced earlier this week followed by a share issue, convertible loan note facility and results announced today
"Mosman is delighted with the results from Stanley, which are a strong endorsement of the original investment decision by the Mosman board"
The company has had a £275,000 capital injection and is mulling a potential new project in Texas.
Bensh has bought £275,000 of new Rose equity and the company is now looking at a potential new project in Texas.
“We remain fully on track to drill new horizontals in the second quarter of this year and are even more confident that the new Portland horizontal well can achieve its 720-1,080 bopd target,” said Stephen Sanderson
It is exploring deals at both asset level and at group level
A new asset acquisition changes the outlook for Chariot which now has a lower-risk path to cash-flow, to complement its high-risk and high impact frontier exploration ventures
The site, located on the Protos energy hub near Ellesmere Port in Cheshire, was expected to be the first full-scale commercial site for the company's DMG technology and an “important step” in its commercialisation strategy
The company said cores taken from the upper part of the Yamna sandstones and a preliminary interpretation of the open hole logs suggest that the entire section could potentially be oil bearing