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Energy

Mediterranean Oil & Gas and Dominion Petroleum to decide on Maltese farm out deal

Mediterranean Oil & Gas (LON:MOG) and Dominion Petroleum (LON:DPL) are discussing how to proceed with their Maltese farm out deal after Dominion failed to secure shareholder approval for a US$50 million placing. The fundraiser was rejected by Dominion shareholders yesterday....

on 26/7/11
Energy

Mediterranean Oil & Gas confident as outlook brightens

Mediterranean Oil & Gas (LON:MOG) is finally beginning to look ahead after a tumultuous 2010 that spilled over into the current year. The firefighting has abated, the company is looking forward to first production from its Guendalina field offshore Italy and its management re-energised after a boardroom......

on 14/7/11
Energy

Dominion Petroleum looks to deliver growth with US$55mln fundraiser

Dominion Petroleum has been eyed up by potential suitors recently but the company has rebuffed all advances and is determined to build value and deliver growth. A US$55mln fund raiser announced today should go some way to helping to advancing its aims, most notably through further development of its promising projects in......

on 24/6/11
Energy

London firms seal contracts as deepwater oil and gas boom reaches Kenya

East Africa has become prime real estate for the major international oil firms.  Last year saw major discoveries in Mozambique and a lot of drilling is planned in Tanzania in 2011. Now Kenya has signed up London listed oil firms for what are being described as some of the last and best new licensing opportunities in the......

on 18/5/11
Energy

Cashed-up Providence is Ambrian top pick

Providence Resources is about to begin the most extensive campaign in Irish exploration and appraisal drilling history, according to broker Ambrian, which features the firm among its "favoured picks" of the UK-listed junior oil and gas firms...

on 10/5/11
Energy

Dominion Petroleum: Investors eye Block 7 farm-out while major neighbours boost prospects

The junior oil explorer can thank some of its larger neighbours in East Africa for a steady stream of news that has helped highlight the potential of Dominion's assets in Tanzania. A lot of investors are likely to focus on the outcome of any talks over Block 7, which hosts a 1 billion barrel oil equivalent......

on 17/3/11
Energy

Dominion Petroleum in talks over new offshore licence blocks in Kenya

The Africa-focused oil junior is understood to be in advanced discussions with the Kenyan authorities regarding new offshore exploration licences. The East Africa oil frontier is tempting many resource firms, big and small, with BG Group also believed to be interested in the Kenyan licences near Anadarko Petroleum’s......

on 4/2/11