LekOil (LON:LEK) kicked off the week by telling investors its main focus of 2015 is the development and monetisation of the Otakikpo field, though chief executive Lekan Akinyanmi said he sees other opportunities to grow.
Monday saw Eland Oil & Gas (LON:ELA) shares advance after its 45% owned associate Elcrest received confirmation that it can become the operator of the OML 40 asset in Nigeria for at least ten years.
Circle Oil (LON:COP) told investors it has successfully tested the SAH-W1 well which was drilled last year on the Sebou permit, onshore Morocco.
On Tuesday, Europa Oil & Gas (LON:EOG) chief executive Hugh Mackay said he believes investors ought to be confident over the new prospective resource estimates for its exploration project in the waters off Ireland’s west coast.
Independent Oil & Gas (LON:IOG) said it plans to remap an area of the Southern North Sea in an effort that could potentially double gas reserves.
Mid-way through the week Oilex (LON:OEX) confirmed it intends to terminate contracts for an exploration project in the Timor sea.
88 Energy (LON:88E) said on Thursday it has been encouraged by recent drilling reports on the same slope as its Icewine project in Alaska.
On the same day, broker GMP Securities said Falcon Oil & Gas (LON:FOG) investors should be “very encouraged” by growing positive sentiment towards Australia’s Northern Territory.
The directors of Range Resources (LON:RRL) are still confident that the Trinidad focussed oil company can secure alternative funding in the short-term.
At the end of the week Baron Oil (LON:BOIL) signed a contractor for a seismic programme at the Block XXI exploration project, in northwest Peru.
And finally, Caza Oil & Gas (LON:CAZA) told investors it could again look to new drilling opportunities in the Bone Springs play.