Range Resources Ltd (LON:RRL, ASX:RRS) temporarily halted the trading of its shares on the Australian Stock Exchange after recent board changes meant it fell short of Australian law.
It is a requirement under Australian law and ASX rules to have two Australian resident directors, meaning the group must appoint an additional Australian resident director to enable the company to satisfy the requirements after the former chairman rescinds his Australian residency.
Waste to energy group Powerhouse Energy Group PLC (LON:PHE) has signed a commercial co-operation agreement with its US affiliate PHEA.
David Moard, a previous executive and an original founder of PowerHouse, set up PHEA, which has committed exclusively to buy and use Powerhouse’s G3-UHt unit for its Waste-to-Energy projects.
Independent Resources plc (LON:IRG) told investors it has made ‘substantial progress’ improving its financial position, with arrangements to reduce indebtedness by £305,000 to £230,000.
The company revealed it has settled £148,000 of trade creditors with a £28,500 cash payment and the issue of equity at a premium price - 69.4mlnat an effective price of 0.17p each (227% higher than yesterday’s close).
Mosman Oil and Gas (LON:MSMN) has invested C$400,000 (A$425,000) into Canada–listed diamond group GEM International (CVE:GI.).
Up to now, Mosman had focused on developing its oil and gas interests in Australia but the prevailing conditions in the oil market had persuaded it to broaden its horizons.
Renewable power group Good Energy Group PLC (LON:GOOD) has sold a solar farm in Kent for up to £480,000.
Good Energy said it had off-loaded the 4.65 megawatt site at Wrotham, near Maidstone, to a member of the Trina Solar group.
IGas Energy Plc (LON:IGAS) shares rallied around 25% in Tuesday’s early deals as the UK shale gas sector received a shot in the arm with the approval of a planning application for a fracking programme in North Yorkshire.
It is the first time in over five years that a UK fracking project is able to go ahead, following the suspension of Cuadrilla’s operations near Blackpool which caused earth tremors.
San Leon Energy PLC’s (LON:SLE) intricate Nigerian oil field deal has taken another forward step, with the completion of the second of three steps in Midwestern Oil’s acquisition of Mart Resources.
With the assistance of Toscafund, its major shareholder, San Leon has supported the funding for the acquisition.
Sound Energy PLC’s (LON:SOU) new well on the Tendrara project, onshore Morocco, is now positioned just above its target.
The company, in a statement, said it had drilled the well down to the third and final casing point at a measured depth of 2,475 metres. Casing work has now begun.
Petroceltic International Plc (LON:PCI) has reported the completion of the AT-13 development well on the Ain Tsila gas and condensate project in Algeria.
It is the second of 24 planned wells in the Ain Tsila development. Together the wells are designed to establish and maintain an annual average wet gas plateau production rate of 355mln cubic feet per day.
Lansdowne Oil & Gas Plc (LON:LOGP) is making preparations for a possible new equity funding.
The Irish oil junior has asked investors for permission to a batch of issue new shares - potentially representing more than 200% of its current share capital - as it attempts to resurrect the company.
Highlands Natural Resources Plc (LON:HNR) has unveiled a new licensing deal for its 75% owned DT Ultravert re-fracking technology.
Calfrac Well Services Corp, a leading US pressure-pumping provider, has now licensed DT Ultravert on a shared exclusivity basis for commercial hydraulic fracturing business in seven states.
Andes Energia PLC (LON:AEN) chief executive Alejandro Jotayan has highlighted that the Argentina and Colombia focussed oil firm accomplished “very demanding” objectives in its past financial year.
Notably, it completed the Interoil transaction in Colombia, and saw continued success with the drilling program at the Chachahuen block, Argentina.
Genel Energy PLC (LON:GENL) has confirmed the receipt of a US$16mln from the Kurdistan Regional Government to the partners in the Tawke field.
The payment relates to oil sales in April, and also includes some arrears for past crude deliveries.
Chief executive Mark Routh described 2015 as an “important year of significant progress” forIndependent Oil & Gas PLC (LON:IOG).
During the year, the company took full ownership and control of the Skipper appraisal asset, which lifted resources by 13mln barrels to 26.2mln barrel.
Mosman Oil And Gas Ltd (LON:MSMN) will look for new opportunities outside its traditionalbusiness as it tries to bounce back from last year’s “disappointments”.
“Mosman continues to seek to rebuild after a series of extremely challenging events, both operationally and through the market conditions impacted by the oil price.”
Falcon Oil & Gas Ltd (LON:FOG) is hopeful that it will be awarded a shale gas exploration licence for Karoo Basin in the second half of the year.
“The board now expects that the exploration right over the acreage will be awarded in 2016,” the company said in its interim statement.
Junior UK Oil & Gas Investments PLC (LON:UKOG), which has a stake in the high profile Horse Hill project near Gatwick, has raised £4mln via a share placing to further advance its Weald Basin portfolio.
The cash comes from the issue of over 266.6mln shares at 1.5p each to institutional funds - that's around a 21% discount to last night's closing price of 1.9p.
Savannah Petroleum PLC (LON:SAVP) chief executive Andrew Knott has described 2015 as a year of “significant growth”, as the company unveiled its financial results statement.
He said: “we materially increased both our asset and resource bases. I believe that Savannah now finds itself in a highly advantageous position, with a large land position in a world class petroleum basin, an extensive and highly valuable technical dataset, and assets which benefit from a sophisticated oil service industry and associated low cost structure.”
A horizontal well in 88 Energy ltd’s (LON:88E, ASX:88E) Alaskan shale discovery will flow oil at high rates, in theory at least, according to Aussie broker Hartleys.
Whether or not the HRZ shale can flow at sufficiently high rates is the important question for investors, says analyst Simon Andrew, who highlights the issue will be the focus as the next well is drilled in early 2017.
Haydale Graphene Industries PLC (LON:HAYD) has signed a new joint development deal which will see a thermosetting resin, based on the group’s functionalised graphene, used to develop class-leading pipeline solutions.
The new partnership is with Flowtite Technology AS, part of the Saudi Arabian Amiantit Company, which Haydale highlighted is the world's largest glass fibre reinforced plastic (GRP) pipe company.
A stock market statement from IGas Energy Plc (LON:IGAS) - ahead of today’s AGM and after yesterday’s UK fracking breakthrough - has highlighted progress with the company’s five-year UK shale plan.
IGas shares gained a further 5.26% on Wednesday, and adding to the previous day’s gains is now up some 30% this week.
Petrel Resources Plc (LON:PET) shares advanced as much as 9% in Wednesday’s early deals as it briefed investors on an imminent 3D seismic exploration programme offshore Ireland.
The AIM quoted exploration junior has a 15% carried stake in one of two areas being assessed by Woodside Petroleum in the Porcupine basin, in Ireland’s Atlantic margin.
Indian power generator OPG Power Ventures PLC (LON:OPG) is to start paying dividends and is eyeing a move from Aim to London’s main market.
In a trading update, the company said that two months into the current financial year it is seeing greater revenue visibility. Cash collection from customers at its Chennai plants is now happening more promptly, while cash flows from sales are expected to improve as a result of multi-year sales contracts.
The timer on Xcite Energy Plc’s (LON:XEL, CVE:XEL) potential debt time bomb is ticking down as the group continues talks with its lenders.
Xcite is the latest junior oil stock in the firing line amid debt uncertainty.
Afren has gone, Petroceltic is going and Gulf Keystone Petroleum investors continue to hope for a Houdini debt deal.
Shares in Union Jack Oil (LON:UJO) and Europa Oil & Gas (LON:EOG) advanced on Monday after revealed a deal between them for the Horse-Hill-alike Holmwood exploration well, in the South East of England.
Holmwood is located about 12 kilometres to the Horse Hill oil discovery, and the plan is to test similar targets - which in the neighbouring well flowed at a rate of 1,688 barrels per day in testing.
Campaigning investors have urged Royal Dutch Shell PLC (LON:RDSB) to be more upfront with its plans to handle climate change, saying it could affect executive pay.
The Aiming for A coalition says Shell has failed to fully address the impact of reduced demand for oil and gas because of new technologies such as carbon capture and electric cars.