Mining, Oil & Gas News & Blog
14
Gulfsands Cancels Shareholder Meeting As It Sorts Status Of An Investor

Gulfsands Petroleum PLC Tuesday said it has cancelled its planned shareholder meeting that was set to allow investors to try and resolve ongoing disputes that have split the board and management and its biggest shareholders.

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Posted in: Oil and Gas
13
Gulfsands eyes gas sales from DRC-1 after successful flow test

Gulfsands Petroleum has confirmed Dardara Southeast 1 at Rharb Centre in Morocco operation.

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Posted in: Oil and Gas
13
Rose Petroleum eyes high impact milestones in coming months

Rose Petroleum told investors it sees high impact news flow in the next few months, as it anticipates well results and a new CPR for the Utah shale venture.

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Posted in: Oil and Gas
13
LNG Another Casualty Of Low Oil Prices

The oil industry is facing rising debt from collapsing oil prices, but there could be another sector that becomes a casualty of the low oil price environment: liquefied natural gas (LNG).

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Posted in: Oil and Gas
08
Circle Oil to “significantly enhance” finance function with new appointment

Circle Oil has hired Susan Margaret Prior as the group’s new executive finance director.

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Posted in: Oil and Gas
08
Beowulf negotiates early end to equity swap arrangement

Iron ore explorer Beowulf has agreed an early settlement of its equity swap agreement with Lanstead Capital.

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Posted in: Mining
08
Eland Oil & Gas set for year of growth as it secures US$75mln financing

Eland Oil & Gas is set to shrug off the oil price ailments affecting many of its peers as the Nigeria-focused firm continues to benefit from the development of the Opuama field.

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Posted in: Oil and Gas
07
Red Rock Resources secures US$550,000 convertible loan

Red Rock Resources is to bring in US$550,000 with the issue of convertible loan note. MG Partners, an affiliate of Magna, is providing the loan which carries 4% interest and has a 12 month maturity.

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Posted in: Mining
07
Gulfsands Petroleum reveals second straight success onshore Morocco

Gulfsands has encountered excellent quality gas bearing reservoirs at the Rharb Centre project, onshore Morocco.

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Posted in: Oil and Gas
06
Oil Companies Made Massive Bets That Oil Prices Are Not Going To Go Up
According to a report by Business Insider OPEC's biggest members are counting down the months until their upstart rivals lose the one thing shielding them from crashing oil prices — hedges.

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Posted in: Oil and Gas
06
Victoria Oil & Gas shares advance 24% after transformational Cameroon gas supply deal
Victoria is an independent oil and gas exploration and production company with projects in Africa and the FSU. The Company’s principal assets are the Logbaba gas and condensate field in Cameroon and the West Medvezhye oil and gas project in Siberia, Russia.

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Posted in: Oil and Gas
06
Lekoil chief is still positive and says low cost strategy ‘working out for us right now’
Africa focused exploration and production company.Management and board with strong technical and financial experience and relationships on continent. Lekoil Nigeria recently entered into a farm out agreement with Afren PLC to acquire an overall 30 per cent economic interest, including a 17.14 per cent participating interest, in OPL310, an offshore Nigerian asset located in the Dahomey-Benin Basin

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Posted in: Oil and Gas
16
Chinese investor to take control via new funding deal at Range Resources
A Chinese investor is set to take control of Range Resources through a large financing deal, which coincides with the departure of the AIM group's previous management team.

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Posted in: Oil and Gas
16
Gulf Keystone Petroleum poised to hit 40,000 bopd production target
Gulf Keystone Petroleum shares advanced after the Kurdistan based oil firm revealed it stepping up production to its 40,000 barrels per day target.

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Posted in: Oil and Gas
29
Cheap gas is starting to have an impact on the US oil boom
Falling oil prices is forcing some drilling companies to cut back on exploration work in Us and elsewhere in the world

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Posted in: Oil and Gas
29
Mariana Resources down after dumping copper-gold project in Peru
Mariana Resources Ltd is an AIM quoted exploration and development company with an extensive portfolio of gold, silver and copper projects in southern Argentina and now Peru. Exploration focus has shifted away from Santa Cruz Province in southern Argentina to the Condor del Oro property in northern Peru where initial drilling of a significant gold/copper target is planned.

[Read More]

Posted in: Mining
28
Edge Resources is bullish with  chief having "nothing but confidence" despite lower oil prices
Onshore Canadian oil firm Edge Resources revealed a 19% rise in first half oil and gas sales, bringing in $5.8mln in the six months to September 30.

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Posted in: Oil and Gas
28
W Resources kicks off development at Régua tungsten project
W Resources Plc (AIM:WRES) is a tungsten exploration and development company with a portfolio including the La Parrilla tungsten mine and tailings project in the Southwest of Spain and the Portalegre gold exploration license in 200k east of Lisbon in Portugal. The Company was incorporated in England and Wales in 2004.

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Posted in: Mining
28
Oilex MD Ron Miller is satisfied with Cambay's progress to date
Oilex managing director Ron Miller declared himself “satisfied” with progress to date on the company’s breakthrough Cambay 77H well in Gujarat State.

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Posted in: Oil and Gas
15
Fastjet nearer licence in Zambia, in talks over new funding
Fastjet has taken a “major step” towards a licence in Zambia and has started talks over additional funding needed to develop air services there.

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Posted in: Oil and Gas
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