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Conference report 2: Solo Oil and Wentworth Resources set for step change as Tanzanian projects come onstream while Pura Vida Energy gets ready for potential company-making drill in Morocco
Wentworth sees great potential in Tanzania

Conference report 2: Solo Oil and Wentworth Resources set for step change as Tanzanian projects come onstream while Pura Vida Energy gets ready for potential company-making drill in Morocco

8 mins. to read

By Amy McLellan These are exciting times for ASX-listed Pura Vida Energy, with a drillship set to arrive next month to spud the MZ-1 wildcat in the deepwaters off Morocco. This is a big well by any reckoning: it is drilling in 2,000 metres of water through up to five stacked reservoirs down to 6,000…

That Was The Week That Was … In Australia
The ASX

That Was The Week That Was … In Australia

5 mins. to read

By Our Man in Oz Minews. Good morning Australia. It looks like your mining sector had another tough week. Oz. There’s no doubt about that. The mining index lost a hefty 7.4 per cent and the gold index was down by seven per cent. To put those falls into perspective that means the overall mining…

Oil prices weaken amidst an abundance of supply

Oil prices weaken amidst an abundance of supply

4 mins. to read

By Eithne Treanor The weaker dollar may have helped to boost the oil price early in the week, but the market is awash with oil and there’s no sign of any slowdown in production. Geopolitical issues are also a concern but in early trading on Friday, Brent crude was priced below US$57 a barrel with…

Conference report 1: Africa New Energies shows a new way of looking for oil, Cub Energy discusses Ukraine situation and Andes Energia highlights Vaca Muerta potential
ANE CEO Stephen Larkin

Conference report 1: Africa New Energies shows a new way of looking for oil, Cub Energy discusses Ukraine situation and Andes Energia highlights Vaca Muerta potential

8 mins. to read

By Amy McLellan Oilbarrel.com’s 71st conference saw more than 200 people through the door to hear six companies with stories stretching from Argentina’s Vaca Muerta shale to new frontiers in Africa to conflict zones in Ukraine. First to speak was Stephen Larkin, CEO of Africa New Energies, which uses proprietary algorithms to find oil. Regular…

President Energy announces a capital raise and sets out its development plans for Argentina and Paraguay
President's licences in Paraguay

President Energy announces a capital raise and sets out its development plans for Argentina and Paraguay

3 mins. to read

By Stewart Dalby Aim-listed President Energy is a full cycle E & P group with production and development assets, as well as some high impact acreage in the portfolio.For the past year most of the reporting on President has centred on high –risk exploration in under-drilled Paraguay. President migrated to the now politically-stable Paraguay because…

Stratex Mulls Options For Monetising Its Muratdere Interest
Bob Foster

Stratex Mulls Options For Monetising Its Muratdere Interest

3 mins. to read

By Alastair Ford It’s not easy to conjure up something out of nothing, as any good scientist will tell you. Yet that’s what Stratex International – perhaps the only true project generator listed on Aim – continues to do. This time round, the project is Muratdere, a copper-gold asset in the northwest of Turkey. Muratdere…

Pura Vida Energy readies for spud of MZ-1 wildcat offshore Morocco
Pura Vida Energy in Morocco

Pura Vida Energy readies for spud of MZ-1 wildcat offshore Morocco

2 mins. to read

By Amy MCellan Exciting times ahead for backers of ASX-listed Pura Vida Energy, which will be appearing at Oilbarrel conference in London on Thursday. The Perth-based explorer is taking a run at the Atlantic waters offshore Morocco, where sentiment has soured after fellow operators suffered a number of dud wells last year. Pura Vida, however,…

Whoops, There Goes Another One: African Minerals Slides Into Administration

Whoops, There Goes Another One: African Minerals Slides Into Administration

2 mins. to read

The home page of the African Minerals website makes for rather melancholy reading. On the one had there’s the optimistic bombast of the rolling gif in the top left hand corner which unashamedly trumpets “A World Class Resource”, “Exports on Track”, “Partnering With The Community”, and “A Multigenerational Project with Significant Growth Opportunities”. That slick…