Master Investor

By Amy McLellan You wouldn’t know it from the ailing share price but things are moving along pretty well for onshore E&P specialist Egdon Resources. Admittedly there are strong headwinds for the AIM-quoted stock – the low oil price environment, slippage in production and political uncertainty around its shale gas portfolio – but the company…

By Martin Clark Mexico may not generate the same level of excitement as Brazil’s booming offshore sector, but there’s still plenty of oil and gas in the ground there too. In fact, it’s actually the ninth largest oil producer in the world, or eleventh in terms of net exports. And sitting right next door to…

By Amy McLellan Two months on from the launch of a strategic review and Kea Petroleum has yet to find a buyer. The AIM micro-cap, which is focused on New Zealand, has now released more details of its recently identified Shannon prospect, which lies beneath its shut-in Puka oilfield. This is a drill-ready prospect with…

By Martin Clark These are rough times for a lot of independents, the world over. Canada’s Eco (Atlantic) Oil & Gas, is a leading player in Namibia’s nascent upstream sector, is at least facing up to the many challenges, putting in place new financing to help it navigate this troubled period. Oil prices have plunged…

By Amy McLellan Roxi Petroleum has secured more investment, with a subsidiary of Chinese industrial group Bright Oceans Corp subscribing to more than 75 million shares priced at 18 pence per share, a premium of 16 per cent. This US$20 million subscription, which will give the Chinese company BOCO more than 7.8 per cent of…

By Stewart Dalby Time was, back in 2013, PetroNeft Resources, which is a Russia focused E & P, gave up making production forecasts. It only seemed to get them into trouble. Output from its Lineynoye and Abuzovskoye fields on its flagship Licence 61 in the Tomsk Oblast in Siberia stalled at less than 2000 bopd,…