Shares in AIM-quoted Lansdowne Oil & Gas tumbled 20 per cent on last week after investors were spooked by a comment in the results statement from Providence Resources, the operator of Lansdowne’s flagship asset. The recent results statement from fellow AIM company Providence, operator of the Barryroe oilfield in the Celtic Sea in which Lansdowne…
By Eithne Treanor Oil inventories in the US continued their decline for a fourth week, giving the price a boost after surprising losses mid week. In early trading on Friday, Brent crude was priced above US$62 with WTI around US$58 a barrel. The Energy Information Administration said crude stockpiles fell by 2.8 million barrels this…
Good news for followers of the exploration campaign in the Falkland Islands as Premier Oil has struck oil with the Isobel Deep exploration well. The discovery lies in the North Falkland Basin, some 30 km from the company’s Sea Lion oilfield. The Isobel Deep exploration well was drilled to a depth of 2,527 metres, short…
Last month, facing a cash crunch, under-pressure Kea Petroleum sought to raise £3 million through an equity fundraise via PrimaryBid.com in order to progress the Shannon prospect for drilling. The New Zealand focused company received aggregated bids of more than £1 million and extended the deadline on the open book offer to try to close…
By Stewart Dalby Hard on the heels of the announcement that there has been movement with Northern Petroleum’s long dormant Italian Portfolio by way of a significant farm-in by Shell into one of its onshore assets there, the company has announced there has now been progress with its low-risk production- growth strategy in Canada. Two…
By Stewart Dalby Aminex’s recently released Interim Management Statement inevitably has a backward looking aspect to it since it reports on events in first quarter 2015 which have already been extensively reported. But there is some new detail in the statement and the question that obviously arises — and the release attempts to answer– is…
Two thousand and fourteen wasn’t the best year for Hurricane Energy to drill its breakthrough well in the West of Shetlands. The company, which made its debut on AIM in February 2014 to add another £17 million to its balance sheet, delighted its new shareholders when its Q2 horizontal appraisal well on its Lancaster oilfield…
By Eithne Treanor American stockpiles continued their decline for the third week and the geopolitical situation remained volatile. This added further uncertainty to the oil market, but the price held strong. In early trading on Friday, Brent crude was priced around US$66 with WTI back above US$60 a barrel. The volatility on the market will…
By Amy McLellan Nostra Terra Oil and Gas continues to add to its portfolio. The AIM-quoted E&P has acquired a one per cent working interest in the San Miguel Prospect stretching for 35,000 acres in South Texas, building on last month’s acquisition of an interest in the 20,000 acre Don Pedro prospect. This represents Nostra…
By Stewart Dalby London AIM-listed InfraStrata started out as a gas storage company before diversifying into exploration. As it starts out on an exciting five well drilling programme (two of which will be sunk this year) it has announced that first up with the drillbit is a well to recover salt cores on its Islandmagee…
