It is expected that the Sant' Alberto development can be completed and first oil due in the first half of 2018
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"President Energy is focused on profits and positive cash flow,” said chief executive Peter Levine
Last Tuesday Mytrah was informed that Kailas had loaned himself US$2.55mln to help fund the purchase of a property not related to the firm’s own operations
Political insecurity has been a key risk for investors in Kurdistan based oil stocks for quite some time, and the recent escalations have further dented share prices.
Former Ophir Energy PLC boss Dr William Higgs will take up the role of Genel's chief operating officer on November 6. Paul Schofield steps down from that role as of October 16
Angus has unlocked a new productive zone and also cut a section of the Kimmeridge zone which will be the subject of further evaluation.
SP Angel a valuation of 37p for the share, substantially higher than the placing price of 10p.
WH Ireland analyst Brendan Long said: “the first payment to GKP following the KRG independence vote is noteworthy."
“We reckon that considerable running room remains for Touchstone’s shares," said Shore Capital analyst Craig Howie.
"We are extremely pleased with the results of the CPR on our SNS development portfolio,” said Mark Routh, IOG chief executive.
"This marks the next milestone for the development of commercial activities for TIL in Newfoundland," said Michael Rowan.
"I am very pleased to have signed the licences for these blocks and look forward to exploring again in Côte d'Ivoire,” said Paul McDade, Tullow chief executive.
UKOG boss Stephen Sanderson says the Broadford Bridge well will be restored to an optimal condition for further testing.
The Africa-focused forestry and agriculture group said it had already vetted several alternatives
The payments cover crude sales for the month of July
John Bell, Gulfsands managing director, described Tuesday’s news as “very significant”
“We are strategically focused on leveraging our proven offshore track record of strong service, to broaden our downstream footprint in the UK"
"We are very pleased to have confirmed our next steps on the Thali license ... with a view to finalising priorities for drilling in 2018,” said Jeremy Asher.
Chairman Ravi Kailas has made arrangements for a US$2.4mln loan to be repaid to the company by the end of next week
The Icewine-2 well programme is suspended until spring but 88 Energy says it has observed a rise in pressure
The group produced more iodine than expected and began implementing management's strategic expansion plans
"Tlou is extremely pleased to have the Seismic program running and to be working with Velseis, who are highly experienced in this area,” said Tony Gilby.
Greater operational flexibility will result from the amendments, Highlands said
“The seismic is key to unlocking the acreage, by not only identifying drill targets but also steering the horizontal leg of the wells,” Matthew Idiens said
“Our growth strategy for Bolivia and across the greater Latin American region is progressing well," said chief executive Fiona MacAulay