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KNOC set to complete bid package for Dana Petroleum Korea National Oil Corporation (KNOC) is close to arranging the loans needed to launch a formal £1.7bn offer for Dana Petroleum as the UK oil explorer battles to convince its shareholders to push for a higher offer. ... more ...
Bulgaria: Melrose Resources announces Kavarna East Gas Discovery and provides exploration update Melrose Resources has announced an exploration discovery in the Galata Block offshore Bulgaria, a new agreement to farm-down its interests in the Rhone Maritime concession offshore France and the commencement of seismic acquisition operations in the South East Mansoura concession in Egypt. ... more ...		Egypt: Dana Petroleum announces new oil field discovery at North Zeit Bay, Egypt Dana Petroleum has announced that the Fin-1X exploration well has discovered a new oil field, in the North Zeit Bay Production Sharing Contract (PSC) area onshore in the Gulf of Suez, in Egypt. ... more ...
PetroLatina Energy announces placing to raise US$11.5 million AIM-listed PetroLatina Energy has agreed to place, in aggregate, 18,503,500 new ordinary shares of US$0.10 par value each in the Company at a placing price of 40 pence per share to raise approx. US$11.5 million. ... more ...		Panama: Global Energy Development relinquishes its Garachine Contract offshore Panama Global Energy Development, the Latin America focused petroleum exploration and production company, announces that it has relinquished its Panamanian Garachine Contract by mutual consent with the Panamanian government. ... more ...

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