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Kazakhstan: Tethys Petroleum's AKD01 well flows over 6,800 bopd Tethys Petroleum's AKD01 oil discovery in Kazakhstan has flowed oil at a combined rate in excess of 6,800 barrels per day. The result opens up an area of substantial potential in Tethys' Akkulka and Kul-Bas blocks where the Company has further attractive prospects. ... more ... |
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Norway: Det norske's 6507/11-10 well in PL 476 disappointsDet norske oljeselskap has permanently plugged and abandoned well 6507/11-10 in PL 476 as a dry hole. The well encountered slightly thinner reservoir intervals than prognosed but with good reservoir quality. ... more ... |
Hungary: Ascent Resources commences drilling of PEN-101 in the Nyírség exploration permits in eastern HungaryAIM-listed Ascent Resources,through its subsidiary PetroHungaria, has commenced the drilling of the PEN-101 well, part of the Penészlek Project, in the Penészlek area of the Nyírség exploration permits in eastern Hungary. ... more ... |
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Liberia: Global Iron acquires African Petroleum in $500 million dealPerth-based Global Iron has entered into a ‘company transforming’ transaction to acquire African Petroleum, a company which holds the rights to two oil and gas exploration blocks located offshore Liberia, West Africa. ... more ... |
Cameroon: Victoria Oil & Gas updates Logbaba gas and condensate projectVictoria Oil & Gas has spudded the La-106 well at its Logbaba gas and condensate project in Douala, Cameroon. La-106 is the second well to be drilled by VOG at Logbaba and will twin Well La-101, which was drilled by Elf SEREPCA in 1954. ... more ... |
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Endeavour International Corp completes successful private placement
Endeavour International Corp has entered into and closed a definitive agreement for the private placement of approx. 23.5 million newly-issued shares of common stock at a purchase price of $0.90 per share, for net proceeds of approx. $20.5 million. The net proceeds from this transaction will be used to partially fund Endeavour's 2010 capital budget.
Endeavour's 2010 drilling plans in the UKCS will focus on development activities at Columbus (Block 23/16f), Cygnus Block 44/12a) and Rochelle (Block 15/27).
In the US, Endeavour will be involved in increasing activity where it recently announced the acquisition of significant positions in four US resource plays, including the highly prospective Haynesville and Marcellus gas shale plays in North Louisiana/East Texas and Western Pennsylvania, respectively, and new frontier plays in Alabama and Montana. Altogether, Endeavour has acquired interests in 526,000 gross acres (165,000 net acres) in these four areas for an approximate $27 million initial investment.
Source: energy-pedia
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