29 May 15PA Resources issues clarification regarding corporate reorganisation and financial position
Following the recent days significant movement in the PA Resources share price, Nasdaq opted to halt the trading of the shares. As a result the Company has repeated and clarified information previously provided.
29 May 15Afren secures additional debt funding
Afren said its noteholders agreed to subscribe for further notes up to $369 million, adding $93 million in net cash proceeds to the amount it announced in April. Proceeds will be used to refinance its previously announced interim funding and fund the development of core producing assets.
29 May 15Indonesia: Pertamina proposes to take over Sanga-Sanga oil block
Indonesia's state oil and gas company Pertamina has put forward a proposal for it to take over the Sanga-Sanga oil block. The block currently produces 16,733 barrels of oil per day and is operated by VICO Indonesia, whose contract is due to expire in 2018.
29 May 15UK: Xcite Energy announces Q1 results - updates Bentley field operations
Xcite Energy has announced its first quarter results for the 3 month period ended 31 March 2015. The Company reports an increase in 1P, 2P and 3P heavy oil reserves for the Bentley field to 234 MMstb, 265 MMstb and 296 MMstb, respectively.
29 May 15Morocco: 88 Energy finalises exit from the Tarafaya Offshore Block
88 Energy has received notification that the Moroccan Minister for Energy and Minister for Finance have signed the assignment document, finalising the divestment of the interests of DVM International (88 Energy's subsidiary in Morocco) in the Tarfaya Offshore Block.
29 May 15Australia: Falcon Oil & Gas announces commencement of drilling operations in the Beetaloo Basin, Australia
Falcon Oil & Gas has announced that drilling operations have commenced on its initial three well fully funded drilling campaign in the Beetaloo Basin, in the Northern territory of Australia.
29 May 15Australia: AWE's Waitsia-1 appraisal well encounters gas shows in secondary target
AWE Limited, the Operator of Permits L1/L2 in the Perth Basin, Western Australia, reports that the Waitsia-1 appraisal well has encountered elevated gas shows in the Dongara Sandstone, a secondary target.
29 May 15Australia: Key Petroleum provides update on Dunnart-2 completion and testing
Key Petroleum, operator of EP437, has announced that all Drilling Contractors of Australia (DCA) Rig 6 drilling equipment has now arrived at the Dunnart-2 site.
29 May 15Brazil: Petrobras, Galp, QGEP and Barra confirm large Brazil oil discovery
Brazil's state-run Petrobras, Portugal's Galp and Brazilian oil companies QGEP Participações and Barra Energia have confirmed that the giant Carcará offshore find extends far beyond the initial discovery, Barra said in a statement.
29 May 15GoM: W&T Offshore announces new discovery at Ewing Banks 910
W&T Offshore has announced a new discovery at Ewing Banks 910 and first production from the SS #6 well at Mississippi Canyon 538 field ('Medusa'), both in the deepwater of the Gulf of Mexico.