Tethys Petroleum: Clarifies Olisol Discussions
Tethys Petroleum Limited acknowledges the public announcement by Olisol Investment Group (“Olisol”) on October 9, 2015 regarding a non-binding proposal submitted to the Company along with suggestions that Tethys has not engaged with Olisol or considered Olisol’s proposal. The Tethys Board disagrees with much of the content in the Olisol …
Rosneft Drills a Record-breaking Well in Venezuela – Depth 347m Horizontal Section 1,500m
Rosneft, as part of a PetroMiranda JV including PDVSA and Gazprom Neft, has drilled an unprecedented horizontal well GG1-14 at the Junin-6 block. The well is unique for the shallow depth, only 1,140 feet or about 347 meters, of the reservoir interval and the length of horizontal section 4,920 feet …
Gazprom and BASF/Wintershall – 25 Years of Fruitful Cooperation
The town of Lomonosov (Leningrad Region) hosted today a ceremony dedicated to the 25th anniversary of the cooperation between Gazprom and BASF/Wintershall. “25 years is a relatively short period of time. But together with our German partners we’ve managed to achieve quite a lot during these 25 years. We began …
Petrogrand: Drilling Tender Out for Sosnovskoye, Plus Dinyu-Savinoborskoye Update
Following the completion of the Ripiano transaction in April 2015, whereby Petrogrand acquired an indirect 49% interest in three oil producing fields in the Komi region of Russia, Petrogrand’s new management team has finalized the forward heading operational plan for maximizing the value of all Ripiano’s production fields. Since the …
Novatek: Q 3 Results – Combined Liquids Production Up 53%
OAO NOVATEK reported today preliminary operating data for the third quarter and nine months 2015. In the third quarter 2015, NOVATEK’s marketable production totaled 17.06 billion cubic meters (bcm) of natural gas and 2,346 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in natural gas …
Condor Petroleum: Well KN-501 Reaches Total Depth with No Commercial Hydrocarbons
Condor Petroleum Inc. has reached a total depth of 3,992 meters on the KN-501 Primary Basin well located on the Company’s 100% owned Zharkamys West 1 Territory in Kazakhstan. Numerous gas shows were encountered while drilling the main hole section from 3,530 meters to TD, although no commercial hydrocarbon reservoirs …
Eurasia Drilling Company: Reviewing Offer to Take the Firm Private
Eurasia Drilling Company Limited announces that it has received an offer for a potential merger with the intention to take the Company private (the “Merger Proposal”). The Board of Directors received the Merger Proposal from certain management and core shareholders this morning which included an offer consideration of US$10.00 per …
Gazprom Neft Shelf: Prirazlomnoye Re-Injection Well Brought in to Operation
Consistent with scheduled development at the Prirazlomnoye field, a re-injection well has been brought into operation on the Prirazlomnaya ice-resistant offshore platform, following drilling operations by Russia’s Gazprom Burenie. The well will help streamline the use of resources at the field by improving the rate of oil recovery. The well …
Tethys Petroleum: AGR Energy Offers Short Term Liquidity and Subscription Offer
Tethys Petroleum Limited announces that it has received a non-binding letter of intent from AGR Energy Holdings Limited (“AGR Energy”) in connection with a potential US$20 million equity fundraising at a price of C$0.165 per share and potential US$5 million loan to support short-term liquidity. In addition to the equity …
Urals Energy: Expands License Area Boundries
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce that, following the payment of a royalty of RR27.5 million to the Russian regulatory authorities, the Company has been granted an additional license by the Russian regulatory authorities that has expanded the boundaries …