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 …
Petrogrand and Shelton Petroleum: Finally Combine on Russian Assets Only
Petrogrand AB and Shelton Petroleum AB have entered into an agreement (i) to form a new combined and enlarged oil group with exclusively Russian oil assets and (ii) to dissolve the cross-ownership between the two companies. Shelton Petroleum’s and Petrogrand’s operations in Bashkiria and Komi regions respectively, both located in …
Tethys Petroleum: Pope Asset Management Declines and Blocks Nostrum Offer
Tethys Petroleum Limited announces that Nostrum Oil & Gas PLC (“Nostrum”) has withdrawn its proposed offer that was previously announced on September 23, 2015 (“Proposed Offer”) to acquire the entire issued share capital of Tethys together with a proposed US$20 million interim funding transaction (the “Interim Funding” and, together with …
Tethys Petroleum: Olisol Investment Submits Proposal But Needs to Wait for Nostrum’s Period of Exclusivity
Tethys Petroleum Limited acknowledges the public announcement by Olisol Investment Group on October 2, 2015 regarding a non-binding proposal submitted to the Company. As announced on September 23, 2015, Tethys is currently in a period of exclusivity with Nostrum Oil & Gas PLC (“Nostrum”) and continues to negotiate the terms …
Tethys Petroleum: Olisol Investment Submits Proposal But Needs to Wait for Nostrum's Period of Exclusivity
Tethys Petroleum Limited acknowledges the public announcement by Olisol Investment Group on October 2, 2015 regarding a non-binding proposal submitted to the Company. As announced on September 23, 2015, Tethys is currently in a period of exclusivity with Nostrum Oil & Gas PLC (“Nostrum”) and continues to negotiate the terms …