Roxi Petroleum: 1H Results – Galaz Profit at $19m, Reviewing New Well Construction Bids
Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, announces its unaudited results for the six-month period ended 30 June 2015. Highlights Operational During the period under review – Deep Well A5: Clean up work largely completed by May 2015 – Deep Well 801: …
Roxi Petroleum: Galaz Money Received – BNG Deep Well 801 – Potential 100m Oil Bearing Interval
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of progress at its flagship BNG asset and on the collection of the outstanding sales proceeds from Galaz. Deep Well 801 Deep Well 801 was spudded on 15 …
Zoltav Resources: Revenues Up Operating Losses Down
Zoltav, the Russia and CIS-focused oil and gas exploration and production company, announces results for the six months ended 30 June 2015. The full report is available to download from the Investor Relations section of the Company’s website at www.zoltav.com. Operational Highlights – Bortovoy · Produced 46.6 million cubic feet …
Shell: Alaskan Arctic Drilling Update
Shell today provides an update on the Burger J exploration well, located in Alaska’s Chukchi Sea. The Burger J well is approximately 150 miles from Barrow, Alaska, in about 150 feet of water. Shell safely drilled the well to a total depth of 6800 feet this summer in a basin …
KMG EP: Appoints Kurmangazy Iskaziev as New Chief Executive Officer
JSC “KMG EP” announces that Kurmangazy Iskaziev has been appointed General Director (CEO) of KMG EP by the Board of Directors. Mr Iskaziev previously held the position of CEO of JSC Embamunaigas (EMG), one of the core production assets of KMG EP. Christopher Hopkinson, Chairman of the Board of Directors …
KMG EP’s Board of Directors Approves 2015 Revised Budget – Costing Brent at $51
JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) announces the approval by the Board of Directors (“the Board”) of a revision to the Company’s 2015 budget. The 2015 budget was revised assuming the average annual Brent price of US$51 per barrel and an average annual exchange rate of 208 …
Urals Energy: H1 Results – Workover Program to Continue to Maintain Production, Working Capital Doubled
Urals Energy PCL (AIM: UEN), the independent exploration and production company with operations in Russia, is pleased to announce its half-year results for the six months ended 30 June 2015. Operational highlights Total production at Arcticneft during the period reached 124,697 barrels (H1-2014: 118,958 barrels) – Total production at Petrosakh …
Tethys Petroleum: Signs Non-Binding Take Over and Financing Deal with Nostrum Oil and Gas
Tethys Petroleum Limited (“Tethys” or the “Company”) announces that Tethys and Nostrum Oil & Gas PLC (“Nostrum”) have entered into a non-binding and indicative letter of intent (the “LOI”) setting out proposed terms upon which Nostrum would acquire the entire issued and to be issued share capital of Tethys (the …
Gazprom: To Use Domestic Nano-Products On Eastern Projects
Alexey Miller, Chairman of the Gazprom Management Committee and Anatoly Chubais, Chairman of the RUSNANO Executive Board had a regular joint meeting today at the Gazprom headquarters to consider the use of innovative products at Gazprom’s industrial facilities. Attending the meeting were Members of the Gazprom Management Committee, heads of …
Eni Awarded Exploration Company of 2015 by the Petroleum Economist
Eni is winner of the Petroleum Economist Award, established in 2006 by the prestigious Petroleum Economist, as Exploration Company of the Year. During a ceremony held yesterday in London, a panel of independent experts representing all areas of the world of Energy, led by the Secretary General of OPEC Abdalla …