ADVFN - Advanced Financial Network.
HOME» NYSE » B » BP Stock Price » BP Stock News

Bp Share News

 Bp P.l.c. Stock Price
BP Stock Price
 Bp P.l.c. Stock Chart
BP Stock Chart
 Bp P.l.c. Stock News
BP Stock News
 Bp P.l.c. Company Information
BP Company Information
 Bp P.l.c. Stock Trades
BP Stock Trades

Fastnet Oil & Gas: Completion of Foum Assaka License Farm-out

LONDON--Fastnet Oil & Gas PLC (FAST.LN), a company focused on exploration acreage in Africa and in the Celtic Sea, Wednesday announced the formal completion of its farm-out of a 9.375% interest in the Foum Assaka License, off-shore Morocco, to SK Innovation. MAIN FACTS: -Completion had been previously subject to receipt of a Joint Ministerial Order from the Moroccan Authorities confirming the farm-out and approval for the farm-out transaction from the Korean Ministry of Trade, Industry and Energy. -SK Innovation is due to pay Fastnet accumulated back costs of $20.4 million. -Fastnet is also carried through its share of the drilling costs for the FA-1 well, which is currently ongoing, up to a gross well cost of $100 million as well as either an appraisal well or, at SK Innovation's discretion, a further exploration well (also capped at $100 million gross). -Fastnet holds its interest in the Foum Assaka license area through its subsidiary Pathfinder Hydrocarbon Ventures Ltd. -Following completion of the transaction, Fastnet will hold a 9.375% interest in the Foum Assaka License, with Kosmos Energy Deepwater Morocco, a subsidiary of Kosmos Energy Ltd. holding 29.925%, BP PLC 26.325%, SK Innovation 9.375% and ONHYM the remaining 25%. -Fastnet Oil shares at 1012 GMT traded up 0.38 pence, or 3.5%, at 11.25 pence, valuing the company at GBP38.9 million. -Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Bp (BP)
DateTimeHeadline
12/17/201413:49:34European Stocks Buffeted by Oil -- 3rd Update
12/16/201415:44:10Ruble's Decline Deepens Concerns for European Companies
12/16/201413:22:22Shockwaves From Oil Plunge Hit Stocks, Currencies -- 5th Update
12/15/201417:25:27Woodside Slows Progress on Browse LNG Development
12/15/201413:23:59LONDON MARKETS: FTSE 100 Sheds Gains As Oil, Mining Stocks Drop
12/15/201413:23:54LONDON MARKETS: FTSE 100's Sheds Gains As Oil, Mining Stocks...
12/15/201413:01:34LONDON MARKETS: FTSE 100 Gains On Respite For Oil Shares
12/11/201413:03:12LONDON MARKETS: FTSE 100 Logs 4th Straight Losing Day As Miners...
12/11/201410:43:08LONDON MARKETS: FTSE 100 Eyes 4th Straight Losing Day As Miners...
12/11/201404:36:19Wood Group Eyes Earnings Growth Despite Oil Price Slump
12/11/201404:09:17LONDON MARKETS: FTSE 100 Higher As Oil Stocks Advance
12/10/201418:22:51ADR Shares End Lower; Shares of Oil Firms Fall
12/10/201413:19:13LONDON MARKETS: FTSE 100 Turns Lower As Energy Stocks Stung By...
12/10/201409:25:23BP to Book $1 Billion in Restructuring Charges -- 2nd Update
12/10/201405:12:06BP to Book $1 Billion of Restructuring Charges -- Update
12/10/201404:40:17BP to Book $1 Billion of Restructuring Charges
12/09/201416:03:38LONDON MARKETS: Tesco Hits 14-year Low In London After Warning
12/08/201418:58:09Supreme Court Rejects BP Plea to Review Deepwater Horizon Settlement...
12/08/201418:55:35LONDON MARKETS: FTSE 100 Falls As Investors Fret About Global...
12/08/201418:51:32Supreme Court Rejects BP Plea to Review Deepwater Horizon Settlement...

Bp and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad