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 [email protected]; Twitter: @Raztweet Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Bp (BP)
DateTimeHeadline
03/17/201710:14:00BP in Talks with Ineos to Sell Forties Pipeline System in UK...
03/16/201716:36:00BP Selling Large Stake in Refining New Zealand
03/14/201703:46:00Wood Group Gets 2 Mad Dog Phase 2 Contracts Worth $85 Million
03/08/201717:22:00ADRs End Lower; Petrobras Trades Actively
03/08/201707:29:00Oil Companies Take to Thrifty Bets
03/01/201706:00:00BP and Clean Energy Partner to Expand U.S. Renewable Natural...
02/28/201714:16:00BP Sets Break-Even Target at $35 a Barrel
02/28/201709:34:00BP Expects Upstream, Downstream Growth
02/16/201717:39:00ADRs End Mixed; Vedanta Rises
02/16/201716:58:00ADRs End Mostly Up; Shire Trades Actively
02/09/201702:53:00BHP Billiton Board Signs Off on Investment in BP's Mad Dog Project
02/07/201712:02:00BP Needs Oil to Rise to $60 to Break Even -- 5th Update
02/07/201708:49:00BP Reports Another Annual Loss Amid Low Oil Prices -- 4th Update
02/07/201706:31:00BP Reports Another Annual Loss Amid Low Oil Prices -- 3rd Update
02/07/201704:18:00BP Earnings Fall for Second Consecutive Year -- Update
02/07/201703:02:00BP Earnings Fall for Second Consecutive Year
01/29/201707:29:00Oil Firms Plot Sharply Divergent Spending Paths
01/24/201702:59:00BP to Sell 25% of Magnus Oil Field, Associated Pipeline Infrastructure...
01/23/201710:33:00BP's Thunder Horse South Expansion Launches Ahead of Schedule...
01/20/201718:00:00ADRs End Higher; Airlines Rise

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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US