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
01/30/201513:33:54LONDON MARKETS: FTSE 100 Marks Best Monthly Gain In Nearly A...
01/29/201516:53:52LONDON MARKETS: Energy Shares Drop In London; EasyJet Shares...
01/29/201508:01:48LONDON MARKETS: Energy Shares Falling In London; EasyJet Shares...
01/29/201506:28:36BP plc 4Q 2014 -- Forecast
01/29/201505:38:29France's Total Takes 10% in 15 Oil Fields in Abu Dhabi for 40...
01/29/201504:16:30LONDON MARKETS: Oil Shares Drop In London, Pulling FTSE 100 Lower
01/29/201504:07:40LONDON MARKETS: Oil, Diageo Shares Drop In London, Pulling FTSE...
01/28/201513:28:13LONDON MARKETS: FTSE 100 Down As Holiday Inn Parent Sags, But...
01/27/201517:24:02Big Oil Faces Time of Reckoning
01/27/201513:13:03Oil Slump Seen Crimping Near-Term Helicopter Demand
01/26/201518:40:45ADR Shares End Mixed; America Movil Shares Fall
01/26/201513:45:46BP Freezes Pay in 2015 as Part of Cost-Cutting Plan
01/22/201518:11:19Ex-BP Executive Named Apache CFO -- Update
01/20/201517:20:44Judge May Allow BP to Pay Deepwater Fines Over Time--Update
01/20/201517:00:34Judge May Allow BP to Pay Deepwater Fines Over Time
01/19/201520:22:06Anadarko To Fight Gulf-Spill Fine
01/19/201513:08:06LONDON MARKETS: U.K. Stocks Log Third Straight Session Of Gains
01/19/201512:58:19EUROPE MARKETS: European Stocks Hit Seven-year High With ECB...
01/19/201511:25:28EUROPE MARKETS: European Stocks Hit Seven-year Highs With ECB...
01/19/201508:49:07LONDON MARKETS: U.K. Stocks Eye Third Straight Session Of Gains

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