Oil and Gas

US-focussed explorer Caza Oil & Gas Inc. (LSE:CAZA) said revenue for the second quarter increased, as production improved by new wells brought into operation, despite a drop in the price of oil. In a statement released today, Caza reported over US$1 million revenue, about a third more for the same period a year ago, total […]

I have never tipped – or that I can remember – written about AIM listed oil and gas company Sefton Resources (LSE:SER) and nor have I bought any stock in this penny share hopeful. The history of companies seeking to explore or produce hydrocarbons in the US but listing on Aim is so dire that […]

Petroceltic International plc (LSE:PCI) said today, it is now ready to provide the Algerian Government all the necessary documents to support its bid for a 30-year exploitation permit for the Ain Tsila field in Algeria. In a statement, Petroceltic said the parties to the Isarene Production Sharing Contract, has agreed to a Formal Declaration of […]

The company shares of Falkland Oil and Gas (LSE:FOGL) are showing strong determination to keep going up. The long-term trend on the company price chart has been bullish; despite the turbulent past. The price has become inebriated by incessant bullish pressure. A potentially new phase of the dominant trend has been identified and would be […]

Max Petroleum plc (LSE:MXP) has found a white knight to fund its already over-budgeted exploration programme in Kazakhstan, thanks to one of the company’s driller, Zhandros Drilling LLP, who agreed to carry on exploration activities for the company in exchange for nearly 10% of the oil and gas explorer’s current issued capital. In a statement […]

43 billion cubic feet of gas sounds like a lot. I am sorry to say that it is not as vast as it sounds. In fact it is rather small (call it 750,000 barrels of oil). This is the Tosca-1 well where AIM listed Northern Petroleum (LSE:NOP) has announced that it has now started drilling.  It […]

I note that yesterday, the stock price of AIM listed Falklands Oil & Gas (LSE:FOGL) jumped by 10.25p to 85.25p ( a gain of almost 14%) after it announced that it had spudded its first well in the South Atlantic as it always said that it would do in August. To be fair there was […]

Falkland Oil & Gas Limited (LSE:FOGL) has signed in a new partner in its exploration in the Falkland Islands in a contract that is estimated to be worth between US$180 and $230 million in the next three years, the company said today. Noble Energy Falklands Limited, an affiliate of NYSE-listed Noble Energy, Inc. (NYSE:NBL), entered […]

FTSE 250 oil and gas firm Ophir Energy plc (LSE:OPHR) made its sixth gas discovery in Tanzania but said the gas find was lower than what the company hoped it would have. In a statement released earlier today, the Africa-focussed explorer said Papa-1 well, its sixth well located in Block 3 offshore Tanzania, encountered 89 […]

Oil and gas explorer and producer Coastal Energy Company (LSE:CEO) (TSX:CEN) said today its offshore proven reserves have increased by 30% to 81 million barrels of oil (mmbbl) while offshore probable reserves increased by 26% to 87.9 mmbbl. The latest report, prepared by RPS Energy Ltd., brings the total company proven reserves to 87.9 mmboe, […]