Oil & Gas Round-Up
A mixed bag in the SmallCapNews universe this week; more contracts for Plexus Holdings, disappointment for Petro Matad and others and a little bit of hope sprinkled around too. Valiant Petroleum (VPP)...
View ArticleGlobal Petroleum begins seismic survey work in Namibia
Global Petroleum (LON:GBP), the AIM and ASX listed exploration and production group, has begun a 2,000km 2D seismic survey over its prospective oil and gas exploration blocks offshore Namibia. The move...
View ArticleOil & Gas Round-Up
As the markets continue to scare the pants off everyone, the E&P’s in the SmallCapNews universe continue to supply a mix of good and not so good news. PetroNeft Resources (PTR) has discovered a new...
View ArticleTower Resources raises new cash to fund working capital
Tower Resources (LON:TRP), the AIM listed exploration company with assets in Uganda and offshore Namibia, has raised US$4 million (£2.59 million) before expenses in a placing priced at 2.5p per share....
View ArticleTower Resources secures funding for Uganda well after Global Petroleum opts out
Tower Resources (LON:TRP) is set to go it alone with drilling its next well in Uganda after fellow oil firm Global Petroleum (LON:GBP) confirmed that it would not be taking part in the project....
View ArticleGlobal Petroleum puts Eagle Ford interests up for sale
Global Petroleum (LON:GBP), the AIM and ASX listed exploration and production group, has instigated a move to sell its interest two Eagle Ford production wells and related leases. The Eagle Ford assets...
View ArticleGlobal Petroleum sells interests in Olmos production
Global Petroleum (LON:GBP) has agreed to sell its interest in the Olmos production and related leases forming part of the Leighton Project in Texas, US, for US$2.8 million before tax. The news follows...
View ArticleOil and Gas Round-Up 2012 – Part 1
2012 has not been a stellar year for the majority of smaller E&P companies. We take a canter through what happened in the SmallCapNews universe. Year to date price in each case is as at 31 December...
View ArticleGlobal Petroleum begins search for partners to join Namibia plans
Global Petroleum (LON:GBP), the AIM and ASX listed exploration group with interests in Africa, has kicked off a farm-out process for its Namibia licence. The company has opened a data room for...
View ArticleOil and Gas Round-Up – 1 February
Quite a busy week in the SmallCapNews universe as our companies take us all over the world. Bowleven (LON:BLVN) announced that appraisal/exploration well IM-5, offshore Cameroon, had intersected what...
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