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Enegi Oil

ENEG: 0.48 0.00 (0.00%) delayed: 18:15 PM

News

  • Wed 28 Oct 2015 16:14
    Pantheon Resources (LON:PANR) was the sector's biggest riser - up more than 53.1% in late trading - after it confirmed flow testing operations at the VOBM#1 well, in which Pantheon has a 50% working interest, have completed. The well encountered 62 feet of net pay, at a depth of c.14,200 feet, in the Eagle Ford sandstone, the primary target of the well. The well flowed natural gas at a stabilised flow rate of 6,145 Mcfpd (with a calorific value of 1,100 BTU/cubic foot) and 504 bblpd oil...
  • Tue 27 Oct 2015 16:13
    Providence Resources (LON:PVR) was one of the sector's biggest fallers after providing an update on the Spanish Point area in the northern Porcupine Basin, offshore west of Ireland. The Spanish Point area includes Frontier Exploration Licence (FEL) 2/04 and 4/08, in which Providence holds a 58% equity interest and which are operated by Capricorn Ireland Limited (38%), a wholly owned subsidiary of Cairn Energy PLC with Sosina Exploration Limited holding the remaining 4% equity interest....
  • Tue 27 Oct 2015 14:58
    Enegi Oil has confirmed that the name of the company has been changed to Nu-Oil and Gas plc and this has become effective at Companies House. Trading in the company's shares on AIM under the new name of Nu-Oil and Gas plc (AIM:NUOG) will take effect from tomorrow and the company's website will become www.nuoilandgas.com shortly. At 2:58pm: (LON:ENEG) Enegi Oil PLC share price was -0.07p at 0.48p Story provided by StockMarketWire.com
  • Tue 20 Oct 2015 16:09
    Nighthawk's (LON:HAWK) shares fell after it announced that chief financial officer Richard Swindells was leaving the group as part of its move to streamline the accounting and finance functions. The US focused oil development and production company says it has completed an internal review of its current cost structure and has identified a number of margin enhancement and operational efficiency opportunities that it has begun implementing. Many of these improvements will begin to be...
  • Fri 31 Jul 2015 16:16
    Enegi Oil (LON:ENEG) was the sector's biggest riser after it revealed that ABT Oil and Gas - its joint venture with ABTechnology - had signed a collaboration agreement with global engineering and design consultancy Arup. Arup has become the latest member of the marginal field delivery consortium that ABTOG has established to assist in the delivery of its marginal field initiative, joining Kongsberg Maritime, Apollo, RMRI, Braemar ACM, AGR and Frames. Enegi Oil says the addition of Arup to...
  • Fri 31 Jul 2015 14:17
    ABT Oil and Gas - Enegi Oil's joint venture with ABTechnology - has signed a collaboration agreement with global engineering and design consultancy Arup. Arup has become the latest member of the marginal field delivery consortium that ABTOG has established to assist in the delivery of its marginal field initiative, joining Kongsberg Maritime, Apollo, RMRI, Braemar ACM, AGR and Frames. Enegi Oil says the addition of Arup to the consortium is a very positive step for the initiative as Arup...
  • Wed 10 Jun 2015 07:48
    ABT Oil and Gas Ltd, Enegi Oil's joint venture with ABTechnology Ltd, has signed collaboration agreements with AGR Well Management Ltd and Frames, which have become the latest members in the marginal field delivery consortium. AGR and Frames join ABTOG, Kongsberg Maritime, Apollo and Braemar ACM in the consortium. ABTOG has been progressing the Marginal Field Initiative for a number of years and has assembled a Consortium of established industry partners focused on the delivery of marginal...
  • Wed 10 Jun 2015 07:10
    Story provided by StockMarketWire.com
  • Tue 14 Apr 2015 16:21
    Gulfsands Petroleum (LON:GPX) was down in late trading following the appointment of Alastair Beardsall as executive chairman and the removal of Mahdi Sajjad as chief executive. Sajjad remains a director of the company. Beardsall has been involved in the oil industry for over 35 years. He is currently chairman of Sterling Energy and was previously chairman of Emerald Energy, which was the company's 50% working interest partner in Block 26, Syria, prior to its acquisition by Sinochem in 2009....
  • Tue 14 Apr 2015 09:18
    ABT Oil & Gas - Enegi Oil's joint venture with ABTechnology - has signed the first members of the consortium that is targeted at the delivery of the marginal field initiative. Enegi Oil says Kongsberg Maritime and Braemar ACM Shipbroking have signed collaboration agreements with ABT Oil and Gas. Kongsberg Maritime will provide 'best in class' proven remote control and monitoring technology for ABTOG's normally unattended development solutions and Braemar ACM Shipbroking will assist in...
  • Tue 14 Apr 2015 07:04
    Story provided by StockMarketWire.com
  • Tue 31 Mar 2015 16:19
    Northern Petroleum (LON:NOP) was one of the sector's biggest fallerts after issuing a corporate update. Canada: § Current production capacity from existing wells of 500 barrels of oil per day ("bopd") § Operating cost efficiencies being realised to increase economic production to this level in 2015 § Technical review ongoing to understand Keg River reef connectivity and remaining oil distribution Italy: § Work programme on Cascina Alberto to start following completion of farm out...
  • Tue 31 Mar 2015 09:05
    Enegi Oil reports a loss of £1,083,000 for the six months to the end of December, a decrease of £198,000 over the corresponding period in 2013. This is primarily due to the company reducing its overheads as it resolves the financial and corporate structure required to implement its strategy. Additionally, the result for the period includes a charge of £140,000 with respect to the loan from Shard Capital Management. The company received revenue of £27,000 during the period (2013:...
  • Tue 31 Mar 2015 07:22
    Story provided by StockMarketWire.com
  • Thu 19 Feb 2015 14:41
    Enegi Oil has confirmed that all resolutions proposed at its annual general meeting today were approved by shareholders. At 2:41pm: (LON:ENEG) Enegi Oil PLC share price was +0.01p at 1.13p Story provided by StockMarketWire.com
  • Fri 23 Jan 2015 16:16
    HaiKe Chemical Group's (LON:HAIK) shares jumped after it reported steady progress in a transitional year. HaiKe expects to report a profit for its continuing operations for the year ended 31 December although total turnover was marginally below 2013's RMB981.5m. The group says this reflects its strategy of adjusting its product mix towards higher-end products which has resulted in a minor reduction in volumes sold. Average selling prices and margins have improved as a result and EBITDA is...
  • Fri 23 Jan 2015 15:54
    Enegi Oil will hold its annual general meeting at the Walter Suite, Radisson Edwardian Manchester, Free Trade Hall, Peter Street, Manchester, M2 5GP, on 19 February at 11.30 a.m. At 3:54pm: (LON:ENEG) Enegi Oil PLC share price was +0.01p at 1.08p Story provided by StockMarketWire.com
  • Wed 24 Dec 2014 07:17
    Independent oil and gas company Enegi Oil posts a pre-tax loss of £4,859,000 for the year to the end of June - up from £3,115,000 last time. The company says the main area of expense has been the continuing development of the marginal field initiative. The loss for the year includes £301,000 of finance costs associated with concluding financing arrangements with Dutchess Capital and Shard Capital Management as well as an exceptional charge of £1,150,000 (including the effect of...
  • Wed 24 Dec 2014 07:05
    Story provided by StockMarketWire.com
  • Mon 08 Dec 2014 07:53
    Enegi Oil and Black Spruce Exploration have agreed to terminate the western Newfoundland farm-in agreement. Enegi believes that an incremental work programme, where the company aims to be carried, provides the most appropriate route to further prove and develop the area and, in line with its stated strategy of focusing on marginal field development, to partially divest its interest in Newfoundland given the challenges of working in this remote location. The major benefit is that no capital...
  • Mon 08 Dec 2014 07:02
    Story provided by StockMarketWire.com
  • Thu 20 Nov 2014 15:50
    Nighthawk Energy (LON:HAWK) shares jumped after it announced that it expects production to continue to grow before the year end. Average gross oil production from all wells in October 2014 was 1,886 barrels of oil per day and is currently in the 2,500-2,600 bopd range. Nighthawk says its recently announced focus on capturing behind pipe production and reserves in completed wells and new drills is driving substantial new production. The drilling rig has been temporarily idled at no cost to...
  • Fri 07 Nov 2014 16:09
    Roxi Petroleum's (LON:RXP) shares were down in late trading after it issued an update on progress at its BNG, Galaz and Munaily assets. The BNG contract area is located in the west of Kazakhstan 40 kilometres southeast of Tengiz on the edge of the Mangistau Oblast, covering an area of 1,561 square kilometres of which 1,376 square kilometres has 3D seismic coverage acquired in 2009 and 2010. Roxi has a 58.41% interest in the BNG Contract Area. Roxi says that as previously announced...
  • Fri 07 Nov 2014 08:22
    Enegi Oil has been offered a production licence on Block 21/28b, in the UK Central North Sea, by the Department of Energy and Climate Change. Block 21/28b contains two known discoveries named Crinan & Dandy, which lie adjacent to the Fyne Project Area in water depths of c. 89m. Crinan (also known as Area 4) is located c. 2km from Fyne, whilst Dandy is located c. 5km from Fyne. Dandy has been appraised, confirming oil presence, whilst both discoveries lie within the Fyne Trend and share...
  • Fri 07 Nov 2014 07:10
    Story provided by StockMarketWire.com
  • Tue 04 Nov 2014 16:05
    Soco International's (LON:SIA) shares were down in late trading after it announced that Soco EPC, operator of the Marine XI Block offshore the Republic of Congo (Brazzaville), has successfully completed testing the exploration well Lidongo X Marine 101 ST1 well ("LXM-101"). The well significantly exceeded pre-test expectations, reaching a post stimulation frac peak rate of 5,174 barrels of oil per day ("BOPD") and 3.65 million standard cubic feet of gas per day ("MMSCFD"). As previously...
  • Thu 09 Oct 2014 16:03
    Enegi Oil (LON:ENEG) was the sector's biggest riser in late trading after it announced that initial solution screening and economic studies suggest that the Phoenix discovery in the central North Sea could be developed feasibly with a single horizontal producer. Enegi says that in 2010 the previous operator, Apache, drilled the 22/12a-12 appraisal well. Under the well release guidelines the results of the well remained confidential for four years. In August 2014 the details of this well...
  • Thu 09 Oct 2014 08:07
    Enegi Oil says initial solution screening and economic studies suggest that the Phoenix discovery in the central North Sea could be developed feasibly with a single horizontal producer. Enegi says that in 2010 the previous operator, Apache, drilled the 22/12a-12 appraisal well. Under the well release guidelines the results of the well remained confidential for four years. In August 2014 the details of this well including the associated logs and reports were made available. The...
  • Thu 09 Oct 2014 07:14
    Story provided by StockMarketWire.com
  • Thu 02 Oct 2014 11:15
    Shares in Enegi Oil have fallen significantly in recent days and have fallen another 9% this morning. But the company says that it is not aware of any reason for this nor of any events that have adversely impacted the previously announced status of any of its business activities. It added that when the company has resolved and completed its objectives an update will be provided. Alan Minty, CEO of Enegi, commented: "Despite recent trading activity I remain excited about the company's...
  • Fri 29 Aug 2014 07:09
    Story provided by StockMarketWire.com
  • Mon 23 Jun 2014 16:24
    Frontera Resources' (LON:FRR) shares fell after it reconfirmed its update released on 4 April in which it announced the start of gas production operations within the Mtsare Khevi gas complex in Georgia. Frontera reconfirmed following significant trading activity in its shares on Friday. Frontera also confirmed that no new related material information has occurred since the update was first issued. The update issued on 4 April said: "Following the update released on 20 January 2014,...
  • Mon 23 Jun 2014 13:38
    Enegi Oil has issued a statement to clarify comments attributed to Black Spruce Exploration president David Murray at the NOIA conference in St John's, Newfoundland, and reported in the St John's Telegram. Enegi points out that until BSE concludes activities stipulated in the farm-in agreement between the two companies, it does not hold any interest in Engei's leases and licences in Western Newfoundland. It goes on: "Consequently, any reference to the leases and licences being 'jointly...
  • Thu 12 Jun 2014 15:57
    Max Petroleum (LON:MXP) was the sector's biggest faller despite announcing an increase in its reserves. Max said as at 31 March 2014 it was estimated the group had 9.5 million barrels of oil equivalent (mmboe) in proved and probable (2P) reserves with an after-tax net present value discounted at 10% (PV10) of $184m. This is an increase of 11% from 8.6 mmboe as at 30 September 2013, with a PV10 of $140 million, and a decrease of 14% from 10.9 mmboe as at 31 March 2013, with a PV10 of $184m....
  • Thu 12 Jun 2014 08:42
    Enegi Oil has announced a non-binding memorandum of understanding between ABT Oil and Gas Ltd - the marginal field development venture in which Enegi holds a 50% interest - and Wood Group PSN. The MOU defines the terms under which it is proposed that WGPSN will subscribe for a 50% shareholding in ABTOG's previously announced engineering solutions subsidiary, Marginal Field Development Co. Marginal Field Development Co will be renamed and further defined as an upstream energy, oil and gas...
  • Thu 12 Jun 2014 07:12
    Story provided by StockMarketWire.com
  • Thu 10 Apr 2014 07:52
    Enegi, the independent oil and gas company, has issued an update on its marginal field initiative through its joint venture, ABT Oil and Gas, with Advanced Buoy Technology (ABTechnology) Limited. Enegi says development of the Fyne field continues in line with expectations. It adds: "Along with our partner, Antrim, a new Environmental Statement ('ES') was submitted to the Department of Energy and Climate Change ('DECC') at the end of March. Antrim, as operator, has posted the ES on its...
  • Thu 10 Apr 2014 07:10
    Story provided by StockMarketWire.com
  • Mon 31 Mar 2014 09:09
    Enegi Oil reports a loss of £1,281,000 for the six months to the end of December, a decrease of £173,000 over the corresponding period in 2012. This is primarily due to the company reducing its activities in developing new opportunities now that management has taken the strategic decision to focus its resources on the marginal field initiative. The company received no revenue during the period (2012: £84,000) mainly due to the suspension of activities on the Garden Hill Field following...
  • Mon 31 Mar 2014 07:16
    Story provided by StockMarketWire.com
  • Tue 11 Mar 2014 15:59
    Successful drilling results in India, Kazakhstan and New Mexico saw gains for Oilex, Max Petroleum and Caza Oil & Gas in late afternoon trading. Oilex (LON:OEX) was one of the sector's top risers after announcing that its Cambay-77H well drilling operations in India had been successfully completed setting and cementing the 13 3/8 inch casing at 590m Measured Depth (MD). Cambay-77H is located adjacent to the Cambay-76H horizontal well that underwent a successful multiple staged fracture...
  • Tue 11 Mar 2014 11:36
    Enegi and ABTechnology ("ABT"), the owners of ABT Oil & Gas ("ABTOG"), have agreed to extend the option agreement with Wood Group PSN ('WGPSN') until the end of this month. The option agreement allows WGPSN the possibility to expand its participation in the development of the marginal field initiative. Alan Minty, CEO of Enegi, commented: "The continuing recovery of hydrocarbons from mature basins is becoming an increasingly important topic within the industry, none more so than the UKCS....
  • Mon 03 Mar 2014 09:58
    Enegi Oil non-executive director Derek Cochrane has decided to step down from the board with immediate effect due to his ongoing personal commitments. Chief executive Alan Minty said: "The board would like to thank Derek for his considerable contribution during his time with the company both as an executive and non-executive director and wish him well in the future." At 9:58am: (LON:ENEG) Enegi Oil PLC share price was +0.01p at 8.13p Story provided by StockMarketWire.com
  • Tue 25 Feb 2014 16:11
    Pan European Terminals (LON:PAN) was one of the sector's bigget risers after it reported that Baltic Top, its 100%-owned subsidiary, had recently increased capacity by about 10%, through an extension to its storage facilities to over 12,000 metric tonnes. The new tanks, which are arranged horizontally, are able to carry all products required by the local market, including additives, which now allows the Company to blend products specifically required by certain customers. A further 10%...
  • Tue 25 Feb 2014 07:38
    Enegi Oil confirmed that, with its partner Antrim Resources, it expects to submit the completed environmental statement for the Fyne field to the Department of Energy and Climate Change by the end of March. Once the environmental statement has been cleared, the final form of the field development plan for Fyne, is then expected to be submitted to DECC in late summer 2014. At the time of submission of the final FDP, any technical issues must be resolved, the environmental statement...
  • Tue 25 Feb 2014 07:37
    Enegi Oil has raised £2.005m after expenses, through a placing of 24,845,105 new ordinary shares with new investors at an average price of 8.07p apiece. Expenses for the placing have been taken in shares and total 2,484,511 shares. YA Global Master SPV Ltd has subscribed for 24,845,105 ordinary shares, raising £2.005m after costs. Of the £2.005million, Enegi has entered into an Equity Swap with YA in respect of £500,000. The period of the equity swap is 12 months. The equity swap...
  • Tue 25 Feb 2014 07:11
    Story provided by StockMarketWire.com
  • Thu 20 Feb 2014 16:21
    Gulfsands Petroleum (LON:GPX) edged lower in late afternoon trading after issuing an update on its recent activities. The company - which has activities in Syria, Morocco, Tunisia, Colombia and the US - said 3D data on the Rharb permit is being processed, A fast-track preliminary volume of the processed 3D data has been delivered and is being used for basic analyses and lead identification in the area covered by the new survey. The final volume of processed data is anticipated to be...
  • Fri 17 Jan 2014 15:54
    Leni Gas & Oil's (LON:LGO) shares jumped after it announced its application for a certificate of environmental compliance for the planned drilling campaign of 30 new wells at the Goudron field had been approved. LGO said the application had been approved by the Trinidad and Tobago Environmental Management Agency. LGO will update the market more fully on its drilling plans when the text of the CEC has been received in full. This is expected to be in the next few days. Enegi (LON:ENEG) has...
  • Fri 17 Jan 2014 07:37
    Enegi has confirmed an extended period I of exploration licence EL1116, western Newfoundland for a period of 12 months. Enegi says a drilling deposit of $250,000 has been paid by Black Spruce Exploration to the Canada-Newfoundland Offshore Petroleum Board. This has extended the initial five year licence period for EL1116 by a further 12 months. This is in advance of the drilling programme which is planned to take place on the licence this year targeting the St George's Bay prospect. On...
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