IS - People & Companies - May 16, 2019Fabian Sven Bahadur Scheler was
named non-independent, non-executive
director of Alpha Energy Holdings Ltd.
He has been working at Amadeus Capital
SA since April 2018. Arrow Exploration Corp. has
announced the promotion of Bruce
McDonald as president & CEO. Additionally,
Dominic Dacosta was appointed as
chairman of the company’s board,
effective May 3. McDonald replaces Gary
Wine, who resigned. McDonald is currently
executive chairman. BP named Ben Mathews as...
May 16, 2019
Kina raises almost A$5.4 millionKina Petroleum Ltd. placed
75,000,000 shares at A$0.07178 each
for gross proceeds of A$5,383,500 on
Dec. 20, 2017. The investors include
existing strategic and
sophisticated investors along
with Phil Mulacek and his PIE
Holdings LP who invested to maintain
the proportional holding. Kina will use
the proceeds for ongoing working capital,
particularly with respect to its two key
retention licenses PRLs 21 and 38, where
pre-development work is...
Jan 08, 2018
Total and Santos farm-into Melbana's offshore BeehiveASX-listed Melbana Energy executed a farm-in agreement with Australian peer Santos and French major Total to divest a non-op 80% WI in the Beehive prospect (WA-488-P) in the Bonaparte Basin offshore Australia. Total and Santos will fund 100% of the cost of a 3D seismic survey and will fully fund costs until completion of the first well. Melbana will repay carried funding if there is a commercial discovery. The Beehive prospect consists of gross best estimate prospective resources of 558 MMboe...
Dec 13, 2017
Global Marketplace Briefs - April 04, 2014• Toronto-based South America explorer CGX Energy is interested in farming out up to 40% WI in its three Guyana licenses in return for a promoted carry on initial-phase work commitments. The offshore Corentyne and Demerara licenses (100% WI) and onshore Berbice license (62% WI) are all located in the Guyana-Suriname Basin. The company plans to drill two or three wells over the next three years to test over 1.0 Bboe of resource potential. See PLS Listing No.DV 2773FO or contact CGX commercial...
Apr 04, 2014
South Pacific Briefs - January 30, 2014• Buru Energy, Key Petroleum and Indigo Oil agreed to swap Canning Basin exploration interests in Western Australia. Buru will add 25% WI in exploration permit 438 targeting the Goldwyer shale (boosting its stake to 62.5%) while divesting its 15.5% WI in license L15 and 43.28% WI in license R1. Upon closing expected during Q1 Buru and partner Mitsubishi will sell 50% WI in EP438 to Apache as part of a US$11.8 million (A$12.5 million) deal announced in early November, at which point Buru and...
Jan 30, 2014
South Pacific Briefs - November 20, 2013• Apache is adding an onshore element to its offshore-focused Western Australian portfolio, agreeing to farm into four Goldwyer shale exploration permits held by operator Buru Energy Ltd. and Mitsubishi in the Canning Basin for up to 50% WI by carrying the partners on their US$11.8 million (A$12.5 million) share of exploration costs. Additionally, Apache will have an option to earn 40-50% WI in the so-called Acacia permits by funding 80% of the first two exploration wells and, if those are...
Nov 20, 2013
South Pacific Briefs - October 18, 2013• The Windmill-2 appraisal well in PEL 92 in South Australia intersected 13 ft of net oil pay in the Namur sandstone. The appraisal well also encountered 6.5 ft of encouraging oil shows in the Birkhead formation and is the first of four wells operator Beach Energy (75% WI) is drilling in the Windmill field. Cooper Energy holds 25% WI.• The Tingu-1 well in Papua New Guinea encountered elevated gas readings over the primary target Elevala Sandstone as well as the secondary target Toro...
Oct 18, 2013
Licensing Briefs - November 21, 2012• The government of Barbados is set to award BHP Billiton two offshore blocks, Carlisle Bay and Bimshire, said Prime Minister Freundel Stuart. He said the awards are the result of new offshore oil legislation, which paved the way for the concessions. Barbados is one of the Caribbean region's few oil producers. Its last licensing round was in 2008, when it sought bidders to probe the Tobago Trough and Barbados Ridge. The state-owned Barbados National Oil Co. produces 1,000 bopd from onshore...
Nov 21, 2012