What the Analysts are Saying About A & D - January 14, 2015Roxi Petroleum (RXP:LN; 10 5p Jan 8; Not Rated) Roxi Galaz asset sale Stock 11% on the back of RXP signing a non binding heads of terms to sell its 34% stake in the Galaz contract area to Xinjiang Zhundong Petroleum for ~$28mm (net proceeds) The proceeds would fund at least four deep wells at its BNG block including the Baverstock carry (~$12mm) agreed on the acquisition of Eragon Petroleum The BNG story has been driving the stock with results from the A5 Deep oil discovery...
Jan 14, 2015
Landsdowne & Providence swap assetsLansdowne Oil and Gas Plc and Providence Resources Plc are swapping assets in the Irish North Celtic Sea. Lansdowne is assigning Providence a 20% interest and operatorship in licensing option 08/1, the Barryroe oil discovery.
Within the Barryroe area, Cretaceous Middle and Lower Wealden reservoir sands range at between 1,400m and 2,300m subsea with wells tested at between 1,300 and 1,600 b/d. The Barryroe partners plan to contract in a new 3D seismic program during the spring of...
Jan 01, 2011
Capital Market Briefs - May 24, 2013• In advance of perhaps new investment in the subcontinent's energy resources, BP said its board of directors gathered in India for the first time to "gain an understanding of the opportunities in the country." The board also met with government dignitaries including president Pranab Mukherjee. BP Chairman Carl-Henric Svanberg said that the company is working with Indian partner Reliance Industries to "support the efficient and cost-effective development of India's energy resources."•...
May 24, 2013
Earnings Briefs - January 01, 1993• Addington Resources reported third quarter net income of $3.556 million ($.23/share) on revenues of $77.787 million, compared to last year's third quarter income of $1.927 million ($.13/share) on revenues of $70.877 million.
• Alamco Inc. reported third quarter income of $257,000 ($.10/share) on revenues of $2.707 million, compared to third quarter loss of $383,000 ($.15/share) on revenues of $2.118 million in 1991.
• Allegheny & Western reported third quarter net loss of $1.579 million...
Jan 01, 1993