In the bought deal financing, the company issued over 6.8mln subscription receipts at $0.39 each
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The first few days of October saw volumes rise above the initial 2,000 bopd rate, meanwhile, new wells continue to be optimised and further new drilling is just around the corner
The royalty cancellation comes as the partners prepare to step up exploration and appraisal activities in the Beetaloo shale project, in Australia's Northern Territory
It sets Eco and partner Tullow Oil up to drill the Osprey exploration well next year, but ahead of that attention will be on an upcoming Chariot Oil & Gas well which will be the next test in the frontier
"We are very pleased to announce the completion of this transaction, which simplifies our corporate structure, bringing all of our subsidiaries under Eco Atlantic's sole and wholly owned ownership,” said Gil Holzman
BP is getting back to growth, according to Berenberg, which is starting its coverage with a 'buy' recommendation.
The pair have similar sized assets, said analysts at Mackie
The throwing out of a California bill paves the way for Cadiz to pump as much as 16.3bn gallons of water from its wells underneath the Mojave Desert
The company will receive US$16mln in cash as part of the sale, but it will retain certain assets related to fuel cell propulsion systems for military and commercial unmanned vehicles
Kinder Morgan Canada's TransMountain pipeline hangs in the balance, as a federal court in Canada overturns an approval, but shareholders scramble to vote in favour
As long as Weichai maintains a 15% stake in Ballard it will have the right to nominate two directors to Ballard's board, which will expand to nine directors from seven
"We believe this is a difficult but necessary step for Petrotrin, and we look forward to working with them as a partner while they transition the business and return to profitability,” said Paul Baay
Seismic interpretation, a farm-out milestone and a new competent persons report are in September's schedule
Spectra is what's called a master limited partnership and owns interests in pipeline and storage facilities.
Falcon Oil & Gas narrowed its first-half loss as it continued to focus on tight cost control
It's been reported that Tesla has enlisted the help of crisis communications firm, Joele Frank
As reported last October, Pulse acquired from Crimson the Nisku-D pool and the Nisku-E pool acreage for a total purchase price of C$4,101,525
“In strengthening our balance sheet, we are able to continue to focus on securing a financing package for the highly prospective OPL 226 project offshore Nigeria"
"We are as frustrated as Essar Mauritius is about the length of time it has taken to get the project to this stage,” said Arthur Mullholland, COPL chief executive
Securing a 'significantly larger' financing package for Nigeria appraisal and development programmes remains the main priority for COPL.
CEO Shawn Qu said the company incurred a large foreign exchange loss due to the depreciation of currencies against the US dollar during the quarter
The new members are Peter Dorrins and Diana Goldstein
The conference is a virtual event that is available over the internet, and interested parties may participate by clicking on the following link at the time of the conference: http://www.lythampartners.com/vic.aspx
"I am pleased to report that we now have drilled the first seven wells of the ten well programme,” said Paul Baay, Touchstone chief executive
The company said funds raised will be used towards general working capital