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MTAMon, 14th Oct 2013 13:48
Simon Thompson, a Non-Executive Director of FTSE 100 resources company Tullow Oil, has added 8,419 shares to his stake in the firm following its announcement of a recent discovery. The discovery saw the company source further oil in the first exploration well at one of its Kenyan projects, increasi
Read moreKazakhstan-focused Roxi Petroleum saw its shares dive after it revealed that well NK-10 in its Galaz contract area has a high water content with only minor gas and oil film shows. The well, which was drilled late last year, will now be plugged and abandoned. The exploration and appraisal work being
Read moreMatra, an independent oil and gas exploration and production company with operations in Russia, has said that the timings of commissioning of certain facilities and production start-up at the Sokolovskoe oil field may be pushed back by four to six weeks. The firm attributed the delay to the spring
Read moreMatra Petroleum, an independent oil and gas exploration and production company, has raised £0.35m in the second stage of a placing, bringing its total to £1.2m. The firm placed the further 70m shares with Delek Energy Systems on top of the 170m already placed. The funds raised will be used for w
Read moreMatra Petroleum, an oil and gas exploration and production company, has raised £0.85m through the placing of 170m new ordinary shares. The funds generated will be used to initiate production from well A-13 at its wholly owned Sokolovskoe oil field and as well as for working capital. Following ad
Read moreMatra, an oil and gas exploration and production company, has reported indications of water influx at a well in the Sokolovskoe field in Russia. The influx is coming from behind the liner and is possibly from the higher Franski zone, the firm said. As a result of the findings, the workover rig h
Read moreMatra, an oil and gas exploration and production company, saw its share price take a huge tumble on Wednesday after reporting that it has had to shut-in a well at its Sokolovskoe Field site in Russia. Well-12 had experienced a build-up of wax in the tubing and an increase in water means the well h
Read moreStocks are still under the cosh, with some weak employment data adding to the general malaise. Dole claims rose the most since May 2009 last month as pressures on the British economy intensified. The Office for National Statistics (ONS) said that the number of people claiming unemployment rose to 3
Read moreMatra Petroleum, the Russia focussed oil and gas company says the quality of oil produced at its Sokolovskoe field suggests "robust economics", in other words, sustained profitability. The next stage of development at Sokolovskoe will be a 3D seismic survey across the entire field. Revenue in the
Read moreShares moved higher on both sides of the Atlantic amid hopes that European and US leaders are making progress towards agreeing solutions to debt problems. It was US corporate news that boosted today's star sector in London though. Chip companies ARM Holdings and Imagination Technologies sizzled aft
Read moreShares in Russia-focused oil and gas firm Matra Petroleum plunged by over a third on Wednesday after the AIM-listed explorer reported a leak at its operations in the Sokolovskoe Field. After a planned workover on well-12 finished last month, the well was returned to production on 2 July. While the
Read moreAfter a directionless start, the top share index fell deep into the red ahead of the close, with some unfavourable US economic data denting sentiment. Rio Tinto held out to finish with gains. The mining giant announced today that it is to establish a large-scale presence in commodity hungry China
Read moreShares in Matra Petroleum fell back after the Russia-focused oil group reported a leak at a well in its Sokolovskoe field. The leak seems to have developed in the latter stages of an acid treatment and clean-up operation, Matra said. "This has allowed water to enter the well and is affecting well
Read moreRussia-focused oil and gas firm Matra Petroleum said production has started on both of its wells in the Sokolovskoe field. Neither well has yet stabilised and, as expected, both will either require acid stimulation or pump installation, or both, to maximise production rates. Well 13 is currently p
Read moreEngineering firm 600 Group says the improvement in its global markets has continued, with order intake since October 25% above the same period in 2009. The confirmed order book was 40% higher. "The recovery of our machine tool and precision engineered component markets in North America has continue
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