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Irish oil exploration group Petrel Resources took flight after saying detailed modelling of Quad 35, part of its 11/4 licensing option in the Irish Atlantic Margin, indicated a potential payload of one billion barrels. As an added bonus, the targets are accessible with one well. The Nostra Terra O
Read moreUS-focused oil and gas producer Nostra Terra is to abandon work on the first well drilled at its Bale Creek prospect to concentrate on the second well drilled, which is now producing oil at a rate of 2.5 barrels per hour. Nighthawk Energy, a US-focused shale oil development and production company,
Read moreMining company Red Rock Resources has discovered extensions to the folded banded iron formation at Havik East, Greenland. Having returned to the drilling site after initial drilling in July, the strike length of the banded iron formation (BIF) has been confirmed at 1,500 metres, with a 250 metres do
Read moreAstar Minerals, an operator of quarries in British Columbia, has signed a heads of terms with Aggregates West to operate a number of quarries based in an area between the US/Canadian border and Seattle. Aggregates West as a number of sites with high quality reserves of sand and gravel and either own
Read moreNoricum Gold, an exploration and development company, has delivered 'highly positive' results from surveys covering 28 square kilometres of the prospective Rotgulden licence area in Austria. The results re-affirmed the huge old and multi-element potential of the Rotgulden licence area and identified
Read moreNostra Terra, an AIM-listed oil and gas producer, has entered into an agreement with Ward Petroleum to acquire a 20 per cent working interest in the Chisholm Trail Prospect in Oklahoma. The acquisition was made to enhance the firm's portfolio of wells in areas where proven horizontal drilling and
Read moreNostra Terra, the AIM quoted oil and gas producer, said it had signed an agreement with the operators at its Verde prospect in Colorado to drill a second development well. The second well is currently being permitted, the firm said, with drilling expected to begin around the end of September. The
Read moreZincOx Resources rose on Tuesday after the firm announced its Korean Recycling Plant had been commissioned and was in production and ramp-up mode. The commissioning process had been delayed after problems with gas burners. The firm said the ramp-up process was on track to take four months. Its share
Read moreNostra Terra, an oil and gas producer, has begun drilling on the third horizontal well in Oklahoma, while the first two have completed drilling and are awaiting completion in the next few weeks. The second well encountered some technical difficulties although these were overcome. Drilling of the Bal
Read moreGulf Keystone has begun drilling on the Bakrman-1 exploration well spudded on the Akri-Bijeel block in the Kurdistan Region of Iraq. It is the third exploration well to be drilled at the site as part of an appraisal of the Bijell discovery. The appraisal is part of a much larger exploration programm
Read moreShares in oil exploration technology firm ViaLogy leapt in early trading on Monday after the firm said one of the early adopters of its technology, Atascosa Exploration had successfully drilled another oil well in Texas using analysis provided by ViaLogy products. The latest success is the third com
Read moreNostra Terra Oil and Gas, has commenced foreclosure proceedings against Richfield Oil & Gas Company, formerly Hewitt Petroleum, after Richfield failed to repay any of a loan agreed on April 14th, 2011. Under the agreement, a $1.3m secured loan note, which has been accruing interest at 10% per annu
Read moreNostra Terra Oil and Gas has given a loan extension to debtor Hewitt Petroleum. Nostra has granted the company a further 30 days to repay the final tranche of a $1.3m loan, the terms of which were originally announced in April. Settlement is now expected by the end of this month, giving Nostra inv
Read moreNostra Terra, the AIM-listed oil and gas producer with assets in the USA, saw its share price rise on news that its Verde well is producing above expectations. The Verde Prospect unit, in which the company has a 16.25% working interest, produced an average rate of 64 barrels of oil per day, with 1
Read moreShares failed to recover from an early slide as ongoing worries over the Eurozone situation continued to cast a shadow. The FTSE 100 closed down 108 points. Greek Prime Minister George Papandreou has cancelled a planned trip to the US to guide Greece through what could be a critical seven day peri
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