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Canada and Ireland-focused oil and gas group Enegi Oil says that field studies on areas of interest within the Clare Basin in Southern Ireland have been 'extremely encouraging' and indicated higher-than-expected prospectively. Further testing is ongoing. The firm also announced that it has appointe
Read moreRoxi Petroleum, an Asian oil and gas firm with a focus on Kazakhstan, has drawn encouragement from test drilling of the NK8 well on its Galaz asset. Drilling has reached a total depth of 1,378 metres and has been tested at an interval between 1,291 - 1,296 meters using choke sizes ranging between 5
Read moreWildhorse Energy, the specialist underground coal gasification (UCG) company, has signed a cooperation agreement with the Hungarian government to allow UCG projects in the country. In a statement Wildhorse says: "Both parties believe that this could provide Hungary with an opportunity to develop its
Read moreAngel Mining shares fell on Tuesday despite announcing a new monthly gold production record that gave it confidence its Nalanuq mine would soon hit commercial production targets. Investors pushed the shares down 3.5% after the firm also announced it had discovered a fault running just above the gol
Read moreRoxi Petroleum, a Central Asian oil and gas company, said drilling of the well NK7 Galaz contract area has reached a total depth of 1,360 metres and preliminary interpretation indicates that the well encountered oil bearing zones. Once the evaluation work led by its partners is complete, perforation
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 moreRoxi, the Central Asian oil and gas company, has announced that Bakmura, a subsidiary of the Korean National Oil Corporation, has agreed to the farm-out of the BNG Contract Area licence. The Korean firm will pay an initial cash consideration of $5m and will invest a further $25m in the BNG Contract
Read moreTrapoil, the North Sea gas and oil explorer, has reported that operations have begun on the Orchid exploration prospect, where it has a 15% interest. This marks the start of the firm's 2012 exploration programme, which it is currently intended will include the drilling of up to a total of seven well
Read moreShares of Kazakhstan focused Roxi Petroleum rose 10% after the Kazakh government gave the green light to gas flaring on the NW Konys Field for the next two years. The Republic of Kazakhstan's Ministry of Oil & Gas approval, for the period 2012 to 2014, is the final regulatory consent needed before
Read moreRoxi Petroleum, the Central Asian oil and gas company with a focus on Kazakhstan, has begun drilling on its NK-9 well. The plan is to drill to a total depth of 1,500 metres to assess the discovery in the south channel of the Galaz block. Drilling operations are being coordinated by the firm's op
Read moreThe trading update from the catering giant Compass did not do much for its share price yesterday. This is a resilient business with a strong balance sheet, so much so that some analysts are eyeing the possibility of a capital return to shareholders in the not-too-distant future. Moreover, on multipl
Read moreTroubled exploration firm Roxi Petroleum saw its interim revenue and profits boosted by a one-off transaction but warned it still cannot speak with confidence about its future. Although profits for the six months to 30 June were buoyed by the $50m farm-out arrangement with LGI in January, the grou
Read moreKazakhstan-focused oil and gas firm Roxi Petroleum saw its share price rocket from 2.88p to 4.25p on Wednesday on speculation of a huge oil discovery. The 48% surge was driven by rumours of a 900m barrel find, according to a report in the Financial Times. However, Roxi quashed the gossip on Thursd
Read moreKazakhstan's Ministry of Oil and Gas has extended a contract allowing Roxi Petroleum, the Central Asian oil and gas company, to develop two wells in the country by two years to June 2013. The contract "allows us to prepare for what should be an exciting two years exploring and appraising some of th
Read moreRoxi Petroleum, the Central Asian oil and gas company with a focus on Kazakhstan, has today announced a preliminary 2010 loss after tax of $48m, versus last year´s loss of $31m. A hard year no doubt for an exploration firm which barely generates any revenues. Those amounted to just 123,000 for all o
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