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Oil and gas explorer San Leon Energy has unveiled a positive set of initial results from the Siciny-2 well in Poland, saying they have proved the 'huge upside potential' of the carboniferous basin. The firm said it encountered continuous gas shows throughout the well and that based on the results
Read moreATH Resources lost almost half its value on Thursday after it said a big drop in coal prices had hit trading hard and it was in discussions with its banks. "International coal prices have fallen by some 21% since the beginning of the calendar year and by over 28% since the beginning of the group's f
Read moreUK- and Ireland-focused oil and gas group Providence Resources has announced that testing at its Barryroe well, offshore southern Ireland, has proven the reservoirs to be highly productive. The productivity of the the gas bearing interval on the 48/24-10z Barryroe appraisal well far exceeded expect
Read moreOil explorer Providence Resources has found more oil than expected at its Barryroe well off the coast of Ireland. Tests showed flow rates at the site were 3,514 barrels of oil equivalent per day - almost double its pre-drill target of 1,800. Gas flow rates were 4,000 barrels of oil equivalent per
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 more- Moody's downgrades six nations, three ratings outlooks cut to negative. - Miners provide a drag in London. News that Moody's had downgraded its ratings on several Eurozone nations and revised its outlook on others, including the UK, weighed on the Footsie in early trading on Tuesday. Miners were
Read moreSan Leon Energy, the oil and gas company currently exploring in Poland, says drilling at one of its sites has encountered "continuous gas shows". The Siciny-2 well was dug to a depth of 3,520 metres, encountering five prospective "intervals", two of which were previously unidentified. The company
Read moreSan Leon Energy, an oil and gas explorer, says drilling at a concession in Poland has "encountered continuous gas shows". The results at the "Braniewo S" dig indicate a wet gas system, although there were also indications of oil. Evaluation of the coring samples taking during drilling is expected
Read moreSweett Group, an international property and construction consultancy, has entered into a pre-paid option agreement for the conditional disposal by its subsidiary company Cyril Sweett Investments of its 19% interest in the equity of E4i Holdings and loan notes in its subsidiary company, E4i Schools L
Read moreEurope- and North Africa-focused oil and gas group San Leon Energy has today announced significant progress on its 100% owned Durresi License (4,208 km2) in Albania, in the form of the final processed volumes from its 840 km2 3D seismic survey. The Durresi license was granted to San Leon in Februar
Read moreSan Leon Energy, the north Africa-focused oil and gas explorer, says it has achieved "connectivity" between two test wells at its Tarfaya oil shale project in Morocco. The company says test well A and B are "hydraulically connected through a permeable zone from 191.00 to 197.62 meters below ground
Read moreOil and gas exploration and production company Providence Resources has taken delivery of the GSF Arctic III semi-submersible drilling rig for the upcoming appraisal drilling programme at Barryroe, off the coast of Ireland. The rig is currently being mobilised to Irish waters from the North Sea, a
Read moreThe Irish energy ministry has dished out a standard exploration licence for the Barryoe oil discovery in the North Celtic Sea basin to a consortium comprising Providence Resources, San Leon Energy and Lansdowne Oil and Gas. Licence 1/11, which has been awarded for a period of up to six years and is
Read moreSan Leon Energy, the oil and gas exploration and development company focusing on projects in Poland and Morocco, has swung back into the black. The return to profit came after a €3.5m payment from OMV when San Leon relinquished its interest in the Rockall license in March. Revenue for the six mon
Read moreEurope- and North Africa-focused oil and gas group San Leon Energy has had to plug its first low-cost conventional exploration well in the Nida Concession as a dry hole, at a total estimated cost of 700,000 euros. The disappointing results came after the well, in southern Poland, was successfully
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