focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
BG GROUP plc Egyptian government pays $350 million to BG Group Share On Facebook Print Alert TIDMBG. RNS Number : 0917B BG GROUP plc 02 January 2015 News Release 2 January 2015 Egyptian government pays US$350 million to BG Group Following the commitment from the Egyptian government to repay outstanding debts to the energy industry, BG Group plc (LSE: BG.L), a world leader in exploration and LNG, has received a further payment equivalent to US$350 million. This reduces the company's domestic receivables balance in Egypt to around US$920 million. While the Group has been impacted by the reduction of LNG exports from Egypt, the company continues to investigate options for increasing the supply of gas and is working with the government on resolving the outstanding receivable balance. -ends- Notes to Editors: BG Group plc (LSE: BG.L) is a world leader in natural gas, with a broad portfolio of business interests focused on exploration and production and liquefied natural gas. Active in more than 20 countries on five continents, BG Group combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves. For further information visit: www.bg-group.com There are matters set out within this announcement that are forward-looking statements. Such statements are only predictions, and actual events or results may differ materially. For a discussion of important factors which could cause actual results to differ from these forward-looking statements, refer to BG Group's Annual Report and Accounts for the year ended 31 December 2013. BG Group does not undertake any obligation to update publicly, or revise, forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required. Contact: Media Lachlan Johnston +44 (0) 118 929 2942 lachlan.johnston@bg-group.com Kim Blomley: +44 (0) 118 938 6568 kim.blomley@bg-group.com Out of Hours Media Mobile: +44 (0) 7917 185 707 Investors Mark Lidiard: +44 (0) 118 929 2079 mark.lidiard@bg-group.com Siobhán Andrews: +44 (0) 118 929 3171 siobhan.andrews@bg-group.com Angus Barry: +44 (0) 118 929 2997 angus.barry@bg-group.com Ian Wood: +44 (0) 118 929 3829 ian.wood@bg-group.com Investor Relations: +44 (0) 118 929 3025 invrel@bg-group.com Social media channels: Flickr flickr.com/bggroup Twitter twitter.com/BGGroup You Tube youtube.com/bggroupofficial This information is provided by RNS The company news service
PRESS RELEASE 29 December 2014 WENTWORTH RESOURCES LIMITED ("Wentworth" or "the Company") Tembo-1 Exploration Well Drilling Complete Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, announces that drilling operations of the Tembo-1 well have now completed and a natural gas discovery has been made in Cretaceous aged sands. The well was drilled to a total depth of 4,553 meters (4,401 meters True Vertical Depth Sub Sea) and reached TD in Jurassic aged sediments. Petrophysical analysis of the Cretaceous section indicates 11 meters of natural gas net pay. Natural gas and some condensate was recovered by modular formation dynamics testing ("MDT") confirming the petrophysical analysis. The Onshore Rovuma Partners do not plan any further evaluation of the Tembo well at this time but will assess all the data recovered from this well to determine the potential commerciality of this discovery. The Tembo-1 well has been plugged and abandoned and the drilling rig is now being mobilized to the Kifaru-1 well location. It is expected that the Kifaru-1 well, which is approximately 10 kilometers south of Wentworth's Mnazi Bay Concession in Tanzania, will spud in Q1 2015. This well is targeting Miocene sands, similar to the reservoirs in the Mnazi Bay and Msimbati gas fields, as well as Eocene and Cretaceous sands. Wentworth holds a 13.64% participation interest in exploration operations and an 11.59% participation interest in development and production operations of the Rovuma Onshore Concession in Mozambique. Anadarko Petroleum Corporation is operator. Bob McBean, Executive Chairman, commented: "The Tembo-1 well was an exciting well and has provided additional information about the Rovuma basin. We look forward to our continued exploration in the Onshore Rovuma Block with the spudding of the Kifaru-1 well. With our imminent gas production in southern Tanzania on track, 2015 should be a transformational year for Wentworth". -Ends- Enquiries: Geoffrey Bury, gpb@wentworthresources.com Wentworth Managing Director +1 403 993 4450 Lance Mierendorf, lance.mierendorf@wentworthresources.com Chief Financial Officer +1 403 680 8773 Katherine Roe katherine.roe@wentworthresources.com Head of Investor Relations & Corporate Communications +44 7841 087 230 Swedbank First Securities Broker(Norway) +47 23 2
Gem Diamonds Limited Director's Purchase of Shares Share On Facebook Print Alert TIDMGEMD RNS Number : 7762A Gem Diamonds Limited 29 December 2014 29 December 2014 GEM DIAMONDS LIMITED ("Gem Diamonds" or "the Company") Director's Purchase of Shares Gem Diamonds, LSE: GEMD announces that it was notified on 24(th) December 2014 by Mr Gavin Beevers, a non-Executive Director of the Company, that he had purchased 14,800 shares in Gem Diamonds at a price of 169 pence per share. His holding of ordinary shares in the Company is now 159,964 shares, representing approximately 0.11% of the Company's issued share capital. For further information: Gem Diamonds Limited Andre Confavreux, Company Secretary Tel: +44 203 043 0280 This information is provided by RNS The company news service from the London Stock Exchange END RDSEAPAPAFALFFF
Dragon Oil PLC Block 9, Iraq: Exploration Well Update Date : 29/12/2014 @ 07:00 Source : UK Regulatory (RNS & others) Stock : Dragon Oil (DGO) Quote : 515.0 0.0 (0.00%) @ 05:00 HOME » LSE » LSE » Dragon Oil share price Dragon Oil PLC Block 9, Iraq: Exploration Well Update Share On Facebook Print Alert TIDMDGO RNS Number : 7751A Dragon Oil PLC 29 December 2014 29 December 2014 DRAGON OIL PLC (the "Company" or together with its subsidiaries "Dragon Oil" or the "Group") Block 9, Iraq: Exploration Well Update Dragon Oil plc (Ticker: DGO), an international oil and gas exploration, development and production company, advises that Kuwait Energy, Dragon Oil's partner in Block 9, Iraq (Dragon Oil 30% interest), today issued the following update on the exploration well, Faihaa-1, drilled in the block. FAIHAA-1 WELL UPDATE "Kuwait Energy ("the Company") announces that the consortium comprised of Kuwait Energy (70% and operator) and Dragon Oil (30%) has made its second oil discovery at 'Block 9', Iraq. The successful discovery was at the consortium's second target, the Yamama formation at 4,000 meters, in its Block 9 exploration well, 'Faihaa-1', located in Northern Basra, Iraq. Preliminary tests of the Faihaa-1 Yamama formation resulted in oil flow rates of circa 5,000 and 8,000 BOPD of 35 API crude on 32"/64" and 64"/64" chokes respectively. The consortium will conduct more detailed testing on Yamama towards the end of the year." - end - For further information please contact: Investor and analyst enquiries Dragon Oil plc (+44 (0)20 7647 7800) Anna Gavrilova Media enquiries Citigate Dewe Rogerson (+44 (0)20 7638 9571) Martin Jackson About Dragon Oil Dragon Oil plc is an international oil and gas exploration, development and production company, quoted on the London and Irish Stock exchanges (Ticker symbol: DGO). Its principal producing asset is in the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan. Dragon Oil (Turkmenistan) Ltd., a wholly owned subsidiary of Dragon Oil plc, holds 100% interest in, and is the operator of, the Production Sharing Agreement for the Cheleken Contract Area. The operational focus is on the re-development of two oil and gas producing fields, Dzheitune (Lam) and Dzhygalybeg (Zhdanov). The Group has exploration blocks in Tunisia, Iraq, Afghanistan, Egypt, the Philippines and Algeria. Dragon Oil's diversification strategy is to add exploration and production assets within Africa, parts of Asia and the Middle East in order to create a diversified and balanced portfolio of assets for the Group. www.dragonoil.com Disclaimer This news release may contain forward-looking statements concerning the financial condition and resu