North Sea oil company Trap Oil could run out of cash in July
12th June 2015
Company says in talks to dispose of licence interests but no certainty of deal. Shares in Trap Oil, the North Sea exploration and production minnow, surged earlier this week, but ...
http://goo.gl/QTPDyP
Azonto Petroleum (AZO) Côte d'Ivoire: expectations rise
12/06/15 08:32
http://hotcopper.com.au/threads/azonto-petroleum-azo-c%C3%B4te-divoire-expectations-rise.2533405/?post_id=15453907#.VXqGDPlVhUY
A new discovery in the Ivory Coast's western waters could be key to the government's plans to raise oil production rapidly by 2019.
The Ivorian government is promising a revolution in activity to raise the sector's output almost tenfold over the next five years.
Azonto Petroleum (ASX: APY, AIM: AZO), continues to progress development of its Gazelle Gas Field in Block CI-202 offshore Côte d’Ivoire.
UK-based Azonto Petroleum is a 35 per cent shareholder in Vioco Petroleum, which holds 87 per cent of working interest in the CI-202 Block. Vitol E&P holds the remaining 65 per cent interest in Vioco Petroleum.
Gazelle has best estimate resources of 85 billion cubic feet of gas.
Rise of US fracking causes seismic shift in North Sea oil
12th June 2015
http://goo.gl/1b8u0A
Shale oil has seen America replace Saudi Arabia as the world’s biggest producer, but it has also caused prices to plunge and, as Environment Editor Tom Bawden reports