Oil & Gas Exploration and Production

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First Mountain Exploration Inc proposes private placement

Tuesday, 16 Sep 2014 07:12pm EDT

First Mountain Exploration Inc:Says that it has finalized terms and conditions of on-brokered equity private placement.Offering will consist of issuance of up to 13,000,000 common shares of the company at a price of C$0.06 per common share and for aggregate gross proceeds up to C$780,000.Net proceeds of offering shall be primarily used for the company's general corporate purposes.Closing of offering is expected to occur on or about Sept. 26.

Continental Energy Corporation to sell stake in Norwegian Affiliate

Tuesday, 16 Sep 2014 01:00pm EDT

Continental Energy Corporation:Reaches an agreement for sale of its 51 pct shareholding stake in Visionaire Energy AS (VEN) to Visionaire Invest AS (Visionaire) of Horton, Norway, for consideration of $ 1,200,000.Both are privately owned, offshore oil and gas service providers based in Bergen, Norway.Visionaire will pay company $ 200,000 cash and transfer the 20 mln common shares back to the Company at closing.Closing of the sale is subject to and conditional upon the approval of Visionaire's shareholders and the Company's shareholders which shall be sought at the Company's upcoming Annual General Meeting in November 2014.

MENA Hydrocarbons Inc enters into share purchase agreement with SacOil Holdings Limited

Tuesday, 16 Sep 2014 09:18am EDT

MENA Hydrocarbons Inc:Entered into a share purchase agreement with SacOil Holdings Limited.SacOil will acquire Mena International Petroleum Company Ltd, a Cyprus-registered exploration and production company, from Mena International Petroleum Holdings Company Ltd, a subsidiary of the company.Purchase price is $14,100,000.

Bill Barrett Corp lowers FY 2014 production outlook; gives Q3 2014 production outlook

Tuesday, 16 Sep 2014 07:32am EDT

Bill Barrett Corp:Expects FY 2014 total production of 9.4-9.8 mln barrels of oil equivalent (MMBoe).This reduces previous guidance by about 1.4 MMBoe, about 10 pct oil, as a result of production attributable to sold assets.Expects FY 2014 exit rate production to be about 21 MBoe/d.Expects Q3 2014 total production to range between 2.6-2.7 MMBoe.

Magnum Hunter Resources Corp announces partnership with Morgan Stanley Infrastructure on Eureka Hunter

Tuesday, 16 Sep 2014 07:00am EDT

Magnum Hunter Resources Corp:Entered into transaction agreement with an affiliate of Morgan Stanley Infrastructure Inc.Relating to separate purchase agreement between MSI and Ridgeline Midstream Holdings, LLC, an affiliate of ArcLight Capital Partners, LLC, providing for purchase by MSI of all convertible preferred and common equity interests in Eureka Hunter Holdings, LLC owned by ArcLight.Transaction agreement includes new limited liability company agreement at Eureka Hunter to be entered into by Magnum Hunter, MSI and minority interest members of Eureka Hunter contemporaneously with closing of MSI's purchase of ArcLight's equity interests in Eureka Hunter.Such closing is expected to occur in early Oct. 2014.Connection with such closing, all preferred equity interests in Eureka Hunter acquired by MSI from ArcLight (about 41 pct of total equity interests in Eureka Hunter).

Endeavour International Corp revises Q3 2014 production guidance

Monday, 15 Sep 2014 04:30pm EDT

Endeavour International Corp:Revises Q3 2014 guidance down 500 barrels of oil equivalent per day (boepd) to 9,000 -- 10,000 boepd.

Abraxas Petroleum Corp raises Q3 2014 production guidance

Monday, 15 Sep 2014 04:14pm EDT

Abraxas Petroleum Corp:Raises company's Q3 2014 production guidance.Expects Q3 2014 production of 6,900 - 7,000 Boepd ( previous 6,500 - 6,700 Boepd).

Arsenal Energy Inc gives Q3 2014 production guidance

Monday, 15 Sep 2014 07:30am EDT

Arsenal Energy Inc:Expects Q3 2014 total production to average about 4,700 boe per day.

Miller Energy Resources Inc announces changes to its management and non-binding letter of intent to purchase Buccaneer Energy's Alaskan Operating assets

Monday, 15 Sep 2014 07:00am EDT

Miller Energy Resources Inc:Says Carl F. Giesler, Jr. joins Miller as Chief Executive Officer and member of the board of directors.Says Scott M. Boruff is now executive Chairman of the company.Says Deloy Miller will retire as Chairman of the Board and resign as a director.Says Haag Sherman will join the board of directors to fill that vacancy.Says enters into non-binding letter of intent to buy substantially all Alaskan operating assets Buccaneer Energy for about $40 to $50 million.Buccaneer Energy has about 1.9 MMBoe of proved reserves and produces approximately 1.7 MBoepd.Company will fund potential purchase with its existing facilities or other borrowings.

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