Oil & Gas Exploration and Production

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CAMAC Energy to acquire 3D Seismic Offshore Gambia

Monday, 15 Dec 2014 08:00am EST

CAMAC Energy Inc:Says that its wholly owned subsidiary, CAMAC Energy Gambia Ltd, awarded contract for the acquisition of 3D seismic survey to Polarcus Limited.The survey will cover about 1,504 km(2)in the company's A2 and A5 blocks offshore Gambia.

Rex International Holding Ltd completes acquisition of RTM

Friday, 12 Dec 2014 04:50am EST

Rex International Holding Ltd:Completed the acquisition of a 100 pct shareholding interest in Rex Technology Management Ltd (RTM), including the latter’s suite of exploration technologies, Rex Technologies, comprising Rex Virtual Drilling, Rex Gravity and Rex Seepage.The final consideration, comprising a nominal price of $1 (US) and a loan repayment of $8.5 million (US), is fully funded by proceeds from the company’s recent private placement exercise, which raised S$95.76 million.

Nido Petroleum announces cash offer for Galoc Production Company WLL

Thursday, 11 Dec 2014 08:15pm EST

Nido Petroleum Ltd and Otto Energy Ltd:Executes a sale and purchase agreement (SPA) whereby Nido will acquire 100 pct of the shares in Galoc Production Company WLL (GPC), the holder of Otto’s 33 pct working interest in the Galoc oil field, located in Service Contract 14C1 in Philippines.Under the terms of the SPA, Nido will pay Otto US$108 mln based on the value of GPC as at July 1.Completion of the transaction is conditional on Otto shareholder approval.Nido intends to fund the acquisition through a combination of existing cash reserves and debt.

Rocksource ASA: EPSI AS launches offer for Rocksource

Wednesday, 10 Dec 2014 02:47am EST

Rocksource ASA:Says EPSI has launched a mandatory offer to acquire all the issued and outstanding shares in Rocksource ASA at a price of 6.00 Norwegian crowns per share.The offer period in the Mandatory Offer runs from and including 10 Dec 2014 to 16:30 hours (CET) on 21 Jan 2015.

FLEX LNG issues statement regarding mandatory offer from Geveran Trading Co. Ltd

Tuesday, 9 Dec 2014 10:40am EST

FLEX LNG Ltd:Board makes statement regarding mandatory offer from Geveran Trading Co. Ltd.As of Dec. 9, Geveran Trading Co Ltd (the “Offeror”) controls 46.75 pct of the company's outstanding shares.Says based on an overall assessment, it is the board’s view that the offer price is at the very low end of what it considers to be the fair market value of the company.Says the board has concluded not to recommend that the company’s shareholders with a long term investment horizon accept the offer.

Whiting Petroleum Corp completes acquisition of Kodiak Oil & Gas

Monday, 8 Dec 2014 07:00am EST

Whiting Petroleum Corp:Completes acquisition of Kodiak Oil & Gas Corp. (Kodiak), creating the largest Bakken/Three Forks producer.Closing of the transaction follows the issuance of a final order by the Supreme Court of British Columbia approving the Arrangement on Dec. 5.All-stock transaction was previously approved by Whiting stockholders and Kodiak securityholders at special meetings held on Dec. 3.

Platino Energy Corp Announces Closing of CEDCO acquisition

Friday, 5 Dec 2014 09:01am EST

Platino Energy Corp:Closed previously announced acquisition of all shares of Colombia Energy Development Company (CEDCO).Pursuant to purchase agreement dated Oct. 13, 2014.Says aggregate purchase price paid by on closing was about $49 mln in cash.

Southwestern Energy Co acquires oil and gas assets

Tuesday, 2 Dec 2014 04:05pm EST

Southwestern Energy Co:Has signed an agreement to purchase oil and gas assets including about 46,700 net acres in northeast Pennsylvania from WPX Energy Inc.Says acquisition for about $300 mln, subject to customary closing conditions.Intends to use its revolving credit facility to finance the acquisition.

Egdon Resources Plc Completes acquisition of Yorkshire Exploration Ltd

Tuesday, 2 Dec 2014 02:00am EST

Egdon Resources Plc:Completes acquisition of the entire issued share capital of Yorkshire Exploration Limited (YEL).YEL is a private company, which holds an 8 pct interest in Petroleum Exploration and Production Licence PEDL068 in North Yorkshire and Cleveland in the Cleveland Basin. Egdon is operator of PEDL068 with a 40 pct interest.As consideration for the acquisition, Egdon has issued 546,448 Ordinary Shares to the previous shareholders of YEL.

Hyduke Energy Services Inc announces acquisition of Thunder & Lightning Welding Ltd

Monday, 1 Dec 2014 11:37pm EST

Hyduke Energy Services Inc:Says that it has completed the acquisition of all the issued and outstanding shares of Thunder & Lightning Welding Ltd, situated in Nisku, Alberta.The transaction was funded with cash.

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