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Oil & Gas Exploration and Production

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3D Oil announces board changes and cost reduction initiative

Thursday, 13 Oct 2016 08:28pm EDT

3d Oil Ltd : Has undertaken a major cost reduction initiative which has resulted in board changes and a significant reduction in employee remuneration . Chairman, Campbell Horsfall, and non-executive director Melanie Leydin have offered their resignations as directors of company .Managing director will step up as acting executive chairman.

RSP Permian announces $2.4 bln acquisition of Silver Hill Energy

Thursday, 13 Oct 2016 04:42pm EDT

RSP Permian Inc : RSP Permian announces $2.4 billion acquisition of Silver Hill Energy Partners and provides updates . Deal for $1.25 billion of cash and 31.0 million shares of RSP common stock in aggregate . RSP Permian Kayne Anderson, Ridgemont, Silver Hill shareholders are expected to collectively own approximately 20 percent of RSP's outstanding shares pro forma . RSP Permian Inc - RSP expects to add Kyle D. Miller, CEO of Silver Hill, to RSP's board of directors upon closing Shep II . RSP Permian Inc - RSP expects to add Kyle D. Miller, CEO of Silver Hill, to RSP's board of directors upon closing SHEP II . RSP Permian Inc - RSP's average daily production rate for Q3 of 2016 was 29,761 boe/d (approximately 73 percent oil), a 24 percent increase . RSP Permian - Silver Hill Energy Partners expected to close in Q4, with Silver Hill receiving about $604 million of cash and 15.0 million RSP shares . RSP Permian Inc - Sees 2016 average daily production 28,500 - 29,500 boe/d . Silver Hill E&P II deal to close in Q1, with Silver Hill receiving approximately $646 million of cash and 16.0 million RSP shares . RSP Permian Inc - Estimate net daily production in 2017 to average in range of 52.0 - 56.0 mboe/d (72 percent-74 percent oil) . RSP Permian Inc - Preliminary 2017 total capital expenditure budget, including infrastructure and workovers, is expected to be $570 - $630 million.

Sterling Energy says non-executive chairman resigns

Thursday, 13 Oct 2016 11:00am EDT

Sterling Energy Plc : Nicholas Clayton, non-executive chairman resigned as director of company with immediate effect .Eskil Jersing (CEO) will assume role of interim chairman.

Torchlight announces organizational changes

Thursday, 13 Oct 2016 09:16am EDT

Torchlight Energy Resources Inc : Torchlight announces organizational changes . Torchlight Energy Resources added two independent members to its board of directors . Torchlight Energy Resources board has appointed Greg Mccabe to role of chairman of board . Torchlight Energy Resources - with appointments torchlight will have eight directors .Torchlight Energy Resources - Shockey and Barney are not expected to stand for re-election at Torchlight's annual meeting on December 8, 2016.

KGN Industries to consider appointing Narendra Tundia as CFO

Thursday, 13 Oct 2016 08:00am EDT

KGN Industries Ltd : KGN Industries Ltd says to consider to appoint Narendra Tundia as a director and chief financial officer of the company. .KGN Industries Ltd says to consider resignation of Jignesh Babulal Hirani as a director and chief financial officer of the company..

Udmurtneft appoints general director

Tuesday, 11 Oct 2016 05:38am EDT

Udmurtneft :Says Andrey Topal to replace Evgeny Maslennikov as general director as of October 12.

Lucas Energy receives acceptance of compliance plan from NYSE market

Thursday, 6 Oct 2016 06:55am EDT

Lucas Energy Inc : Lucas Energy receives acceptance of compliance plan from NYSE market . Schnur will remain Chief Executive Officer and a member of board of directors . Board appointed Paul Pinkston to principal financial officer, treasurer and secretary of company effective September 29, 2016 .Company now has until January 21, 2018 to regain compliance with NYSE market continued listing standards.

Clayton Williams Energy says Jaime Casas appointed CFO

Wednesday, 5 Oct 2016 06:21am EDT

Clayton Williams Energy Inc : Says Jaime R. Casas appointed CFO .Effective October 1, Michael L. Pollard resigned as senior vice president and chief financial officer - SEC filing.

Falcon Oil & Gas says appointed Anne Flynn as CFO

Wednesday, 5 Oct 2016 02:00am EDT

Falcon Oil & Gas Ltd : Micheal Gallagher stepped down as cfo with effect from 4 october 2016 to pursue other interests . Falcon Oil & Gas Ltd. announces senior management change .With effect from 5 October 2016, falcon has appointed Anne Flynn as CFO.

International Frontier Resources appoints Steve Hanson as CEO

Tuesday, 4 Oct 2016 09:00am EDT

International Frontier Resources Corp : Says Steve Hanson appointed CEO . Pat Boswell, previously CEO and chairman of board, has transitioned to chairman Emeritus .International Frontier Resources announces management changes.

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