Cooper Energy Ltd : Contract of employment for company's managing director, David Maxwell, has been extended until 31 July 2019 .Have been no other material changes to contract, and Maxwell's salary is unchanged by revision.
Magnum Gas & Power Ltd : Agreement to purchase 100% of issued capital of Bombora Natural Energy Pty Ltd . Further financing initiatives to be considered . Acquire Bombora on basis of 60 MPE shares for each Bombora share, issung 2.4 billion shares at MPE price of $0.001 per share . John Begg will be invited to join board of MPE as executive chairman .Nathan Featherby current executive chairman of company, will transition to position of non- executive director.
Anadarko Petroleum Corp : Anadarko announces board of directors election .Anadarko Petroleum Corp - election of Claire S. Farley to serve as an independent director of company.
Baytex Energy Corp : Ed Lafehr, president, will succeed James Bowzer as chief executive officer in May 2017 . In Eagle Ford, we expect to maintain a consistent pace of development on our lands throughout 2017 . Bowzer will remain on board of directors following transition .Approved 2017 capital budget of $300 to $350 million, which is designed to generate average annual production of 66,000 to 70,000 boe/d.
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 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 Plc : Nicholas Clayton, non-executive chairman resigned as director of company with immediate effect .Eskil Jersing (CEO) will assume role of interim chairman.
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 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..