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Oil & Gas Exploration and Production

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Kosmos Energy to offer common stock in public offering

Monday, 22 May 2017 04:40pm EDT

May 22 (Reuters) - Kosmos Energy Ltd :Kosmos energy announces secondary public offering of common shares.Kosmos energy-funds affiliated with blackstone group & funds affiliated with warburg pincus agreed to sell 40 million of kosmos' common shares.Kosmos energy ltd - upon completion of offering, one of directors nominated by blackstone group is expected to resign from kosmos board of directors.Kosmos energy ltd - blackstone group will only have right to nominate one designee to kosmos board of directors.Kosmos energy-funds affiliated with blackstone to sell 30 million shares and funds affiliated with warburg pincus to sell 10 million common shares of co.

JKX Oil and Gas updates on request from Eclairs Group

Friday, 19 May 2017 02:00am EDT

May 19 (Reuters) - Jkx Oil And Gas Plc :Further update on request from eclairs group limited.Board has met to discuss its recommendations in respect of revised eclairs proposal.It has become clear that proxima, company's 20% shareholder and its two nominee directors, no longer support current composition of board.Proxima instead favour a significant restructuring of board..Proxima have neither proposed any particular board composition, nor disclosed how they intend to vote on eclairs proposals or draft agm resolutions being prepared by co.They have however notified board that they may choose to do so in future..As a consequence, remaining board directors expect that some, if not all, of agm resolutions will not have unanimous recommendation of board..Executive and independent directors are particularly disappointed to be announcing withdrawal of support by proxima.

Petrus Resources reports qtrly funds flow per share $0.25

Friday, 12 May 2017 07:35am EDT

May 12 (Reuters) - Petrus Resources Ltd : :Petrus Resources announces first quarter 2017 financial and operating results.Petrus Resources Ltd - Q1 production was 9,331 boe/d in 2017 compared to 8,821 BOE/D in Q1 of 2016..Petrus Resources Ltd - Petrus' board of directors approved a $50 to $60 million capital budget for 2017.Qtrly funds flow per share $0.25.Petrus Resources - expects processing and compression capability of ferrier gas plant to double, reaching capacity of about 60 MMCF/D by Q4 of 2017.Petrus Resources - processing and compression capability of ferrier gas plant is expected to be doubled to reach a capacity of about 60 MMCF/D by Q4.Petrus Resources- sees duc wells in Ferrier area brought on production in Q2, after which co sees productive capability greater than 11,000 BOE/D.

Murphy Oil Corp announces Q1 earnings per share $0.34

Wednesday, 3 May 2017 05:04pm EDT

May 3 (Reuters) - Murphy Oil Corp :Murphy Oil Corporation announces preliminary first quarter 2017 financial and operating results.Q1 adjusted loss per share $0.06 excluding items.Q1 earnings per share $0.34.Q1 earnings per share view $-0.03 -- Thomson Reuters I/B/E/S.Murphy Oil Corp - On track to achieve full year production guidance.Murphy Oil Corp - Qtrly produced volumes of 169 mboepd, on track to achieve full year production guidance.Murphy Oil Corp - Production for Q2 2017 is estimated in range of 160 to 164 mboepd.Murphy Oil Corp says North American onshore business produced over 85 mboepd in Q1 with 51 percent liquids.Says full year capital expenditure guidance is being maintained at $890 million.Murphy Oil Corp qtrly eagle ford shale - Production averaged 46 mboepd, comprised of 88 percent liquids.Murphy Oil Corp says offshore business produced 84 mboepd for Q1 with 73 percent liquids.Qtrly total revenue $664.6 million versus $430.3 million.Q1 revenue view $521.9 million -- Thomson Reuters I/B/E/S.Murphy Oil - Q1 adjusted loss excludes both results of discontinued operations and certain other items that affect comparability, of $$0.06per share.

Encana reports Q1 earnings per share $0.44

Tuesday, 2 May 2017 06:00am EDT

May 2 (Reuters) - Encana Corp -:Encana delivers strong first quarter results; company's multi-basin advantage drives growth and value.Q1 non-gaap operating earnings per share $0.11.Encana Corp qtrly core asset production of 237,300 barrels of oil equivalent per day (boe/d), representing 75 percent of total production.Q1 earnings per share $0.44.Encana Corp - infrastructure on schedule to support montney liquids growth to an expected 70,000 bbls/d by 2019.Says Encana is on track to meet or exceed its 2017 guidance.Encana Corp qtrly liquids production of 110,900 barrels per day (bbls/d) including oil and plant condensate production of 87,900 bbls/d.Encana Corp - new permian 12-well pad delivered peak daily production of 14,000 boe/d, including 11,000 bbls/d of oil in quarter.Encana - as at april 26, had hedged about 81,000 bbls/d of expected 2017 oil, condensate production for balance of year at average price of $51.33/barrel.Encana - expects to grow oil and condensate production by over 35 percent and total production from core assets by over 20 percent between q4 2016 and q4 2017.Encana Corp says for 2018, has hedged approximately 31,000 bbls/d of expected oil and condensate production at an average price of $55.45 per bbl.Encana Corp - "company expects total production will begin to grow from middle of 2017".Says has protected between 70 and 75 percent of its expected oil, condensate and natural gas production for remainder of 2017.

TOSCANA ENERGY SAYS NEW $36 MLN SENIOR SECURED REVOLVING CREDIT FACILITY

Friday, 28 Apr 2017 04:30pm EDT

April 28 (Reuters) - Toscana Energy Income Corp :TOSCANA ENERGY ANNOUNCES NEW $36 MILLION SENIOR SECURED REVOLVING CREDIT FACILITY.TOSCANA ENERGY ANNOUNCES NEW $36 MILLION SENIOR SECURED REVOLVING CREDIT FACILITY.TOSCANA ENERGY INCOME - HAS ENTERED COMMITMENT LETTER WITH RESPECT TO NEW SENIOR SECURED DEMAND REVOLVING CREDIT FACILITY WITH ALBERTA TREASURY BRANCHES.

Camber Energy announces cost-cutting initiatives

Thursday, 27 Apr 2017 08:54pm EDT

April 27 (Reuters) - Camber Energy Inc :Camber Energy announces cost-cutting initiatives.Cost-Cutting initiatives to significantly reduce overall general and administrative costs.Relocating corporate headquarters and related operations to San Antonio, Texas from Houston, Texas.Entered into a service agreement with Enerjex Resources to outsource management of back-office functions for fixed monthly fee.Pursuing other strategic options to further improve its capital structure.Co and board has accepted Ken Sanders' resignation as chief operating officer as part of this process.

Camber Energy announces cost-cutting initiatives

Thursday, 27 Apr 2017 08:54pm EDT

April 27 (Reuters) - Camber Energy Inc :Camber Energy announces cost-cutting initiatives.Cost-Cutting initiatives to significantly reduce overall general and administrative costs.Relocating corporate headquarters and related operations to San Antonio, Texas from Houston, Texas.Entered into a service agreement with Enerjex Resources to outsource management of back-office functions for fixed monthly fee.Pursuing other strategic options to further improve its capital structure.Co and board has accepted Ken Sanders' resignation as chief operating officer as part of this process.

Range Q1 earnings per share $0.69

Monday, 24 Apr 2017 05:00pm EDT

April 24 (Reuters) - Range Resources Corp ::Range announces first quarter 2017 financial results.Q1 gaap earnings per share $0.69.Q1 revenue $777 million.Range Resources Corp - qtrly production of 1.93 bcfe per day, an increase of 40 pct compared to prior-year quarter.Q1 earnings per share view $0.19, revenue view $565.4 million -- Thomson Reuters I/B/E/S.Range Resources Corp - non-gaap revenues for q1 2017 totaled $607 million, 71 pct increase compared to q1 2016.Range resources corp - qtrly adjusted earnings per share $0.25.Range Resources Corp - total unit costs continued to decline, with q1 2017 costs of $2.57 per mcfe, compared to $2.71 in previous year quarter.Range Resources Corp - production for q2 of 2017 is expected to be approximately 1.93 bcfe per day with 30 pct to 32 pct liquids.Range Resources Corp - range is on target with its $1.15 billion capital budget for 2017.Range resources corp - production growth for full year of 2017 is unchanged at 33 percent to 35 percent.Range Resources Corp - in order to streamline operations and reduce costs, southern marcellus division and northern marcellus division have been combined.Range Resources Corp - during quarter, $25 million was incurred on acreage purchases, $1.5 million on gas gathering systems and $8 million on exploration expense.Range Resources Corp - southern marcellus division and northern marcellus division will be referred to as appalachia division going forward.

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