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Oil & Gas Exploration and Production

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IFR Says Receives Drilling Permit From Mexican Government

Thursday, 11 Jan 2018 09:00am EST

Jan 11 (Reuters) - International Frontier Resources Corp ::IFR PROVIDES OPERATIONS UPDATE – RECEIVES DRILLING PERMIT FROM MEXICAN GOVERNMENT.INTERNATIONAL FRONTIER SAYS TONALLI GRANTED RIGHT TO OPERATE, DEVELOP, PRODUCE HYDROCARBONS AT TECOLUTLA THROUGH LICENSING CONTRACT WITH MEXICAN GOVERNMENT.

Spartan Energy Corp Announces 2018 Corporate Budget and Guidance

Thursday, 11 Jan 2018 08:00am EST

Jan 11 (Reuters) - Spartan Energy Corp ::ANNOUNCES 2018 CORPORATE BUDGET AND GUIDANCE.FOR 2018, SPARTAN'S BOARD OF DIRECTORS HAS APPROVED A TOTAL DEVELOPMENT CAPITAL BUDGET OF $183 MILLION.EXPECT TO GENERATE FUNDS FLOW FROM OPERATIONS OF APPROXIMATELY $267 MILLION IN 2018.SEES 2018 AVERAGE PRODUCTION 23,400 BOE/D.- SEES 2018 BASIC FFO PER SHARE $1.51.

Ascendant Resources Announces Positive Free Cash Flow For Q4 2017

Thursday, 11 Jan 2018 07:00am EST

Jan 11 (Reuters) - Ascendant Resources Inc ::ASCENDANT RESOURCES ANNOUNCES POSITIVE FREE CASH FLOW FOR Q4 2017 AND PROVIDES 2018 GUIDANCE.ASCENDANT RESOURCES SEES 2018 FREE CASH FLOW $14 MILLION - $20 MILLION; SEES 2018 EBITDA $32 MILLION - $40 MILLION.ASCENDANT RESOURCES INC - ‍DURING Q4, CONTAINED ZINC EQUIVALENT METAL PRODUCTION WAS 19.6 MILLION POUNDS, UP BY 12PCT FROM Q3​.ASCENDANT RESOURCES INC - ‍ EXPECTED 41PCT-65PCT INCREASE IN CONTAINED METAL PRODUCTION IN 2018 AS COMPARED TO 2017​.ASCENDANT RESOURCES SEES 2018 SILVER PRODUCTION 900,000 - 1.2 MILLION OZS.ASCENDANT RESOURCES INC - SEES 2018 ZINC EQUIVALENT METAL PRODUCTION 93 TO 109 MILLION LBS.

Matra Net Oil And Gas Reserves Estimated At 21 MBOE

Thursday, 11 Jan 2018 02:15am EST

Jan 11 (Reuters) - MATRA PETROLEUM AB ::REG-MATRA PETROLEUM AB: MATRA PUBLISHES UPDATED OIL AND GAS RESERVES.NET OIL AND GAS RESERVES AS PER 30 NOVEMBER 2017 WERE ESTIMATED AT 21 MILLION BARRELS OF OIL EQUIVALENT​.

Premier Oil Says ‍Full Year Production Up 5 Pct To 75 Kboepd

Thursday, 11 Jan 2018 02:00am EST

Jan 11 (Reuters) - Premier Oil Plc ::FULL YEAR PRODUCTION OF 75 KBOEPD IN LINE WITH GUIDANCE, UP 5% ON 2016​.‍FIRST OIL ACHIEVED FROM CATCHER ON 23 DECEMBER ON SCHEDULE AND UNDER BUDGET​.‍2017 OPEX PER BARREL OF US$16.5/BBL​.‍2017 ESTIMATED TOTAL CAPEX OF US$305 MILLION, BELOW REVISED GUIDANCE OF US$325 MILLION​.‍POSITIVE FREE CASHFLOW, NET DEBT DOWN TO US$2.7 BILLION AS AT 31 DECEMBER 2017​.‍2018 PRODUCTION GUIDANCE OF 80-85 KBOEPD, ALLOWING FOR RAMP UP FROM CATCHER AND ADJUSTED FOR 2017 DISPOSALS​.‍CATCHER PRODUCTION PLANNED TO RAMP UP IN 1H REACHING PEAK GROSS PRODUCTION OF 60 KBOPD.‍2018 OPEX PER BARREL EXPECTED TO BE US$17-18/BBL​.‍2018 DEVELOPMENT AND EXPLORATION CAPEX GUIDANCE OF CUS$300 MILLION​.‍DEBT REDUCTION WILL ACCELERATE AT CURRENT OIL PRICES AS CATCHER PRODUCTION RAMPS UP​.

Octanex Announces Withdrawal From Exploration Permits

Thursday, 11 Jan 2018 01:50am EST

Jan 11 (Reuters) - Octanex Ltd ::‍NOTIFIED ENI AUSTRALIA LIMITED, OPERATOR OF EXPLORATION PERMITS WA-362-P AND WA-363-P, THAT IT WILL WITHDRAW FROM PERMITS​.

Tourmaline Oil Corp Says ‍Achieved 2017 Exit Target Of 270,000-280,000 Boepd​

Wednesday, 10 Jan 2018 05:37pm EST

Jan 10 (Reuters) - Tourmaline Oil Corp ::TOURMALINE PROVIDES MARKET UPDATE.TOURMALINE OIL CORP - ‍ACHIEVED 2017 EXIT TARGET OF 270,000-280,000 BOEPD, AVERAGING APPROXIMATELY 274,000 BOEPD IN DECEMBER​.TOURMALINE OIL CORP - ‍ACHIEVED YEAR-OVER-YEAR PRODUCTION GROWTH OF 30% IN 2017, ALSO ON TARGET​.TOURMALINE OIL CORP - LIQUIDS PRODUCTION IS ANTICIPATED TO GROW TO 70,000 BPD-75,000 BPD BY Q4 2019.TOURMALINE OIL CORP - TOTAL Q4 2017 LIQUIDS PRODUCTION GREW BY APPROXIMATELY 60% OVER Q4 2016​.TOURMALINE OIL CORP - INCREASED ITS OIL HEDGES FOR 2018 TO 8,663 BPD AT AN AVERAGE FIXED PRICE OF $53.87 US/BBL.TOURMALINE OIL CORP - COMPANY HAS ELECTED TO LEAVE FIVE YEAR PLAN GUIDANCE UNCHANGED AT THIS TIME.TOURMALINE OIL CORP - ‍CURRENT PRODUCTION IS RANGING BETWEEN 270,000 AND 275,000 BOEPD​.TOURMALINE OIL - ‍Q4 2017 AVERAGE PRODUCTION WAS APPROXIMATELY 263,000 BOEPD​.TOURMALINE OIL CORP - ‍CURRENT TOTAL LIQUIDS PRODUCTION IS APPROXIMATELY 48,000 BPD​.TOURMALINE OIL CORP - EXPECTS TO GENERATE APPROXIMATELY $1.6 BILLION IN FREE CASH FLOW BASED ON CURRENT FIVE-YEAR PLAN.TOURMALINE OIL - CURRENTLY SEES FY 2018 PRODUCTION GROWTH OF ABOUT 10% FROM A CAPITAL PROGRAM EXPECTED TO GENERATE "SIGNIFICANT" FREE CASH FLOW.TOURMALINE OIL - ‍ESTIMATES 2018 AVERAGE PRODUCTION OF 270,000-280,000 BOEPD​.

Parex Delivers 25% Self-Funded Production Growth In 2017

Wednesday, 10 Jan 2018 07:30am EST

Jan 10 (Reuters) - Parex Resources Inc ::PAREX RESOURCES INC - ESTIMATES THAT Q4 2017 PRODUCTION AVERAGED 39,000 BARRELS OF OIL EQUIVALENT PER DAY.PAREX RESOURCES INC - ‍EXPECT AVERAGE Q1 2018 PRODUCTION TO EXCEED 40,000 BOE/D​.PAREX DELIVERS 25% SELF-FUNDED PRODUCTION GROWTH IN 2017.PAREX RESOURCES - ‍ ESTIMATE CO'S 2017 DEBT ADJUSTED PRODUCTION PER SHARE ANNUAL GROWTH EXCEEDED 25 PERCENT COMPARED TO 2016​.

Geopark Q4 Consolidated Oil And Gas Production Up 30 Pct TO 30,654 Boepd

Wednesday, 10 Jan 2018 07:00am EST

Jan 10 (Reuters) - Geopark Ltd ::GEOPARK LTD - QTRLY CONSOLIDATED OIL AND GAS PRODUCTION UP 30% TO 30,654 BOEPD.GEOPARK ANNOUNCES FOURTH QUARTER 2017 OPERATIONAL UPDATE.

Hotchkis & Wiley Capital Management Reports 10.49 Pct Passive Stake In Energy XXI Gulf Coast

Wednesday, 10 Jan 2018 06:26am EST

Jan 10 (Reuters) - Energy Xxi Gulf Coast Inc ::HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC REPORTS 10.49 PERCENT PASSIVE STAKE IN ENERGY XXI GULF COAST AS ON DEC 31, 2017 - SEC FILING.

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