That’s quite an enhancement and unexpected too. The TPL BoD’s have built a very slick business in a region that requires the highest level of cooperation as red tape is rife. TPL appear to have some very nice licence blocks in some high in demand regions. The recent farm out deal with Total and China …
2013 January
MXP come up dry on TOLW-1 Exploration well
Not ideal but in the grande scheme of things, these small shallow prospects are well worth the risk as the cost to drill them is under $2mln. MXP have already notched up a success in 2013 but further news on commercial status is required before the market will add in value. News on an extension …
2013 Hotlist Results – Week 04
Week 04 of 2013 Last weeks noises from congress on pushing the Feb deadline on debt ceiling talks to April become reality as congress passed a bill to kick the can down the road. This will be partly welcome to the markets but at the same time unwelcome. It hurts making big decisions but they …
Afren in demand – Telegraph
Rumours doing the rounds with regard to Sinopec bid for Afren. Sinopec are already involved in Kurdistan – and with politics a tad sensitive at present – Afren could offer them a more subtle way to greater involvement in the region. Afren have yet to reveal the results/tests on Simrit-2 and 3 but many believe …
Providence (PVR) confirms significant oil potential in Rathlin Basin
After discovering over 1 billion barrels at Barryroe, you’d think Providence Resources has enough on its plate in terms of sizable assets. Whilst a CPR is eagerly awaited on the latter, news today on Rathlin Basin demonstrates the additional prospects that PVR have in their folio. Then there’s the Dunquin prospect. Due to be drilled soon. …
Iraq, BP Considering Kirkuk Field Deal
There’s a buzz around Baghdad and Kurdistan at present. In a rare visit – Rex Tillerson CEO of Exxon met with Prime Minister Maliki to discuss ‘things’. What those things might be have had many guessing but most suspect it has something to do with Exxon wanting to keep assets in the south whilst maintaining …