Oil producer EnQuest (LSE:ENQ) jumped 15pc to 20.5p on Thursday after releasing its full-year results. The company reported revenues of $1.2bn in 2018, almost doubling the $635.2m generated in the previous year. This was a result of strong production growth and an increase in oil prices. The firm produced an average of 55,447 barrels of…
Ophir Energy (LSE:OPHR) rose 2pc to 57.1p on Thursday morning after receiving an increased recommended final cash offer from Medco. Back in January, the business accepted Medco Energi Global’s takeover offer of 55p a share, which valued it at £390.6m. This itself was an improvement of Medco’s previous proposal of 48.5p per share, which Ophir…
Amerisur Resources (LSE:AMER) announced on Wednesday that it has decided to proceed with an option to acquire an additional 50pc interest in the Put-8 block in Colombia. The company will become sole owner and operator of the block after exercising its right of first refusal to buy the asset from Vetra Exploración y Producción Colombia SAS.…
Union Jack Oil (LSE:UJO) dipped 11.1pc to 0.08p on Wednesday after revealing a £1.75m placing to fund its progress following highly disappointing results at its Biscathorpe prospect in Lincolnshire last month. The oversubscribed placing, carried out at 0.075p a share, will be used to advance the business’s wider activities after the drilling of its West…
Last night saw Matt Lofgran, CEO of Nostra Terra Oil & Gas (LSE:NTOG) update shareholders and investors on the firm’s progress in an exclusive online presentation and Q&A session hosted by ValueTheMarkets.com. The event, recorded and viewable below, saw Lofgran reiterate the opportunity offered by the business through its experienced management team and portfolio of…
Infrastrata (LSE:INFA) bounced 5.1pc to 0.9p on Tuesday after awarding an engineering contract for its flagship Islandmagee gas storage project that is expected to save tens of millions of pounds. It has given the engineering design works contract for the Northern Island-based project to a business called Costain. It expects the plan to enable £65m…