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Bounty Reports Successful Oil Drill
December 10, 2018 04:55 PM AEDT| By Team Kalkine MediaThe company has reported that in the Naccowlah Block; SW Queensland Wallis 1 NFE well-intersected oil in the Adori, Birkhead and Birkhead/Hutton zones and after completion of logging operations have been suspended and cased as a potentially dual zone...
HPR Has Entered Into A Final Stage Of Acquiring Planet Gas, USA
December 07, 2018 02:52 PM AEDT| By Team Kalkine MediaOn 7 December 2018, Planet Gas Limited (ASX: PGS) which is into the business of exploring, of oil and gas properties have announced that its shareholders have approved the sale of its subsidiary unit Planet Gas USA, Inc. In this regard, the sharehold...
Success Of Acreage Acquisition And Re-valuation Model Confirmed By Maiden Oil And Gas Reserves
December 06, 2018 11:29 PM AEDT| By Team Kalkine MediaOn 6 December 2018, Brookside Energy Limited (ASX: BRK) announced the estimate of oil and gas reserves which the company holds at the world-class Anadarko Basin in Oklahoma. There is a net oil and gas reserves at the Anadarko Basin of 3.45 MMboe whic...
Cedar Woods Fuels Up Its Earnings On Early Settlement Of Target Building
December 04, 2018 08:07 PM AEDT| By Team Kalkine MediaCedar Woods Properties flags the settlement of $58 million sale ahead of schedule. It outlines the sale of Target?s new headquarter in Williams Landing, Victoria which was slated to be completed in the Fiscal year 2019?s second half. This early sale...
Sacgasco’s Shares Uplifted On ASX After Acquiring Natural Gas Production And Development Assets In California.
December 03, 2018 06:21 PM AEDT| By Team Kalkine MediaOn 3 December 2018, Sacgasco Limited (ASX: SGC) announced that it has fully acquired the strategic portfolio of natural gas production and development assets in the prolific Rio Vista Gas Field in the Sacramento Basin, California. The Rio Vista Field...
Pancontinental Discovers Monstrous Oil Shale Under Namibia Sea
November 30, 2018 05:15 PM AEDT| By Team Kalkine MediaIn the recent examination of oil project PEL 87, Pancontinental Oil & Gas NL discovered ?world class oil resources? lying just under its nose in Orange Basin, offshore Namibia. The discovery underscores the humongous oil trap ?Saturn Superfan? t...
What Is Happening With The Oil Prices?
November 29, 2018 09:04 AM AEDT| By Team Kalkine MediaThe fluctuation in the oil prices continues to dampen the sentiments of the market players as the wide fluctuations in this commodity has the potential to dent the investors? sentiments. The prices of Brent crude have witnessed a substantial decline...
Fundamental Valuation Of Oil Seems Difficult Under The Current Environment
November 26, 2018 10:28 AM AEDT| By Team Kalkine MediaThe crude oil prices have been softening since the past few weeks and the WTI & Brent crude is trading at around $51 and $60 per barrel, respectively. The Kingdom of Saudi Arabia has a lion?s share in the OPEC?s oil production with one-third of t...
Freedom Oil And Gas Drills Seven More Wells At Eagle Ford Shale
November 21, 2018 11:55 AM AEDT| By Team Kalkine MediaFreedom Oil and Gas Limited (ASX: FDM) today announced that the company has drilled seven wells in its oil-rich acreage located in the Eagle Ford shale of South Texas. The drilling forms part of company?s Eagle Ford Shale development program in Dimm...
What’s Wrong With The Oil Prices? Key Factors You Should Know
November 21, 2018 05:50 AM AEDT| By Team Kalkine MediaThe oil prices continue to fall thereby impacting the confidence of the oil traders. The downturn in the markets could also be considered a reason which is fuelling the downtrend in the oil prices. The strong sell-off in the equities was witnessed on...
Armour Energy Wins New Petroleum Acreage In The Surat Basin
November 16, 2018 12:29 PM AEDT| By Team Kalkine MediaArmour Energy secures a new exploration license in the highly prospective gas and liquids region of Surat Basin. The company announced that Queensland Department of Natural Resources, Mines and Energy has awarded the company with further Roma Shelf...
Update On Oil Search Limited
November 16, 2018 08:09 AM AEDT| By Team Kalkine MediaThe Papua LNG joint venture participants have entered into a Memorandum of Understanding, with the Independent State of Papua New Guinea for the development of the Papua LNG Project as announced by Oil Search. In early 2018 on the preferred downstre...
Lendlease Group’s Shares Mounted On ASX After The announcement Of AGM Results
November 16, 2018 05:53 AM AEDT| By Team Kalkine MediaLendlease Group (ASX: LLC) held its Annual General Meeting on 16 November 2018, following which the share price of the company increased by 1.959 percent. The Chairman and Chief Executive Officer & Managing Director both addressed the shareholder...
Horizon Oil Arbitration Proceedings
November 15, 2018 06:49 AM AEDT| By Team Kalkine MediaThe PDL 10 licensees, on 9 November 2018 including global Spanish energy company Repsol operator, Kumul Petroleum, PNG national oil company, Horizon Oil and Osaka Gas, regarding the notices of intention to cancel Petroleum Development License 10, Pip...
What International Energy Agency Has To Say About Oil Prices?
November 13, 2018 06:53 AM AEDT| By Team Kalkine MediaThe oil markets have witnessed a lot lately primarily because of the global macroeconomic factors. Earlier, the market players were worried that the oil prices would be witnessing strong uptrend because of the sanctions on Iran imposed by the United...
Coles To Sue Tax Office For $40 Million Excise Tax Paid Upfront On Fuel That Later Evaporated
November 05, 2018 01:03 PM AEDT| By Team Kalkine MediaAmid of separation from Wesfarmers, Coles has been hit by $40 million fuel excise cost for the manufacturing of fuel that eventually ?evaporated.? Supermarket giant Coles claims that 107 million litres of fuel evaporated after they have paid $40 mill...
Not Many Stocks Are There To Choose From What Could Become A Major Industry, Hydrogen
October 26, 2018 07:55 AM AEDT| By Team Kalkine MediaTo be a major new industry for Western Australia, renewable hydrogen has the potential according to the newly formed Renewable Hydrogen Council. Comprising members of research bodies like that of ARENA and the CSIRO, government, and representatives f...
Qantas Rides Out Rising Fuel Costs As Quarterly Revenue Lifts
October 25, 2018 04:52 AM AEDT| By Team Kalkine MediaQantas Airways (ASX: QAN) flags record level of revenue for the first quarter of fiscal 2019 despite facing headwinds from higher fuel costs. The total revenue achieved in Q1 FY19 was $4.41 billion, up 6.3 percent from previous corresponding period....
Oil Search Shares Tumble After Releasing September Quarter Report
October 23, 2018 04:20 AM AEDT| By Team Kalkine MediaOn 23 October 2018, Oil Search Ltd (ASX: OSH) released its September quarter report in which the company reported that it experienced strong start to second half, due to the recovery in production and higher global oil and gas prices.? Despite this n...
Woodside Petroleum’s Sale Revenue Gone Up $78 Million In September Quarter
October 18, 2018 11:30 AM AEDT| By Team Kalkine MediaWoodside Petroleum Limited today released its third quarter result for three months ended 30 September 2018. The company has delivered increased LNG production of 23.1 MMboe in Q3 2018, higher than previous corresponding period?s 20.3 MMboe. This inc...
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