Understanding Oil Reserves; Prominence Energy Reclassifies Bowsprit's Resources to Reserves

• January 28, 2020 11:22 PM AEDT
• Team Kalkine

In existence over the last 200 years, oil & gas (O&G) industry involves companies that are engaged in the business of discovering O&G reserves, exploring and developing O&G projects including the operation and maintenance of wells and...

• January 16, 2020 11:07 PM AEDT
• Team Kalkine

Prominence Energy NL (ASX:PRM), previously known as Sun Resources NL, is an oil & gas exploration and development company, based in Perth, Western Australia. The company’s key asset is a low capital expenditure (capex), high margin, oil app...

• January 08, 2020 04:26 PM AEDT
• Team Kalkine

Increasing concerns regarding the global economic health, the trade war between the two largest economies China and the United States, and disruptive effect of Brexit were among the factors that played a significant part in several ups and downs in o...

• January 02, 2020 11:22 PM AEDT
• Team Kalkine

ASX-listed Prominence Energy NL (ASX: PRM), on 31 December 2019, announced to have secured short-term funding in the form of a convertible note from a group of supportive existing shareholders including GTT Ventures, which holds a 50 per cent stake. ...

• December 24, 2019 12:59 PM AEDT
• Team Kalkine

  Saudi Arabian Oil Company or Saudi Aramco, the giant state-owned oil company, got officially listed on the Saudi Stock Exchange (Tadawul) on 11 December 2019 under the ticker ‘ARAMCO’. The initial public offering (IPO) of the Saud...

• December 19, 2019 01:50 PM AEDT
• Team Kalkine

Oil markets are going through a period of extraordinary change, as the United States is boosting the expansion of oil supplies on a global level. Its crude oil tends to be light and of sweet grades. Moreover, a shift in demand is being witnessed fro...

• December 17, 2019 09:22 PM AEDT
• Team Kalkine

Oil & gas (O&G) exploration and development company, Sun Resources NL (ASX: SUR) changed its name to Prominence Energy NL. The change in the company name was approved by the shareholders at the Annual General Meeting held on 29 November 2019....

• November 28, 2019 05:41 PM AEDT
• Team Kalkine

Oil & gas (O&G) exploration and development company, Sun Resources NL (ASX: SUR) is based in Perth, Western Australia, with its key asset located in Louisiana, United States. The Bowsprit Oil Project in Breton Sound Area is on lease areas sp...

• November 20, 2019 04:25 PM AEDT
• Team Kalkine

Based in Perth, Western Australia, Sun Resources NL (ASX: SUR) is an oil & gas exploration and development company, with key exploration and production assets in the US state of Louisiana. In August 2017, the company had acquired the Bowsprit lea...

• November 13, 2019 07:19 PM AEDT
• Team Kalkine

When thinking about oil drilling, one imagines drilling of wells with large oil rigs, a procedure that is around since the late 19th century. The oil obtained from the surface, with the natural pressure from the well and pumping/compression operation...