GlobeNewswire - Industry News on Exploration and Production

DNO North Sea Exploration Gains Traction with Latest Discovery

Fri, 05 Feb 2021 07:33 GMT

Oslo,?5 February 2021 – DNO ASA, the Norwegian oil and gas operator, today confirmed an oil and gas discovery on the R?ver Nord prospect in the Norwegian North Sea license PL923 in which the Company holds a 20 percent interest. Preliminary estimates of gross recoverable resources are in the range of 45-70 million barrels of oil equivalent (mmboe), well above pre-drill estimates.

Battalion Oil Corporation Provides Financial Update

Thu, 04 Feb 2021 21:30 GMT

HOUSTON, TEXAS, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) is pleased to provide an update on its financial position. In December, the Company completed the previously disclosed sale of certain of its Northern West Quito Assets to Point Energy Partners Operating, LLC for cash proceeds of $26.3 million, subject to customary post-closing adjustments. The divested Northern West Quito Assets accounted for less than 5% of the Company’s average daily net oil production during the quarter ended September 30, 2020. As of December 31, 2020, the Company had $31.6 million of liquidity consisting of $27.3 million available under its revolving line of credit and $4.3 million of cash on hand.

Maha Energy AB (publ) announce its 2021 Capital Plan and Production Guidance

Thu, 04 Feb 2021 21:05 GMT

Maha Energy AB (“Maha” or the “Company”) expects to allocate approximately USD 26 million on capital projects during 2021 and estimates the corporate average annual production to be between 4,000 – 5,000 BOEPD*.? The 2021 Capital Plan will be funded through internal cashflows and a contemplated future financing.

Maha Energy AB (publ): Investeringsplan och produktionsguidning f?r 2021

Thu, 04 Feb 2021 21:05 GMT

Maha Energy AB (“Maha” eller “Bolaget”) planerar att avs?tta cirka 26 miljoner US-dollar f?r investeringar i olika kapitalprojekt under 2021 och uppskattar en ?rlig snittproduktion p? 4 000 – 5 000 BOEPD*. ?De planerade investeringarna kommer att finansieras genom en kombination av egen kassa och en framtida finansiering.?

Maha Energy AB (Publ) announce preliminary agreement on terms for future financing and enters into exclusivity period

Thu, 04 Feb 2021 21:00 GMT

Maha Energy AB ("Maha" or the "Company") is pleased to announce that it has signed a term sheet with a banking institution with experience in the Brazilian E&P sector for future financing to support the growth of the Company (the “Financing”).? The completion of the Financing is subject to customary due diligence and final documentation, and the Company has granted an exclusivity period of 55 days to finalize due diligence and documentation. During this period, the Company retains the right to discuss a potential refinancing of its SEK 300 million bond with existing bondholders.

Maha Energy AB (Publ) ing?r i prelimin?rt avtal kring villkor f?r finansiering

Thu, 04 Feb 2021 21:00 GMT

Maha Energy AB ("Maha" eller "Bolaget") meddelar idag att Bolaget har tecknat ett villkorsavtal med en brasiliansk bank med erfarenhet i E&P-sektorn f?r finansiering av f?retagets tillv?xt ("finansieringen"). Slutf?randet av finansieringen f?reg?s av sedvanlig teknisk och finansiell revision samt l?nedokumentation.

Maha Energy AB (Publ) announce LAK Ranch book value impairment

Thu, 04 Feb 2021 19:20 GMT

Maha Energy AB ("Maha" or the "Company") will incur a write down of the book value of its LAK Ranch heavy oil field in Wyoming, USA, on the Company’s balance sheet by approximately USD 20 million, subject to year-end audit review. This will be reflected in adjusted earnings in the fourth quarter 2020 results to be reported on 26 February 2021.

Maha Energy AB (Publ): Nedskrivning av LAK Ranch till f?ljd av svagt oljepris

Thu, 04 Feb 2021 19:20 GMT

Maha Energy AB ("Maha" eller "Bolaget") meddelar idag att det bokf?rda v?rdet av tungoljef?ltet LAK Ranch i Wyoming, USA kommer att skrivas ned med cirka 20 miljoner US-dollar per 31 december 2020. Nedskrivning belastar resultatet i del?rsrapporten f?r fj?rde kvartalet 2020 som publiceras den 26 februari 2021.

Maha Energy AB announce December 31, 2020 Reserve Report and Resource Report

Thu, 04 Feb 2021 19:15 GMT

Maha Energy AB (publ) (“Maha” or the “Company”) is pleased to announce the 2020 reserve report and contingent resource booking with the following highlights:

Maha Energy AB (publ): Reserv- och resursrapport per 31 december 2020

Thu, 04 Feb 2021 19:15 GMT

Maha Energy AB (publ) (“Maha” eller “Bolaget”) meddelar idag f?ljande resultat fr?n 2020 ?rs reserv- och betingande resurser rapport:

Alto Ingredients Receives Medical Ingredient Certification

Thu, 04 Feb 2021 13:30 GMT

ICP Facility Now Certified Pharmaceutical Excipient Supplier

ICP Facility Now Certified Pharmaceutical Excipient Supplier

Golar LNG Partners LP Announces Filing of Its Proxy Statement Ahead of Special Meeting for Proposed Merger With New Fortress Energy

Wed, 03 Feb 2021 14:25 GMT

Golar LNG Partners LP (NASDAQ: GMLP) (“GMLP”) announces that it filed its proxy statement with the SEC on February 2, 2021, ahead of the special meeting of its unitholders scheduled to take place on February 24, 2021. At the special meeting, the holders of GMLP’s common units will vote on the previously announced proposed merger of GMLP and an indirect subsidiary of New Fortress Energy Inc. (“NFE”), as contemplated by GMLP’s Third Amended and Restated Agreement of Limited Partnership dated October 31, 2017. ?As previously announced, GMLP common unitholders of record at the close of business on January 25, 2021 will receive notice of the special meeting and be entitled to vote at the special meeting.

Alto Ingredients Awarded Active Pharmaceutical Ingredient Certification

Wed, 03 Feb 2021 13:30 GMT

SACRAMENTO, Calif., Feb. 03, 2021 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer of specialty alcohols and essential ingredients, announced its Illinois Corn Processing (ICP) facility is now ICH Q7 certified.

Alto Ingredients Expands Beverage & USP Alcohol Production Capacity

Tue, 02 Feb 2021 13:30 GMT

Annual Specialty Alcohol Production Capacity at Pekin Site Now 140 Million Gallons

Annual Specialty Alcohol Production Capacity at Pekin Site Now 140 Million Gallons

Fortune Names Apache Corporation One of the World’s Most Admired Companies

Mon, 01 Feb 2021 21:46 GMT

HOUSTON, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Apache Corporation (Nasdaq: APA) has been named by FORTUNE magazine as one of the World’s Most Admired Companies.

Alto Ingredients, Inc. Completes Ticker Symbol Change to ALTO

Mon, 01 Feb 2021 13:30 GMT

Company to Ring Nasdaq Closing Bell on February 3rd

Company to Ring Nasdaq Closing Bell on February 3rd

Awilco Drilling PLC: CEO resigns from Awilco Drilling

Sun, 31 Jan 2021 19:21 GMT

Awilco Drilling PLC announces that Jens Berge, Chief Executive Officer, has decided to leave the Company with effect?from 1 February?to pursue other opportunities. Eric Jacobs, General Counsel in the Awilhelmsen Group, will act as interim Chief Executive Officer until the Board of Directors appoints a permanent replacement.

PDC Energy Announces Fourth Quarter and Year-End 2020 Conference Call – Thursday, February 25, 2021

Fri, 29 Jan 2021 15:00 GMT

DENVER, Jan. 29, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to host a conference call to discuss fourth quarter and year-end 2020 operating and financial results. The Company plans to issue its news release after market close on Wednesday, February 24, followed thereafter by additional materials. The release and materials will be available on the Company’s website, www.pdce.com.

Maha Energy AB (publ) (“Maha” or the “Company”) announce change in the number of shares and votes in the Company and contracts Lago Kapital Ltd to replace Penser Bank AB as liquidity provider

Fri, 29 Jan 2021 09:45 GMT

The number of shares and votes in Maha Energy AB (publ) has increased following the issue of 317,201 new shares during January through the exercise of 180,238 warrants of series 2017/2020 issued under the incentive programme adopted at the annual general meeting held in 2017, and the exercise of 136,963 warrants of series TO 2 A.

Maha Energy AB (publ) (”Maha” eller ”Bolaget”) meddelar f?r?ndring av antalet aktier och r?ster i Bolaget samt att Bolaget byter likviditetsgarant till Lago Kapital Ltd

Fri, 29 Jan 2021 09:45 GMT

Antalet aktier och r?ster i Maha Energy AB (publ) har ?kat till f?ljd av att 317 201 nya aktier har emitterats under januari m?nad genom utnyttjandet av 180?238 teckningsoptioner av serie 2017/2020 utgivna inom incitamentsprogrammet antaget vid ?rsst?mman 2017 och utnyttjandet av 136?963 teckningsoptioner av serie TO 2 A.