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Oil & Gas Exploration and Production

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Sino Oil And Gas Enters Non- Legally Binding MoU

Friday, 14 Jun 2019

June 14 (Reuters) - Sino Oil and Gas Holdings Ltd <0702.HK>::ENTERED NON- LEGALLY BINDING MOU WITH FOUR COMPANIES ESTABLISHED IN PRC IN RELATION TO POSSIBLE ACQUISITION.

Legacy Reserves Reaches Global Restructuring Pact With RBL Lenders, Second Lien Lenders And Noteholder Group

Friday, 14 Jun 2019

June 14 (Reuters) - Legacy Reserves Inc ::LEGACY RESERVES INC. REACHES GLOBAL RESTRUCTURING AGREEMENT WITH RBL LENDERS, SECOND LIEN LENDERS AND NOTEHOLDER GROUP.LEGACY RESERVES INC - COMPANY HAS EXECUTED A RESTRUCTURING SUPPORT AGREEMENT.LEGACY RESERVES INC - PROPOSED FINANCIAL RESTRUCTURING WILL PROVIDE COMPANY WITH GO-FORWARD LIQUIDITY.LEGACY RESERVES INC - EXPECTS TO FILE VOLUNTARY PETITIONS FOR REORGANIZATION IN UNITED STATES BANKRUPTCY COURT FOR SOUTHERN DISTRICT OF TEXAS.LEGACY RESERVES INC - FILING PETITIONS IN BANKRUPTCY COURT TO FACILITATE FINANCIAL RESTRUCTURING AND IMPLEMENT PLAN CONTEMPLATED BY GLOBAL RSA.LEGACY RESERVES INC - SECURED COMMITMENTS FOR DEBTOR-IN POSSESSION FINANCING.

Ascent Resources Says To Submit Damages Claims Against Slovenia Related To JV

Friday, 14 Jun 2019

June 14 (Reuters) - Ascent Resources PLC ::ASCENT RESOURCES - OFFICIAL RESPONSE FROM MINISTRY OF ENVIRONMENT HAS NOW BEEN RECEIVED BY LAWYERS ABOUT JV IN SLOVENIA.ASCENT RESOURCES PLC - WILL SUBMIT CLAIM FOR DAMAGES AGAINST REPUBLIC OF SLOVENIA FOR BREACH OF EU LAW.ASCENT - WILL SEEK DAMAGES FOR LOSS OF FUTURE INCOME FROM SLOVENIA PROJECT, WHICH WOULD HAVE BEEN EXPECTED TO BE MULTIPLE OF SOME EUR 50 MILLION.ASCENT RESOURCES - BEEN WORKING WITH LEGAL EXPERTS DEVELOPING INVESTMENT TREATY ARBITRATION CLAIM UNDER ENERGY CHARTER TREATY.ASCENT RESOURCES PLC - WILL MOVE AHEAD WITH FILING INVESTMENT TREATY ARBITRATION CLAIM UNDER ENERGY CHARTER TREATY.ASCENT RESOURCES PLC - LEVEL OF CLAIM FOR DAMAGES WILL MEAN ANY LEGAL ACTION WILL BE COSTLY.ASCENT RESOURCES PLC - WILL NOW SEEK TO CONCLUDE AN ARRANGEMENT TO FINANCE LEGAL CLAIMS IN LEAST DILUTIVE MANNER POSSIBLE.ASCENT RESOURCES PLC - AT A PLC LEVEL WE WILL BE REDUCING COSTS INCLUDING DIRECTORS' REMUNERATION FROM END OF JUNE 2019.

Melbana Energy Says Co Estimating Cost Of Beehive-1 Exploration Well To Be Within US$40 Mln - US$60 Mln Range

Friday, 14 Jun 2019

June 14 (Reuters) - Melbana Energy Ltd ::MELBANA ESTIMATING COST OF BEEHIVE-1 EXPLORATION WELL TO BE WITHIN US$40 MILLION - $60 MILLION RANGE.

Callon Petroleum Company Announces Closing Of Southern Midland Basin Divestiture

Thursday, 13 Jun 2019

June 13 (Reuters) - Callon Petroleum Co ::CALLON PETROLEUM COMPANY ANNOUNCES CLOSING OF SOUTHERN MIDLAND BASIN DIVESTITURE AND UPDATES 2019 GUIDANCE.CALLON PETROLEUM COMPANY ANNOUNCES CLOSING OF SOUTHERN MIDLAND BASIN DIVESTITURE AND UPDATES 2019 GUIDANCE.CALLON PETROLEUM CO - DIVESTITURE OF NON-CORE ASSETS IN SOUTHERN MIDLAND BASIN TO SEQUITUR PERMIAN, LLC FOR NET CASH PROCEEDS OF $245 MILLION.CALLON PETROLEUM CO - MANAGEMENT IS LOWERING FY ESTIMATES FOR OPERATIONAL CAPITAL EXPENDITURES.CALLON PETROLEUM CO -SEES 2019 OPERATIONAL CAPEX $495 - $520 MILLION.CALLON PETROLEUM - SEES 2019 TOTAL PRODUCTION 38.0 MBOE/D - 39.5 MBOE/D.CALLON PETROLEUM - UPDATING 2019 GUIDANCE TO ACCOUNT FOR IMPACT OF DIVESTITURE, ANNOUNCED ACREAGE TRADE INVOLVING PRODUCING PROPERTIES IN MIDLAND COUNTY.CALLON PETROLEUM - LOWERING 2019 ESTIMATES FOR OPERATIONAL CAPITAL EXPENDITURES TO REFLECT REALIZED EFFICIENCIES AND COST REDUCTIONS.

Prospex Oil And Gas Says FY Operating Loss 1 Million Stg

Thursday, 13 Jun 2019

June 13 (Reuters) - Prospex Oil and Gas PLC ::FY OPERATING LOSS 1 MILLION STG VERSUS 2.5 MILLION STG.FY PROFIT FOR THE YEAR 779,904 STG VERSUS LOSS OF 3.2 MILLION STG.

Ascent Resources Updates On Permitting In Slovenia

Thursday, 13 Jun 2019

June 13 (Reuters) - Ascent Resources PLC ::REPORT ON SLOVENIAN GOVERNMENT WEBSITE THAT PARTNERS APPEAL AGAINST ISSUANCE OF PERMIT TO RE-STIMULATE PG-10, PG-11A DENIED.COMPANY HAS NOT RECEIVED ANY DIRECT OFFICIAL CONFIRMATION FROM ENVIRONMENT MINISTRY.IF REPORT OFFICIALLY CONFIRMED CO TO CONSIDER POTENTIAL COURSES OF ACTION INCLUDING ARBITRATION AND DAMAGES CLAIM AGAINST SLOVENIA.

Legacy Reserves Inc Reaches Agreement With RBL And Second Lien Lenders On Terms Of Financial Restructuring

Tuesday, 11 Jun 2019

June 11 (Reuters) - Legacy Reserves Inc ::LEGACY RESERVES INC. REACHES AGREEMENT WITH RBL AND SECOND LIEN LENDERS ON TERMS OF FINANCIAL RESTRUCTURING.LEGACY RESERVES INC. REACHES AGREEMENT WITH RBL AND SECOND LIEN LENDERS ON TERMS OF FINANCIAL RESTRUCTURING.LEGACY RESERVES INC - PROPOSED FINANCIAL RESTRUCTURING WOULD SIGNIFICANTLY REDUCE COMPANY'S DEBT.LEGACY RESERVES INC - COMPANY WILL CONTINUE TO OPERATE ITS BUSINESS IN NORMAL COURSE WITHOUT MATERIAL DISRUPTION TO ITS VENDORS.LEGACY RESERVES INC - COMPANY EXPECTS TO FILE VOLUNTARY PETITIONS FOR REORGANIZATION IN UNITED STATES BANKRUPTCY COURT FOR SOUTHERN DISTRICT OF TEXAS.LEGACY RESERVES - REORGANIZATION PLAN WILL PROVIDE FOR SIGNIFICANT DE-LEVERAGING OF COMPANY'S CAPITAL STRUCTURE BY OVER $900 MILLION.LEGACY RESERVES INC - PLAN WILL PROVIDE FOR, AMONG OTHER THINGS SIGNIFICANT DE-LEVERAGING OF COMPANY'S CAPITAL STRUCTURE BY OVER $900 MILLION.LEGACY RESERVES INC - PLAN IS EXPECTED TO BE FILED WITHIN 30 DAYS FOLLOWING COMMENCEMENT OF CHAPTER 11 CASES.LEGACY RESERVES INC - EXPECTS TO HAVE SUFFICIENT LIQUIDITY TO MEET ITS FINANCIAL OBLIGATIONS DURING RESTRUCTURING.LEGACY RESERVES - DIP FINANCING WILL REFINANCE PORTIONS OF EXISTING RESERVE-BASED CREDIT FACILITY, PROVIDE ADDITIONAL $100 MILLION IN NEW MONEY.LEGACY RESERVES INC - PLAN WILL ALSO PROVIDE FOR PAYMENT IN FULL OF OTHER SECURED CREDITORS, TAX AND OTHER PRIORITY CLAIMANTS.

Aker BP ASA Says Restated Q1 2019 Report Replaces Q1 Financial Reporting Announced By Co On 26 April 2019.

Monday, 10 Jun 2019

June 10 (Reuters) - Aker BP ASA ::AKER BP ASA SAYS : RESTATED Q1 2019 REPORT REPLACES Q1 FINANCIAL REPORTING ANNOUNCED BY AKER BP ASA ON 26 APRIL 2019..AKER BP ASA - REISSUANCE OF CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS TRIGGERED BY A NOTES OFFERING INVOLVING PREPARATION OF A PROSPECTUS.

Aker BP ASA Says Launch Of Offering Of $500 Mln Senior Notes Due 2024

Monday, 10 Jun 2019

June 10 (Reuters) - Aker BP ASA ::AKER BP ASA ANNOUNCES LAUNCH OF OFFERING OF $500 MILLION SENIOR NOTES DUE 2024.AKER BP ASA SAYS INTEREST WILL BE PAYABLE SEMI-ANNUALLY.

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