Proactiveinvestors Australia - Energy RSS feed http://www.proactiveinvestors.com.au Proactiveinvestors Australia - Energy feed en Sun, 21 Jan 2018 17:05:24 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com action@proactiveinvestors.com Po Valley Energy surges on commercial gas discovery http://www.proactiveinvestors.com.au/companies/news/190276/po-valley-energy-surges-on-commercial-gas-discovery-190276.html Fri, 19 Jan 2018 13:37:00 +1100 http://www.proactiveinvestors.com.au/companies/news/190276/po-valley-energy-surges-on-commercial-gas-discovery-190276.html Comet Ridge forges ahead with Santos and APLNG at Mahalo as gas flow rates increase http://www.proactiveinvestors.com.au/companies/news/189992/comet-ridge-forges-ahead-with-santos-and-aplng-at-mahalo-as-gas-flow-rates-increase-189992.html Mon, 15 Jan 2018 15:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189992/comet-ridge-forges-ahead-with-santos-and-aplng-at-mahalo-as-gas-flow-rates-increase-189992.html Greenland Minerals and Energy simplified rare earth refining will boost economics http://www.proactiveinvestors.com.au/companies/news/189989/greenland-minerals-and-energy-simplified-rare-earth-refining-will-boost-economics-189989.html Mon, 15 Jan 2018 14:36:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189989/greenland-minerals-and-energy-simplified-rare-earth-refining-will-boost-economics-189989.html HRL Holdings' acquisition and alliance provide strong position in NZ dairy industry http://www.proactiveinvestors.com.au/companies/news/189984/hrl-holdings-acquisition-and-alliance-provide-strong-position-in-nz-dairy-industry-189984.html Mon, 15 Jan 2018 11:14:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189984/hrl-holdings-acquisition-and-alliance-provide-strong-position-in-nz-dairy-industry-189984.html Algae.Tec to boost cash for medical cannabis cultivation plans http://www.proactiveinvestors.com.au/companies/news/189981/algaetec-to-boost-cash-for-medical-cannabis-cultivation-plans-189981.html Mon, 15 Jan 2018 10:53:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189981/algaetec-to-boost-cash-for-medical-cannabis-cultivation-plans-189981.html Helios Energy to reveal well testing results from Texas http://www.proactiveinvestors.com.au/companies/news/189980/helios-energy-to-reveal-well-testing-results-from-texas-189980.html Mon, 15 Jan 2018 10:47:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189980/helios-energy-to-reveal-well-testing-results-from-texas-189980.html Buru Energy maps plan for oil production growth at Ungani http://www.proactiveinvestors.com.au/companies/news/189696/buru-energy-maps-plan-for-oil-production-growth-at-ungani-189696.html Tue, 09 Jan 2018 15:34:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189696/buru-energy-maps-plan-for-oil-production-growth-at-ungani-189696.html Altech Chemicals submits manufacturing licence application in Malaysia http://www.proactiveinvestors.com.au/companies/news/189692/altech-chemicals-submits-manufacturing-licence-application-in-malaysia-189692.html Tue, 09 Jan 2018 12:53:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189692/altech-chemicals-submits-manufacturing-licence-application-in-malaysia-189692.html Melbana Energy identifies previously producing shallow water target at Pukatea well http://www.proactiveinvestors.com.au/companies/news/189563/melbana-energy-identifies-previously-producing-shallow-water-target-at-pukatea-well-189563.html Mon, 08 Jan 2018 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189563/melbana-energy-identifies-previously-producing-shallow-water-target-at-pukatea-well-189563.html Algae Tec shares double as medicinal cannabis export regulations change http://www.proactiveinvestors.com.au/companies/news/189496/algae-tec-shares-double-as-medicinal-cannabis-export-regulations-change-189496.html Fri, 05 Jan 2018 14:01:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189496/algae-tec-shares-double-as-medicinal-cannabis-export-regulations-change-189496.html Raven Energy refreshed and ready to test gas zones in California http://www.proactiveinvestors.com.au/companies/news/189423/raven-energy-refreshed-and-ready-to-test-gas-zones-in-california-189423.html Wed, 03 Jan 2018 11:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189423/raven-energy-refreshed-and-ready-to-test-gas-zones-in-california-189423.html Armour Energy generates cash flow as Kincora Gas Plant production recommences http://www.proactiveinvestors.com.au/companies/news/189367/armour-energy-generates-cash-flow-as-kincora-gas-plant-production-recommences-189367.html Wed, 03 Jan 2018 07:41:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189367/armour-energy-generates-cash-flow-as-kincora-gas-plant-production-recommences-189367.html Range Resources celebrates “one of the best” new wells http://www.proactiveinvestors.com.au/companies/news/189379/range-resources-celebrates-one-of-the-best-new-wells-189379.html Tue, 02 Jan 2018 18:57:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189379/range-resources-celebrates-one-of-the-best-new-wells-189379.html Buru Energy on-track for production tests at Ungani 5 and completion of Ungani 4 http://www.proactiveinvestors.com.au/companies/news/189360/buru-energy-on-track-for-production-tests-at-ungani-5-and-completion-of-ungani-4-189360.html Tue, 02 Jan 2018 11:58:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189360/buru-energy-on-track-for-production-tests-at-ungani-5-and-completion-of-ungani-4-189360.html Buru Energy reveals expanded oil potential in Ungani Field http://www.proactiveinvestors.com.au/companies/news/189332/buru-energy-reveals-expanded-oil-potential-in-ungani-field-189332.html Fri, 29 Dec 2017 12:57:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189332/buru-energy-reveals-expanded-oil-potential-in-ungani-field-189332.html Range Resources makes early payment for drilling services acquisition http://www.proactiveinvestors.com.au/companies/news/189311/range-resources-makes-early-payment-for-drilling-services-acquisition-189311.html Thu, 28 Dec 2017 20:24:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189311/range-resources-makes-early-payment-for-drilling-services-acquisition-189311.html Helios well-supported by major shareholders to advance Texas oil and gas strategy http://www.proactiveinvestors.com.au/companies/news/189282/helios-well-supported-by-major-shareholders-to-advance-texas-oil-and-gas-strategy-189282.html Wed, 27 Dec 2017 11:56:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189282/helios-well-supported-by-major-shareholders-to-advance-texas-oil-and-gas-strategy-189282.html Greenland Minerals and Energy aims for direct sales from rare earth project http://www.proactiveinvestors.com.au/companies/news/189126/greenland-minerals-and-energy-aims-for-direct-sales-from-rare-earth-project-189126.html Thu, 21 Dec 2017 13:25:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189126/greenland-minerals-and-energy-aims-for-direct-sales-from-rare-earth-project-189126.html Winchester Energy targets prospective well in Texas after securing majority interest http://www.proactiveinvestors.com.au/companies/news/189105/winchester-energy-targets-prospective-well-in-texas-after-securing-majority-interest-189105.html Wed, 20 Dec 2017 17:14:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189105/winchester-energy-targets-prospective-well-in-texas-after-securing-majority-interest-189105.html Petsec Energy sees production increase at Hummer Development http://www.proactiveinvestors.com.au/companies/news/189054/petsec-energy-sees-production-increase-at-hummer-development-189054.html Wed, 20 Dec 2017 12:44:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189054/petsec-energy-sees-production-increase-at-hummer-development-189054.html Altech Chemicals receives additional support for high purity alumina http://www.proactiveinvestors.com.au/companies/news/189050/altech-chemicals-receives-additional-support-for-high-purity-alumina-189050.html Wed, 20 Dec 2017 10:39:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189050/altech-chemicals-receives-additional-support-for-high-purity-alumina-189050.html Tlou Energy updates on Botswana CBM drill progress http://www.proactiveinvestors.com.au/companies/news/189000/tlou-energy-updates-on-botswana-cbm-drill-progress-189000.html Tue, 19 Dec 2017 19:12:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189000/tlou-energy-updates-on-botswana-cbm-drill-progress-189000.html Comet Ridge begins gas production from Mahalo Block wells http://www.proactiveinvestors.com.au/companies/news/188987/comet-ridge-begins-gas-production-from-mahalo-block-wells-188987.html Tue, 19 Dec 2017 16:27:00 +1100 http://www.proactiveinvestors.com.au/companies/news/188987/comet-ridge-begins-gas-production-from-mahalo-block-wells-188987.html Buru Energy doubling oil handling capacity at Ungani Oilfield and close to completion on development wells http://www.proactiveinvestors.com.au/companies/news/188850/buru-energy-doubling-oil-handling-capacity-at-ungani-oilfield-and-close-to-completion-on-development-wells-188850.html Fri, 15 Dec 2017 14:49:00 +1100 http://www.proactiveinvestors.com.au/companies/news/188850/buru-energy-doubling-oil-handling-capacity-at-ungani-oilfield-and-close-to-completion-on-development-wells-188850.html Altech Chemicals has a new substantial shareholder http://www.proactiveinvestors.com.au/companies/news/188840/altech-chemicals-has-a-new-substantial-shareholder-188840.html Fri, 15 Dec 2017 11:18:00 +1100 http://www.proactiveinvestors.com.au/companies/news/188840/altech-chemicals-has-a-new-substantial-shareholder-188840.html Pancontinental Oil & Gas to reveal latest from gas appraisal well http://www.proactiveinvestors.com.au/companies/news/188836/pancontinental-oil-gas-to-reveal-latest-from-gas-appraisal-well-188836.html Fri, 15 Dec 2017 10:17:00 +1100 http://www.proactiveinvestors.com.au/companies/news/188836/pancontinental-oil-gas-to-reveal-latest-from-gas-appraisal-well-188836.html Altech Chemicals shares rise as project financing is advanced http://www.proactiveinvestors.com.au/companies/news/188830/altech-chemicals-shares-rise-as-project-financing-is-advanced-188830.html Fri, 15 Dec 2017 10:13:00 +1100 http://www.proactiveinvestors.com.au/companies/news/188830/altech-chemicals-shares-rise-as-project-financing-is-advanced-188830.html Carnarvon Petroleum and partner lay out drilling plans for 2018 http://www.proactiveinvestors.com.au/companies/news/188764/carnarvon-petroleum-and-partner-lay-out-drilling-plans-for-2018-188764.html Thu, 14 Dec 2017 11:43:00 +1100 http://www.proactiveinvestors.com.au/companies/news/188764/carnarvon-petroleum-and-partner-lay-out-drilling-plans-for-2018-188764.html Windlab starts construction of utility scale wind, solar and storage hybrid generator http://www.proactiveinvestors.com.au/companies/news/188553/windlab-starts-construction-of-utility-scale-wind-solar-and-storage-hybrid-generator-188553.html Mon, 11 Dec 2017 15:42:00 +1100 http://www.proactiveinvestors.com.au/companies/news/188553/windlab-starts-construction-of-utility-scale-wind-solar-and-storage-hybrid-generator-188553.html 88 Energy expands footprint in Alaska http://www.proactiveinvestors.com.au/companies/news/188435/88-energy-expands-footprint-in-alaska-188435.html Thu, 07 Dec 2017 20:19:00 +1100 http://www.proactiveinvestors.com.au/companies/news/188435/88-energy-expands-footprint-in-alaska-188435.html Drilling down into Buru Energy's strong year http://www.proactiveinvestors.com.au/companies/stocktube/8422 Buru Energy's (ASX:BRU), Executive Chairman Eric Streitberg tells us about the big year behind and the big year ahead after a capital raising exercise, a new drilling programme and increased oil production.
Hear how Buru's solid focus on exploring as well as production has been critical to planning Buru's prospects for 2018 and how this year's major portfolio restructuring has now paid off.

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Wed, 29 Nov 2017 08:30:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/8422
Tlou Energy keen to expand ownership of the company in Botswana http://www.proactiveinvestors.com.au/companies/stocktube/8399 Tony Gilby, managing director of  Tlou Energy Ltd (LON:TLOU, ASX:TOU), discusses with Proactive's Andrew Scott their decision to list on the Botswana Stock Exchange as well as their new cornerstone investor - asset manager African Alliance Botswana.

Funds managed by African Alliance have agreed to subscribe for roughly 21.2mln new Tlou shares at about 11p or 20 Australian cents a share

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Wed, 22 Nov 2017 21:36:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/8399
Tlou Energy very encouraged by early data from Botswana seismic programme http://www.proactiveinvestors.com.au/companies/stocktube/8286 Tony Gilby, managing director of Tlou Energy Limited (LON:TLOU), updates Proactive on their ongoing seismic programme in Botswana, which is now about 40% complete.

The 2D seismic programme, spanning the Lesedi and Mamba coal bed methane areas, kicked off on October 8.

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Wed, 25 Oct 2017 20:41:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/8286
Carnarvon Petroleum's Adrian Cook details the company's oil & gas strategy http://www.proactiveinvestors.com.au/companies/stocktube/8110 Adrian Cook, managing director for Carnarvon Petroleum, speaks with Proactive Investors.

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Wed, 20 Sep 2017 22:04:00 +1000 http://www.proactiveinvestors.com.au/companies/stocktube/8110
Buru Energy's Eric Streitberg talks cash flow from transformational asset swap http://www.proactiveinvestors.com.au/companies/stocktube/7550 Eric Streitberg, executive chairman for Buru Energy, speaks with Proactive Investors.

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Wed, 31 May 2017 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/stocktube/7550
Petsec Energy's AGM http://www.proactiveinvestors.com.au/companies/stocktube/7469 You can now access presentation of Petsec Energy's AGM held on Thursday, 11th May.

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Wed, 17 May 2017 16:00:00 +1000 http://www.proactiveinvestors.com.au/companies/stocktube/7469
Petsec Energy's chairman Terry Fern talks AGM highlights http://www.proactiveinvestors.com.au/companies/stocktube/7467 Terry Fern, chairman and chief executive officer for Petsec Energy, speaks with Proactive Investors.

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Wed, 17 May 2017 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/stocktube/7467
Buru Energy lays down foundations for long-term success http://www.proactiveinvestors.com.au/companies/stocktube/7142 Eric Streitberg, executive chairman for Buru Energy, speaks with Proactive Investors.

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Tue, 21 Mar 2017 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/7142
Petsec boss Terry Fern talks of the 'incredible upside' to the company's Yemen assets http://www.proactiveinvestors.com.au/companies/stocktube/6953 Terry Fern, chairman and managing director of Petsec Energy (ASX:PSA) runs Proactive through the company's producing assets in the U.S - as well as their development opportunities in the Republic of Yemen.

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Tue, 21 Feb 2017 19:36:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/6953
'It's crunch time' says 88 Energy's Dave Wall as they gear up to spud Icewine 2 http://www.proactiveinvestors.com.au/companies/stocktube/6950 88 Energy Ltd’s (LON:88E)  managing director Dave Wall joined us in the Proactive Investors studio to talk about the upcoming drilling programme at the Icewine shale discovery, on Alaska’s North Slope.

Wall discusses the potential of the new Icewine well, the anticipated timeline for the programme, and what investors can expect for what promises to be a very exciting 2017 for 88 Energy.

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Tue, 21 Feb 2017 01:52:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/6950
Grand Gulf Energy well placed as drilling advances at Boleslaw well http://www.proactiveinvestors.com.au/companies/stocktube/6619 Managing director of Grand Gulf Energy (ASX:GGE) Mark Freeman told Proactive the group was very well placed looking ahead.
The firm, with a market cap of A$5.2mln has revenues from three producing fields, which generate over US$100,000 a month after costs, including royalties.
It has funding, production revenues, reserves and upside opportunity, he added.
It comes as the group's Boleslaw No.1 well was started earlier this week - and is expected to take just over three weeks to complete to a depth of about 1,500 metres.
The firm is targeting two zones - at 900 metres and 1400 m. The prospect has a best estimate unrisked prospective resource of 87 billion cubic feet of gas.
On supporting infrastructure in the event of successful drilling, Freeman also noted that: "Poland has a very extensive pipeline network and the joint venture will have a choice of which system to use - the closest is only 10km away.
"We also have the opportunity of generating electricity on site and selling the energy into the European grid," he added.

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Fri, 16 Dec 2016 01:41:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/6619
Solo Oil boss Neil Ritson says new drilling can turn Ntorya into a ‘big project’ http://www.proactiveinvestors.com.au/companies/stocktube/6570 Solo Oil PLC (LON:SOLO) boss Neil Ritson is excited about what he describes as a long awaiting drill programme in Tanzania, which kicks off with the imminent spudding of the Ntorya-2 appraisal well.

He highlights that much has changed on the surface since the original Ntorya well discovered gas - most notably there’s a new gas pipeline and infrastructure, and with partner Aminex the company has delivered another project into revenue generating production.

“Now is the time to get after the appraisal of the discovery we made in 2012,” he said.

Ritson the first well flowed gas and condensate at respectable rates, but expectations are high for Ntorya-2.

“We’re trying to turn this from a commercial project into a ‘big project’.

“It has already got enough gas from the first well to go into the pipeline system and make us some money, but, we think there’s a lot more to come here.”

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Thu, 08 Dec 2016 18:00:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/6570
Refinancing deal 'critically important' for LGO Energy PLC, says CEO Neil Ritson http://www.proactiveinvestors.com.au/companies/stocktube/6568 LGO Energy PLC (LON:LGO) has announced “a major turning point” with news of a refinancing deal which will allow drilling to recommence at the Goudron Field in Trinidad.

Speaking to Proactive's Stocktube, CEO Neil Ritson says: ''The combination of an affordable loan, robust and profitable production operations and an active drilling program, will allow LGO to quickly return to underlying growth.''

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Thu, 08 Dec 2016 02:35:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/6568
'A great deal of support' for Sound Energy PLC, says Cantor's Sam Wahab http://www.proactiveinvestors.com.au/companies/stocktube/6466 Sound Energy PLC (LON:SOU) has raked in more than it anticipated in a fundraiser that allowed private investors to participate alongside City institutions.

Speaking to Proactive, Cantor Fitzgerald's oil analyst Sam Wahab says: ''An oversubscribed and underwritten placing announced yesterday and today, that's just over £26 mln in the coffers and they only set out to raise  £24.1 mln - and at a very modest discount as well''.

''It does show there's a lot of support both from private retail  investors as well as City institutions''.

On Thursday, Sound said its first horizontal well flowed at 32mln standard cubic feet of gas a day and could eventually go “significantly above” 40mln standard cubic feet.

Sam Wahab says 'It's very material for Africa in general but certainly for Morocco''

''This is very, very important for them''.

''It shows that they can produce at significant rates from the existing acreage - I suppose looking further ahead the key focus for investors will be the outpost well which will be TE-8 and I suppose that would determine how large this field is'', Wahab adds.

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Fri, 25 Nov 2016 22:34:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/6466
Sound Energy PLC opens up funding to private as well as institutional investors http://www.proactiveinvestors.com.au/companies/stocktube/6458 On the back of some impressive flow rates from its first horizontal well on the Tendrara licence and backed by its success to date in Morocco, Sound Energy PLC has unveiled plans to raise just over £24mln.

Sound is offering shares in two tranches and is using the PrimaryBid platform for private investors who have less than €100,000 to stake on the company’s success.

On why Sound may have taken this approach, PrimaryBid's CEO Dave Mutton tells Proactive: ''The company has a very loyal existing shareholder base and one of their specific requirements for this offer was to be able to open it up to that shareholder base and let them participate''.

Mutton says he wasn't at all surprised at the level of interest there was for the company's stock as it's a very large company with keen shareholders.

In a statement Sound Chief James Parsons said: “Sound Energy values its private investor base and has chosen this structure to enable the introduction of institutions to the register whilst also re-affirming our commitment to treat private investors fairly.”

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Thu, 24 Nov 2016 23:53:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/6458
Savannah Petroleum PLC signs 'extremely significant' deal for Nigeria exploration http://www.proactiveinvestors.com.au/companies/stocktube/6410 Savannah Petroleum PLC (LON:SAVP) has signed a three-way agreement in relation to the Nigerian section of the Central African Rift System.

The memorandum of understanding was co-signed by the New Nigeria Development Company Ltd (NNDC) and Nigeria National Petroleum Corporation (NNPC).

Chief executive Andrew Knott tells Proactive: ''Alongside that agreement we've also made several other announcements which I think in aggregate represent a very big step forward for us as a company''.

''NNDC is one of the largest  corporations in northern Nigeria - it's a very important and influential partner to have''.

The AIM quoted company expects to  enter into additional agreements with NNDC and NNPC over time, and it added that separate talks are taking place between them regarding other potential opportunities in Nigeria.

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Thu, 17 Nov 2016 23:20:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/6410
Finncap's Dougie Youngson likes what he sees with Hurricane Energy http://www.proactiveinvestors.com.au/companies/stocktube/6369 Hurricane Energy PLC (LON:HUR) is one of the most exciting development stories in the North Sea today, according to City broker finnCap. Analyst Dougie Youngson tells Proactive: ''The key excitement is that it's a junior oil stock listed on AIM which has successfully raised a lot of money over the last 12 months and is drilling very exciting prospects in the North Sea - a region which people seem to have written-off incorrectly.''
Asked how he sees the stock performing in the months ahead, he said: ''It's largely dependent on the next two-well programme - if they can prove there's more resources then the Greater Lancaster area becomes a very critical infrastructure hub in the future. But even if the two wells don't come up with the goods, Lancaster is still a key project in its own right.''

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Fri, 11 Nov 2016 23:32:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/6369
Mosman 'excited about production potential' at Pine Mills http://www.proactiveinvestors.com.au/companies/stocktube/6357 Shares in Mosman Oil And Gas Ltd (LON:MSMN) more than doubled on Wednesday morning after it confirmed it had bought an 80% interest in a producing Texas oil field.
Technical director Andy Carroll tells Proactive: ''The technology that's being applied is simple drill and produce technology and hasn't changed since the 1950s when production started.''
Carroll added that they're excited about the potential to increase production at Pine Mills and also the further exploration potential they reckon can be accessed by acquiring seismic data.
''We had a strategic review as to the best place to be in the current oil environment and the U.S. is outstanding because you're close to market with very small transportation costs''.

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Thu, 10 Nov 2016 00:21:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/6357
Ascent Resources plc readying itself for production in Slovenia http://www.proactiveinvestors.com.au/companies/stocktube/6304 Ascent Resources plc (LON:AST) has just raised around £4.5 million to bring its gas field in Slovenia into production early next year. Ascent’s an independent oil and gas exploration company focused predominantly on European onshore projects.

Chief executive Colin Hutchinson tells Proactive: ''Ascent's primary asset is this gas field in Slovenia. Ascent's been involved there since 2007, drilled two wells in 2011, proved it was a significant asset and we've been working since then to bring that asset into production''.

''We had a major breakthrough in August of last year when we signed a gas sales agreement with INA to sell the gas to them at the border and then last week we announced that we've raised the money to fund the capex that we need to get it into production'', Hutchinson added.

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Wed, 02 Nov 2016 01:55:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/6304
Green Dragon Gas Ltd 'confident of string of successes' http://www.proactiveinvestors.com.au/companies/stocktube/6279 2016 was an auspicious year for China-focused coal bed methane producer Green Dragon Gas Ltd (LON:GDG).

Founder, chairman and chief executive officer Randeep Grewal talks Proactive Investors through the highlights of a year in which the company has started to reap the rewards of its hard work.

With the company’s maiden profit under its belt in 2015, Grewal said: “What we’re truly focused on is completing what we have started, so this is our year to … start monetising the returns that we’ve been working so hard to do over the last 20 years.”

Green Dragon had eight exploration blocks and two in production, and one of the targets at the start of the year was to move a third block from exploration into development, and this was achieved last month with the Guizhou block.

Asked whether the company is being affected by the rocky ride for commodities this year, Grewal replied: “The beautiful thing about working in China is, we’re not.”

The decline in the value of the Chinese currency in dollar terms has had a bit of an effect, “but when it comes to commodity prices, certainly we’ve seen a bit of a down-take in terms of energy prices in China, but the government’s been … very creative and constructive. They’ve doubled our subsidy and essentially offset that change in pricing.”

“Again, the benefit of working in China is that it provides us with stability, and we really enjoy that,” Grewal said.

Green Dragon has applied for approval of the Chinese Reserve Report for Guizhou from the Ministry of Land Resources, which is a precursor to approval of the overall development plan (ODP) and expected to come through in 2017.

“Our doors are wide open to invite a partner in, because we do see that as a farm-out block,” Grewal disclosed.

A “solid partner” who is interested in domestic gas production in China is the company’s preferred funding option for development of the block.

Grewal also talked about GSS 008, which has been in production since 2008, describing it as “the gift that keeps on giving”.

“I think it is a great example of the potential of the LiFaBric technology,” Grewal asserted. LiFaBric is the technology the company developed for tapping into unconventional gas sources in China.

“We’ve truly mastered producing gas, without a drop of chemical, without frakking, in highly faulted coals. GSS is the first of many LiFaBric wells.

“It is the beginning of a string of successes,” the Green Dragon founder promised.

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Fri, 28 Oct 2016 21:46:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/6279
Hyperdynamics excited about its high risk/high reward programme http://www.proactiveinvestors.com.au/companies/stocktube/6219 Hyperdynamics Corporation (OTCMKTS:HYDN) is an independent exploration company exploring offshore the Republic of Guinea for new sources of oil and Gas and has a 100% share in an ultra-deep water two-well drilling programme.

President and chief executive Ray Leonard tells Proactive: ‘’We’re gearing up to spud the next well in April and we’re really excited about it.’’

‘’In terms of why Guinea right now really there are two things -  first of all northwest Africa was an area that was pretty much an exploration wasteland until 2007 when Tullow Oil made a huge discovery called the Jubilee Field which is about a billion barrels of oil and after that there was a tremendous amount of leasing of other companies and over time the results have pointed in our view to Guinea being the closest analogy in geology to offshore Ghana. The other plus is that this contract was negotiated in 2006 – the year before Jubilee. What you often get in the oil industry is that once someone makes a discovery, not only do the companies rush into the area but the host governments realise that this is something very attractive and the terms start getting more difficult – royalties increase, the profit split to the host nation increases and this is the only contract left that’s pre-Jubilee times so not only do you have excellent geology but you have excellent fiscal terms’’, Leonard adds.

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Thu, 20 Oct 2016 19:34:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/6219
Buru Energy in 'pretty good shape with strong balance sheet' says exec chairman http://www.proactiveinvestors.com.au/companies/stocktube/6187 Buru Energy (ASX:BRU) is an Australian listed oil and gas exploration and production company. They’re focused primarily on the petroleum resources of the Canning Superbasin – in  Western Australia.

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Fri, 14 Oct 2016 21:15:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/6187
Hillcrest Petroleum "sticking a flag" in Louisiana http://www.proactiveinvestors.com.au/companies/stocktube/5989 Don Currie, CEO of Hillcrest Petroleum (CVE:HRH, OTCQB:HLRTF), admits the Texas and Gulf of Mexico-focused oil producer has had to make some tough decisions in response to the tougher environment for energy companies, but it is not completely going into its shell.
Targeting producing assets deemed too small to bother with by the majors or “fire sale” assets from overstretched producers, Hillcrest recently signed a deal that could see it earn a 75% working interest in 6,200 acres located in a well-established hydrocarbon producing area of Louisiana. Currie said the acreage presents a chance to “plant a flag in the area”, establish a reputation as a competent operator, and grow from there.

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Thu, 15 Sep 2016 00:43:00 +1000 http://www.proactiveinvestors.com.au/companies/stocktube/5989
Potash West's MD Patrick McManus talks to Proactive Investors TV http://www.proactiveinvestors.com.au/companies/stocktube/5863 ASX:PWN) holds a strategically located phosphate and potash project in Western Australia. ]]> Wed, 10 Feb 2016 10:59:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/5863 Buru Energy's chairman Eric Streitberg outlines Canning Basin strategy to Proactive Investors http://www.proactiveinvestors.com.au/companies/stocktube/5649 ASX:BRU) petroleum assets and tenements are located onshore in the Canning Basin in the southwest Kimberley region of Western Australia. ]]> Sun, 04 Oct 2015 09:27:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/5649 LWP’s Siegfried Konig brings fracking technology to Proactive's Luncheons http://www.proactiveinvestors.com.au/companies/stocktube/5536 ASX:LWP) is targeting the multi-billion dollar proppants sector through the development of its next generation technology. ]]> Thu, 17 Sep 2015 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/stocktube/5536 "Dart Energy’s flagship CBM project in UK producing first gas and generating electricity" http://www.proactiveinvestors.com.au/companies/stocktube/5505 Dart Energy (ASX:DTE), tells Proactiveinvestors that Dart is now producing gas and generating electricity from its flagship coal bed methane (CBM) project in the UK. John talks about having a "unique global footprint" in shale and CBM projects and he said he expects the company to have multiple international projects coming into revenue during the next year ]]> Tue, 24 Jul 2012 20:07:00 +1000 http://www.proactiveinvestors.com.au/companies/stocktube/5505 Dart Energy CCO talks about a “fantastic opportunity” http://www.proactiveinvestors.com.au/companies/stocktube/5504 Dart Energy (ASX:DTE), tells Proactiveinvestors that there is a “fantastic opportunity in the unconventional gas business” and that the company has identified a number of projects that can be fast-tracked. Eytan also talks about the opportunities that Dart has around the world including its most advanced asset which is based in Scotland. ]]> Sat, 21 Apr 2012 01:53:00 +1000 http://www.proactiveinvestors.com.au/companies/stocktube/5504