Thursday, February 2, 2012

Dart Energy builds up UK CBM portfolio

Dart started its acquisition of UK CBM assets in Sep-2010 by acquiring Composite Energy. It paid $54 million to obtain interests in interests in 15 CBM blocks in the UK and 2 CBM blocks in Poland. Continue reading here..

Chariot Oil & Gas Completes BP Farmout

In the last quarter of 2011, Namibia saw an increased activity in trading exploration blocks. The prominent deals include UK listed Chariot Oil & Gas Ltd – British supermajor BP, Canadian listed Eco (Atlantic) Oil & Gas Ltd – British independent Azimuth Ltd and UK independent West Bay Investments Ltd, and Russian based Sintez – Canadian listed EnerGulf Resources. Continue reading here..

Buccaneer Energy expands Alaska presence

Buccaneer Energy Ltd has agreed to acquire 25% operated WI in the Cosmopolitan field (Cosmo) from Pioneer Natural Resources. BlueCrest Energy II LP has also acquired 75% WI in the field. Continue reading here..

SandRidge – Dynamic deal inline with past transactions

SandRidge Energy Inc will acquire Dynamic Offshore Resources for $1.275 billion. Dynamic’s assets include low operating cost, mature fields (R/P~7 years, 80% developed).


SandRidge will pay $51,000/Daily BOE which is inline with some of the larger deals in the region, viz. Energy XXI-ExxonMobil valued at $44,720/Daily BOE and Apache-Devon valued at $36,696/Daily BOE. Continue reading here..

Will ExxonMobil’s Polish Failure have a ripple effect on European Shale Operators?

Poland has the largest shale exploration potential in Europe by virtue of its attractive geology and by the Polish Government offering lucrative fiscal terms to prospectors. International majors, including ExxonMobil, Marathon Oil Corp, Chevron Corp and Talisman Energy Inc, are probing Poland’s shale deposits to ascertain if drilling techniques that revolutionized US gas production can unleash reserves big enough to supply Polish demand for more than three centuries. Continue reading here..

SandRidge Energy to increase GoM presence through $1.3B acquisition

SandRidge Energy Inc has signed an agreement to acquire Dynamic Offshore Resources LLC for in a cash plus share consideration of $1.275 billion. Continue reading here..

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