tag:blogger.com,1999:blog-71146863879179778832024-03-05T19:13:41.703+05:30Oil and Gas - Mergers and Acquisition ReviewSanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.comBlogger573125tag:blogger.com,1999:blog-7114686387917977883.post-5902675358489128312012-02-28T23:01:00.000+05:302012-02-28T23:01:43.207+05:30Kinder Morgan divests El Paso’s E&P assets for $7.15B<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;">Affiliates of Apollo Global Management LLC, Riverstone Holdings LLC, Access Industries Inc and other investors, have signed a definitive agreement to acquire all of the oil and gas exploration and production assets of El Paso Corp for approximately $7.15 billion.</span><br />
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<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"><a href="http://www.derrickpetroleum.com/2012/02/25/kinder-morgan-divests-el-pasos-ep-assets-for-7-15b/">Continue reading</a> for a detailed analysis.</span></div>1Derrickhttp://www.blogger.com/profile/04902793016773071606noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-45495273141994942382012-02-28T22:59:00.000+05:302012-02-28T22:59:10.284+05:30Linn Energy acquires BP’s Kansas assets for $1.2B<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;">Linn Energy LLC has signed a definitive purchase agreement to acquire Hugoton basin properties located in Kansas from BP for $1.2 billion.</span><br />
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<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"><a href="http://www.derrickpetroleum.com/2012/02/28/linn-energy-acquires-bps-kansas-assets-for-1-2b/">Continue reading</a> for a detailed analysis.</span></div>1Derrickhttp://www.blogger.com/profile/04902793016773071606noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-54041777763151693412012-02-28T22:57:00.000+05:302012-02-28T22:57:24.257+05:30Rosetta Resources sells certain South Texas assets for $95M<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;">Rosetta Resources Inc has entered into a purchase and sale agreement to sell interest in its Lobo assets and a portion of its Olmos assets in South Texas for $95 million. </span><br />
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<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"><a href="http://www.derrickpetroleum.com/2012/02/28/rosetta-resources-sells-certain-south-texas-assets-for-95m/">Continue reading</a> for a more detailed analysis.</span></div>1Derrickhttp://www.blogger.com/profile/04902793016773071606noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-89789316355900756402012-02-28T22:55:00.001+05:302012-02-28T22:55:53.508+05:30Wapiti acquires Utah assets from Gasco for $36M<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;">Wapiti Oil & Gas II LLC has signed an agreement with Gasco Energy Inc to acquire 50% interest in Gasco’s producing and non-producing assets in Uinta basin, Utah. Effective 1-Sep-2011, the transaction is expected to close in Mar-2012, subject to necessary approvals.</span><br />
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<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"><a href="http://www.derrickpetroleum.com/2012/02/28/wapiti-acquires-utah-assets-from-gasco-for-36m/">Continue reading</a> for a detailed analysis.</span></div>1Derrickhttp://www.blogger.com/profile/04902793016773071606noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-21633780013990543042012-02-24T12:40:00.001+05:302012-02-24T12:40:07.370+05:30Buru Energy enhances Canning Superbasin presence<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Untitled15.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="314" src="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Untitled15.jpg" width="320" /></a><span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"></span><br />
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<b>Buru Energy</b> has been offered 2 permits, L11-1 and L11-2, onshore Canning Superbasin, <b>Western Australia</b>, by the Department of Mines and Petroleum. Final award of the permits is subject to completion of negotiations. <a href="http://www.derrickpetroleum.com/2012/02/23/buru-energy-awarded-two-permits-in-canning-superbasin/" target="_blank">Continue reading here..</a></div>
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</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-5035567946613808852012-02-24T12:38:00.002+05:302012-02-24T12:38:38.090+05:30Mitsubishi enters PNG through $280M farm-out agreement<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Mitsubishi-Talisman.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="320" src="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Mitsubishi-Talisman.jpg" width="254" /></a></div>
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<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"><b>Mitsubishi Corp</b> has signed a farm in agreement with <b>Talisman Energy</b> to acquire interests in nine licences in <b>Papua New Guinea</b>’s onshore Western Province for $280 million which will be paid in the form of capital carry. Following the farmout, Talisman and Mitsubishi interests in the licences will average 40% and 20%, respectively. The transaction is effective 1-Jan-2012 and is subject to approvals. <b>RFC Corporate Finance</b> has acted as an advisor to Talisman on this transaction. <a href="http://www.derrickpetroleum.com/2012/02/23/mitsubishi-enters-png-through-280m-farm-out-agreement/" target="_blank">Continue reading here..</a></span></div>
</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-47938275614635759982012-02-24T12:36:00.000+05:302012-02-24T12:36:21.539+05:30Centrica acquires North Sea assets from Total for $388M<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Untitled14.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="311" src="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Untitled14.jpg" width="320" /></a></div>
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<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"><b>Centrica Plc</b> has reached an agreement with <b>Total E&P UK</b> Ltd to acquire their non-operated portfolio of producing oil and gas assets and associated infrastructure in the <b>Central North Sea (CNS)</b> for a total cash consideration of $388 million. Around 20% of the consideration is allocated to UK tax allowances. The transaction is effective 1-Jul-2011 and is expected to close on a field by field basis with earliest closing date expected to be in Jul-2012, subject to necessary approvals. <b>Scotia Waterous </b>has acted as an advisor to Total on this transaction. <a href="http://www.derrickpetroleum.com/2012/02/22/total-sells-certain-north-sea-assets-to-centrica-for-388m/" target="_blank">Continue reading here..</a></span></div>
</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-36377023715888027742012-02-24T10:26:00.001+05:302012-02-24T10:26:09.051+05:30Shell offers a significant premium for Cove<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Untitled13.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Untitled13.jpg" /></a></div>
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<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"><b>Shell </b>has offered to acquire <b>Cove Energy Plc</b>, a British oil and gas explorer, for approximately $1.6 billion within one and a half months after Cove Energy was put up for sale. Shell subsidiary Shell Bidco has offered £1.95 per (US$3.08) Cove share, valuing the company at £992.4 million (~US$1.57 billion). After accounting for Cove’s working capital surplus of $172.8 million, the deal value comes to ~$1.4 billion. <a href="http://www.derrickpetroleum.com/2012/02/22/shell-offers-a-significant-premium-for-cove/" target="_blank">Continue reading here..</a></span></div>
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<br /></div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-13642002095330844922012-02-24T10:14:00.000+05:302012-02-24T10:14:45.587+05:30CAMAC Energy to acquire three blocks in Kenya<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Untitled12.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Untitled12.jpg" /></a><span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px;"></span><br />
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<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px;"><b>CAMAC Energy Inc</b> has entered into a Heads of Agreement with the <b>Kenya</b>n Ministry of Energy for the award of three exploration blocks: 11A, L1B, and L16. CAMAC will be the operator with 90% interest in the blocks. The Government of Kenya will be carried at 10% through declaration of commerciality and may thereafter elect to participate up to 10%. <a href="http://www.derrickpetroleum.com/2012/02/22/camac-energy-to-acquire-three-blocks-in-kenya/" target="_blank">Continue reading here..</a></span></div>
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</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-72433670244419598542012-02-22T11:45:00.000+05:302012-02-22T11:45:08.325+05:30Otto Energy acquires 50% interest in two Tanzania PSAs<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"><b>Otto Energy Ltd</b> has agreed to acquire 50% WI in two onshore Production Sharing Agreements (PSAs), Kilosa-Kilombero and Pangani, in <b>Tanzania</b> from <b>Swala Oil & Gas (Tanzania) Ltd.</b> <a href="http://www.derrickpetroleum.com/2012/02/22/otto-energy-acquires-50-interest-in-two-tanzania-psas/" target="_blank">Continue reading here..</a></span><br />
<br /></div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-60644579959671994682012-02-22T09:37:00.002+05:302012-02-22T09:37:12.865+05:30Egdon Resources farms out 12.5% interest in onshore UK licence<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/PEDL-201UK.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="272" src="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/PEDL-201UK.jpg" width="400" /></a></div>
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<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"><b>Egdon Resources Plc</b> has farmed out 12.5% interest in Petroleum Exploration and Development Licence 201 located in Nottinghamshire and Leicestershire, UK to <b>Terrain Energy Ltd</b> and <b>Corfe Energy Ltd</b>. Terrain and Corfe will each pay 12.5% of the cost of the planned Burton on the Wolds-1 exploration well to earn 6.25% interest. The transaction is subject to necessary approvals. <a href="http://www.derrickpetroleum.com/2012/02/21/egdon-resources-farms-out-12-5-interest-in-onshore-uk-licence/" target="_blank">Continue reading here..</a></span></div>
</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-3205610974859916992012-02-20T12:37:00.002+05:302012-02-20T12:37:39.842+05:30Dragon Oil explores possible offer for Bowleven<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Dragon-Oil.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Dragon-Oil.jpg" /></a><span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"></span><br />
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<b>Dragon Oil Plc</b>, an oil explorer focused on <b>Turkmenistan</b>, has confirmed in a statement that it is in the preliminary stages of exploring a possible offer for <b>Bowleven Plc</b>, a company with a Market Cap of £348 million with operations focused in <b>Cameroon</b> and <b>Gabo</b>n. <a href="http://www.derrickpetroleum.com/2012/02/20/dragon-oil-explores-possible-offer-for-bowleven/" target="_blank">Continue reading here..</a></div>
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</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-26494215726835223132012-02-18T12:05:00.002+05:302012-02-18T12:05:44.456+05:30Crescent Point Energy expands Bakken presence<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Untitled10.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="400" src="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Untitled10.jpg" width="336" /></a><span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"></span><br />
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<b>PetroBakken Energy Ltd</b> has agreed to sell certain non-core Southeast Saskatchewan assets to <b>Crescent Point Energy Corp</b> for C$427 million (US$428.341 million) in cash. The assets are located in the water flood area of the Viewfield <b>Bakken</b> light oil resource play. <a href="http://www.derrickpetroleum.com/2012/02/17/crescent-point-energy-expands-bakken-presence/" target="_blank">Continue reading here..</a></div>
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</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-33787388272305327202012-02-18T12:03:00.002+05:302012-02-18T12:03:36.670+05:30ConocoPhillips-Perenco deal analysis<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/ConocoPhillips_Vietnam.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="362" src="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/ConocoPhillips_Vietnam.jpg" width="400" /></a><span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"></span><br />
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<b>ConocoPhillips</b> has entered into an agreement with <b>Perenco</b> to sell its <b>Vietnam</b> business unit for $1.29 billion. The transaction is anticipated to close in H1-2012. <b>HSBC Securities (USA) Inc</b> has acted as an advisor to ConocoPhillips. <a href="http://www.derrickpetroleum.com/2012/02/17/conocophillips-perenco-deal-analysis/" target="_blank">Continue reading here.</a>.</div>
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</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-90552050357526908362012-02-18T12:01:00.002+05:302012-02-18T12:01:31.369+05:30ConocoPhillips bids adieu to Vietnam<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/conocophillips.jpeg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="150" src="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/conocophillips.jpeg" width="200" /></a><span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"></span><br />
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<b>ConocoPhillips</b> has entered into an agreement with <b>Perenco</b> to sell its <b>Vietnam</b> business unit for $1.29 billion. The transaction is anticipated to close in H1-2012. This transaction is a part of the ConocoPhillips’ asset divestiture program of 2010-12 worth $15 billion to $20 billion. <a href="http://www.derrickpetroleum.com/2012/02/17/conocophillips-bids-adieu-to-vietnam/" target="_blank">Continue reading here..</a></div>
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<img height="191" src="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/ConocoPhillips.jpg" width="400" />
</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-17940415770027760452012-02-17T14:25:00.000+05:302012-02-17T14:25:13.966+05:30Sound Oil seeks partner for assets in Italy and Indonesia<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;">Sound Oil Plc, in November 2011, has announced that there are opportunities to farm out several large scale assets possibly in Italy and Indonesia. <a href="http://www.derrickpetroleum.com/2012/02/17/sound-oil-seeks-partner-for-assets-in-italy-and-indonesia/" target="_blank">Continue reading here..</a></span><br />
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<a href="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Sound-Oil-836x1024.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"><img border="0" height="640" src="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Sound-Oil-836x1024.jpg" width="522" /></a></div>
</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-71625490311628247662012-02-17T12:03:00.000+05:302012-02-17T12:03:03.120+05:30Parex acquires further interest in Colombia block from Talisman Energy<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/20091019-parex.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/20091019-parex.jpg" /></a></div>
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<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"><b>Parex Resources Inc</b> has signed an agreement with <b>Talisman Energy </b>to acquire its 25% interest in the <b>El Eden block</b>. Pursuant to the transaction, Parex will have 60% interest in the block and 50% of the non-producing <b>Chiriguaro oil discovery</b>. The completion is subject to regulatory approval. <a href="http://www.derrickpetroleum.com/2012/02/16/parex-acquires-further-interest-in-colombia-block-from-talisman-energy/" target="_blank">Continue reading here..</a></span></div>
</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-84911948521986620942012-02-17T11:58:00.001+05:302012-02-17T11:59:18.408+05:30Anadarko to divest Indonesian assets<div dir="ltr" style="text-align: left;" trbidi="on">
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<b>Anadarko Petroleum Corporation</b> has planned to sell its assets in Indonesia (primarily deepwater exploration acreage offshore East Kalimantan). Anadarko has participating interests in approximately 4.5 million exploration acres through a combination of several operated and non-operated Production Sharing Contracts (PSC). <a href="http://www.derrickpetroleum.com/2012/02/16/anadarko-to-divest-indonesian-assets/" target="_blank">Continue reading here..</a></div>
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</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-17696456775871696502012-02-17T09:35:00.004+05:302012-02-17T09:35:45.353+05:30Devon Energy expands Utica Shale presence<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Map8.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="369" src="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Map8.jpg" width="400" /></a><span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"></span><br />
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<b>Devon Energy</b> has acquired an additional 125,000 net acres in the <b>Utica Shale</b> play in <b>Ohio</b> in Q4-2011. Pursuant to this transaction, Devon holds 235,000 net acres in the Utica Shale play. <a href="http://www.derrickpetroleum.com/2012/02/16/antero-resources-acquires-utica-shale-acreage/" target="_blank">Continue reading here..</a></div>
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</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-45584880163290550162012-02-16T10:18:00.001+05:302012-02-16T10:18:11.170+05:30Rock Energy divests Montney assets for $46M<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Map7.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Map7.jpg" /></a></div>
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<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"><b>Rock Energy Inc</b> has agreed to sell its entire Montney natural gas assets in Elmworth area of <b>Alberta</b> for C$46 million (US$46.185 million). Rock Energy has closed the sale of some of its Montney gas assets (Transaction 1) to a Canadian oil and gas producer for C$36 million (US$36.177) on 9-Feb-2012. The remaining assets are being sold (Transaction 2) to a second Canadian oil and gas producer for C$10 million (US$10.008 million). Closing of Transaction 2 is anticipated to occur before the end of Feb-2012, subject to necessary approvals. <a href="http://www.derrickpetroleum.com/2012/02/15/rock-energy-divests-montney-assets-for-46m/" target="_blank">Continue reading here..</a></span></div>
</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-26021222933821134652012-02-16T10:16:00.000+05:302012-02-16T10:16:08.405+05:30Alkane Energy farms out interest in two UK CBM blocks<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Symbol6.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Symbol6.jpg" /></a><span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"></span><br />
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<b>Alkane Energy Plc</b> has signed a partnership agreement with Aberdeen Drilling Management Ltd (ADM) to explore 2 of Alkane’s Petroleum Exploration and Development Licences (PEDL 191 and 90) with <b>coal bed methane (CBM)</b> potential in Nottinghamshire and in East Midlands, UK. <b>Envoi</b> is acting as an advisor to Alkane for this transaction. <a href="http://www.derrickpetroleum.com/2012/02/15/alkane-energy-farms-out-interest-in-two-uk-cbm-blocks/" target="_blank">Continue reading here..</a></div>
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</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-73820001803814069852012-02-16T10:13:00.001+05:302012-02-16T10:13:43.093+05:30Magnolia acquires additional Oklahoma acreage<div dir="ltr" style="text-align: left;" trbidi="on">
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<b>Magnolia Petroleum Plc</b> has acquired an additional 480 gross acres with an average 83.33% WI and 81.25% NRI in the oil producing Mississippi Lime formation, Oklahoma via a farm-out agreement. Magnolia is on course to drill 1 well in the Mississippi Lime formation by the end of 2012 – Magnolia as operator. <a href="http://www.derrickpetroleum.com/2012/02/15/magnolia-acquires-additional-oklahoma-acreage/" target="_blank">Continue reading here..</a></div>
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</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-65655986930841839312012-02-15T14:39:00.004+05:302012-02-15T14:39:56.693+05:30Petsec Energy acquires interest in Alberta Shale oil project<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"><b>Petsec Energy</b> has signed an agreement to acquire 24.5% WI in <b>Alberta Shale</b> oil leases covering 17,280 acres. Petsec will have to pay 35% of the costs to drill one initial commitment well and 35% of the costs of drilling up to 3 optional wells. The initial commitment well is expected to spud before the end of Feb-2012. <a href="http://www.derrickpetroleum.com/2012/02/15/petsec-energy-acquires-interest-in-alberta-shale-oil-project/" target="_blank">Continue reading here..</a></span></div>
</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-83880769151201476892012-02-15T12:19:00.004+05:302012-02-15T12:19:55.761+05:30Petroceltic to Sell Additional 18.375% interest in Algeria Gas Field<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Petroceltic-Isarene-PSC.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="400" src="http://www.derrickpetroleum.com/wp-content/uploads/2012/02/Petroceltic-Isarene-PSC.jpg" width="358" /></a></div>
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<span style="background-color: #f9faf5; color: #2d2d2d; font-family: Arial, sans-serif; font-size: 14px; line-height: 21px; text-align: -webkit-auto;"><b>Petroceltic International Plc</b> is looking to sell a further 18.375% stake in <b>Ain Tsila gas field</b> in <b>Isarene</b> Production Sharing Contract (Blocks 228 and 229a), <b>Algeria</b>. Earlier in April 2011, Petroceltic farmed out 18.375% interest in the Isarene Production Sharing Contract (Blocks 228 and 229a) to Enel Trade. <a href="http://www.derrickpetroleum.com/2012/02/15/petroceltic-to-sell-additional-18-375-interest-in-algeria-gas-field/" target="_blank">Continue reading here..</a></span></div>
</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0tag:blogger.com,1999:blog-7114686387917977883.post-67902300700047956102012-02-15T12:17:00.001+05:302012-02-15T12:17:57.747+05:30GeoPark Acquires Winchester Oil & Gas and La Luna Oil for $30M<div dir="ltr" style="text-align: left;" trbidi="on">
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<b>GeoPark Holdings Ltd</b> has announced the acquisition of <b>Winchester Oil and Gas SA</b> and <b>La Luna Oil Company Ltd SA</b> (collectively – Winchester Luna), privately-held exploration and production companies operating in<b> Colombia</b>, for $30 million in cash. The agreement also provides for certain contingent payments from production revenues as a result of successful future exploration. <a href="http://www.derrickpetroleum.com/2012/02/14/geopark-acquires-winchester-oil-gas-and-la-luna-oil-for-30m/" target="_blank">Continue reading here..</a></div>
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</div>Sanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.com0