Bulletin board favourite Gulf Keystone Petroleum () has hired former Glencore boss Simon Murray as its new non-executive chairman.
Murray takes over the chair from Todd Kozel, who remains with Gulf as chief executive.
In other board room action, () has confirmed a number of boardroom changes after a major fundraising earlier this year.
Gordon Stein has been hired as chief financial officer, and Richard Laing, Al Njoo and Achmad Madjedi Hasan all join the board as non-executive directors.
Meanwhile, Ian Barby and Peter Kingston have stepped down from their positions as non-executive directors.
In the deals corner, (, CVE:FO) said () has elected not to commit to a five well programme on the former?s Beetaloo Basin permits in Australia.
In a dramatic twist to events the American giant asked for an extension to the June 28 deadline in order to conclude a farm-out with a third party described as ?one of the largest oil and gas companies in the world?.
This request was rejected, which means forfeits their right to earn 62.5% in three Beetaloo permits having invested an estimated US$80mln exploring the area.
Falcon gets to keep 100% of four permits in the basin in Australia?s Northern Territory, which the AIM and TSX-listed explorer says leaves it in a ?stronger position going forward?.
The group said it has already received ?unsolicited interest? from major oil and gas companies.
() and Antrim Energy (, CVE:AEN) have struck a deal that could transform the Fyne oil field development project in the North Sea.
The previous plan for Fyne was scrapped earlier this year because of rising development costs.
Through the deal with Enegi, and its joint venture partner, AB Technology (ABT), an alternative field development plan will be devised using un-manned production buoys. This is expected to reduce both development and operational costs.
Enegi and ABT will together earn a 50% interest in the Fyne field once the new development plan has been completed and approved by the Department of Energy and Climate Change (DECC).
(, ASX:RRS) has struck a deal to significantly increase its footprint in Trinidad.
Through a deal with Toronto listed Niko Resources (TSX:NKO) it will acquire a stake in the large Guayaguayare block, which has four prospective onshore fields as well as an offshore area. This adds more than 280,000 acres to the group's Trinidad portfolio.
() revealed initial production from the Marathon Oil operated Helgeson well, and announced it will participate in seven new wells in Oklahoma.
It has a 4% stake the Helgeson well, in the Bakken play in North Dakota, which produced 1,401 barrels of oil equivalent per day, giving Magnolia an additional 57 barrels a day.
In Oklahoma the company will take working interests, ranging from 0.3% to 12.5%, in seven wells for around US$300,000.
() has submitted the winning bids in the auction of certain assets of Richfield Oil & Gas, located in Kansas.
The company is paying US$165,000 for assets known locally as the Furthmyer #1 well (West), the Neidenthal #1 well (South), two producing oil wells, their associated production equipment, facilities and leases, along with a common salt water disposal well, the Furthmyer #11.
Current production on these leases averages around six barrels of production per day (gross).
() has added more depth to its portfolio by acquiring a 20% interest in the () operated Marovoay block, onshore Madagascar.
Importantly, Tower?s share of the costs will be ?carried? for up to two wells (capped at US$4mln for each well).
In exploration news, () has announced a new deep water discovery in the Gulf of Mexico.
The Vicksburg ?A? well, 75 miles offshore, found 152 metres of net oil pay in the well, which was drilled to a depth of just over 8,000 metres.
Initial estimates put the size of the discovery at 100mln barrels, and it opens up the potential for a further 500mln recoverable barrels.
Sefton Resources () says confirmation that the Mississippi Lime play extends into north eastern Kansas could have favourable implications for its current area of exploration.
?The confirmation of Mississippian Lime in North East Kansas is expected to have a significant impact on our Kansas operations," said chairman Jim Ellerton.
Kazakhstan focused oil junior () told investors it has successfully drilled a development well on the Zhana Makat field.
The ZMA-E3 well was drilled to a depth of 903 and it found hydrocarbons in Jurassic sandstone reservoirs, as expected.
Kazakhstan focused oil junior () has encountered three 'intervals of interest' in the latest well on its flagship BNG asset.
Well 143 has been drilled to a depth of 2,750 metres and wire-line logs have now been run, it said.
() revealed that the Nervesa appraisal well is poised just above its first reservoir target. It is now about 210 metres from the appraisal well?s first objective, Sound said.
Moving on to production news, () has seen production rise sharply at its newly acquired Oklahoma Energy project (OKE) following a workover programme.
Output has risen by 150% to 37 barrels daily from 12 barrels of oil per day (bopd) at acquisition, with a second stage of the workover programme underway to boost production at OKE to 50 bopd by year end.
(, TSE:CAZ) described the flow rates from its first horizontal well targeting the Bone Spring interval as a ?good result?.
The well, Unit 32 #2H, on the Lennox Prospect in New Mexico, flowed at a stabilised rate of 390 barrels of oil equivalent. The majority of this ? 334 barrels ? was oil. The company has a 31.08% net revenue interest in the well.
Ukraine focused oil and gas firm () revealed that production averaged 1,525 barrels of oil equivalent per day in the first six months of the year.orioles Sarah Jones chicago marathon Johnny Depp Dead college football rankings Steel Magnolias Niels Bohr
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