StockMarketWire.com - BHP Billiton (BLT) has provided further information on last week's incident at the Samarco Mineração (Samarco) iron ore operation in Minas Gerais, Brazil.

Each of BHP Billiton and Vale holds a 50 percent interest in Samarco. Samarco has advised that, at this stage, there are nine fatalities. It has also advised that four people previously unaccounted for have been found and 19 people remain unaccounted for.

BHP Billiton's immediate priority is the welfare of the Samarco workforce and the community. The local authorities have advised that, through the emergency response, 637 people have been evacuated and temporary accommodation has been provided. Samarco and the authorities are providing water and food aid to affected communities.

Together BHP Billiton and Vale have pledged to support Samarco in establishing an emergency fund for community support and rebuilding works. It is their intention to work with the authorities to ensure that this fund is functioning as soon as practicable.

Samarco employees have been put on paid leave and options are being considered by Samarco for managing the workforce longer term.

Meetings are taking place with lead insurers in Brazil this week.

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NU-Oil and Gas (NUOG) has raised GBP0.44m via the issue of 124.3m new shares to institutional investors at a price of 0.35p each.

Net proceeds would be used primarily to implement the Company's stranded and marginal field strategy and to facilitate the acquisition of projects.

The Company is in discussions which it is hoped will lead to one or more projects being secured in the short term.

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Enteq Upstream (NTX) has narrowed its H1 pretax loss to USD1.3m, from a loss of USD2.2m. Revenue was USD3.0m, from USD13.6m. In issuing these results it cited the oil industry's downturn.

Chairman Neil Warner commented:

"Enteq's reported results mirror recent announcements from other major oil-field service companies. As expected, Enteq's revenues and profits have suffered due to the scale of the industry down-turn.

"In addition to the decisive internal cost reduction programme reported in our March 2015 full year results, further reductions have been made during H1 2015/16.

As a result, we have improved our cash balance since March 2015 and now operate at close to a break-even adjusted EBITDA level.

"The Group continues to explore opportunities to expand market share outside North America and to maintain a strong technology offering."

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Oilex (OEX) has confirmed that the trading halt in the shares of the Company on the ASX ended this morning as a result of yesterday's announcement entitled "Funding - Zeta Deferred Settlement Update and Legal Proceedings".

The Company has also confirmed receipt of formal proceedings and will be considering this in conjunction with external legal counsel.

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Bankers Petroleum (BNK) has announced the appointment of Kristofer Gustafsson to the position of Vice President, Production and Operations and Deputy General Director of Bankers Petroleum Albania.

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At 4:09pm:

[LON:AUR] Aurum Mining PLC share price was +0.01p at 0.93p

[LON:BOR] Borders Southern Petroleum PLC share price was -0.04p at 1.95p

[LON:CHAR] Chariot Oil Gas Ltd share price was +0.27p at 6.42p

[LON:ENQ] EnQuest Plc share price was -1.12p at 23.88p

[LON:FOGL] Falkland Oil Gas Ltd share price was -0.12p at 10.13p

[LON:GKP] Gulf Keystone Petroleum share price was +0.88p at 27.38p

[LON:GPX] Gulfsands Petroleum PLC share price was 0p at 4p

[LON:INDI] Indus Gas Ltd share price was -2.88p at 115.5p

[LON:PET] Petrel Resources PLC share price was +0.01p at 3.63p

[LON:RKH] Rockhopper Exploration PLC share price was -0.37p at 36.63p

[LON:RPT] Regal Petroleum PLC share price was +0.01p at 3.88p

[LON:XEL] Xcite Energy Ltd share price was -0.5p at 19.75p



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