StockMarketWire.com - Baron Oil (BOIL) has reported that it has begun its topography work in the area around the Minchales well location in the south of Block XXI, onshore Peru.

The company's work timetable has been slightly delayed in obtaining local approvals and also seismic equipment being held up with the Peruvian customs.

The majority of the seismic equipment has now been released by Peruvian customs and the company expects the remainder to be released in the next two to three days, which will allow the seismic acquisition programme to start next week.

***

Lamprell (LAM), a leading provider of fabrication, engineering and contracting services to the energy industry, has reported that it continues to deliver strong operational performance across all of its facilities.

It says all current projects are progressing well and Lamprell's yards are seeing high levels of activity. In the last few weeks the company completed the load out of the first pipe racks for the UZ750 project, which will be installed in Abu Dhabi, with other phased deliveries to be made in the coming months.

It has announced that it remains on track to deliver 2015 results in line with previous guidance.

James Moffat, chief executive officer, Lamprell, said: "While Lamprell isn't immune to on-going headwinds in the oil & gas markets, we are pleased to see that our early implementation of the efficiency measures under Project Evolution has positioned the Group to be competitive, which will be key for our future success.

"These actions have allowed us to retain and even build our project workforce, improve our efficiency levels to maintain operational performance, and remain commercially competitive in an environment of increased pricing pressure. From this position of relative strength, we remain positive about Lamprell's longer term prospects as the pipeline is strong with a firm focus on conversion."

***

At 4:00pm:

[LON:AUR] Aurum Mining PLC share price was +0.01p at 0.73p

[LON:BOIL] Baron Oil share price was -0.02p at 0.38p

[LON:BOR] Borders Southern Petroleum PLC share price was +0.06p at 1.88p

[LON:CHAR] Chariot Oil Gas Ltd share price was -0.2p at 5.9p

[LON:ENQ] EnQuest Plc share price was -0.12p at 23.13p

[LON:FOGL] Falkland Oil Gas Ltd share price was -0.02p at 9.65p

[LON:GKP] Gulf Keystone Petroleum share price was -0.87p at 22.13p

[LON:GPX] Gulfsands Petroleum PLC share price was 0p at 3.75p

[LON:INDI] Indus Gas Ltd share price was -0.12p at 118.38p

[LON:LAM] Lamprell PLC share price was +1.38p at 108.63p

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

[LON:RKH] Rockhopper Exploration PLC share price was -0.25p at 34.5p

[LON:RPT] Regal Petroleum PLC share price was +0.02p at 3.81p

[LON:XEL] Xcite Energy Ltd share price was +0.25p at 18.75p



Story provided by StockMarketWire.com