StockMarketWire.com - Aminex [LON:AEX] and Solo Oil's [LON:SOLO] shares were up in late trading after first gas production from the Kiliwani North gas field in Tanzania.

The Kiliwani North development licence containing the Kiliwani North-1 well is operated by Aminex. Solo currently owns a 6.175% working interest in the KNDL, which is set to rise in increments to 10% as announced on 4 April.

Initial production commenced from the Kiliwani North-1 well on 4 April. KN-1 is tied into the regional pipeline infrastructure and will deliver gas to the new adjacent Songo Songo processing plant, ultimately serving the local power market.

Production is expected to build up to an anticipated production rate of 25-30 mmcfd (approximately 4-5,000 barrels of oil equivalent per day gross) over the next 90-100 days.

All gas produced during the build-up to full production rates will be paid for under the terms of a recently signed Gas Sales Agreement signed with the sole buyer, Tanzania Petroleum Development Corporation. Aminex will receive US$3.00 per mmbtu (approximately US$3.07 per mcf) with expected net cash revenues of US$10-15 million per annum.

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Ascent [LON:AST] and its partners in Slovenia have released a tender for a metering and monitoring station in anticipation of a positive outcome of the IPPC permit application.

Ascent reported in February that its partners in Slovenia had been informed that the court would begin its review of Ascent's case during March and the company was optimistic that a decision could be made before the end of Q2 2016.

The company understands that the court has begun its review as planned.

An update says: "In anticipation of a positive outcome, the Company and its partners in Slovenia have released the tender for a metering and monitoring station. This will be installed at the entry point to the national grid and will measure the quantity and quality of gas produced from the Petiaovci field."

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Northern Petroleum [LON:NOP] has provided an update regarding production and development activities in north west Alberta, Canada.

HIGHLIGHTS:

- net oil production in March was 432 barrels of oil per day which equates to sales for the month of approximately 13,400 barrels;

- three additional wells to come on-stream in April following completion of workover programme;

- 9-25 battery waiting regulatory approval before start-up which will initially add another three producing wells;

- near term production will support the return of the US$1.4 million abandonment deposit paid to the Alberta Energy Regulator in January and now forecast to be returned in three monthly payments starting in June; and

- following the completion of the winter programme a summer work programme will be developed for August and September, to achieve further production enhancements and operating cost synergies.

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LGO Energy's [LON:LGO] subsidiary Goudron E&P has mobilised a second workover rig to the Goudron field in Trinidad.

The Altech-1 rig will be working alongside the existing rig, Altech-2, to deliver an accelerated well maintenance programme and various well recompletions, starting with the Goudron Sandstone in well GY-50. LGO is also considering mobilising the company-owned workover rig, Columbus-1, to the field to provide further capacity over the next few months.

LGO chief executive Neil Ritson said: "As a response to the recently announced reduction in over-riding royalties on Goudron oil and to a firmer oil price, work has begun on accelerating the restoration of production levels at Goudron. This increased activity has seen us require additional rig capacity and I am delighted that we can now report that we have a second rig back in the field."

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Exillon Energy's [LON:EXI] output averaged 14,968 barrels per day in March. Average daily production for Exillon Timan-Pechora was 3,218 bpd, and for Exillon West Siberia it was 11,750 bpd during the period. Peak daily production was 15,512 bpd during the period.

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PetroNeft Resources [LON:PTR] said it has received a response from Natlata Partners Ltd and, based on this, the restriction notice issued to that company on April 1 has been cancelled and will not come into effect following the expiry of a 14-day period.

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Tullow Oil [LON:TLW] said the Wisting Central II long reach horizontal well (7324/7-3S) has successfully explored and appraised the Wisting South & Wisting West segments of the field including a production test in the St� formation.

The well was drilled approximately 5 kilometres south-west of the Wisting discovery well in the Barents Sea.

Results of drilling, wireline logs and samples of reservoir fluids show that the well has encountered an oil column of 22 metres in a 1,402 metres horizontal section with 1,250 metres of net light oil pay.

The main reservoir encountered was thicker than expected pre-drill. A constrained production test was carried out in the St� Formation with a flow rate of approximately 5,000 boepd which demonstrated excellent reservoir properties.

The well results are expected to provide an increase of in-place volumes in the Central South and Central West segments and further reduce the overall uncertainty of resources in PL537.

The well was drilled by the semi submersible drilling rig Transocean Spitsbergen. The well was drilled to respective vertical and measured depths of 673 and 2,314 metres in a water depth of 402 metres.

The Wisting Central Complex is located in PL537 in which Tullow has a 20% interest. OMV Norge are the operator with a 25% interest whilst Idemitsu (20%), Statoil (15%) and Petoro (20%) are also partners.

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Caza Oil & Gas [LON:CAZA] has issued an update on the proposal by Talara Opportunities V to take the company private announced on 4 April.

Caza says that it if the proposal is approved at a meeting on 29 April, the company anticipates completing the consolidation on or after 10 May after the cancellation has been effected.

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Tower Resources [LON:TRP] has confirmed that all resolutions proposed at its annual general meeting today were passed and that Peter Blakey, as previously announced, stepped down from the board following the meeting.











At 3:50pm:

[LON:AEX] Aminex PLC share price was +0.2p at 1.43p

[LON:AST] Ascent Resources PLC share price was +0.28p at 1.8p

[LON:AUR] Aurum Mining PLC share price was 0p at 0.95p

[LON:BOR] Borders Southern Petroleum PLC share price was -0.07p at 1.43p

[LON:CHAR] Chariot Oil Gas Ltd share price was +0.59p at 8.46p

[LON:ENQ] EnQuest Plc share price was +0.38p at 24.13p

[LON:GKP] Gulf Keystone Petroleum share price was +0.15p at 6.85p

[LON:GPX] Gulfsands Petroleum PLC share price was 0p at 7.38p

[LON:INDI] Indus Gas Ltd share price was +3.88p at 125.38p

[LON:LGO] LGO Energy PLC share price was +0.02p at 0.28p

[LON:NOP] Northern Petroleum PLC share price was +0.38p at 2.63p

[LON:PET] Petrel Resources PLC share price was 0p at 3.75p

[LON:RKH] Rockhopper Exploration PLC share price was -0.62p at 27.88p

[LON:RPT] Regal Petroleum PLC share price was -0.01p at 2.32p

[LON:SOLO] Solo Oil PLC share price was +0.07p at 0.36p

[LON:XEL] Xcite Energy Ltd share price was -0.38p at 12.75p



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