StockMarketWire.com - Prospex Oil & Gas (PXOG) told shareholders at its annual meeting that had it made 'excellent progress' and wanted to invest in high impact onshore and shallow offshore European opportunities with short timelines to production, following an equity raise of £1.6 million in May 2016.

It has a 49% interest in Hutton Poland which it claimed was on track to drill a first fully funded well in the fourth quarter this year.

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Independent Oil & Gas (IOG) said drilling of the 100%-owned appraisal well on the Skipper licence would start on 22 July.

The well is expected to take 22 days to drill with initial results mid-August.

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Trinity (TRIN) said it was in detailed stage discussions with a number of interested parties in relation to a formal sales process.

The board believes the opportunities available represent the best approach for Trinity and its stakeholders. However, the company said there can be no certainty that any offer or other transaction would result from these discussions.

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Nostra Terra (NTOG) raised gross proceeds of £250,000 via the placing of more than 12 million new shares at 2p per share.

The company said the money would allow it to seek additional acquisition opportunities.

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Gulf Keystone Petroleum (GKP) outlined the detail of a balance-sheet restructuring transaction, and separately appointed director Keith Lough as non-executive chairman to replace the retiring Andrew Simon.

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Victoria Oil & Gas (VOG) appointed Roger Kennedy as a non-executive director of the company with immediate effect.


At 2:54pm:

[LON:AUR] Aurum Mining PLC share price was 0p at 1p

[LON:BOR] Borders Southern Petroleum PLC share price was -0.05p at 1.83p

[LON:CHAR] Chariot Oil Gas Ltd share price was +0.38p at 6.38p

[LON:ENQ] EnQuest Plc share price was +0.13p at 30.13p

[LON:GKP] Gulf Keystone Petroleum share price was -1.51p at 3.19p

[LON:GPX] Gulfsands Petroleum PLC share price was 0p at 3.13p

[LON:INDI] Indus Gas Ltd share price was +5.13p at 227.63p

[LON:IOG] Independent Oil Gas PLC share price was +0.38p at 15.75p

[LON:NTOG] Nostra Terra Oil Gas Company PLC share price was -0.5p at 1.88p

[LON:PET] Petrel Resources PLC share price was +0.01p at 6.88p

[LON:PXOG] Prospex Oil Gas share price was +0.09p at 1.2p

[LON:RKH] Rockhopper Exploration PLC share price was 0p at 32.75p

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

[LON:XEL] Xcite Energy Ltd share price was -0.25p at 7.38p



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