StockMarketWire.com - Aminex [LON:AEX] was the sector's biggest riser after it received first payment in relation to gas produced from the Kiliwani North-1 well in Tanzania and supplied to the Tanzania Petroleum Development Corporation.

Gas produced was paid in US dollars and in accordance with the company's gas sales agreement with TPDC. Scheduled future payments will be in accordance with the agreed GSA. The company continues to work with TPDC during the current commissioning period to achieve an optimal rate and during this phase is being paid for all gas produced.

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Empyrean Energy [LON:EME] will hold its annual general meeting at The Royal Institution of Great Britain, 21 Albemarle Street, London W1S 4BS, on 13 September at 10.00 a.m.

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Hydrodec's [LON:HYR] Australian operation has been awarded a five-year contract for the supply of inhibited transformer and switchgear oil by Essential Energy, a major Australian utility.

The contract includes the collection and re-refining of all generated PCB and non-PCB waste oils and is expected to generate over 1 million litres of new transformer oil sales over the life of the contract.

The contract was awarded under a competitive tender process, with the Company successfully competing against a range of new oil suppliers. Under this contract, Hydrodec will become the sole supplier of new inhibited transformer and switchgear oil to Essential Energy. The company expects to start supplying oil under the new contract from September 2016.

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Nostra Terra Oil and Gas [LON:NTOG] confirms the $2.1m sale of a Chisholm Trail interest to Staghorn Petroleum LLC has completed successfully.

Nostra Terra would deploy net proceeds to accelerate its growth plans and for general working capital purposes.

It continued to evaluate a number of opportunities across different geographic regions, particularly North America and Egypt.

OPERATIONS REPORTING

As part of Nostra Terra's cost-cutting initiative and wider rationalisation of the business, directors have decided to extend the suspension of quarterly operations reports.

"The previous quarterly reporting policy was at the Board's discretion and is not required pursuant to the AIM Rules," Nostra Terra said in a statement.

"The Board feel that management time is better directed towards evaluating and securing new assets for Nostra Terra, as it continues to implement its growth strategy and deliver shareholder value over the medium term.

"The Company will continue to report on operations and accounts in the Annual and Interims per standard reporting requirements."

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Premier Oil [LON:PMO] posts a profit after tax of US$167.1 million for the six months to the end of June, including E.On negative goodwill credit of US$106.9 million (2015 H1: loss of US$375.2 million).

Operating cash flow was US$108.7 million (2015 H1: US$513.0 million) and H1 operating costs of US$16.5/boe were 14 per cent below budget Premier said the weaker sterling exchange rate positively impacted forward opex, capex and debt.

Production averaged 61.0 kboepd (2015 H1: 60.4 kboepd) with recent record production rates above 95 kboepd.

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Royal Dutch Shell [LON:RDSA] said the Q2 reference share price at $0.47 per A ordinary share (A Share) and B ordinary share (B Share), and $0.94 per American Depository Share (ADS).

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Solo Oil [LON:SOLO] has been informed by Aminex, operator of the Kiliwani North Field, that payment has now been received for its first invoice in relation to gas produced from the Kiliwani North-1 well in Tanzania during April and May and supplied to the Tanzania Petroleum Development Corporation (TPDC).

Payment was made in US dollars and in accordance with the company's Gas Sales Agreement (GSA) with TPDC.

The Company continues to work with TPDC during the current testing period to achieve an optimal rate and during this phase is being paid for all gas produced.

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Tullow Oil [LON:TLW] says first oil has flowed from the Tweneboa, Enyenra, Ntomme (TEN) fields offshore Ghana, to the FPSO Prof. John Evans Atta Mills.

First oil has been reached on time and on budget three years after the plan of development was approved by the government of Ghana in May 2013.

The TEN start-up process is now well advanced and Tullow expects oil production to ramp-up gradually towards the FPSO capacity of 80,000 bopd through the remainder of 2016.

Tullow estimates that TEN average annualised production in 2016 will be approximately 23,000 bopd gross (net: 11,000 bopd).

Tullow is the operator of the TEN fields and holds a 47.175% stake. Tullow's joint venture partners are Anadarko Petroleum Corporation (17%), Kosmos Energy (17%), Ghana National Petroleum Corporation (15%) and PetroSA (3.875%).






At 4:10pm:

[LON:AEX] Aminex PLC share price was +0.3p at 1.83p

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

[LON:BOR] Borders Southern Petroleum PLC share price was +0.01p at 1.63p

[LON:CHAR] Chariot Oil Gas Ltd share price was +0.11p at 5.82p

[LON:EME] Empyrean Energy PLC share price was +0.38p at 8.13p

[LON:ENQ] EnQuest Plc share price was +1.13p at 30.63p

[LON:GKP] Gulf Keystone Petroleum share price was 0p at 5.17p

[LON:GPX] Gulfsands Petroleum PLC share price was +0.01p at 3.13p

[LON:HYR] Hydrodec Group PLC share price was +0.38p at 3.63p

[LON:INDI] Indus Gas Ltd share price was +20p at 402.5p

[LON:NTOG] Nostra Terra Oil Gas Company PLC share price was -0.15p at 1.6p

[LON:PET] Petrel Resources PLC share price was -0.13p at 6.25p

[LON:PMO] Premier Oil PLC share price was +1.75p at 78.25p

[LON:RKH] Rockhopper Exploration PLC share price was +0.88p at 32.88p

[LON:RPT] Regal Petroleum PLC share price was 0p at 3p

[LON:XEL] Xcite Energy Ltd share price was -0.44p at 8.67p



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