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Stock Market & Financial Investment News

News Breaks
March 5, 2014
10:37 EDTEGY, MPO, EPM, SFYMidstates Petroleum rises after earnings delayed for 'positive' developments
Shares of Midstates Petroleum (MPO) are increasing after the company rescheduled its fourth quarter earnings release, citing positive developments in its discussions with its banks. WHAT'S NEW: Midstates Petroleum announced last night that the company has rescheduled its fourth quarter earnings release to Tuesday, March 11 after the close of trading from Tuesday, March 4. Midstates noted that, as previously disclosed, the company is pursuing "a number of different options to streamline its portfolio," including sales of assets, joint ventures, and other possible farm-out arrangements. The company said it is in discussions with its commercial banking group to modify its debt structure to facilitate implementing such actions and Midstates added that it will discuss these "positive developments" during its rescheduled conference call. The actions currently in progress do not include additional equity or long-term debt issuance, Midstates noted. PRICE ACTION: During mid-morning trading, shares of Midstates Petroleum rose 49c, or 10.77%, to $5.04. OTHERS TO WATCH: Oil and gas exploration and production companies with market capitalization similar to Midstates Petroleum include Evolution Petroleum (EPM), Swift Energy (SFY), and VAALCO Energy (EGY).
News For MPO;EPM;SFY;EGY From The Last 14 Days
Check below for free stories on MPO;EPM;SFY;EGY the last two weeks.
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August 29, 2014
12:19 EDTEGYVAALCO Energy provides update on offshore Gabon operations
Production from the Etame Marin block has resumed after the successful completion of previously announced maintenance work on the company's leased Floating, Production, Storage and Offloading vessel. Work was performed to upgrade the fire and gas detection systems on the FPSO and other routine maintenance work was completed on-time and without any safety or environmental issues. To facilitate this work, production from the block was shut-in beginning on August 23 and restarted on August 29. Production is expected to increase to pre-shut-in production rates over the next few days as well operations are stabilized. The platform jackets for both of the two new production platforms for the additional development of the Etame Marin block are now in place with this week's setting of the second platform jacket adjacent to the Southeast Etame and North Tchibala fields. Leg piles for the Southeast Etame/North Tchibala platform are currently being installed to secure the jacket to the seabed. The two new production platforms are each located in approximately 80 meters of water. The deck sections of both platforms are currently being towed to Gabon with arrival expected in early September. The deck sections are currently located off the coast of Brazil, approximately 2,000 nautical miles west of their final destination in the offshore waters of Gabon. The deck sections are expected to be mated with the jacket sections later in September and the drilling of the first development well from the new Etame field platform is scheduled to commence in mid-October, subject to platform readiness and the arrival of the contracted Transocean "Constellation II" jack-up rig.
August 19, 2014
15:54 EDTMPOEnerCom to hold a conference
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07:18 EDTEPMEnerCom to hold a conference
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August 18, 2014
07:54 EDTEGYEnerCom to hold a conference
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