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Stock Market & Financial Investment News

News Breaks
March 4, 2014
05:34 EDTMROMarathon Oil to acquires 50% interest in Rift Basin Area in Ethiopia
Africa Oil announced that it has received Ethiopian government approval for Marathon Oil, through its wholly-owned subsidiary Marathon Ethiopia Limited B.V., will acquire a 50% interest in the Rift Basin Area. Under the terms of the Marathon Oil farmout agreement, Marathon Oil will acquire a 50% interest in the Rift Basin Area in Ethiopia. Africa Oil will maintain operatorship of the block, but Marathon Oil has the right to assume operatorship if a commercial discovery is made. In consideration for the assignment of this interest, Marathon Oil will pay Africa Oil an entry payment of $3M in respect of past costs, and has agreed to fund $15M of Africa Oil's working interest share of joint venture expenditures in the Rift Basin Area. Africa Oil and Marathon Oil are pleased to complete the final tranche of the farmout transaction originally announced in July 2012. Completion of this transaction is anticipated in March 2014. Following completion, Africa Oil and Marathon Oil will each hold a 50% working interest in the Rift Basin Area.
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September 17, 2014
07:40 EDTMROUBS to hold a conference
Houston Energy Bus-less Tour is being held in Houston on September 17-19 with webcasted company presentations to begin on September 17 at 8:30 am; not all company presentations may be webcasted. Webcast Link
September 15, 2014
07:23 EDTMROHart Energy to hold a conference
2014 DUG Eagle Ford Conference to be held in San Antonio, California on September 15-17.
September 9, 2014
10:10 EDTMROOn the Fly: Analyst Upgrade Summary
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09:08 EDTMROMarathon Oil upgraded to Buy from Accumulate at Tudor Pickering

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