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Stock Market & Financial Investment News

News Breaks
February 11, 2014
04:55 EDTNBL, NBL, MCF, MCF, TRCH, TRCH, MILL, MILL, FTK, FTK, SAE, SAE, USEG, USEG, PDCE, PDCE, AXAS, AXAS, PHX, PHX, SSN, SSNIndependent Petroleum Association of America to hold a conference
OGIS Florida & IPAA Strategic Planning Conference is being held in Fort Lauderdale, FL on February 10-12.
News For NBL;PHX;AXAS;PDCE;USEG;SAE;FTK;MILL;TRCH;MCF;SSN From The Last 14 Days
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September 30, 2014
05:08 EDTSSNSamson Oil & Gas provides operational update
Samson Oil & Gas reports the Ironbank 4-14-13TFH has completed drilling the lateral and has set and cemented the production liner in the Three Forks Formation bench 1. Rig time on this well totaled 20.75 days which compares favorably with the prior 5 TF1 wells which averaged 21.75 days spud to rig release. The Frontier 24 rig is currently being skidded to the Ironbank 5-14-13H location. The Bootleg 4 and 5 wells continue to flow at rates exceeding 500 BOPD. The Gladys 1-20H well has been drilled by Continental Resources to a total depth of 19,994 feet. The well is a 1,280 acre lateral in the middle member of the Bakken Formation. As expected the water cut from this well is decreasing and has shown a trend that started in the 80% range and is now around 60%. Samson has contracted True Drilling Rig #26, which is expected to be mobilized to the Bluff 1-11 well on or around October 9th. The forward plan for this well will be to drill out a temporary plug and set a liner across the Permian 9,500 sand which will then enable a flow test to be undertaken. This test is aimed at establishing a flow rate and enable a detailed gas analysis to be undertaken. The test will also include a shut-in period which can be used to establish whether a gas-oil contact exist below the current intersection.
September 29, 2014
12:11 EDTAXASAbraxas Petroleum still sees Q3 production 6,900-7,000 boepd
In terms of the company's business plan for FY14 and beyond, Abraxas plans to have a "properly" capitalized balance sheet, maintain clean capital structure, and target leverage under 1.0x FTM EBITDA. Says plans to utilize proven operating/engineering competency to drive down costs and enhance well performance. Says looking to have a better match of cash flow to CapEx and subsequent returns. Says targeting to have $190M in CapEx for FY14 and $56M in Q3. Says expecting FY14 production 5,800-6,000 boepd. Sees Q3 and FY14 production tax 8.5%-9%. Says exploring swap opportunities in the Powder River Basin in FY14. Says expecting no capital budgeted for FY14 in Canada and Raven Drilling. Comments taken from slides from the company's corporate update presentation.
September 23, 2014
05:08 EDTSSNSamson Oil & Gas provides operational update
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September 22, 2014
10:36 EDTMILLHigh option volume stocks:
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07:27 EDTSSN, AXASIndependent Petroleum Association of America to hold a conference
IPAA OGIS San Francisco on September 22-24.
September 19, 2014
10:28 EDTPDCEPDC Energy settlement removes legal overhang, says Wells Fargo
Wells Fargo says PDC Energy's class action settlement removes a legal overhang and ongoing expenses. Wells believes the $11.5M settlement came in largely below expectations. It keeps an Outperform rating on the stock.
10:14 EDTMILLMiller Energy shares 'practically worthless,' TheStreetSweeper says
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10:11 EDTMILLMiller Energy mentioned cautiously by TheStreetSweeper
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09:02 EDTPDCEPDC Energy agrees to settle settle securities class action
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September 17, 2014
07:35 EDTAXAS, MILLImperial Capital to hold a conference
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September 16, 2014
08:38 EDTUSEGU.S. Energy announces retirement of COO
U.S. Energy announced that the company's president and COO Mark J. Larsen has notified the board that he will retire from his positions as president and COO effective December 31. Larsen has been employed by the company since June 1984 and he was appointed as its president and COO in August 2005. Larsen will remain in an advisory role during 2015 to oversee the advancement of the Mount Emmons molybdenum project. Larsen will continue to be a member of the board through his current term which expires in June 2016.
05:17 EDTSSNSamson Oil & Gas provides operational advisory
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