Summary of Murphy Oil (MUR) 2025 Conference Call Company Overview - **Company**: Murphy Oil Corporation (MUR) - **CEO**: Eric Hambly, who has been with the company for approximately 20 years and took over as CEO in January 2025 [2][3] Key Industry Insights - **Exploration and Development**: Murphy Oil has a strong focus on both onshore and offshore operations, with significant international exploration capabilities. The company has a large inventory of shale locations and is actively pursuing exploration and appraisal programs, particularly in Vietnam [4][5] - **Vietnam Projects**: The company announced a world-class discovery in Vietnam shortly after Hambly became CEO, indicating a promising future in the region [2][5] Financial Highlights - **Capital Expenditure**: For 2025, Murphy Oil has earmarked a capital budget of approximately $1.2 billion, with 85% allocated for development activities. The company aims to maintain a capital program between $1.1 billion and $1.3 billion in typical years [10][11] - **Oil Price Sensitivity**: The company can comfortably cover its dividend and capital program with oil prices in the $60 range. However, if prices fall to $55 per barrel for an extended period, adjustments to the capital program may be necessary to protect the balance sheet [10][11] Operational Updates - **Gulf of America**: Murphy Oil is actively working on several wells in the Gulf of America, including new development wells and workovers. The company plans to drill two exploration wells in the third quarter of 2025 [14][15] - **St. Malo Waterflood Project**: The project is expected to contribute to production levels over time, with water injection already underway [17][18] - **Chinook Field**: The company purchased an FPSO for over $100 million, which will enhance the economics of the Chinook development project. A new development well is planned for 2026, with potential production rates of up to 15,000 barrels per day [26][28] Exploration Opportunities - **Hai Su Long Discovery**: The discovery well flowed at 10,000 barrels per day, with an estimated resource of 170 million barrels of oil equivalent. An appraisal well is planned to further assess the structure [46][48] - **Pink Camel Field**: Estimated resources of 30 million to 60 million barrels of oil equivalent, with plans for development tied back to existing infrastructure [51][53] - **Cote D'Ivoire Exploration**: Murphy Oil plans to start a three-well drilling program in Cote D'Ivoire, targeting significant resource potential with a mean estimate of over 400 million barrels [58][60] Cost Management - **Cost Structure**: The company has already streamlined its cost structure significantly since 2020, reducing general and administrative expenses from $243 million in 2019 to approximately $110 million in recent years [7][8] - **Offshore Costs**: While some costs are stable, there are increases in tubular goods and major subsea projects, with cost increases of 30% to 50% noted for subsea projects compared to previous years [36][38] Strategic Outlook - **Long-term Vision**: Murphy Oil aims to differentiate itself from peers through its exploration capabilities and strategic investments in high-potential regions like Vietnam and Cote D'Ivoire. The company is optimistic about its future growth and exploration success [4][5][62] Conclusion - **Overall Sentiment**: The company is confident in its operational performance and strategic direction, with a focus on maintaining a strong balance sheet while pursuing growth opportunities in both existing and new markets [71]

VANCOUVER, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce that it has entered into an amending agreement (the "Amended Agreement") to complete acquisition of 100% of the Cerro Bayo and La Flora Properties ("Cerro Bayo"), located in Santa Cruz Province, Argentina. This follows the receipt of drill permits earlier this year, positioning Cerro Bayo as a fully permitted, drill-ready silver-gold explorati ...

Lodestar Metals Closes Option Agreement to Acquire Gold Run Property and Strengthens Leadership Team June 25, 2025 8:00 AM EDT | Source: Lodestar Metals Corp. Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - Lodestar Metals Corp. ("Lodestar" or the "Company") (TSXV: LSTR) (OTC: SVTNF) is pleased to announce it has officially closed the acquisition of the Gold Run Property ("Gold Run"), a highly prospective gold project located in Humboldt County, Nevada. This milestone follows the execution o ...

Core Viewpoint - Dixie Gold Inc. has commenced a summer 2025 drill program at the Preston Uranium Project JV, with a budget of approximately C$3,500,000, targeting multiple high-priority uranium sites [1][5][3] Group 1: Project Update - The drill program at the Preston Uranium Project JV is being managed by Orano Canada Inc. and is expected to cover 6,000m to 7,000m [1] - Dixie Gold holds a 21% interest in the Preston Uranium Project JV, which is anticipated to decline after the drill program [3] - The project area spans approximately 49,635 hectares, adjacent to NexGen Energy Ltd.'s Rook-1 project [1] Group 2: Financial Considerations - The planned all-in budget for the drill program is approximately C$3,500,000 [1] - The company aims to manage project-level dilution rather than company-level equity dilution to maintain shareholder value [3][9] - Future funding requirements are expected to exceed the company's current working capital, necessitating a reassessment of its interests in the Preston Uranium Project JV [5][9] Group 3: Exploration Strategy - Dixie Gold is focused on maintaining a portfolio of exploration interests that provide opportunities for shareholders [7] - The company is monitoring other regional activities, including results from Ramp Metals Inc. and Kinross Gold Corporation, which may influence future project decisions [10][14] - The management emphasizes a balanced approach to exploration and equity dilution, considering the high-risk nature of early-stage mineral exploration [20]

RT NASA (@NASA)A little bit more of humanity is in space today. 🇺🇸🇮🇳🇵🇱🇭🇺The four-member crew of #Ax4 includes astronauts from @ESA and @ISRO. @Axiom_Space's fourth private astronaut mission is set to arrive at the @Space_Station on Thursday, June 26: https://t.co/fnGkb4d64E https://t.co/liUkioCr25 ...

Raúl Tovar toma el escenario de las TEDx Anáhuac University organizadas por Vértice, el Programa de Excelencia Anáhuac y nos habla sobre simulaciones espaciales para entrenar astronautas, proyectos mexicanos innovadores y cómo empresas como SpaceX hacen posible la exploración de Marte. También subraya la importancia de cuidar la Tierra, nuestro único hogar con vida. Científico, Piloto y Empresario. Piloto mexicano, científico, astronauta analógico y orador de TEDx con más de 200 horas de vuelo. Ganador del ...

VANCOUVER, British Columbia, June 24, 2025 (GLOBE NEWSWIRE) -- Miata Metals Corp. (CSE: MMET) (FSE: 8NQ) (OTCQB:MMETF) (“Miata” or the “Company”) is pleased to announce that it has begun its planned drill test of the Puma Target. This follows the successful completion of the latest five holes drilled at the Golden Hand Target, for which assays are pending (see Miata news release dated June 19, 2025). Featuring a high-quality data set that showcases evidence of a potentially rich gold system, the Puma Targe ...

Highlights The 2025 Summer Drill Program is underway with a focus on infill drilling of the main mineralized zone.The program commenced with the continuation of hole CS-25-036 which, as reported on June 10, 2025 encountered nine (9) separate intervals, the widest being 64.3 m at 1.34% Li2O before being stopped at a depth of 315.3 m.Follow-up drilling on Hole 36 has intercepted three (3) additional spodumene intervals, with the widest continuous interval being 151.0 metres, along with intervals of 64.3 m and ...

TORONTO, June 24, 2025 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V: LAB | OTCQB: NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce the appointment of Ryan Weston as Vice President Exploration of the Company. Ryan brings over 20 years of global experience in base and precious metals exploration to the Company. He played key roles in the successful sale of Carlisle Goldfields to Alamos Gold for CAD $28 million in 2016, and of Noront Resources to Wyloo Metals for CAD $686 million in 2022 ...

Ken Lapierre, President and Chief Executive Officer, commented, "We are delighted to kick-start the summer field season at Gold Anchor. The program will include detailed till sampling, prospecting, geological and geophysical work at its Lane Pond Gold Target and other high-priority gold targets in the vicinity. At Lane Pond, significant gold values have been found in recent and historical sampling in an area 6,000 metres long and located proximal to the Appleton Fault. The Appleton Fault is the most prolifi ...