Lawmakers in France's senate on Thursday voted for a bill proposing to allow oil and gas exploration in overseas territories. ...

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Latin American oil and gas explorer GeoPark has renewed its offtake and prepayment agreement with Vitol to supply all its crude oil production from Colombia’s Llanos basin. Originally established in May 2024, the agreement involved the sale and delivery of a minimum of 20,000 barrels of oil per day (bopd) from the Llanos 34 block. The extension is currently set to expire on 31 December 2028. It covers production from the Llanos 34 block, where GeoPark holds a 45% working interest, as well as the Llanos ...

The discovery was made in "The discovery has been made in reservoirs, below the main gas field, within the "Cairn is carrying out evaluations to assess the potential for the field development plan of the block." The Ambe block, spread across 728.19 square kilometers, was awarded to Cairn under the Live Events Cairn, under this previous parent Cairn Energy Plc of the UK, had originally made the Ambe discovery of the Cambay basin block CB/OS2 nearly two decades back. A part of that area was bid out in DSF ...

Core Viewpoint - The proposed Valhalla Gas Exploration and Appraisal Program in Western Australia is facing opposition from conservation groups, despite a recommendation for approval from the Environmental Protection Authority, as stakeholders anticipate significant future development in the region [1][4]. Group 1: Project Details - The Valhalla project could involve Bennett Resources, a subsidiary of Black Mountain Energy, drilling up to 20 wells in the Fitzroy River flood plain to extract fossil fuels located up to four kilometers underground [2]. - The project is situated in the Canning Basin, approximately 120 kilometers southeast of Derby, and is seen as a potential contributor to meeting Western Australia's energy needs [1][9]. Group 2: Opposition and Concerns - Conservation groups, including Environs Kimberley, are preparing to appeal the approval decision, citing risks to clean water, threatened species, and the National Heritage listed Martuwarra Fitzroy River [5][6]. - The Conservation Council WA criticized the regulator for not adequately assessing the project's potential risks, including impacts on groundwater and local stygofauna [8]. - The community sentiment against fracking in the Kimberley region is strong, with leaders from conservation groups emphasizing the need for thorough risk assessments [6][8]. Group 3: Regulatory and Government Response - WA Environment Minister Matt Swinbourn will consider the appeals once the process is complete, while Premier Roger Cook has clarified that the EPA's recommendation does not equate to a blanket approval for fracking [10][13]. - The government maintains that its policies are based on independent scientific inquiries suggesting that fracking can occur with appropriate regulations, despite a ban on fracking in 98% of WA [14].

Financing Overview - Reconnaissance Energy Africa Ltd successfully closed an oversubscribed financing round, raising $36 million, exceeding the initial target of $20 million due to high institutional demand [1][3] - The financing is crucial for the company's operations planned for 2026 across multiple African jurisdictions [1][3] Operational Strategy - The company has diversified its asset base, expanding operations from Namibia to include Angola and Gabon, which allows for better capital allocation and reduces single-point failure risk [4] - In Namibia, the company is preparing for its first production test at the Kavango interest, with operations expected to commence by the end of Q1 2024 [5][6] - Angola is in the geological work phase, with plans for a seismic program following oil seep sampling [7] - In Gabon, the company is set to begin a high-end seismic reprocessing project on the Ngulu block, aiming to enhance the understanding of the Loba discovery and prepare for future drilling [9]

A股开盘，三大指数集体高开，沪指高开0.18%报4130.11点，深证成指高开0.15%，创业板指高开 0.16%。盘面上，金银价格屡创新高，黄金白银股再度活跃，白银有色涨停；医药商业、光伏设备板块 高开，油气开采及服务板块盘初走低。 ...

Group 1 - Lotus Creek Exploration (LTC:CA) is a recent Canadian spin-off positioned to capitalize on an economical oil play [1] - Insiders have been actively purchasing stock, indicating confidence in the company's future [1] - The company has reached an inflection point, suggesting a potential shift in its growth trajectory [1] Group 2 - The founder of Korwell Capital emphasizes a value investing approach, focusing on stocks with a tangible margin of safety and significant discounts to long-term earning power [1] - There is a preference for companies with sustainable competitive advantages and management alignment with shareholders [1] - The research highlights the importance of understanding a business model and its position in the industry's capital cycle to identify tail risks [1]

Key Takeaways DNOW, PRSU, REPX and RFIL show latest-quarter cash flow at or above their 5-year averages.DNOW posts rising earnings estimates and a VGM Score of A, highlighting strong cash flow efficiency.PRSU, REPX and RFIL show estimate upgrades and solid VGM Scores, backing improving cash trends.Crunching profit numbers and evaluating surprises might appear as a good option in the ongoing reporting cycle, but these do not ensure that the profits are being efficiently channeled to the reserves for funding ...

Core Viewpoint - Murphy Oil Corporation announced results from the Civette exploration well in Block CI-502 offshore Côte d'Ivoire, confirming the presence of hydrocarbons in a frontier play despite not meeting commercial thresholds [1] Group 1: Exploration Results - The Civette-1X well reached a total depth of 13,950 feet (4,252 meters) [1] - The well encountered non-commercial hydrocarbons across multiple intervals [1] - The confirmation of hydrocarbons is considered a meaningful success in early-stage exploration [1]