Ukrnafta oil production up 8% yoy in October
Kulczyk Oil boosts sales 3.5x in 9M12, postpones AIM listing till early 2013
Cub Energy Inc. Commences Production Of The Makeevskoye-20 Well
Cub Energy Inc, a Ukraine-focused upstream oil and gas company, announces it has commenced commercial production of the Makeevskoye-20 (“M-20”) well in Ukraine.
Kulczyk Oil Ventures announces: K-7 Well reached target depth – Up To Five Gas Zones Identified
Shelton Petroleum approved for listing on NASDAQ OMX Stockholm NASDAQ OMX
Stockholm’s Listing Committee has approved an application for listing of Shelton Petroleum’s B shares on NASDAQ OMX Stockholm, Small Cap. Trading is expected to commence on 19 November 2012.
Ukrnafta — Reports weak 3Q12 results
Ukrnafta, Ukraine’s largest oil producer, reported weak 3Q12 results: net sales dropped by 18% q-o-q to $765m (+7% y-o-y), EBITDA narrowed by 16% q-o-q to $110m (-16% y-o-y) and net income shrank by 5% q-o-q to $74m (-31% y-o-y).
Analysts Comment on JKX Operational Results
JKX Oil & Gas Plc INTERIM MANAGEMENT STATEMENT
JKX Oil & Gas’ average production fell 11.8% yoy to 7.740 boepd in 3Q12, gas production for the period fell 15.9% yoy to 34.3 MMcfd while oil output grew 2% to 2.023 boepd. The company’s average gas price increased 8.1% yoy to USD 10.92 /Mcf in 3Q12, while its oil price dropped 16.8% yoy to USD 87.04 /bbl. Management expects average production in the fourth quarter to reach 10,000 boepd (1.3x more qoq).
QED Connect signs definitive agreement to acquire Ukraine oil and gas company
QED Connect has entered into a definitive agreement to acquire AFON 2010 Ltd, a Ukraine-based oil and gas company with concessions to oil and gas leases in southern Ukraine.
Ukrnafta trims production decline in 9M12