Well tests drive junior energy company
Shares of Sea Dragon Energy (TSX: V.SDX) jumped more than 30% in early trade to 36.5 cents. The company announced before the market open that it had successfully completed testing at its Al Amir SE #4 well in the Gemsa concession in Egypt. As well, the company has moved its drilling rig, and begun drilling at its Geyad #2 appraisal well.
Antrim Energy (AEN) offered UK North Sea block
In breaking news Friday, Calgary-based Antrim Energy (TSX: T.AEN) announced that it has been offered Block 21/24b in the UK North Sea as part of the 25th Seaward Licencing Round.
Verenex Energy tumbles after update on Libya discussions
Shares of Calgary-based Verenex Energy (TSX: T.VNX) tumbled 20% to $6.87 Monday, as the company said the Libyan National Oil Corporation has not provided consent to the acquisition of the company by China National Petroleum Corp.
Junior energy stock jumps on oil production
Nordic Oil and Gas (TSX: V.NOG) shares climbed 27% to 14 cents on Friday after the oil and gas producer/explorer announced that it is now producing in excess of 150 barrels of oil per day from its wells in Lloydminster, Alberta.
Addax Petroleum to fund Gabon exploration well
Calgary-based Addax Petroleum Corporation (TSX: T.AXC) announced Thursday that it has agreed to fund an exploration well in the Ogueyi licence area, onshore Gabon, with the potential to earn a 50% interest in the licence area.
OPTI Canada records net loss in Q1
Calgary-based OPTI Canada (TSX: T.OPC) announced its first quarter results Tuesday, including a net loss of $97 million or 50 cents per share, compared with a restated $6 million or three cent loss per share in last year’s Q1.
