Nautical Petroleum Company News

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Egdon Completes PEDL005(R) Farm-Outs
Egdon Resources completes 2 separate farm-out agreements for License PEDL005(R), located in Lincolnshire, UK.
8:00 PM EST | September 20, 2015
Cairn Bids $645M for Nautical Petroleum
Analysts welcome Cairn Energy's cash offer for Nautical, but will there be a counter offer?
8:00 PM EST | June 12, 2012
Nautical Petroleum Spins Bit at Carnaby Well
Nautical Petroleum begins drilling at the Carnaby exploration well 28/9-5 in Central North Sea Block 28/9.
8:00 PM EST | May 10, 2012
Nautical Petroleum to Take Stake in North Sea Block
Nautical Petroleum plc has entered into an agreement with First Oil Expro Limited to acquire a 25 percent interest in UK Petroleum Exploration and Development License P1756, North Sea Block 3/27a.
7:00 PM EST | February 01, 2012
Nautical Petroleum Sells 25% Interest in Kraken Field to EnQuest
Nautical Petroleum is selling its interest in UK license P1077 as part of a farm-in deal that could see EnQuest spend up to $240 million in developing Kraken.
7:00 PM EST | January 23, 2012
Deo Petroleum: Amalgamation Agreement Finalized
Deo Petroleum announced that the amalgamation agreement to combine the UKCS License P218 Block 15/21a Gamma Sub Area and Block 15/21g areas has been finalized.
7:00 PM EST | January 11, 2012
EnCore Spins Bit at Tudor Rose
Nautical announced that the Tudor Rose appraisal well 14/30a-5 in Central North Sea Block 14/30a was spudded on November 16, 2011.
7:00 PM EST | November 16, 2011
Nautical's Kraken Passes Test in North Sea
Nautical announced that the Kraken 9/02b-5Z horizontal well, located in UKCS North Sea Block 9/2b, has been successfully completed and tested.
8:00 PM EST | September 25, 2011
Nautical Captures Kraken
Nautical announced that the Kraken 9/02b-5 pilot well has successfully encountered oil in the Heimdal III sandstone interval.
8:00 PM EST | August 10, 2011
Nautical Spuds Kraken Appraisal Well
Nautical announced that the drilling of the 9/02b-5 well has commenced on the Kraken discovery located on North Sea Block 9/2b.
8:00 PM EST | July 05, 2011
EnCore, Partners Acquire North Sea License
EnCore Oil and its P1655 (Block 15/21g) partners, Nautical Petroleum and Serica (the P1655 group), have agreed terms to acquire a 70 percent interest in a part of adjoining License P218 (Block 15/21a).
8:00 PM EST | June 30, 2011
Nautical Finalizes Stake Acquisition in UKCS License
Nautical Petroleum announced the completion of the acquisition of an additional 15% interest in UKCS License P1077 Blocks 9/2b and 9/2c.
8:00 PM EST | May 19, 2011
Nautical Clinches Semisub for Kraken
Nautical announced that a Rig Contract has been signed with Awilco for the next drilling activity on the Kraken discovery in UKCS Block 9/2b.
8:00 PM EST | March 13, 2011
Nautical Boosts Oil in Place Estimate at Kraken
Nautical announced new estimates of the stock tank oil initially in place in the Kraken accumulation, located in Block 9/2b and Block 9/1a.
7:00 PM EST | March 10, 2011
Nautical Farms-In to Northern Irish License
Nautical has acquired a 20 percent equity interest in License PL1/10 over the Central Larne-Lough Neagh Basin, onshore Northern Ireland.
7:00 PM EST | March 03, 2011
Celtic Buys Back into Kraken Sidetrack
Celtic has now bought back into the Kraken 9/02b-4z exploration sidetrack by payment of its share of costs.
7:00 PM EST | November 30, 2010
Nautical, Statoil Finalize Mariner Sale
Nautical has completed the sale of a 20.67 percent interest in License P335 Block 9/11a, which contains the Mariner discovery, to Statoil.
8:00 PM EST | November 03, 2010
Nautical Takes Stake in Nemo Discovery
Nautical has entered into a farm-in agreement to acquire up to a 65% interest in the Standard Exploration License 2/07 containing the Nemo heavy oil discovery.
8:00 PM EST | September 27, 2010
Nautical Secures Rig for Catcher Campaign
Nautical Petroleum announced that the GSF Galaxy II has been signed for the next drilling campaign to take place on Block 28/9 in the North Sea.
8:00 PM EST | September 26, 2010
Nautical IDs 74 Bcf of Gas in Marlin Prospect
Nautical reported seismic data on the Marlin exploration prospect, which indicates that it is likely to be gas charged with a total resource of up to 74bcf.
8:00 PM EST | September 23, 2010
Statoil Buys Nautical's Stake in UK Mariner Field
Statoil will acquire 20.67% of Nautical Petroleum's interest in UK offshore license P335 containing the Mariner field.
8:00 PM EST | September 22, 2010
Nautical Petroleum Strikes Additional Oil Pay at Kraken
Nautical successfully encountered oil bearing sands in both the Heimdal Unit III and Heimdal Unit I reservoirs at the Kraken sidetrack.
8:00 PM EST | September 20, 2010
Nautical Petroleum Encounters Net Pay in North Sea
Nautical Petroleum announced the results of the Kraken appraisal well located on UK Central North Sea block 9/2b.
8:00 PM EST | September 08, 2010
Nautical Petroleum Spins Bit in North Sea
Nautical Petroleum has begun appraisal work on its Kraken discovery in the 9/2b block in the UK North Sea.
8:00 PM EST | August 12, 2010
Providence, Nautical Join Forces Offshore Ireland
Providence has agreed to farm out a 40% equity interest in Licensing Option 10/1 to Nautical Petroleum.
8:00 PM EST | April 25, 2010
Nautical Petroleum Gets 'Kraken'
Nautical Petroleum announced that a Rig Agreement for the next drilling activity on the Kraken discovery in UKCS block 9/2b has been signed.
8:00 PM EST | April 05, 2010
OHM to Conduct CSEM Survey for Kraken Appraisal in UK North Sea
OHM will conduct a CSEM survey in the UK sector of the North Sea that represents first full commercial use of its WISE technology, which uses available seismic and well data to underpin CSEM survey design for use in technically challenging areas.
8:00 PM EST | May 25, 2009
Nautical Petroleum Extends Secured Bank Facility
Nautical Petroleum successfully extended its £7.5 million secured facility with Bank of Scotland Plc, for a period of 3 years.
8:00 PM EST | April 05, 2009
Nautical Makes Headway at Mariner, Kraken, Completes Farm-Out in 2008
In addition to progressing Mariner and Kraken, Nautical carried out significant work on the existing portfolio, added 7 full/part blocks in the 25th Seaward Licensing Round, added to its French onshore portfolio and acquired a small UK onshore asset.
8:00 PM EST | March 22, 2009
Nautical Postpones Drilling North Sea's Hydra Prospect Until 2009
Nautical has postponed the planned drilling of the Hydra prospect until 2009 due to bad weather in the North Sea.
7:00 PM EST | November 12, 2008
Nautical Creates Solid Asset Platform, Cites 2008 Drilling Ops
Nautical Petroleum has announced its final results and has issued a portfolio update for the year ended June 30, 2008.
8:00 PM EST | October 15, 2008
Nautical Names New Chief Financial Officer
Nautical has appointed William Howard Mathers, 32, as Chief Financial Officer of the Company. Mathers joined the Company on October 6, 2008 in the newly created position of Chief Financial Officer.
8:00 PM EST | October 14, 2008
Nautical Underscores 9/2b-1 Well Results, Still Positive about Kraken
Nautical Petroleum has announced the result of the 9/2b-3 well, which was spudded on September 21, 2008 and drilled by the Sedco 704 semisubmersible drilling rig.
8:00 PM EST | October 09, 2008
Revus Farms-In to 2 UK Central North Sea Blocks
Revus entered into a farm-in agreement with EnCore Oil to earn a 20% interest in UK Central North Sea blocks 28/9 and 28/10c.
8:00 PM EST | September 28, 2008
Nautical, Partners Spud Second Kraken Well in UK North Sea
Nautical Petroleum has announced that the Kraken appraisal well 9/2b-3 spudded on September 21, 2008 using the Sedco 704 drilling rig.
8:00 PM EST | September 21, 2008
Nautical Nabs 3D Seismic, OBC Surveys for Mariner Discoveries
Nautical Petroleum has announced that a 3D seismic survey and ocean bottom cable survey have been acquired over the Mariner and East Mariner discoveries and the surrounding blocks.
8:00 PM EST | September 08, 2008
Nautical Secures Rig Slot from Senergy to Drill on Hydra Prospect
Nautical Petroleum secured a drilling rig slot from Senergy in October 2008 for drilling a well on the Hydra prospect in Block 3/27a, which could contain a best estimate prospective resource in-place of 600 million barrels.
8:00 PM EST | August 05, 2008
Nautical Wraps Up Kraken Farm-Out to Canamens
Nautical Petroleum entered into the last of a set of three farm out agreements with Canamens. This third agreement provides for the acquisition by Canamens of an additional 10% interest in the North Sea Block 9/2b.
8:00 PM EST | July 27, 2008
Canamens Cinches Interest in North Sea's Kraken, Mariner
Nautical entered into a farm out agreement with Canamens whereby Canamens will acquire a 35% interest in the North Sea Block 3/27a. The Company will spud the well, located in the Hydra prospect, in October.
8:00 PM EST | July 22, 2008
Nautical Wraps Up Farm-Out Agreements with Canamens
Nautical has completed the farm-out agreements announced on May 15, 2008, with Canamens (UK).
8:00 PM EST | July 17, 2008
Nautical Drills Duster at Selkie Prospect
Nautical Petroleum has announced that its 8/25a-1 Selkie exploration well is dry, probably due to lack of top seal.
8:00 PM EST | May 26, 2008
Nautical Teams Up with Canamens to Develop on the UKCS
Nautical Petroleum announced that it has entered into a farm out agreement with Canamens Energy whereby Canamens will acquire a 30% interest in the North Sea Block 8/25a.
8:00 PM EST | May 14, 2008
Nautical Spuds Selkie Well in UKCS, Hopes High
Nautical Petroleum spudded the Selkie exploration well 8/25a-1 in the North Sea's United Kingdom Continental Shelf and directly west of the Skipper discovery in Block 9/21.
8:00 PM EST | May 12, 2008
IEG Enters Binding SPA For Sale Of Interest To Shincheon
IEG has sold 63,408,290 shares from its holding in Nautical for a consideration of UK7,926,036 (12.5 pence per share).
8:00 PM EST | April 13, 2008
AGR Extends Rig Contract for Transocean Prospect
Oil services company AGR Group announced that its contract for the Transocean Prospect has been extended through to September 2008. With the semi-submersible AGR will manage at least 5 additional wells.
7:00 PM EST | January 14, 2008
Risk-Averse Investors Shun Small Oil Cos, Boosting M&A
As the credit crunch bites, risk-averse investors are moving to quality energy stocks and hammering many small O&G companies, possibly triggering a wave of consolidation that could see many energy listings on London's AIM vanish.
7:00 PM EST | December 12, 2007
Nautical Disappointed with Mermaid Results
Well 9/11c-13 was drilled to 5113 feet and encountered excellent quality sands at Tertiary Heimdal and Maureen level. However, both the main Maureen target and the secondary Heimdal objectives were water wet.
7:00 PM EST | December 09, 2007
Nautical Spuds Mermaid Prospect
Nautical Petroleum says that the Mermaid exploration well 9/11c-13 spudded on November 22, 2007.
7:00 PM EST | November 26, 2007
Nautical Successfully Appraises Kraken Well
Nautical says that the 9/2b- 2 Kraken appraisal well has encountered oil-bearing Palaeocene Heimdal sands at a higher elevation than in the 9/2- 1 Kraken discovery well.
7:00 PM EST | November 15, 2007
Canamens to Take 25% Interest in North Sea Block 9/2b
Nautical has entered into an agreement with Canamens, whereby Canamens will acquire a 25% interest for all future activity on Block 9/2b in the North Sea.
8:00 PM EST | October 30, 2007