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Artumas Company News
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Artumas Group Takes New Name
Artumas Group has completed the process of changing its name to Wentworth Resources Limited.
8:00 PM EST | September 19, 2010
Artumas Gets Exploration Extension for Rovuma License
Artumas announced that the INP of Mozambique approved a six-month extension, without further commitment, to the current exploration period for the onshore Rovuma license.
8:00 PM EST | August 08, 2010
Artumas Group Shuffles Management
Artumas Group noted changes to its Board of Directors and executive management team.
8:00 PM EST | August 01, 2010
Artumas Enters LOI to Make Progress in Tanzania
Artumas Group has entered exclusive and confidential negotiations with Wentworth Resources and is expecting that a business combination of the two companies will conclude no later than June 1, 2010.
8:00 PM EST | March 24, 2010
Artumas Closes Canadian Office, Moves HQ to Tanzania
Artumas Group will be closing its Canadian office in Calgary. Previous restructuring efforts had seen many corporate responsibilities successfully moved to Dar es Salaam, Tanzania.
7:00 PM EST | February 24, 2010
Artumas Confirms Mozambique Interest Positions
Following the successful sale and completion of certain participating interests held in Mozambique oil and gas concessions, Artumas today confirmed its final royalty interest position.
7:00 PM EST | February 17, 2010
Cove Completes Offshore Mozambique Farm-in
Cove Energy plc on Tuesday announced that following the receipt of the consent of the Government of the Republic of Mozambique, it has now obtained all necessary consents and approvals.
7:00 PM EST | January 04, 2010
Cove Gets Go-Ahead for Onshore Mozambique Farm-In
Cove has completed the acquisition of its interest on Rovuma Onshore and has received partner consent for Rovuma Offshore, Mozambique.
7:00 PM EST | December 22, 2009
Artumas to Complete Final Sale of Tanzanian Interests
Artumas has fulfilled all conditions and has received final approval from the Government of Tanzania to complete the sale of a portion of its participating interest in the Mnazi Bay Development License to Maurel & Prom and Cove Energy.
7:00 PM EST | November 26, 2009
Anadarko Kicks Off Drilling Operations Onshore Mozambique
Artumas Group has confirmed the commencement of drilling in the Onshore Rovuma Block in Mozambique. The Block is operated by Anadarko, and the Mecupa-1 well is the first well in the Mozambique Rovuma Basin since 1986.
8:00 PM EST | October 25, 2009
Artumas Executes Farm-Out of Tanzanian, Mozambique Assets
Artumas has announced the farm-out of its Mnazi Bay Production Sharing Agreement, its Area 1 Offshore Rovuma Block and its Onshore Rovuma Block to Maurel & Prom and Cove Energy.
8:00 PM EST | September 17, 2009
Artumas Underscores Seismic Activity in Mozambique, Tanzania
Artumas issued an exploration and operational update for its assets in Mozambique and Tanzania, specifically highlighting seismic activity in these blocks.
8:00 PM EST | August 19, 2008
Artumas Encouraged by Crude Potential at Mozambique Rovuma Basin
Artumas revealed that an independent study showed a high probability for hydrocarbons within its Mozambique Rovuma Basin development areas.
8:00 PM EST | May 13, 2008
Artumas Provides African Operations Update
Artumas Group Inc. offers an operational update to the company's projects in the Rovuma Delta Basin in East Africa, Mnazi Bay in Tanzania and onshore block in northeastern Mozambique.
7:00 PM EST | January 30, 2008
Artumas Prepares for Exploration Activity
The third quarter of 2007 treats Artumas well, leading the company to exploration in Mozambique and Tanzania.
7:00 PM EST | November 27, 2007
Artumas Closes $170 Million Private Placement
Artumas Group has successfully closed a Private Placement consisting of an equity issue and a convertible bond issue for gross proceeds of US$170 million (NOK 899 million).
7:00 PM EST | November 07, 2007
Private Placement of Common Shares and Convertible Bond
Gross proceeds from the combined equity and convertible bond issues are expected to be US$130-170 million, which will be used to finance the company's work program including the seismic, exploration and development programs on Mnazi Bay, Tanzania.
7:00 PM EST | November 06, 2007
Artumas Strengthens Executive Team
Artumas has appointed Mr. Duncan Nightingale as Senior Vice President Exploration, effective 12 November 2007.
8:00 PM EST | October 31, 2007
Artumas Unveils Plans for Tanzania and Mozambique
Artumas says that the next stage of its exploration and development program will launch Artumas into high impact crude oil exploration in Mozambique and move the company closer to commercializing its gas resource base in Tanzania.
8:00 PM EST | October 17, 2007
Mozambique Rovuma Shows Potential
Artumas Group reports on the Rose & Associates assessment of Mozambique Rovuma Offshore Block's resource potential and associated economic value of Artimas' 8.5% net participating interest.
8:00 PM EST | October 15, 2007
Artumas Group Taps Bentley for Board of Directors
Artumas Group has appointed John Bentley as non-executive Chairman effective August 1, 2007.
8:00 PM EST | July 29, 2007
Artumas Encouraged by Mnazi Bay Tests
Artumas Group Inc. announced that the recent production testing of the MB-2 and MB-3 appraisal wells, as well as the MS-1X discovery well, have provided further support for the presence of world-scale hydrocarbon resources in Mnazi Bay.
8:00 PM EST | June 20, 2007
Artumas and Anadarko Ink Mozambique Agreement
Artumas Group has signed a Trade Agreement with Anadarko covering a mutual exchange of interests in their respective Exploration and Production Concessions (EPCs) in Mozambique.
8:00 PM EST | May 02, 2007
Artumas Wins Rovuma Block in Northern Mozambique
Artumas Group has signed an agreement for the Exploration and Production Concession Contract (EPCC) for the Rovuma Onshore Block in the Rovuma Basin in northern Mozambique.
8:00 PM EST | April 19, 2007
Purcell to Head Operations at Artumas
Steve Mason, President and CEO of Artumas Group Inc., said that the company has retained Doug Purcell as its new Chief Operating Officer effective May 1, 2007. Purcell replaces Ian Horswill.
8:00 PM EST | April 15, 2007
Artumas: Tests Confirm New Discovery in Tanzania
Artumas Group Inc. reported continued success in its drilling program with a new exploration discovery in the Mnazi Bay Concession in Tanzania.
8:00 PM EST | April 10, 2007
Artumas Closes Over-subscribed Private Placement
Artumas Group Inc. reported the successful closing of the Private Placement announced on 29 March 2007, for gross proceeds of USD 35 million (215 million NOK).
8:00 PM EST | March 29, 2007
Artumas Group Plans Private Placement to Fund Work at Mnazi Bay Concession
Artumas Group Inc. has retained ABG Sundal Collier Norge ASA as Lead Manager with First Securities ASA as Co-lead Manager, to advise on and effect an equity issue directed towards professional Norwegian and international investors.
8:00 PM EST | March 28, 2007
Artumas Pleased with Early Msimbati Results
Artumas Group Inc. said that the Msimbati - 1X (MS-1X) exploration well, drilled in its Mnazi Bay Concession in Southern Tanzania, reached target depth (TD) of 6570 feet on 20 March 2007, a full 11 days ahead of schedule.
8:00 PM EST | March 25, 2007
Artumas Spuds Msimbati-1X Exploration Well
Artumas Group has commenced drilling of the Msimbati - 1X (MS-1X) exploration well, located in the Mnazi Bay Concession, Southern Tanzania.
7:00 PM EST | February 26, 2007
MB-2 and MB-3 Well Results Expand Natural Gas Resource at Mnazi Bay
Artumas reports the third-party engineered results from the completion and testing program at the MB-2 and MB-3 wells in Mnazi Bay, Tanzania are completed and confirm OGIP for MB-2 of 84 Bcf and OGIP for MB-3 has been assessed at 102 Bcf.
7:00 PM EST | January 17, 2007
Eden Replaces Hart as Gran Tierra's CFO
Gran Tierra Energy Inc. announced that it had accepted the resignation of James Hart from his position as the Company's Chief Financial Officer and Vice President, Finance.
7:00 PM EST | January 02, 2007
Artumas Hires New Chief Financial Officer
Artumas Group Inc. has retained Mr. Cameron Barton as its new Chief Financial Officer (CFO) effective February 1, 2007 and on a transitional basis, effective January 1, 2007.
7:00 PM EST | December 20, 2006
Artumas Issues Convertible Bonds Through Private Placement
Artumas Group announces a 10.0% Senior Unsecured Convertible Bond financing through a private placement. The convertible bond issue will be a maximum US $30 million, denominated in notes of US $100,000 each.
7:00 PM EST | November 29, 2006
Mtwara Energy Project Nears Commissioning
Artumas reports significant progress on key operations in the Mnazi Bay drilling program and Mtwara Energy Project.
7:00 PM EST | November 28, 2006
Artumas Spuds Mnazi Bay Appraisal Well
Artumas Group Inc. on Tuesday commenced drilling the Mnazi Bay #3 (MB-3) appraisal well in southern Tanzania.
7:00 PM EST | November 16, 2006
Artumas Group Successfully Closes Private Placement
Artumas Group reports the successful closing of the Private Placement announced on October 11, 2006, for gross proceeds of US $16.5 million (111 million NOK). The Offering was over-subscribed.
8:00 PM EST | October 11, 2006
Mnazi Bay 2 Exceeds Expectations
Artumas Group has completed testing of the Mnazi Bay 2 (MB-2) well in Tanzania. The results have exceeded the expectations from the original geological and geophysical interpretations of seismic and Mnazi Bay 1 (MB-1) well.
8:00 PM EST | September 27, 2006