Burren Energy Company News

Recent Articles

Results 42 articles shown

Eni Makes Mandatory Offer for 20% of Hindustan Oil Exploration
Eni Holding, a wholly owned subsidiary of Eni SpA, has launched a mandatory open offer for 20 per cent of the shares of HOEC at a price of 144.2 rupees per share.
8:00 PM EST | April 23, 2008
A Step Closer for Eni and Burren
As of Jan. 10, 2008, Eni has either acquired or holds valid acceptances of the offer for 77.42% of Burren's existing issued share capital, or 109,250,524 Burren shares.
7:00 PM EST | January 10, 2008
Eni UK Makes Offer for Burren Energy
Eni Holding has presented its offer to Burren shareholders, together with the related form of acceptance.
7:00 PM EST | December 11, 2007
Eni Withdraws Offer for Burren
Eni wishes to clarify its position regarding Burren by announcing that it is no longer considering making an offer for the company.
7:00 PM EST | November 18, 2007
Eni Confirms Interest in Burren Energy
The recent share price movement of Burren Energy has peaked Eni's interest in entering discussions regarding a potential offer for Burren.
8:00 PM EST | October 08, 2007
Burren Energy Rejects Recent Takeover Offers
Burren Energy confirms that it has received a number of approaches in relation to possible offers for the Company at up to 1100p per share, but has rejected these conditional proposals.
8:00 PM EST | October 08, 2007
Burren Logs Pay with Turkmenistan Appraisal Well
Burren reports record results from a new appraisal well in an undeveloped part of the Burun field together with current record levels of production from its fields in Turkmenistan.
8:00 PM EST | August 13, 2007
Burren Energy Pleased with First Half Results
Burren Energy's working interest production in H1 2007 was approximately 38,000 bopd, against an average of 34,240 bopd in 2006 as a whole.
8:00 PM EST | July 15, 2007
Burren's Chairman Encouraged by 2007 Progress
Keith Henry, Chairman of Burren Energy PLC, issued the following statement at Wednesday's annual general meeting:
8:00 PM EST | May 22, 2007
Burren to Acquire Stake in M'Boundi Field
Burren Energy Plc has signed an agreement with Eni Congo SA, a wholly owned subsidiary of Italian group Eni S.p.A, to acquire an additional 5.5% interest in the M'Boundi oil field in the Republic of Congo.
8:00 PM EST | March 18, 2007
Burren Reports 13% Jump in Earnings for 2006
Burren Energy on Monday issued its preliminary results for the year ended December 31, 2006.
8:00 PM EST | March 18, 2007
Burren Waives Pre-emption Right on Eni's M'Boundi Acquisition
Eni issued an update regarding its M'Boundi Acquisition in Congo (Brazzaville) from Maurel & Prom.
8:00 PM EST | March 18, 2007
Rand to Succeed Auld as Equator's CFO
The board of Equator Exploration Limited on Tuesday accepted the resignation of Jeffrey Auld as Chief Financial Officer and Executive Director. Auld is leaving the Company to pursue other business opportunities.
8:00 PM EST | March 12, 2007
Burren to Complete Loufika-1 in Congo, Wins Yemen Block
Burren Energy Plc on Tuesday issued a drilling update on the company's Congo assets and announced the award of a new block in Yemen.
7:00 PM EST | December 18, 2006
UK Oil Companies Net Asset Values Hit By Weakening Dollar
U.K. oil companies that earn revenues in dollars but pay North Sea production costs in sterling are taking a knock from the weakening dollar and valuations could further dip in the near future.
7:00 PM EST | December 05, 2006
Burren Energy Finds New Oil Play in Congo
The Loufika-1 exploration well, situated 35 km south-east of the M'Boundi field, has encountered, at a depth of 551 meters, a 100 meter thick sandstone reservoir of which the upper 50 meters are oil-bearing.
8:00 PM EST | September 20, 2006
Burren Energy Reports 2006 First Half Results
Keith Henry, Burren Energy's Chairman says that during the first half of the year the company has again delivered record financial results underpinned by increased production, rising oil prices and an improved discount to Brent.
8:00 PM EST | September 17, 2006
Burren Reports Solid First Half of 2006
Prior to the announcement of interim results for the 6 months to June 30, 2006, in September, Burren Energy Plc is issuing a trading and operational update in respect of the Group’s performance in 2006 to date.
8:00 PM EST | July 17, 2006
Congo Approves Maurel & Prom's La Noumbi PSC
During its regular session the Congolese Parliament approved the terms of the La Noumbi Production Sharing Contract. This vote finalizes the reorganization of the mineral rights of Maurel & Prom and Burren Energy in the Congo.
7:00 PM EST | March 29, 2006
Burren Places Congo Development Wells Onstream
Burren has placed Well 1203 in the M'Boundi field onstream. Production from wells 505 and 1904 will begin shortly.
7:00 PM EST | March 06, 2006
Reserves Downgraded at M'Boundi Field
Maurel & Prom, operator of the M'Boundi field, announced that the well MBD 1501, a step-out development well on the north north-east perimeter of the field, has encountered basement higher than anticipated and has not found reservoir.
7:00 PM EST | February 01, 2006
Burren Energy Pleased with Preliminary 2005 Results
Burren's CEO, Finian O'Sullivan, said 2005 was a very successful year for the company. And to continue this success he said the company has an extension exploration program planned for 2006.
7:00 PM EST | January 17, 2006
Burren Energy Expands Exploration Activities into Yemen and Oman
Burren has entered agreements for exploration blocks in Yemen and Oman. In Yemen, Burren will acquire 92% stake and operatorship of Block 6.
7:00 PM EST | January 15, 2006
Burren Energy Says First Nebit Dag Well Non-Commercial
Burren Energy says well NDE001, the first of three consecutive exploration wells on the Nebit Dag East prospect in Turkmenistan discovered non-commercial amounts of gas.
7:00 PM EST | November 20, 2005
Burren Energy Sees Positive Results from Congo Program
Burren reports positive results of the 3 latest development wells on the M'Boundi field completed during October 2005.
7:00 PM EST | November 02, 2005
Burren Energy Completes Four Development Wells on M'Boundi Field
Burren reports a total of 4 development wells have been completed and tested since the beginning of August, with a combined aggregate test rate of 14,800 bopd from the Vandji reservoir.
8:00 PM EST | September 18, 2005
Burren Energy Farms Out Stake in Two Exploration Areas to SNPC
Burren has entered into a conditional agreement for SNPC, the state-owned national oil company of the Republic of Congo, to acquire an interest in or 'farm in' to the Kouilou production sharing agreement, which includes the M'Boundi field and the exploration rights to the Kouilou permit area.
8:00 PM EST | August 11, 2005
Burren Energy Launches Offer for Hindustan Oil Exploration Shares
Burren announces the launch, on behalf of its subsidiary Burren Energy India Ltd., of an Open Offer for 20% of the outstanding share capital of Hindustan Oil Exploration Company at an offer price of Rupees 92.41 per share.
8:00 PM EST | August 10, 2005
Burren Says M'Boundi Step-out Well Successful
Well 1001, a step-out well recently drilled at the north-north-east end of the M'Boundi field, has been tested at an initial flow rate of 4,000 bopd from the shallowest section of the Vandji reservoir, indicating a further extension of the reservoir in this direction.
7:00 PM EST | March 28, 2005
Burren Wins Two Egyptian Exploration Blocks
Burren is the successful bidder for two exploration blocks in the 2004 Bid Rounds organized by the government-owned Egyptian General Petroleum Corporation and Ganoub El-Wadi Holding Petroleum Company.
7:00 PM EST | February 15, 2005
Burren Acquires Stake in Hindustan Oil Exploration Co.
Burren has acquired a 26.0% equity interest in Hindustan Oil Exploration Company for a consideration of US$26.0 million.
7:00 PM EST | February 14, 2005
Burren Energy Provides Preliminary 2004 Results
Burren Energy's net production for 2004 averaged 14,200 bopd, an increase of 74% over 2003 (8,140 bopd).
7:00 PM EST | January 25, 2005
Burren Energy Sees Success at Two Wells in Congo
Burren announces the successful results of well 704 on the M'Boundi field and well 401 on the Kouakouala field, both in Congo (Brazzaville).
7:00 PM EST | December 28, 2004
Burren Energy Announces Latest Results from M'Boundi Field
Burren announces the results of wells 1301 and 303 on the M'Boundi field in Congo (Brazzaville).
7:00 PM EST | December 13, 2004
Burren Suspends B060 Well on Burun Field in Turkmenistan
Well B060 was spudded in early August and after a side-track, has now reached its target depth of 4150 meters. The well encountered abnormally high formation pressures and has been temporarily suspended awaiting the arrival of special production testing equipment.
7:00 PM EST | November 29, 2004
Maurel & Prom Tests Well 703 on M'Boundi Field
Maurel & Prom reports that well 703 on the M'Boundi field had been tested at a stabilized flow rate of 3,500 bopd.
7:00 PM EST | November 15, 2004
Burren Sees Success with Second M'Boundi Well
Burren announces the successful results of well MB 701, the second of two step-out appraisal wells on the M'Boundi field in Congo.
8:00 PM EST | July 20, 2004
Burren Sees Success with First Step-out Well on M'Boundi
Burren reports the successful results of well MB 801, the first of two step-out appraisal wells on the M'Boundi field which have the potential to increase field reserves.
8:00 PM EST | June 29, 2004
Burren Energy Says 2003 Very Successful Year
Burren Energy has continued to make excellent progress in 2004 after a very successful 2003.
8:00 PM EST | May 18, 2004
Burren Energy Increases Reserves in Congo
Burren Energy says that its proven and probable oil reserves in M'Boundi field in Congo is approximately 36 million barrels, compared with 21 million barrels at year-end 2003.
8:00 PM EST | April 04, 2004
Burren Releases Preliminary Results for 2003
Burren Energy releases its preliminary results for 2003.
8:00 PM EST | April 04, 2004
Maurel & Prom Sell Stake in M'Boundi Field in Congo
Maurel & Prom has reached agreement to sell an 11 percent interest in the M'Boundi Production Permit to Energy Africa Limited
7:00 PM EST | January 07, 2004