Melrose Resources Company News

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Beach Expects Regulatory Nod for Farm-In Offshore Romania by Mid-Oct
Beach Energy expects to receive regulatory approval for a farm-in agreement on an oil and gas exploration block offshore Romania.
8:00 PM EST | September 12, 2012
Melrose and Petroceltic Plan to Merge
Melrose Resources and Petroceltic International want to form a regional E&P firm focused on Africa, the Mediterranean and the Black Sea.
8:00 PM EST | August 16, 2012
Exxon, Total Bid for Gas Drilling in The Black Sea
ExxonMobil, Total and Melrose Resources have filed bids for deep-water gas drilling in the Black Sea, Bulgaria's Economy and Energy Minister Delyan Dobrev said.
8:00 PM EST | June 20, 2012
Melrose Farms-Out Stake Offshore Romania
Melrose has agreed to farm-out a proportion of its equity in its Romanian concession to Sterling Resources Ltd.
8:00 PM EST | March 21, 2012
Melrose Divests Assets in Texas
Melrose has completed the sale of its gas assets in South East Texas to Faulconer Resources 2010 Limited Partnership LLP.
7:00 PM EST | December 05, 2011
Melrose Runs Seismic Survey in Western Black Sea
Melrose has commenced the acquisition of the planned 3D seismic survey on the Galata exploration block in the Western Black Sea.
8:00 PM EST | November 03, 2011
Melrose Sees 23% Increase in 1H11 Production
"The first half of 2011 represented an important turning point for the Company, with the production revenues from our two core areas in Egypt and Bulgaria allowing us to progress a number of high potential exploration initiatives," said Robert Adair.
8:00 PM EST | August 16, 2011
Melrose to Shoot Seismic Survey in Bulgaria
Melrose is now moving ahead with its plans to shoot 500 square kilometers of 3D seismic over the central area of the Galata Block to the north of the Galata to Kaliakra field trend.
8:00 PM EST | August 11, 2011
Melrose Commences Drilling at Bulgaria Block
Melrose reported that the Kaliakra East exploration well in Bulgaria was spudded in the Galata block.
8:00 PM EST | July 20, 2011
Melrose Picks Up Blocks Offshore Romania
Melrose has signed the Concession Agreements for two offshore exploration blocks with the Romanian National Agency of Mineral Resources.
7:00 PM EST | March 09, 2011
Melrose Ramps Up Reserves in 2010 Year-End
"Melrose had another strong year of production in 2010, which will be supplemented in 2011 by a full year's contribution from the Kaliakra and Kavarna fields in Bulgaria," said David Thomas.
7:00 PM EST | February 24, 2011
Melrose Divests Permian Basin Assets
Melrose has completed the sale of the Company's assets in the Permian Basin in the USA to Quantum Resources Management.
7:00 PM EST | December 22, 2010
Melrose Fires Up Gas Production Offshore Bulgaria
Melrose announced first gas production from the Kavarna and Kaliakra gas fields offshore Bulgaria.
8:00 PM EST | November 03, 2010
Sterling Ends Farm-In Agreement Offshore Romania
Sterling announced that following the immediate cessation of the Farm-in Agreement with Melrose Resources for its blocks offshore Romania.
8:00 PM EST | October 31, 2010
Melrose Hits Gas Pay Offshore Bulgaria
Melrose announced an exploration discovery in the Galata block, the preliminary reserves estimate for the discovery is 12 Bcf.
8:00 PM EST | July 29, 2010
Melrose to Farm-Out Interests in Rhone Maritime Concession
Melrose announced a new agreement to farm-down its interests in the Rhone Maritime concession offshore France and the commencement of seismic acquisition operations in Egypt.
8:00 PM EST | July 29, 2010
Melrose Scoops Up Blocks Offshore Romania, Updates Ops
Melrose Resources announced that it was the successful bidder for two blocks offshore Romania and updated on its activities in Bulgaria, Turkey and the US.
8:00 PM EST | July 05, 2010
Melrose Resources Reached Record Production Levels in '09
"Melrose achieved a record level of production, success with our exploration and appraisal drilling program, and good reserves replacement ratio," said Executive Chairman Robert Adair.
8:00 PM EST | March 23, 2010
Melrose's Annual Production Rate Up 8.6% from 2008
Melrose's working interest production in 2009 totaled 63.7 Bcf and 3.47 MMbbl of oil and condensate, equating to an average daily production rate of 38.6 Mboepd.
7:00 PM EST | February 23, 2010
Melrose Reviews 4Q Operations in Egypt, Bulgaria & Romania
In its quarterly operational report, Melrose noted that the company will sell 4.24 Bcf of gas from the Kavarna field during the first year of the development to a Bulgarian gas trading entity.
7:00 PM EST | February 23, 2010
Melrose Discovers Gas Reserves of 30 Bcfe Onshore Egypt
Melrose Resources has announced a new exploration discovery. Additionally, the company has commenced seismic data acquisition in Egypt.
7:00 PM EST | February 04, 2010
Melrose Plans New Production at Galata in 2nd Half of 2010
Melrose Resources currently forecasts an average daily production rate in 2010 of 40.0 Mboepd on a working interest basis, which is approximately 4% higher than current 2009 market guidance of 38.5 Mboepd.
7:00 PM EST | December 16, 2009
Bulgaria Confirms Commerciality of Melrose's Kavarna Gas Field
Melrose Resources has provided an update on its operational activities in Bulgaria, Romania and Egypt.
7:00 PM EST | November 05, 2009
Analysis: Drilling Picks Up in the Mediterranean and Black Seas
With multiple projects upcoming and prolific production existing, both the Mediterranean and the Black Sea are logging more rig time every year.
8:00 PM EST | September 17, 2009
Melrose Announces 1H Results
Melrose Resources plc on Wednesday announced its half-year results for the six-month period ended 30 June 2009.
8:00 PM EST | August 26, 2009
Melrose's Production Levels 'Ahead of Expectations'
"The first half of 2009 saw Melrose deliver some excellent operating results. Production levels from our existing fields and new Egyptian developments have been ahead of expectations," reported Robert Adair, Melrose's Executive Chairman.
8:00 PM EST | August 25, 2009
Melrose Successfully Appraises Kaliakra Gas Find Off Bulgaria
The Kaliakra No.2 well has been successfully drilled to appraise the Kaliakra gas discovery which is located approximately 15 kilometers east of the Melrose operated Galata field production platform.
8:00 PM EST | August 10, 2009
Melrose Builds Production Base in Egypt, to Accelerate Drilling in Bulgaria
"Melrose has continued to build its production base in Egypt with first gas being achieved from the Damas field and an important new production milestone of over 260 MMcfpd of gas equivalent being set," said Chief Executive David Thomas.
8:00 PM EST | July 07, 2009
Melrose Finds Gas, Starts Production from 2 Fields in Egypt
The South Khilala No.1 well was successfully drilled to test a prospect south of the West Khilala field in the El Mansoura concession. The well encountered 62 feet of net pay in the Qawasim formation and has been flow tested at 17.6 MMcf/d.
8:00 PM EST | May 06, 2009
Melrose Snaps Up Stakes in Romanian Black Sea Blocks
Melrose Resources will farm-into the Pelican XIII and Midia XV Blocks in the Black Sea, offshore Romania.
8:00 PM EST | March 10, 2009
Melrose Boosts Production Interest from Egyptian Fields' Output
Melrose Resources' working interest production increased 43% as compared to 2007, which is primarily due to the contribution of a full year of production from the West Khilala and West Dikirnis fields in Egypt.
7:00 PM EST | February 19, 2009
Melrose Underscores Operational Highlights in Egypt, US
Melrose has provided an update on its drilling and production operations in Egypt and the United States.
7:00 PM EST | January 21, 2009
Melrose Confirms Kavarna Discovery in Bulgaria
Melrose reported that a replacement well, Kavarna No.2, has now been drilled in Bulgaria and has encountered 125 feet of net gas pay with an average porosity of 27%.
7:00 PM EST | December 18, 2008
Sterling Reaches Agreement for Additional $8MM Funding from Gemini
Sterling has reached an agreement under which the group may call for a further US $8 million of additional funding in the form of a "top up facility" with Jersey based Gemini Oil and Gas Fund.
7:00 PM EST | December 08, 2008
Melrose Picks Up Stakes in Black Sea Blocks Offshore Romania
Melrose has signed a Heads of Agreement with Sterling Resources under which it will farm-into the Pelican XIII and Midia XV Blocks in the Black Sea, offshore Romania.
7:00 PM EST | December 04, 2008
Melrose Forecasts 2009 Production at 34MM BOEPD
Melrose has provided a production guidance for 2009 and information regarding its planned capital expenditure program for the year.
7:00 PM EST | December 02, 2008
Melrose Touts Active Drilling Program in Egypt, Bulgaria & US
Melrose Resources has issued its Interim Management Statement to cover the period July 1, 2008 to September 30, 2008 and has provided an ongoing operational update for its E&P developments.
7:00 PM EST | November 12, 2008
Melrose to Put East Abu Khadra On-Stream in December
Melrose Resources has provided an operational update for its assets in Egypt, the Unites States and Bulgaria and has revised its production outlook, reducing it to 18,300 boepd.
8:00 PM EST | October 28, 2008
Melrose Strikes Gas at Kavarna Near Galata Offshore Bulgaria
Melrose has encountered a gas-bearing reservoir with initial reserves estimates of 24 Bcf at its Kavarna gas field offshore Bulgaria.
8:00 PM EST | October 28, 2008
Melrose Cites 2.5MM Barrel U.S. Reserve Increase
Melrose Resources announced that results were obtained from a technical evaluation of Melrose's reserves in the Permian Basin in West Texas and Eastern New Mexico. Reserves in these properties will increase by 2.5 MMbbls.
8:00 PM EST | July 29, 2008
Melrose Reports on Exploration in Egypt, Abandons East Sindy No. 1
Melrose Resources says the East Sindy well in the South East El Mansoura concession did not encounter commercial hydrocarbons and will be abandoned.
8:00 PM EST | July 02, 2008
Melrose Moves Forward with Subsea Development at Galata
Melrose has provided an update on its operations in the Galata field gas storage project, the Kaliakra field development and planned exploration drilling.
8:00 PM EST | June 24, 2008
Melrose Resources Appoints an Independent Non-Executive Director
Melrose Resources plc announced the appointment of Dr. Ahmed Lakhdar Kebaili as an independent non-executive director with immediate effect.
8:00 PM EST | June 22, 2008
Melrose Increases Bank Facilities
The amount of Melrose's senior secured borrowing facilities has been increased from $350 million to $440 million. In addition, a new subordinated secured facility of $70 million has been put in place, giving total debt capacity of $510 million.
8:00 PM EST | June 19, 2008
Melrose Ups Ante in Texas, New Mexico
Melrose Resources offered an update on its US operations, which included drilling projects in New Mexico and Texas. Other activities include reservoir evaluation work, field development and preparation work.
8:00 PM EST | June 03, 2008
Melrose Goes Way Up, 64% Increase in Q1 2008
Melrose's net entitlement production in the First Quarter totalled 8.7 Bcf of gas and 478 Mbbls of oil and condensate, representing an increase of 64% compared with the same period in 2007.
8:00 PM EST | May 12, 2008
Melrose Gets Strong Increase in Egyptian Output
The average production rate reflects strong contributions from the West Khilala and West Dikirnis fields, which are currently producing at gross rates of 103 MMcfpd of gas and 10,000 bpd of oil, respectively.
8:00 PM EST | April 23, 2008
Melrose Looks to Bulgaria
Melrose Resources announced that the company will be refocusing its attention on Bulgaria for future activities in its shallow waters.
7:00 PM EST | January 28, 2008
Melrose Black Sea Exploration a Success
The well intersected the top reservoir at a measured depth of 2743 feet and found a gross hydrocarbon column of 46 feet. Open hole log data indicates a net pay interval of 33 feet with an average porosity of 31% and high gas saturations.
7:00 PM EST | January 20, 2008
Melrose Deepens, Sidetracks Egyptian Well After Gas Shows
Similar to the original wellbore, the sidetrack also encountered gas shows in the Qawasim and the core and open hole logs indicate a gross gas column of 35 feet overlying a water leg.
7:00 PM EST | January 16, 2008