Nautical Petroleum Company News

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Egdon Completes PEDL005(R) Farm-Outs
Monday, September 21, 2015Egdon Resources completes 2 separate farm-out agreements for License PEDL005(R), located in Lincolnshire, UK.

Cairn Bids $645M for Nautical Petroleum
Wednesday, June 13, 2012Analysts welcome Cairn Energy's cash offer for Nautical, but will there be a counter offer?

Nautical Petroleum Spins Bit at Carnaby Well
Friday, May 11, 2012Nautical Petroleum begins drilling at the Carnaby exploration well 28/9-5 in Central North Sea Block 28/9.

Nautical Petroleum to Take Stake in North Sea Block
Thursday, February 02, 2012Nautical 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.

Nautical Petroleum Sells 25% Interest in Kraken Field to EnQuest
Tuesday, January 24, 2012Nautical 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.

Deo Petroleum: Amalgamation Agreement Finalized
Thursday, January 12, 2012Deo 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.

EnCore Spins Bit at Tudor Rose
Thursday, November 17, 2011Nautical announced that the Tudor Rose appraisal well 14/30a-5 in Central North Sea Block 14/30a was spudded on November 16, 2011.

Nautical's Kraken Passes Test in North Sea
Monday, September 26, 2011Nautical announced that the Kraken 9/02b-5Z horizontal well, located in UKCS North Sea Block 9/2b, has been successfully completed and tested.

Nautical Captures Kraken
Thursday, August 11, 2011Nautical announced that the Kraken 9/02b-5 pilot well has successfully encountered oil in the Heimdal III sandstone interval.

Nautical Spuds Kraken Appraisal Well
Wednesday, July 06, 2011Nautical announced that the drilling of the 9/02b-5 well has commenced on the Kraken discovery located on North Sea Block 9/2b.

EnCore, Partners Acquire North Sea License
Friday, July 01, 2011EnCore 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).

Nautical Finalizes Stake Acquisition in UKCS License
Friday, May 20, 2011Nautical Petroleum announced the completion of the acquisition of an additional 15% interest in UKCS License P1077 Blocks 9/2b and 9/2c.

Nautical Clinches Semisub for Kraken
Monday, March 14, 2011Nautical announced that a Rig Contract has been signed with Awilco for the next drilling activity on the Kraken discovery in UKCS Block 9/2b.

Nautical Boosts Oil in Place Estimate at Kraken
Friday, March 11, 2011Nautical announced new estimates of the stock tank oil initially in place in the Kraken accumulation, located in Block 9/2b and Block 9/1a.

Nautical Farms-In to Northern Irish License
Friday, March 04, 2011Nautical has acquired a 20 percent equity interest in License PL1/10 over the Central Larne-Lough Neagh Basin, onshore Northern Ireland.

Celtic Buys Back into Kraken Sidetrack
Wednesday, December 01, 2010Celtic has now bought back into the Kraken 9/02b-4z exploration sidetrack by payment of its share of costs.

Nautical, Statoil Finalize Mariner Sale
Thursday, November 04, 2010Nautical has completed the sale of a 20.67 percent interest in License P335 Block 9/11a, which contains the Mariner discovery, to Statoil.

Nautical Takes Stake in Nemo Discovery
Tuesday, September 28, 2010Nautical 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.

Nautical Secures Rig for Catcher Campaign
Monday, September 27, 2010Nautical 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.

Nautical IDs 74 Bcf of Gas in Marlin Prospect
Friday, September 24, 2010Nautical 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.

Statoil Buys Nautical's Stake in UK Mariner Field
Thursday, September 23, 2010Statoil will acquire 20.67% of Nautical Petroleum's interest in UK offshore license P335 containing the Mariner field.

Nautical Petroleum Strikes Additional Oil Pay at Kraken
Tuesday, September 21, 2010Nautical successfully encountered oil bearing sands in both the Heimdal Unit III and Heimdal Unit I reservoirs at the Kraken sidetrack.

Nautical Petroleum Encounters Net Pay in North Sea
Thursday, September 09, 2010Nautical Petroleum announced the results of the Kraken appraisal well located on UK Central North Sea block 9/2b.

Nautical Petroleum Spins Bit in North Sea
Friday, August 13, 2010Nautical Petroleum has begun appraisal work on its Kraken discovery in the 9/2b block in the UK North Sea.

Providence, Nautical Join Forces Offshore Ireland
Monday, April 26, 2010Providence has agreed to farm out a 40% equity interest in Licensing Option 10/1 to Nautical Petroleum.

Nautical Petroleum Gets 'Kraken'
Tuesday, April 06, 2010Nautical Petroleum announced that a Rig Agreement for the next drilling activity on the Kraken discovery in UKCS block 9/2b has been signed.

OHM to Conduct CSEM Survey for Kraken Appraisal in UK North Sea
Tuesday, May 26, 2009OHM 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.

Nautical Petroleum Extends Secured Bank Facility
Monday, April 06, 2009Nautical Petroleum successfully extended its £7.5 million secured facility with Bank of Scotland Plc, for a period of 3 years.

Nautical Makes Headway at Mariner, Kraken, Completes Farm-Out in 2008
Monday, March 23, 2009In 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.

Nautical Postpones Drilling North Sea's Hydra Prospect Until 2009
Thursday, November 13, 2008Nautical has postponed the planned drilling of the Hydra prospect until 2009 due to bad weather in the North Sea.

Nautical Creates Solid Asset Platform, Cites 2008 Drilling Ops
Thursday, October 16, 2008Nautical Petroleum has announced its final results and has issued a portfolio update for the year ended June 30, 2008.

Nautical Names New Chief Financial Officer
Wednesday, October 15, 2008Nautical 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.

Nautical Underscores 9/2b-1 Well Results, Still Positive about Kraken
Friday, October 10, 2008Nautical 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.

Revus Farms-In to 2 UK Central North Sea Blocks
Monday, September 29, 2008Revus 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.

Nautical, Partners Spud Second Kraken Well in UK North Sea
Monday, September 22, 2008Nautical Petroleum has announced that the Kraken appraisal well 9/2b-3 spudded on September 21, 2008 using the Sedco 704 drilling rig.

Nautical Nabs 3D Seismic, OBC Surveys for Mariner Discoveries
Tuesday, September 09, 2008Nautical 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.

Nautical Secures Rig Slot from Senergy to Drill on Hydra Prospect
Wednesday, August 06, 2008Nautical 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.

Nautical Wraps Up Kraken Farm-Out to Canamens
Monday, July 28, 2008Nautical 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.

Canamens Cinches Interest in North Sea's Kraken, Mariner
Wednesday, July 23, 2008Nautical 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.

Nautical Wraps Up Farm-Out Agreements with Canamens
Friday, July 18, 2008Nautical has completed the farm-out agreements announced on May 15, 2008, with Canamens (UK).

Nautical Drills Duster at Selkie Prospect
Tuesday, May 27, 2008Nautical Petroleum has announced that its 8/25a-1 Selkie exploration well is dry, probably due to lack of top seal.

Nautical Teams Up with Canamens to Develop on the UKCS
Thursday, May 15, 2008Nautical 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.

Nautical Spuds Selkie Well in UKCS, Hopes High
Tuesday, May 13, 2008Nautical 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.

IEG Enters Binding SPA For Sale Of Interest To Shincheon
Monday, April 14, 2008IEG has sold 63,408,290 shares from its holding in Nautical for a consideration of UK7,926,036 (12.5 pence per share).

AGR Extends Rig Contract for Transocean Prospect
Tuesday, January 15, 2008Oil 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.

Risk-Averse Investors Shun Small Oil Cos, Boosting M&A
Thursday, December 13, 2007As 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.

Nautical Disappointed with Mermaid Results
Monday, December 10, 2007Well 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.

Nautical Spuds Mermaid Prospect
Tuesday, November 27, 2007Nautical Petroleum says that the Mermaid exploration well 9/11c-13 spudded on November 22, 2007.

Nautical Successfully Appraises Kraken Well
Friday, November 16, 2007Nautical 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.

Canamens to Take 25% Interest in North Sea Block 9/2b
Wednesday, October 31, 2007Nautical 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.