Ramco Energy Company News

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Ramco Appoints New Non-Executive Director
Ramco has appointed Mark Nicholas Groves Gidney to the Board of Ramco as a Non-Executive Director with immediate effect.
8:00 PM EST | August 19, 2008
Ramco Finalizes Acquisition of Eagle, Issues New Shares
Ramco announced that the balance of the initial consideration relating to the acquisition of Eagle HC Limited is shortly due to be paid. In addition, the Company has issued, conditional on admission, 47,816 new ordinary shares.
8:00 PM EST | July 13, 2008
Ramco Snags Eagle HC for £1.25 million
Ramco announces the acquisition of Eagle HC Limited for an initial consideration of £1.25 million to be satisfied in Ramco shares.
8:00 PM EST | May 13, 2008
Ramco Raises Funds Through Lansdowne Stake Sale
Ramco Energy plc has raised £2.61 million (before expenses) through the sale of a proportion of its shareholding in its AIM listed subsidiary, Lansdowne Oil & Gas plc.
8:00 PM EST | June 26, 2007
Lansdowne Issues Prelim 2006 Results
Lansdowne Oil & Gas plc on Tuesday announced its maiden preliminary results for the year ended 31 December 2006.
8:00 PM EST | May 01, 2007
Ramco Reports Successful Conclusion of Texas Litigation
Ramco Energy plc announced a final favorable decision in the long-running Tenge lawsuit in Texas at the level of Texas’ highest court.
8:00 PM EST | April 22, 2007
Ramco Names Moar Finance Director
Ramco Energy plc ("Ramco"), the Aberdeen based independent exploration company, announces that it has appointed Christopher Gilbert Moar (aged 43) to the Board of Ramco as Finance Director with immediate effect.
7:00 PM EST | October 31, 2006
Ramco Receives Favorable Decision in Tenge Lawsuit
Ramco Energy has received another favorable decision in the long-running Tenge lawsuit in Texas.
8:00 PM EST | October 19, 2006
Ramco Raises £150,000 Working Capital from Share Placement
Ramco raised £150,000 through the issue of 1,352,780 new ordinary shares to supplement working capital.
8:00 PM EST | June 01, 2006
Lansdowne Oil & Gas to Seek Admission on AIM Market
Ramco reports that its subsidiary, Lansdowne Oil & Gas plc, is to seek admission of its ordinary shares to the AIM market, raising £1.6 million before expenses, based on a pre-admission valuation of £16.1 million.
8:00 PM EST | April 04, 2006
Ramco Secures Extensions for Irish Licenses
Ramco reports that the Irish Authorities have granted extensions to the licensing options over the Company's four Celtic Sea interests until December 31, 2006.
7:00 PM EST | February 21, 2006
Ramco Sells Stake in Seven Heads Gas Field to Marathon
Ramco Energy has concluded the sale of its 86.5% interest in the Seven Heads Gas Field for £5.7 million in cash to Marathon International Petroleum Hibernia Limited.
7:00 PM EST | February 01, 2006
Ramco Oil Services Acquired in Management Buy-Out
Ramco Oil Services Limited has been acquired from Ramco Energy plc in a £14.1 million management buy-out.
7:00 PM EST | December 19, 2005
Ramco Receives Extension on Irish Sea Licenses
Ramco Energy has received extensions to four of its Irish Licensing Options and to one of its major oil services contracts.
8:00 PM EST | June 21, 2005
Ramco Reaches Agreement with Lenders; Raises £1 Through Placement
Ramco Energy has concluded extended waiver agreements with both its Bankers and a major creditor.
8:00 PM EST | June 19, 2005
Ramco & Hellenic Restructure Relationship Offshore Montenegr
Ramco Energy's wholly owned subsidiaries Medusa (Montenegro) Limited and Medusa Oil & Gas Limited have reached agreement to restructure their exploration interests in the Adriatic Sea offshore Montenegro.
7:00 PM EST | February 14, 2005
Ramco & Partners Win Exploration License Offshore Ireland
Ramco Energy's subsidiary, Ramco Donegal Limited and its partners have been granted a frontier exploration license (1/05) over 408 sq km (101,000 acres) around 70 kms from the north western coast of Ireland. The license covers Block 13/7 and part blocks 13/11 and 13/12.
7:00 PM EST | January 30, 2005
Ramco Completes Technical Review of Seven Heads Field
A comprehensive technical review of the geophysical, geological and recent production data from the Seven Heads gas field has been completed and assessed by the Seven Heads partners, RSHL's Bankers and the Petroleum Affairs Division of the Irish Government.
7:00 PM EST | January 13, 2005
Ramco Adds Exploration Acreage Offshore Montenegro
Ramco Energy's wholly owned subsidiary Medusa (Montenegro) Limited has joined Jugopetrol Kotor and Hellenic Petroleum S.A. of Greece in the Prevlaka exploration blocks 1 and 2 offshore Montenegro.
8:00 PM EST | October 14, 2004
Ramco Updates Status of Seven Heads Field
Ramco Energy announces an update for the Seven Heads Gas Field in the Celtic Sea.
8:00 PM EST | August 05, 2004
Ramco Releases Seven Heads Update
Ramco Energy has released an update for the Seven Heads Gas Field in the Celtic Sea, and its related financial impact on the Group.
8:00 PM EST | May 19, 2004
Ramco Grants Farm Out Option Over Seven Heads Oil Potential
Ramco has granted a farm out option over its Seven Heads Oil Licensing Option (03/5) to Island Assets Limited.
8:00 PM EST | May 12, 2004
Ramco Says Tests Indicate Lower Reserves at Seven Heads Fiel
Ramco has completed the well performance diagnostic program on the Seven Heads Field.
7:00 PM EST | March 24, 2004
Ramco Still Experiencing Technical Problems at Seven Heads
Ramco Energy reports that since February 6th, wellhead pressures at the Seven Head Field have declined further; the average daily production rate from the field over the past 25 days of uninterrupted production was 44.4 mmscf/d, with production on March 1st at 40.4 mmscf/d.
7:00 PM EST | March 02, 2004
Ramco: Seven Heads Production Update
Ramco Energy provides an update on the production status of the Seven Heads Field located offshore Ireland.
7:00 PM EST | February 05, 2004
Anglo-Dutch Wins Judgment Against Halliburton & Ramco
A Texas District Court delivered its Final Judgment in the lawsuit by Anglo-Dutch Petroleum International, Inc. and Anglo-Dutch (Tenge) LLC against Halliburton Energy Services Inc., and Scottish based Ramco Energy plc, and Ramco Oil Ltd. for violating confidentiality contracts.
7:00 PM EST | January 21, 2004
Seven Heads Commissioning Complete
Ramco Energy reports that the Seven Heads Gas field, which came on stream last Saturday has successfully completed its short commissioning period.
7:00 PM EST | December 21, 2003
Ramco Begins Production at Seven Heads Gas Field
Ramco Energy announces that the Seven Heads gas field in the Celtic Sea has been successfully brought into production.
7:00 PM EST | December 14, 2003
Ramco Energy Adds to Celtic Sea Acreage
Ramco Energy has raised funds through an institutional placing of new shares to enable the company to evaulate Celtic Sea acreage located near its Seven Heads Development.
8:00 PM EST | September 30, 2003
Ramco Reports Preliminary Reserve Estimates for Seven Heads
Ramco Energy has announced a preliminary upgrade to the proven and probable reserves in the Seven Heads field.
8:00 PM EST | August 26, 2003
Ramco Completes Two More Seven Heads Wells
Ramco Energy has successfully completed drilling and testing two further wells in the Seven Heads project.
8:00 PM EST | July 21, 2003
Ramco Completes 2nd Seven Heads Production Well
Ramco Energy has successfully completed the drilling and testing of well 48/24-7A. This is the second production well completed this year, part of a six well program which will see the field in production before the end of the year.
8:00 PM EST | June 19, 2003
Ramco & Hellenic Form JV to Explore Offshore Montenegro
Ramco Energy and Hellenic Petroleum have formed a joint venture for the exploration of their extensive acreage offshore Montenegro.
8:00 PM EST | May 27, 2003
Ramco Awarded Two More Irish Licenses
Ramco Energy has been granted a Licensing Option over parts of Blocks 49/11 and 49/12 in its core North Celtic Sea area offshore Ireland.
8:00 PM EST | April 27, 2003
Ramco Pleased with Seven Heads Flow Tests
Ramco Energy said that flow tests from the first production well, 48/24-6, at its Seven Heads gas field off the west coast of Ireland were better than expected.
8:00 PM EST | April 15, 2003