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Tag: Beach Energy

Rockhopper Exploration provides corporate update

Posted: December 20, 2016 at 2:15 pm   /   Oil & Gas

AIM-listed Rockhopper Exploration, the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, has provided the following corporate update. Highlights: Economic production* from Egypt and Italy for the year ended 31 December 2016 expected to average approximately 1,350 boepd net to Rockhopper. Group economic production: Following completion […]

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Rockhopper completes acquisition of Beach's production and exploration assets in Egypt

Posted: August 16, 2016 at 9:13 pm   /   Oil & Gas

AIM-listed Rockhopper Exploration has completed the acquisition of Beach Petroleum (Egypt) announced on 18 April 2016. Beach Egypt holds a 22% interest in the Abu Sennan concession and a 25% interest in the El Qa’a Plain concession. Highlights • Cash consideration for the Acquisition of US$11.9 million based on a cash effective date of 1 […]

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Kuwait Energy drills successful exploration well in Egypt's Abu Sennan Concession

Posted: July 6, 2016 at 2:51 pm   /   Oil & Gas

Joint Venture partner Beach Energy reports that the Kuwait Energy-operated Al Jahraa SE-1X oil exploration well in the Abu Sennan Concession onshore Egypt is currently being tested, having intersected approx. 16.4 metres of net pay within the target Abu Roash ‘C’ Member, secondary Abu Roash ‘E’ Member and secondary Upper Bahariya Formation. The well is […]

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Egypt’s upstream opportunities (Interview with Beach Petroleum Egypt Country Manager)

Posted: May 29, 2016 at 7:39 pm   /   Oil & Gas

Samir Abdelmoaty, the Egypt country manager of Beach Petroleum, talks to TOGY about the improvements needed in supply chain management and the main attractions for foreign investors in the Egyptian oil and gas market. Beach Energy is a junior E&P company that has the majority of its most prolific producing basins in Australia. In Egypt, […]

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Rockhopper Exploration acquires non-operated production and exploration assets in Egypt from Beach Energy

Posted: April 18, 2016 at 8:20 pm   /   Oil & Gas

Rockhopper Exploration plc, the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to announce amended terms for the acquisition of a portfolio of non-operated production and exploration interests in Egypt from Beach Energy Limited. The Company originally announced that it had agreed […]

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Beach Energy announces completion of merger with Drillsearch

Posted: March 1, 2016 at 1:37 pm   /   Oil & Gas

Beach Energy Limited is pleased to advise that all conditions relating to the scheme of arrangement to merge Beach and Drillsearch Energy Limited have been satisfied. As a result, the Scheme has been implemented and Drillsearch is now a wholly owned subsidiary of Beach. Issue of new Beach shares to Drillsearch shareholders will occur today, […]

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Beach Energy appoints new Chief Executive Officer

Posted: January 14, 2016 at 8:53 pm   /   Oil & Gas

Beach Energy Ltd is pleased to announce the appointment of Mr Matthew Kay as its new Chief Executive Officer, effective 17 July 2016 or such earlier date as is available and mutually agreed. Mr Kay holds tertiary qualifications in economics and a Master of Business Administration. He has over 25 years’ experience, and extensive senior […]

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Beach Energy's sale of Egypt's Abu Sennan interest to Rockhopper pre-empted

Posted: September 28, 2015 at 7:11 pm   /   Oil & Gas

As announced on 10 August 2015, Beach Energy entered into an agreement with Rockhopper Exploration in relation to the sale of its wholly-owned subsidiary, Beach Petroleum (Egypt), whose core asset is a 22% interest in the Abu Sennan Concession in Egypt. Completion was subject to satisfaction of certain conditions precedent, including waiver or non-exercise of […]

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Rockhopper Exploration acquires Beach Petroleum Egypt in $22 million deal

Posted: August 10, 2015 at 10:01 pm   /   Oil & Gas

Rockhopper Exploration plc, the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean and North Africa region, announced the acquisition of a portfolio of non-operated production and exploration interests in Egypt from Beach Energy Limited for a headline consideration of US$22.0 million. Highlights: Rockhopper to acquire […]

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