British explorer Europa Oil and Gas has launched a farm-out process for three of its licences located off the west coast, comprising half of its Irish-based assets.

Irish oil and gas explorer PetroNeft Resources is considering selling one of its two Russian-based licensing blocks as it looks to firm up long-term financing.

Irish exploration firm PetroNeft Resources has reported an 8% reduction in full-year losses and said that pending drilling activity could show a material rise in reserves at its flagship asset in Siberia.

Irish explorer PetroNeft Resources has struck a deal that ensures an activist shareholder cannot vote against the board at any general meeting for two years.

Activist investor Natlata Partners has reiterated its call for an overhaul of Irish exploration firm PetroNeft Resources’ board of directors.

Latest drilling at the flagship Algerian asset of troubled Irish exploration firm Petroceltic has indicated further potentially significant gas reserves.

Tullow Oil has reiterated its full-year production guidance of 72,000-78,000 barrels of oil equivalent per day after confirming that its flagship project has returned to full output levels.

Strong results from recent drilling activity has boosted PetroNeft Resources’ current production rate by 20%; with the Irish explorer also suggesting one of its key fields is likely to be larger than initially thought.

Irish exploration firm, PetroNeft Resources has reported a full-year, pre-tax loss of just under $8.4m (€7.5m) for 2014, down by around 27% on the previous year’s $11.5m total.

Falcon Oil & Gas, the Dublin-headquartered unconventional exploration firm, has reported a near 64% slashing of first-half losses.

Dublin-based exploration firm PetroNeft Resources has reported a 12% increase in annual revenues, with production levels rising 8% during 2013.

Shareholders in Irish exploration firm, Petroneft Resources, illustrated their support for the company’s management yesterday by overwhelmingly voting in favour of the firm’s recent farm-out agreement and unanimously opposing a hostile takeover approach from another investor.

Dragon Oil is planning to spend $1.5bn (€1.1bn) on infrastructure and drilling activities over the next two years, with the aim to reach a production target of 100,000 barrels of oil per day by late 2015.

Irish exploration company Petroneft Resources is close to concluding a farm-out of one of its main assets in Russia, with the transaction expected to be finalised before the end of March.

Irish explorer Petroneft Resources has said that progress on its refinancing and farm-out plans has proved slower than expected, but that work is continuing on both fronts.

Petroneft Resources has said it hopes to be in a position to update its shareholders on its refinancing plans in the coming weeks.

Petroneft Resources — the Irish explorer with a specific operational focus on Siberia — is planning to re-commence drilling activity “later this year“, depending on successful outcomes of current debt re-financing talks and farm-out discussions.

Irish exploration firm, Fastnet Oil & Gas is set to drill its maiden well — off the coast of Morocco — at the tail-end of next year.

Petroneft Resources — the Irish exploration company with a focus on the Russian market — has successfully raised $17.25m (€13.3m) via a share placing with institutional and other investors.

The oil firm PetroNeft Resources has provided an update of its operations in Russia which show that one of its wells has a flow rate of 540 barrels of oil per day (bopd).

Irish exploration company Petroneft Resources has entered talks with interested parties regarding the farm-out of an equity stake in one of its producing licences in the Russian region of Tomsk.

The ISEQ index of Irish shares closed up 58.70 points to 2,960.52, a rise of 2.02%.

DUBLIN-headquartered oil and gas exploration firm Petroneft Resources managed to cut its losses by $1.4 million (€1.13m) in 2009, according to its latest set of annual results.

IRISH oil and gas exploration company Petroneft Resources is actively looking at potential acquisition opportunities in its core geographical market of Siberia in central Russia.

PetroNeft Resources has today announced that it has signed an Initial US$5m (€3.7m) debt facility with Macquarie Bank Limited.

Irish-based energy company PetroNeft Resources plc has today issued an update on its operations in Russia.

Irish oil & gas firm PetroNeft Resources has secured funding of $27.5m at its EGM to enable the company begin full production in the second quarter of 2010.

The Irish Stock Exchange (ISE) says it enjoyed one of its best-ever years last year.

THE ISEQ Index closed in positive territory yesterday. The Dublin exchange gained 20.99 to close at 8,938.14.

THE ISEQ continued its downward trend as financial and construction stocks weighed heavily on the index.