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Proactive Oil & Gas highlights: Diversified Gas & Oil PLC, 88 Energy Ltd, Tullow Oil PLC, Mosman Oil and Gas Ltd, ADM Energy PLC, Canadian Overseas Petroleum Ltd, Jersey Oil and Gas PLC, United Oil & Gas PLC

Follow Jamie on: Proactive Oil & Gas highlights: DGOC, 88 Energy, Tullow, Mosman, ADM Energy, Canadian Overseas Petroleum, Jersey, United Oil & Gas It was another active week in the junior oil and gas sector. Diversified Gas & Oil PLC (LON:DGOC) acquired a package of assets in Louisiana, marking its first deal in a newly identified ‘central’ regional focus area (RFA). The company is paying US$135mln for upstream assets and related facilities from Indigo Minerals LLC. The package, referred to as Cotton Valley, includes some 16,000 barrels oil equivalent per day (boepd) of production across 780 net operated wells. It is host to around 50mln barrels of proved-developed-producing (PDP) reserves. And the company highlighted that the operations benefit from Gulf Coast pricing, which the company noted means higher realisations.

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ADM Energy present transformational deal for Barracuda acquisition

ADM Energy present transformational deal for Barracuda acquisition ADM Energy PLC s (LON:ADME) Thato Mngomezulu tells Proactive London their transformational agreement for a controlling interest in a Risk Sharing Agreement for the development of the large-scale Barracuda Field, in OML 141 located in swamp and shallow water offshore Nigeria. The company now owns a 51% interest in the K.O.N.H. UK Limited vehicle which in turn owns 70% of Barracuda. It will provide technical and financial support to the consortium and will receive favourable accelerated economic terms plus a 15% net profit interest in the field. Quick facts: ADM Energy PLC Follow

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ADM Energy PLC: Completion of Barracuda Field Transaction

ADM Energy PLC: Completion of Barracuda Field Transaction
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ADM completes Barracuda buy - News for the Oil and Gas Sector

ADM completes Barracuda buy - News for the Oil and Gas Sector
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Investegate |ADM Energy PLC Announcements | ADM Energy PLC: Completion of Barracuda Field Transaction

Investegate |ADM Energy PLC Announcements | ADM Energy PLC: Completion of Barracuda Field Transaction
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