Tag Archives | Hunt Oil

Afren Falls on Management Statement

By John Lee. Shares in oil explorer Afren fell by more than 5 percent on Thursday morning as the company’s output failed to meet expectations due to installation delays, repair work and adverse weather. In its Interim Management Statement, the company gave the following update on its operations in Iraq: “On 2 October 2014, Afren […]

Afren Resumes Operations at Barda Rash

By John Lee. Afren has announced that, following an improvement in the security situation in the border region of the Kurdistan Region of Iraq, it has begun the process of returning staffing levels to normal at the Barda Rash field with a view to resuming drilling and production activities as soon as possible with the […]

Afren Updates on Iraqi Operations

By John Lee. Shares in Afren were trading up more than 3 percent on Thursday afternoon following the release of the company’s Interim Management Statement, which included the following update on its Iraqi operations: Barda Rash On 8 July 2013 Afren commenced preliminary crude oil sales from the Barda Rash PSC to the local market. […]

Afren Shares Up on Interim Mgt Statement

Shares in Afren have risen more than 5 percent since the publication of its Interim Management Statement on Thursday. In the statement, the company gave the following update on its operations in Iraqi Kurdistan: Barda Rash As part of the phased development of the field, Afren initiated production operations in August 2012 producing its first […]

Afren Announces Positive Test Results

Afren has announces an update on the on-going testing programme on the Hunt Oil Middle East (HOME) operated Simrit-2 well, yielding incremental flow rates of 5,368 bopd, with a cumulative rate of 18,952 bopd from six of the 12 zones tested. Following the conclusion of drilling operations at the Simrit-2 well, located on the northern […]

Afren Shares Up on Trading Statement

By John Lee. Afren plc‘s trading statement and operations update includes the following review of its activities in Iraqi Kurdistan. Shares in the company closed up 2.7 percent: Barda Rash Having commenced an extensive testing programme at the BR-1 well in July 2012 and establishing oil rates in excess of 6,000 bopd of 28° to […]

Dunia Weekly Iraq Market Tracker

Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]

Afren Jumps on Kurdistan Oil Find

Shares in Afren jumped more than 10% in early trading, before falling back slightly, following the company’s announcement that the high impact Simrit-2 exploration well, located on the Ain Sifni PSC in the Kurdistan region of Iraq, has discovered a significant oil accumulation based on the results of drilling, wireline logs and sidewall core sampling. […]

Afren Updates on Kurdistan Operations; Shares Rise

As part of its interim management statement, Afren plc has issued an update on its operations in Iraqi Kurdistan. The shares are up 11% since the statement: On 2nd November, the Company announced completion of the acquisition of a 60% operated interested interest in the Barda Rash PSC and 20% non-operated interest in the Ain […]

Hunt Oil Signed KRG Deal ‘Despite US Warning’

Hunt Oil Co. was warned before it signed a contract with the Kurdish government in Iraq that it might not be dealing in Kurdish territory, UPI reports. The Dallas-based energy company signed a production-sharing contract (PSC) with the Kurdistan Regional Government (KRG) in 2007. It was warned by the U.S. Embassy in Baghdad that the […]

US Missing Out On Business Opportunities in Iraqi Kurdistan

In a letter to the Editor of the Washington Times, Harry Schute Jr., a retired U.S. Army Reserve colonel with extensive experience in Iraq, and currently a consulting adviser to the Kurdistan Regional Government (KRG), says American firms are missing out on opportunities in Iraqi Kurdistan. Of the 850 international firms taking part in the […]