By John Lee. Oryx Petroleum Corporation has announced that it has changed its name to Forza Petroleum Limited. 2021 Budgeted Capital Expenditures Budgeted capital expenditures for 2021 are $51 million and dedicated exclusively to the Hawler license area. The planned work program involves drilling five new wells into proven, producing reservoirs and reservoirs still being […]
Oryx Petroleum Corporation has announced that the Corporation's two largest shareholders have informed the Corporation that Zeg Oil and Gas Ltd. acquired control of the Corporation from AOG Upstream BV on July 23, 2020 in the context of the previously announced transaction. The acquisition was conditional upon and subsequent to the closing of the Loan […]
Oryx Petroleum Corporation Limited and Zeg Oil and Gas Ltd have announced that they have entered into a definitive agreement whereby Zeg Oil has subscribed for and been issued 75.7 million common shares of the Corporation for consideration of $30 million. In addition, Oryx Petroleum intends to contract with an affiliate of Zeg Oil for […]
Oryx Petroleum has announced that it has resumed drilling activities at the Demir Dagh field in the Hawler licence area in the Kurdistan Region of Iraq and that it has agreed with the vendor of OP Hawler Kurdistan Limited, the subsidiary of the Corporation that holds interests in the Hawler license area, to restructure the […]
Oryx Petroleum has announced its financial and operational results for the three and nine months ended September 30, 2015 and its capital expenditure budget for 2016. All dollar amounts set forth in this news release are in United States dollars, except where otherwise indicated. Financial Highlights: Total revenues of $4.2 million on working interest sales […]
Oryx Petroleum has announced an update on its 2015 capital expenditure plans and funding. Highlights: A 2015 capital expenditure forecast of $140 million a 60% reduction against the budget of $350 million set in November 2014 includes a 30% reduction in general and administrative costs Capital expenditures to be focused on production activities in the […]
By John Lee. Oryx Petroleum Corporation has announced an update regarding production, sales and development activities for the Hawler license area in the Kurdistan Region of Iraq (“KRI”). Highlights: Gross (100%) oil production: - December 2014 average of 3,900 bbl/d with a daily peak of approximately 8,500 bbl - January 2015 average of 3,100 bbl/d […]
By John Lee. Oryx Petroleum has announced an appraisal drilling update for the Demir Dagh field in the Hawler license area in the Kurdistan Region of Iraq, including test results for the Demir Dagh-7 and Demir Dagh-8 appraisal wells (“DD-7” and “DD-8”, respectively). Oryx Petroleum is the operator and has a 65% participating and working […]
By John Lee. Oryx Petroleum Corporation announced a production and drilling update on Monday for the Demir Dagh field in the Hawler license area in the Kurdistan Region of Iraq, including test results for the Demir Dagh-6 appraisal well (“DD-6”). Oryx Petroleum is the operator and has a 65% participating and working interest in the […]
By John Lee. Oryx Petroleum Corporation Limited has announced that it has sold its first offtakes of crude oil into the domestic market from the Demir Dagh field in the Hawler license area in the Kurdistan Region of Iraq. Oryx Petroleum is the operator and has a 65 percent participating and working interest in the […]
By John Lee. Oryx Petroleum has announced two positive updates on its operations in the Hawler license area in Iraqi Kurdistan, in which the company has a 65 perccent participating and working interest: Testing of the DD-4 appraisal well on the Demir Dagh field achieved expected flow rates and confirmed reservoir and fluid characteristics. Henry Legarre […]
By John Lee. The South Korean news agency Yonhap reports that there has been a "significant" oil discovery in the Hawler field in Iraqi Kurdistan. State-run Korean National Oil Corporation (KNOC), which owns 20 percent of the field, said it yielded 10,000 barrels per day during initial testing. Swiss company Oryx Petroleum has a 65 […]
