TAG Oil Ltd. provided the following update on drilling progress of the BED4-T100 (T100) horizontal well in the Badr Oil Field (BED-1) in the Western Desert of Egypt. As reported in the November 15 update, drilling continued from the intermediate cased section of the well and reached a measured depth of 3,312 meters in the […]

APA Corporation (APA) and Callon Petroleum Company (Callon) have entered into a definitive agreement under which APA will acquire Callon in an all-stock transaction valued at approximately $4.5 billion, inclusive of Callon’s net debt. Under the terms of the transaction, each share of Callon common stock will be exchanged for a fixed ratio of 1.0425 […]

United Oil & Gas provided an update on the ASD S-1X exploration well on the ASD South prospect in the Abu Sennan license, onshore Egypt, operated by partner Kuwait Energy Egypt. The ASD S-1X exploration well commenced drilling on November 11 and reached a total depth of 3,450 meters on December 12, ahead of schedule […]