Contact Information
All enquiries to:
Rift Oil plc:
David Lees - Finance Director
020 7340 9970
RBC:
Andrew Smith,
+44 20 7653 4000
Related Documents
- RPS Energy Report
- Results of Wireline Logs - Gas and Oil Find at Puk Puk-1
The Directors of Rift are delighted to announce that Puk Puk 1 has now reached Target Depth and has been successful beyond our most optimistic expectations.
- Rift Finds Gas at PUK PUK-1
Rift Oil PLC (LSE : RIFT), is pleased to announce that drilling on its PUK PUK 1 exploration well in
PNG has now reached the upper reservoir objective at a depth of approximately 1760 metres,
significantly higher than originally expected. - Papua New Guinean Ministerial Consent Completes Agreement with Austral Pacific Energy Limited
On 23 May 2008, Rift announced that it had reached an out of court settlement with Austral resulting in the termination of the agreement between the two parties and Rift assuming 100% ownership of Licenses PPL 261 and PPL 235 and the Coral Sea Drilling Rig for a total payment of US$5m. Part of the settlement (US$3m) was dependent on PNG ministerial consent. Rift is delighted to announce that this consent has been granted and the final payment to Austral has been made, thereby concluding the termination of their joint venture arrangements.
- Signs Heads of Agreement (HOA) for a floating liquefaction project offshore Papua New Guinea
Rift Oil Plc (“Rift”), the oil and gas exploration company with assets in Papua New Guinea (“PNG”), is pleased to announce that the Company has signed a Heads of Agreement with FLEX LNG Ltd. (Oslo OTC: FLNG) where the parties will work together to commercialise the potential gas reserves from Rift’s acreage onshore PNG should sufficient reserves be established.
- Rift Assumes 100% Ownership of Papua New Guinea Assets
Rift Oil Plc (“Rift”), the oil and gas exploration company with assets in Papua New Guinea (“PNG”), has reached an out of court settlement with its partner, Austral Pacific Energy Limited (“Austral”).
- Drilling to commence at Puk Puk-1
Rift Oil Plc (“Rift”), the oil and gas exploration company with assets in Papua New Guinea (“PNG”), is pleased to advise that drilling of Puk Puk-1 will commence on 10th May 2008. This is a major milestone in the development and exploitation of the Douglas gas discovery area in PPL 235, PNG, via its wholly owned subsidiary, Foreland Oil Limited.
- Interim Report - for the six months ended 30 September 2007
- Rift Oil Plc -Twisting by the (Gas) Pool
Royal Bank of Canada Europe Limited - Rift Oil Report.
- RBC - Rift Oil Report
Royal Bank of Canada Europe Limited - Rift Oil Report, DECEMBER 11, 2007.
- Placing of up to 293,333,333 New Ordinary Shares
Rift Oil PLC (AIM : RIFT), the oil and gas exploration company with assets in Papua New Guinea, is pleased to announce a proposed placing to raise £11m.
- Preliminary Results for the Year ended 31 March 2007
Rift Oil PLC (AIM : RIFT), the oil and gas exploration company with assets in Papua New Guinea, is pleased to announce its preliminary results for the year ended 31 March 2007.
- Change of Broker and Nominated Adviser
Rift Oil PLC, announces the appointment of RBC Capital Markets (“RBC”) as Nominated Adviser and broker to the Company with immediate effect.
- Alcan release - 20 March 2007
Rift Oil PLC (LSE: RIFT), is pleased to announce that a non binding MOU with Alcan South Pacific has been concluded with its wholly owned subsidiary Foreland Oil Ltd.
- Share Placing Raises £1.425m
The Directors are pleased to announce that application will be made for admission to trading on AIM for 47,500,000 new ordinary shares of 1p each, to be allotted by way of subscription at 3p per share to raise £1,425,000.
- Douglas Gas-Condensate Field : 2007 Appraisal and Development Strategy
Douglas Gas-Condensate Field : 2007 Appraisal and Development Strategy
- Board Appointment
Rift Oil PLC is pleased to announce the appointment of Dr David John Bennett as a non-executive director to the Board of the Company with immediate effect.
- Accepted offer from the Ministry of Petroleum and Energy in Papua New Guinea
- Annual Report and Accounts 2006
- Preliminary Results for the Year ended 31 March 2006
Rift Oil PLC (AIM : RIFT), is pleased to announce its preliminary results for the year ended 31 March 2006.
- RIFT OIL PLC ANNOUNCES GAS DISCOVERY AT DOUGLAS-1 WELL
Rift Oil PLC (LSE : RIFT), is pleased to announce a gas discovery on the wildcat exploration well Douglas-1, located in the area PPL 235 of Papua New Guinea(“PNG”). Rift has a 65% interest and its joint venture partner, Austral Pacific Energy Ltd. a 35% interest in Douglas-1. The discovery has been deemed by the operator Austral Pacific Ltd. to warrant casing and production testing.
- Douglas-1 Update
Rift Oil PLC (LSE :RIFT), wishes to update the market concerning progress with the Douglas-1 exploration well in Papua New Guinea.
- Drilling Update
Drilling ahead at 1200 metres depth in Douglas-1, PPL 235, Papua New Guinea
- RIFT OIL PLC
Placing of 22,200,000 Ordinary Shares of 1p each at 5p per share Admission of the Enlarged Share Capital to trading on AIM