News

Drilling Update

Drilling Update inv.adminuser Wed, 02/15/2006 – 00:00 16 Feb 2006 Premier announces that the Macan Tutul – 1 exploration well in the Natuna Sea Block A licence has reached a total depth of 9950′ in order to evaluate deeper reservoir objectives in the Middle and Lower Arang sandstones. Wireline logs have identified the presence of hydrocarbons in this section of hole, although preliminary evaluation suggests that these intervals are tight.

Chesapeake Energy Corporation Provides Update on Its Oil and Natural Gas Hedging Positions

OKLAHOMA CITY, Feb. 13 /PRNewswire-FirstCall/ — Chesapeake Energy Corporation (NYSE: CHK) today provided an update on its oil and natural gas hedging positions. During the past month, the company has increased its hedging positions and has now hedged 71%, 36% and 22% of its anticipated 2006, 2007 and 2008 natural gas production through swaps at NYMEX prices of $9.43 per mmbtu, $9.85 per mmbtu and $9.10 per mmbtu, respectively. In

BlueStone Natural Resources Formed

February 2006 – Tulsa, OK BlueStone Natural Resources was formed in February, 2006 utilizing funds from the Management Team and Natural Gas Partners. Some members of the BlueStone Management Team previously partnered with Natural Gas Partners to form AXIO Natural Resources in 2003. AXIO Natural Resources was sold to Chesapeake earlier this year. The company […] The post BlueStone Natural Resources Formed appeared first on Bluestone Natural Resources. Bluestone Natural

Mauritania Offshore Update - Notice of Dispute

Mauritania Offshore Update – Notice of Dispute inv.adminuser Fri, 02/03/2006 – 00:00 03 Feb 2006 Premier advises that the following release regarding disputed amendments was made earlier today by Woodside Petroleum Ltd. The disputed amendments refer to the following offshore production sharing contracts (“PSC”): PSC-A, PSC-B, Chinguetti Joint Venture, PSC-C Block 2, PSC-C Block 6. Premier holds a 4.62% stake in PSC-A and a 9.23% stake in PSC-B and has

Chesapeake Energy Corporation Announces Private Offering of $500 Million Senior Notes

OKLAHOMA CITY, Jan. 30 /PRNewswire-FirstCall/ — Chesapeake Energy Corporation (NYSE: CHK) today announced that it is commencing a private placement offering to eligible purchasers of an additional $500 million of its existing 6.5% Senior Notes due 2017. The notes issued in this offering will be issued under the indenture dated as of August 16, 2005. The notes are expected to be eligible for resale under Rule 144A. The private offering,

Drilling Update

Drilling Update inv.adminuser Tue, 01/31/2006 – 00:00 31 Jan 2006 Indonesia Premier is pleased to announce a gas discovery in Indonesia with its operated Macan Tutul-1 exploration well, in the Natuna Sea Block A licence. The well is located approximately 12 km southeast of the Premier operated Anoa field. In line with our pre-drill targets, the gas is in the Upper and Middle Arang sandstones. Casing is being set before