NiMin drums up $4M
NiMin Energy Corp., an independent oil company based in Carpinteria, has raised $4 million in a private placement with an Australian bank. NiMin owns and drills onshore oil fields near Bakersfield and in Wyoming and southern Louisiana. It said the money will go toward developing its assets near Bakersfield. NiMin said it sold 2.7 million Read More →
Venoco CEO offers to take firm private
[EDITOR’S NOTE: There’s an updated version of this story: “Venoco sued over CEO’s offer“] The CEO of oil and gas company Venoco wants to take the company private in a proposed buyback deal that would value the entire company at $734 million. Denver-based Venoco said Aug. 29 that CEO and Chairman Tim Marquez has offered Read More →
NiMin reports $3.8M profit
NiMin Energy Corp. earned $3.8 million, or 6 cents per share, in the second quarter of the year, swinging back to black after a $2.5 million loss in the same period a year ago.
Venoco drops Ellwood drilling plans
Venoco has dropped its plans to expand oil drilling from its Platform Holly off the coast of Santa Barbara County. In a brief letter sent to the California State Lands Commission on Nov. 9 and widely circulated by environmental groups on Nov. 16, Venoco said it “hereby withdraws its application for its Ellwood Full Field Read More →
