Recently added articles from Hart's Petroleum Finance Week:

SMALL-CAP E&PS OFFER BIG REWARDS AT BIG RISKS

Feb 14, 2005 ... Do small-cap exploration and production companies have what it takes to succeed in 2005, or will their outstanding performances last year be hard to repeat? That was uppermost in the minds of about 250 analysts, portfolio managers and individual investors who attended the inaugural Small-Cap ...

TRANSACTIONS AND OTHER NEWS

Feb 14, 2005 ... BreitBurn Energy LP, the U.S. subsidiary of Calgary-based Provident Energy Trust, plans to acquire privately held, U.S.-based Nautilus Resources LLC for US$77.6 million. Nautilus has operations focused in the Big Horn and Wind River basins of Wyoming and is currently producing approximately ...

SOURCE: W&T OFFSHORE'S IPO AFFECTED BY MARKET VOLATILITY

Feb 14, 2005 ... Market interest in IPO shares of E&P company W&T Offshore Inc., Houston, (NYSE: WTI) was strong at pricing, but energy forecasts since then have affected the stock's price, says a source close to the deal. The IPO of 12.65 million shares was presold Jan. 27 at $19 per ...

PRESSURED OIL: GOOD SHORT-TERM NEWS FOR EQUITY MARKETS?

Feb 14, 2005 ... Deutsche Bank equity analyst Paul Sankey reports that a number of factors have alleviated major short-term pressure on oil supply. "There has been no security-related outage to Southern Iraqi oil exports since last August," Sankey says. There is also "the relative success of the ...

CANADIAN TRUSTS TO BECOME PART OF THE TORONTO INDEX

Feb 14, 2005 ... Standard & Poor's has decided to include Canadian income trusts in the S&P/TSX Composite Index. S&P will provide a parallel index that excludes the trusts, but the composite index will continue to be considered the broad benchmark index for the Toronto Stock Exchange. ...

ARE SEC GUIDELINES PAVING A ROCKY ROAD FOR SHELL ?

Feb 14, 2005 ... While much of the media has grown comfortable shaking its head in disapproval at each new press release from Shell (NYSE: RD), analyst Derek Butter at Wood Mackenzie says the company's latest reserves re- categorization wasn't like the rest. He also has some concerns about the consistency ...

RECENT FINANCINGS

Feb 14, 2005 ... EQUITY: Advantage Energy Income Fund/Toronto: AVN/Calgary : C$113 million : Privately placed 5.25 million units at C$21.65 each to pay down debt incurred in the acquisition of Defiant Energy Corp., for 2005 capital expenditures and for general corporate purposes. The offering was led by ...

INSIDER TRADING

Feb 14, 2005 ... The following insider trades--stock sales by company insiders or significant stockholders--were filed during the past week in Form 144 submissions to the U.S. Securities and Exchange Commission. Bertie Taylor Ticker: APA Company: Apache Date : 4-Feb Seller's Name: Floyd ...

ET CETERA--STARTUPS, COMMENTS, PEOPLE AND MORE

Feb 14, 2005 ... ON THE MOVE: Warren Resources Inc., New York, (Nasdaq: WRES) has appointed Steven M. Buchanan vice president and general manager, California, and Steve Liles manager of operations, California. Buchanan was manager of engineering for California-based Stocker Resources Inc., a ...

UPSTREAM CAPITAL SOURCES

Feb 14, 2005 ... I=Investment Banking. C=Commercial Banking. M=Mezzanine. P=Private Equity/Debt. A=Arranger/Advisor New/updated entries are in bold print. To be listed here or to update a listing, call 713-993-9325 Ext. 107. A listing is free. Primary Capital Type: P Firm: AIG Financial ...

POGO'S STRATEGIC ALTERNATIVES PLAN HAS ANALYSTS ON EDGE

Feb 07, 2005 ... Following the announcement that Pogo Producing Co. (NYSE: PPP) plans to launch several drastic strategic alternatives to strengthen operations, several analysts expressed cautious reassurance, while others responded with concern--and sharply reduced ratings. During the ...

TRANSACTIONS AND OTHER NEWS

Feb 07, 2005 ... Jefferies Group Inc., New York, (NYSE: JEF) has acquired M&A advisement firm Randall & Dewey, which has offices in Houston, London and Calgary. The combined firm's oil and gas business will operate as the Randall & Dewey division of Jefferies & Co. Inc., the ...

CANADIAN ENERGY FUND-RAISERS MAKE FOR RECORD YEAR--C$15.8 BILLION

Feb 07, 2005 ... Canadian energy companies raised C$15.8 billion in 2004--a new record, according to Brent Heinz, an associate with Calgary-based Sayer Securities Ltd. Bumped to the No. 2 slot is the C$11.5 billion of financings of 2003. And the record-setting in 2004 didn't end there, Heinz adds ...

LICENSES IN LIBYA: OCCIDENTAL COMES OUT ON TOP

Feb 07, 2005 ... Occidental (NYSE: OXY) succeeded in winning nine of the 15 licenses awarded in Libya's first licensing round last week. Oxy, along with the UAE's Liwa, won rights to five onshore blocks, with a 90% stake, one in the Cyrenaican Basin and two each in Murzuk and Sirte, and 35% stakes in four ...

WHY CARE ABOUT SARBANES OXLEY?

Feb 07, 2005 ... The introduction of Sarbanes Oxley to the business world has left many energy executives grinding their teeth in frustration, but according to a panel of speakers at a recent energy trading and marketing conference at the University of Houston, the effects of SOX reach far beyond ...

FERC'S HEDERMAN: STORAGE KEY, NOW THAT EXCESS GAS SUPPLY IS GONE

Feb 07, 2005 ... FERC has a three-pronged strategy in its approach to natural gas storage, says Bill Hederman, director, office of market oversight and investigations, within the Federal Energy Regulatory Commission. "The three keys to our approach to storage are the need for adequate ...

RECENT FINANCINGS

Feb 07, 2005 ... Company/Exchange: Symbol/Headquarters: EQUITY Amount: Comments: Company/Exchange: Symbol/Headquarters: Maverick Oil and Gas Inc./ OTCBB: MVOG/London Amount: US$30 million Comments: Sold 15 million units at US$2 each to fund further development of Texas projects in the Maverick Basin and ...

INSIDER TRADING

Feb 07, 2005 ... The following insider trades--stock sales by company insiders or significant stockholders--were filed during the past week in Form 144 submissions to the U.S. Securities and Exchange Commission. Bertie Taylor Ticker: APA Company: Apache Corp. Date : 2-Feb Seller's Name: ...

ET CETERA--STARTUPS, COMMENTS, PEOPLE AND MORE

Feb 07, 2005 ... ON THE MOVE: J. Ken Tillery, president of Willbros International Inc., a subsidiary of Willbros Group Inc., Houston, (NYSE: WG) has resigned after management learned that the tax authorities in one of its South American operating locations assessed its local subsidiary $2.5 million on a ...

UPSTREAM CAPITAL SOURCES

Feb 07, 2005 ... I=Investment Banking. C=Commercial Banking. M=Mezzanine. P=Private Equity/Debt. A=Arranger/Advisor New/updated entries are in bold print. To be listed here or to update a listing, call 713-993-9325 Ext. 107. A listing is free. Primary Capital Type: P Firm: AIG Financial ...