“To open up the well and have clean oil come to surface with no water meant the Gatwick Gusher gushed again – a lot earlier than we thought,” Lenigas said in exclusive interview with Proactive Investors’ Andrew Scott.
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The new Greenland government has outlined a supportive position toward mine development.
Joint venture partners Carnarvon and Quadrant Energy have recovered light oil from an excellent reservoir.
Results on track to deliver simpler, more efficient flotation circuit to reduce capital and operating costs.
An opportunity in the heart of Australia’s renowned onshore Cooper Basin.
As the well gets drilled deeper, thinner equipment is required.
88 Energy already has a substantial presence in Alaska thanks to its Icewine project, and it has now acquired a stake in four more leases in the state
The second exploration well at the Phoenix project has reached a measured depth of about 3,637 metres.
Previously drilled nearby wells have confirmed gas and condensate below the surface.
The well is located within the Canning Basin offshore Western Australia.
“Based on the pressures and flow rates, there is no indication of any impediment to flow through the perforations at this stage,” the company said in a statement
Earlier this week, the company commenced drilling the Dorado-1 well in the Canning Basin.
The Dorado-1 well is located within the Phoenix Project based offshore.
Developing an 8+ million tonnes per annum (mtpa) LNG export terminal in the Port of Lake Charles, Louisiana, U.S.
The Phoenix South-3 well is targeting the Caley Member at a depth of around 5,360 metres.
The Caley primary target is expected to be intersected at a depth of about 5,360 metres.
Shares in the company recently bounced off their 12-month low of 6.1 cents.
The Samo prospect in Block A2 is assessed by FAR to contain prospective resources of 825 million barrels of oil.
The transformational transaction strengthens the balance sheet and funds a multi-year exploration program, setting Buru up for future success through internal funding.
The Alaska-focussed explorer is preparing to restart the Icewine-2 well testing programme which aims to be a commercial test of the HRZ shale discovery
The well is expected to access gas and condensate in the Caley Member at a depth of about 5,300 metres.
FAR’s share price has been increasing along with the oil price and is trading near 12-month highs.
The oil price has more than doubled since early 2016 to over US$70 per barrel.
Existing shareholders are also being given the chance to participate in a share purchase offer to raise up to $4 million.
Investors are crossing days off the calendar as the second half of the Icewine-2 well programme looms following the arctic winter in Alaska