Proactiveinvestors Australia

The award of WA-485-P locks in a potential extension of the M.australis horizon oil play that IPB Petroleum plans to test in mid-July. Success will add to the prospectivity and value of the new permit.

With the completion of well in one of the thickest Lower Forest pay sections encountered to date, drilling of new wells and workovers of existing wells, Range Resources is making strides in ramping up oil production from its Trinidad operations.

An Independent Report by RPS Energy Services has defined the strong in-place potential for multiple billion barrels of oil and trillion cubic feet of gas to be contained within the various unconventional reservoirs in Empire Oil and Gas’ onshore Perth Basin Permits.

The start of water injection at Elk Petroleum’s Grieve Enhanced Oil Recovery Project in Wyoming has the potential to achieve first oil earlier than expected by accelerating the re-pressurising of the Grieve Muddy oil reservoir.

The early oil shows at SRH-5H--the first horizontal well at Golden Gate Petroleum's Permian project in Texas--reaffirms the oil prospectivity of the Wolfcamp Interval and could be the harbinger of oil potential at other wells in the project area. The use of Halliburton's Perm Stim frac fluid could aid in greater oil recovery.