Dorado-3 well has been designed to enhance confidence in the subsurface characteristics and confirm reservoir productivity.
Showing 25 of 4200
The Wizard Lake development program commenced with the spudding of the Rex-1 well in November 2018.
The water treatment skid required to start the trials has been delivered to site.
The well is targeting the same Cretaceous Rex sands producing at Rex-1.
MD: “The independently evaluated best case estimate of 162 million barrels for the Dorado liquids resource confirms we have discovered a very large field and a significant asset on the North West Shelf.”
Perth-based broker Euroz sees the recent pullback in the share price as a buying opportunity for investors.
The Kvanefjeld Project is underpinned by the largest JORC‐compliant rare earth resource globally.
The company is looking to expand its portfolio with additional prospective oil properties.
The company is focused on a buy-low, sell-high land and leasing model in the SCOOP and STACK plays of Oklahoma’s Anadarko Basin.
The drilling program is expected to double field production capacity, up from 700 barrels of oil per day (bopd) to about 1,400 bopd.
The company is focused on core operated development units in the SWISH AOI within the SCOOP Play.
The majority of target fields in Brazil are within a half day sail of the major gas markets of Rio de Janeiro and São Paulo.
An LOI has been executed with leading Chinese shipyard Yantai CIMC Raffles Offshore Ltd to build the ships.
The well has primary objectives in the Caley, Baxter, Crespin and Milne members of the Lower Keraudren Formation.
Whitebark plans to drill two new Wizard Lake wells in the December half with Rex-2 to be spud in August.
The company’s share of revenue from the May 23 lifting from Wyndham port amounts to A$3.52 million.
The proposed farm-out is evidently moving forward, as the potential new partner has completed internal approvals.
The first area being targeted is in the west of the licence area 50km from Retortillo. This area has previously been mined for tin and high-grade lithium and has reported significant cobalt anomalies.
The next Rex-2 oil well remains on track to spud in late-July 2019.
Roc South-1 is targeting similar structure and hydrocarbons to Dorado.
The Kvanefjeld Project has a +1 billion tonne multi‐element resource, which is the largest rare earth oxide inventory under JORC code.
The field continues to generate positive cash contributions to the business with field operating costs below US$25 per barrel.
The Rex-2 oil well remains on track to spud from late-July to mid-August 2019.
The company expects to finalise two shipyard construction contracts for the CNG Optimum 200 Ship this month.
The Dorado-2 appraisal well has highlighted the potential for Carnarvon to transform into a significant producer.