Cairn Energy (LON:CNE) has started drilling on two wells offshore Greenland, embarking on one of the main stages of its 2011 exploration campaign.
The AT-7 well in the Atammik block, around 160 kilometres offshore Nuuk in west Greenland and the LF-7 well in the Lady Franklin block 300 kilometres offshore Nuuk, have now both started operating.
Edenville Energy (LON:EDL) reported its final results for 2010, during which it was readmitted to trading on the AIM market and acquired “highly promising prospecting licenses”.
“Our primary goal is the continued delineation and drilling at the Rukwa coalfield project, whilst identifying opportunities for new joint-ventures and further growth throughout the coming year,” said chairman of Edenville Simon Rollason.
The company raised £1 million in a fundraising in March 2010 and had assets of £8.03 million, up from £0.75 million in 2009. Post period, Edenville raised another £1.5 million in January.
Empyrean Energy (LON:EME) said today that revenue from its USA based production assets including the Sugarloaf Project, Hercules Project and Riverbend Project over the last six months totalled US$1.07 million.
Sunrise Resources (LON:SRES) has allotted and issued 1 million shares pursuant to the exercise of warrants at a price of 0.675p to Mr Gordon Salo, owner of the Long Lake project claims in Sudbury, Canada, where Sunrise holds exploration rights.
EnCore Oil (LON:EO) said it will need to conduct further appraisal drilling in order to understand the potential of the two Channel systems it has found at its Cladhan discovery now that it has completed its initial four-well drill programme.
RIT Capital Partners (LON:RCP) reported that in the year to 31 March 2011, its net asset value (NAV) appreciated by 9.3 percent to 1,289.4 pence. It noted that the MSCI World Index in Sterling, the most relevant benchmark, rose by 5.2 percent and the FTSE All-Share Index rose by 5.4 percent over this period.
Aminex (LON:AEX) said this morning its Sunny Ernst-2 well in Galveston County, Texas, is currently producing 8.1 million cubic feet of gas a day and 345 barrels of condensate, or the equivalent of 1,695 barrels of oil.
The hydrocarbons were recovered from the recently-perforated ‘S’ sands, and there has been no significant decline in pressure.