Drilling starts on the first well in the next programme, SNE-5, in late January and drilling on the SNE-6 will follow on after that.
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Chief executive James Parsons says the new acquisition gives the company a “hugely attractive, material and consolidated portfolio” across Eastern Morocco as well as significant additional upside.
Chief executive James Parsons says the proposed deal gives the company a “hugely attractive, material and consolidated portfolio” across Eastern Morocco.
It looks like another impressive result for the Tendrara gas project, onshore Morocco, and preparations are now underway for a new 'step out' appraisal well which will spud in February
The onshore UK oiler is re-entering the Brockham well to boost production and to assess the potential in zones that yielded better than expected results at the nearby Horse Hill well.
The palm oil producer also announced some decent production figures for 2016
Exploration director Angus McCoss describes the latest find onshore Kenya as an "exciting and bold discovery" as it unlocks a new area, in the northern portion of the South Lockichar basin.
Drilling is now underway on Hurricane's Halifax well, could this be the North Sea oiler's next success?
“This has already been a hugely successful drilling campaign for Hurricane and the Halifax Well marks an exciting opportunity with which to close it,” said Dr Robert Trice, Hurricane Energy chief executive.
Whilst the upfront cash payment doesn’t address too much of the debt, City analysts say the other element of the deal helps de-risk the group.
Some 710mln barrels of oil were estimated in the final portion of 88 Energy's assessment of Project Icewine's conventional exploration leads, it takes the inventory to 1.47bn barrels.
The rejection goes against the recommendation of the council's own planning officer, and City broker SP Angel suggests that councillors have overstepped their remit.
The outlook for oil production is positive, so is the price environment, but, investors in Premier are eagerly awaiting news of a refinancing.
“Circle's assets present an attractive opportunity to add material production and reserves at an attractive price,” says SDX Energy boss Paul Welch.
The company told investors that its output in West Africa was in-line with recent guidance during 2016, but in 2017 output will be less than prior expectations.
Serica Energy said that production has been strong since late August.
Today's £1.47mln injection follows a £5.1mln placing, announcing in November, which coincided with a farm-out deal that saw High Power Petroleum LLC take stakes in NOP’s assets in Canada, Italy and Australia
Toronto-listed oil and gas explorer Eco (Atlantic) Oil & Gas Ltd. shares jumped 8% on Monday after the company said it intends to list on London’s AIM exchange later this month
DNO and Genel are now considering the possibility of early production from Peshkabir, which is part of the Tawke production share contract area.
The deal will see it supply surface wellhead and mudline equipment services for jack-up exploration wells in the Norwegian sector of the North Sea.
“I am pleased to mark the beginning of 2017 with a positive update and refreshed independent analyses of Highlands' core projects," said chief executive Robert Price.
To say 2017 has already been volatile for InfraStrata investors would be an understatement
Tendrara is obviously most people's focus but Badile was always a significant prize for Sound Energy and investors will be watching excitedly.
The Kurdistan based oil producer – which was recently rumour to be the subject of Chinese takeover interest - is one of five companies deemed by Peel Hunt to have a sensible mix of asset quality and balance sheet strength.
The 12-month facility, which carries a 6% interest rate on drawn funds, will cover the firm’s working capital requirements.