Oilex’s main project is in Gujarat’s Cambay Basin where the group is the first in India to deploy the horizontal drilling and fracking techniques used in North America to exploit unconventional oil and gas. Its Cambay 76H well came as close as you possibly can to banking a winner – but you get nothing in the binary world of oil and gas for coming close. 

East African oil and gas company Wentworth Resources has revealed it is in talks with a strategic partner to provide it with debt financing

According to an independent report the Eblana area contains an estimated 107mln barrels of in-place prospective resources, with recoverable contingent resources of 19mln barrels. .

Palm oil firm DekelOil is taking a short cut to cash generation, relying on local farmers to provide it with crops rather than waiting around for its own plants to mature. Broker Optiva Securities predicts the firm will be profitable from the get-go, making it undervalued in comparison with peers taking the long route to production.

The highlight of today’s update, according to Fastnet chairman Cathal Friel, is that it confirms the Deep Kinsale prospect to be just like Barryroe, only bigger.