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Recent Sector News
The TGAL-1 well encountered 547 feet of net oil sands, containing high quality oil. The discovery is estimated to have between 50 and 100 mln barrels of gross original oil in place.
A formalised tie-up with Wood Group would represent the culmination of many months of hard work, in which Enegi's 50% owned associate ABT Oil & Gas has taken a promising conceptual idea and carved out an investable new business.
Enegi Oil has revealed that the oil field services giant Wood Group is contemplating an expanded role in a joint-venture designed unlock the potential of marginal fields.
Morocco–focused Longreach Oil and Gas (CVE:LOI) is set for an action-packed end to the year. Chief executive Andrew Benitz explained to Proactive Investors what’s been happening.
Tangiers Petroleum chairman Eve Howell said recently she wanted to broaden the Africa-focus of the group. And she is doing just that with the all-paper offer for fellow ASX-listed explorer Jacka Resources in a deal that values the latter at A$37mln.
“The institutional support for this raising is a positive reflection on the quality of our exploration portfolio and the changing nature and scale of Pura Vida’s activities," said managing director Damon Neaves.
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