Proactive oil & gas weekly highlights: 88 Energy, Westmount, United Oil & Gas, Genel, Aminex, COPL, DGOC
It was another eventful week in the small-cap oil and gas sector.
Company
LON:88E
88 Energy Ltd is a multi-listed oil and gas exploration and production company with a North American focus. The company has operator exploration and appraisal projects in onshore Alaska and non-operator exploration in onshore Namibia. It has been operating on the North Slope of Alaska since 2015, successfully drilling multiple exploration wells and acquiring extensive seismic data across a large acreage position.
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It was another eventful week in the small-cap oil and gas sector.
“Drilling has now commenced at Merlin-1, with results expected within the next 4 weeks,” said managing director Dave Wall
“Success at Merlin-1 would be transformational," says managing director Dave Wall.
The Merlin prospect was estimated a year ago to possibly host some 645mln barrels of oil and it will be tested in the coming weeks
It was another eventful week in the junior oil and gas sector.
Drilling is slated to start in early March and will take up to four weeks
It was another eventful week in the junior oil and gas sector.
The Alaska explorer plans to bolster its funds ahead of new well drilling, and, it also announced that managing director Dave Wall will leave the company in May
It was another active week in the small-cap oil and gas sector
The permit to drill was approved on January 29, before an expected spud date of February 12.
It was another busy week in the small-cap oil and gas sector.
“We are fortunate to have strong local support in Alaska and, as a result, will soon be back on track for the drilling," managing director Dave Wall said
“We anticipate being able to get clarity on the situation within the next week," said managing director Dave Wall
"We anticipate being able to get clarity on the situation within the next week,” said managing dirtector Dave Wall
The explorer advanced farm-out activities, planning for future programmes and expanded its footprint in the North Slope region of Alaska
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Archive
Oil Price News Saudi Aramco has sent a strong signal to the market with its February 2021 official selling prices, surpassing market expectations All Asia-bound grades were materially increased by 20-70 cents/bbl, with steeper increases in
It is an opportunistic deal that bolsters the portfolio of projects on Alaska's North Slope
It was a fairly busy start to 2021 for the small-cap oil and gas sector.
"Tract 29 is considered highly prospective as there is evidence of existing discoveries to the west extending into this area,” said managing director Dave Wall