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Proactive weekly oil news – Independent Resources, Sound Energy, Aminex, Solo Oil…
A look back at the week’s highlighted news for junior oilers
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LON:AEX
Aminex PLC is an Africa-focused oil and gas company with near term production, development and high impact exploration. Fully funded to production, and with a new and experienced management team, Aminex has a world class asset base with proven large resource potential and a route to monetisation.
311 stories · page 10 of 16
Archive
A look back at the week’s highlighted news for junior oilers
Archive
A look back at some of the main stories in the junior market this week
we take a closer look at what City analyst have to say about the ‘significant’ Ntorya-2 well result in Tanzania.
The companies says Ntorya-2 represents a better-than-expected result, but, both shares are down almost 20% - here, we take a closer look.
"Ntorya-2, when taken together with the Ntorya-1 discovery well and the mapped seismic features, clearly indicates a gas volume of significant commercial interest,” Neil Ritson said.
Eagerly awaited flow testing results, to determine the commercial merit of the discovery, are due in the coming weeks.
Details of the flow testing results are now anticipated in the coming weeks.
Flow test results could be coming in the next week or two, so says one certain prominent well watcher.
The funds will be used to pay for the company’s share of the well testing programme at the Ntorya development
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A glance at some of the stories on the Proactive newswire today.
Craig Howie, analyst at stockbroker Shore Capital, in a note, said the well result is an excellent outcome that de-risks the project considerably.
Some of the largest share price rises and falls in London at 3.45pm
“These results move us a significant step forward in the commercialisation of the Ntorya discovery," Ritson said.
"We are delighted with the progress of the Ntorya-2 appraisal well, which is ahead of our expectations," says chief executive Jay Bhattacherjee.
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A glance at some of the stories on the Proactive newswire today
The Ntorya-2 well is targeting the same sandstone channel complex as the Ntorya-1 discovery well.
Pre-drill estimates for Lincoln suggested it was host to 250 million ‘recoverable’ barrels of crude. Hurricane says after early analysis that figure looks conservative.
Archive
A glance at some of the stories on the Proactive newswire today