Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) told investors it has spud of the CNB HZ-1 well, its first horizontal well at the Tapir project in Colombia.
The well is targeting the Ubaque formation, following up previous wells in the area earlier this year.
Chariot Limited said it is moving on to the next stage of drilling onshore in Morocco after the first well found uneconomic levels of gas.
Duncan Wallace, Chariot’s technical director, said: "Whilst the results of the Gaufrette well did not deliver a material gas accumulation, the presence of strong gas shows and excellent reservoir development is encouraging for future exploration in this area.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) updated investors on its drilling operations in Utah, where the State 36-2 LNW-CC-R well in the Paradox Basin is making progress in line with expectations.
The well has reached a depth of 6,010 feet, on the way to its planned total depth of 10,362 feet, with a 270-foot horizontal reservoir section.