Anglo African Oil & Gas PLC (LON:AAOG) TLP-103C well struck hydrocarbons at its Tilapia licence in the Republic of the Congo.
The oil & gas developer said the 2,683m well had intersected the Djeno horizon at the site, with wireline logging confirming a 12-metre oil column with a further 4m transition zone from 2,396m to 2,411m in a dolomitic interval with a high content of shale.
Victoria Oil & Gas PLC (LON:VOG) provided a production update and clarified its funding position.
The former first: grid power customer ENEO resumed consumption, taking average gas output to 10mln standard cubic feet a day including gas condensate sales. At 12mln cubic feet, which was achieved last week (19-25 Jan), monthly revenues would be US$2mln, the Cameroon-focused producer said.
Sound Energy PLC (LON:SOU) sketched in some interesting detail drawn from its TE-10 well in the Tendrara area of Morocco.
It confirmed Monday it is likely to “revise up” the net pay estimate of sands found under the main TAGI play, which currently stands at 10.5 metres. This follows a closer analysis of this gas-bearing horizon.
Canadian Overseas Petroleum Limited (LON:COPL) hopes to complete financing for an appraisal drilling programme at OPL226 in Nigeria by the middle of 2019.
COPL said talks are underway with three large groups that can provide both oil services and finance.
United Oil & Gas Plc (LON:UOG) gave investors details from a new third party assessment of two of the company’s assets – the Crown oil discovery asset in the North Sea and the Waddock Cross field in the Wessex Basin.
The competent persons report identified 6.5mln barrels of gross recoverable contingent resources at the Crown discovery.
Providence Resources PLC (LON:PVR) told investors that a drill rig has been selected for an upcoming drill programme at the Barryroe oil field in the Celtic Sea, offshore Ireland.
In September Barryroe’s operator EXOLA (a wholly owned Providence subsidiary), alongside fellow Barryroe partners APEC Energy Enterprises and Lansdowne Oil & Gas (LON:LOGP), hired China Oilfield Services Limited (COSL) to provide all services and equipment for the drill programme.
Inspired Energy plc (LON:INSE) said it expected a “strong set of results” for the 2018 fiscal year.
The firm, which helps companies negotiate their energy packages, said revenues for the year were expected to be 21% higher than 2017, with adjusted underlying earnings (EBITDA) forecast to be up 24% and pre-tax profits up 22%, both in line with expectations.
G3 Exploration Ltd (LON:G3E) said it is targeting first gas at its Guizhou block in 2019 as it issued an operations update for 2018 and outlooks for the new year.
The China-focused coal bed methane gas (CBM) explorer said that during 2018 it had submitted a reserve report for the Guizhou block while the development potential of the Jiangxi and Anhui exploration blocks had been re-assessed with “high exploration acreage” identified.
Highlands Natural Resources PLC (LON:HNR) started gas sales from the East Denver project following completion of a pipeline.
The company holds a 7.5% interest in each well on the acreage.
Earlier this month, Highlands said oil production had begun at eight producing wells at the project.