Pantheon Resources PLC (LON:PANR) projected a 50% plus upgrade in the resource at one of the sections on its Talitha project in Alaska.
An internal analysis of the SMD-B sequence encountered by the Talitha #A well has led to a new estimate of 2.6bn barrels of oil in place and a mean recoverable contingent resource (P50) of 404mln barrels.
San Leon Energy PLC (LON:SLE) has noted an announcement from Decklar Resources Inc regarding the Oza Field in Nigeria.
The Decklar announcement said that the drilling rig and related equipment are set up on location at the Oza-1 well site and have been tested and inspected and are currently pulling existing tubing out of the well.
i3 Energy Plc (LON:i3E) completed the drilling of its first two new wells in the Marten Hills Clearwater acreage in Canada and is expecting both wells to be online later this month.
It completed drilling the second well, which targeted the Clearwater C zone, and successfully drilled eight lateral sections penetrating the reservoir. The well was completed on time and on budget, the company added.
88 Energy Ltd (LON:88E) confirmed it completed its acquisition to own 100% of Project Peregrine in Alaska.
It has issued a total of 633.4mln shares to the vendor, which 88 Energy noted was around 190mln fewer shares than previously expected as several tranches were reduced through agreed final reconciliation mechanisms.
88 Energy Ltd (LON:88E, ASX:88E, OTC:EEENF) told investors further geochemical analysis of core samples from the Merlin-1 well have again shown the presence of hydrocarbons.
Results of analysis of Phase Two of side-wall core trim analysis are expected in the next few weeks, it added. Additionally, Volatiles Analysis Service (VAS) and gas analysis results are also due.
Challenger Energy Group PLC (LON:CEG) said logging and analysis confirmed some 300 feet of net oil bearing reservoir sands in the Saffron-2 well in Trinidad and it is now being prepared for a production test later this month.
Logging measured some 1,400 feet of gross reservoir sands across the Upper, Middle and Lower Cruse formations. In the Lower Cruse, the primary reservoir of interest, the well encountered 63 feet of net oil-bearing reservoir sands and a further 70 feet is potential is also indicated.
Mosman Oil and Gas Limited (LON:MSMN) has increased its interest in the Winters lease in Polk Country, East Texas.
The oil and gas group acquired a 23% interest in the Winters lease as part of its recent purchase of Nadsoilco, which is the operator.
Block Energy PLC (LON:BLOE) described its second quarter as another positive period, both financially and operationally.
“Towards the end of the quarter, we delivered on our key objective as we spudded the WR-B1 well, which, after significant planning and dedication from the team, seeks to provide a material boost to our production in Georgia,” highlighted chief executive Paul Haywood.
Zephyr Energy PLC (LON:ZPHR) said drilling has started on the State 16-2LN-CC appraisal well, a couple of weeks ahead of schedule.
Coro Energy PLC (LON:CORO) has inked a deal to acquire a portfolio of planned rooftop solar projects in Vietnam.
The portfolio, comprising 150 megawatts of generating capacity, is being bought from Vinh Phuc Energy (VPE) and the deal begins with a low-cost entry, starting with a 5 MW pilot project.
Helium One Global Ltd (LON:HE1) has confirmed another notable helium gas show in the Tai-1 well, which is now being sidetracked due to a setback to the programme in Tanzania.
The gas shows were encountered above the well’s primary target zone, with the shows seen between a depth of 552 metres to 561 metres, and, were observed visually at surface as bubbles in drilling mud.