Tlou Energy (LSE:TLOU) was up 2.7% to 5.8p on Tuesday afternoon after revealing that it has re-started drilling at its at its advanced-stage Lesidi project in Botswana. The business is focused on developing gas-to-power projects in southern Africa using coal bed methane (CBM). To do this, it drills a single vertical production well that is…
If, like the rest of the population, you’re sick to death with bloody Brexit tonight’s “meaningful vote” can’t come quickly enough. It seems a near certainty that Parliament is going to vote against the Government’s proposed EU withdrawal deal, hurling this tortuous process into even greater chaos. It is anyone’s guess how this is all…
Italy’s government has given a key gas field held by Prospex Oil & Gas (LSE:PXOG) and United Oil & Gas (LSE:UOG) the initial approval for development. The Selva gas field is located onshore in Po Valley, a proven hydrocarbon region in Italy where over 5,000 wells have been drilled. Selva’s owners are targeting daily production…
Touchstone Exploration (LSE:TXP) sat at 12.9p this morning after revealing that year-on-year oil sales grew by more than a quarter in the last three months of 2018. In an operational update, the firm said crude oil sales average 1,851bbls/d in Q4 2018, up 28pc on the 1,448bbls/d produced in the same period in 2017. Meanwhile,…
Emmerson (LSE:EML) rose 2.1pc to 2.9p this morning after setting out the development work it plans to carry out at its flagship potash project throughout 2019. The company plans to de-risk the Khemisset asset and move it towards production rapidly following the release of a scoping study in November last year. This confirmed the Northern…
Ophir Energy (LSE:OPHR) sat flat at 44.9p on Monday morning after rejecting a take over offer from PT Medco Energi Global PTE Ltd. Ophir first confirmed it was in discussions with Medco on 1 January. This resulted in the resource player’s share price jumping from 36p to a high of more than 50p when markets…