Premier Oil (LSE:PMO) released a trading and operations update yesterday revealing it’s on target to meet yearly production guidance of around 80 kboepd. It’s current workhorse, the Catcher field, has been exceeding expectations, with production rates of over 70koepd. Premier is now looking to increase the asset’s contractual oil production rate from its current 60…
There has been a very interesting development next to ECR Minerals’ (LSE:ECR) Bailieston license (EL5433) in Victoria, Australia. Newmont Mining Corp, one of the world’s largest gold producers has just applied for the license for a large block of land right next door. Although the license has yet to be awarded, if it is then…
Yesterday, Touchstone Exploration Inc (LSE:TXP) announced its financial and operating results for Q3 2018. The company with operations in Trinidad and Tobago generated CA$12.89m in petroleum sales, a 63% increase from the prior year third quarter. Production in the period came in at an average 1,758 bopd representing an increase of 22% compared with the…
Arc Minerals (LSE:ARCM) dipped 2.3pc to 3.2p today despite reporting higher-than-expected cobalt grades in the latest round of drilling at its flagship Zamsort project in Zambia. The business drilled numerous short holes at the oxide portion of Zamsort’s Kalaba cobalt-copper prospect to confirm the grade of material intended for processing at its commercial-scale demonstration plant…
Several junior oil and gas firms enjoyed a lift this morning on the news that Wick and Colter – two highly-anticipated offshore UK wells – have been cleared for drilling by a critical British regulatory authority. Corallian Energy, operator of the prospects, said the Offshore Petroleum Regulator for Environment and Decommissioning has advised the Oil…
Shares in Jersey Oil and Gas dipped 0.8pc to 178.5p this morning after the business announced a further delay in the drilling of its much-anticipated North Sea Verbier discovery. In an update, the firm said an appraisal well at the North Sea-based site is now expected to spud in the first quarter of 2019, rather…