Anglo African Oil & Gas (LSE:AAOG) rose to 10.5p on Wednesday after laying out its production goals for a critical well in the Republic of the Congo. The company hopes to start producing from the TLP-103C in April 2019 and has highlighted the cashflow potential to investors. Although actual flow rates are not yet known,…
Emmerson (LSE:EML) sat at 2.9p on Tuesday after launching an environmental and social impact assessment (ESIA) baseline study for its flagship potash project in Morocco. The work forms the first step towards a detailed ESIA that will be delivered to Morocco’s Ministry of Mines in a bid to convert Khemisset’s exploration permits into a mining…
The share price of RockRose Energy (LSE:RRE) made new highs on Tuesday, jumping 10pc to £7.20. The move followed news that the life of the Ross and Blake fields is being extended from 2024 to at least 2029. Rockrose holds a 30.82pc interest in the field and the extension will add 4.2 million barrels of…
Shares in Echo Energy (LSE:ECHO) sank by more than a third to 5.3p on Tuesday morning following disappointing results at a critical well in Argentina. The firm, which is currently sitting at multi-year lows, announced that it had completed mechanical stimulation and testing operations at the EMS-1001 well on its Fraccion C licence. However, after…
Monday morning saw Solo Oil (LSE:SOLO) rise 1.5pc to 1.7p after announcing that its managing director Dan Maling has stepped down as part of a boardroom shake-up. Solo gave no specific reason for Maling’s departure, other than to say the management changes aim to ensure the firm has the ‘required management skills’ to deliver on…