Savannah Petroleum makes fourth consecutive oil discovery in Niger (SAVP)

Today, Savannah Petroleum (LSE:SAVP) announced its fourth consecutive discovery in Niger at the Eridal-1 exploration well and an extension to its drilling campaign. Preliminary results based on available data indicate that the well has encountered a total estimated 13.6m of net oil-bearing reservoir sandstones. Wireline logs indicate the reservoir to be good quality, and the…

Touchstone announces further drilling with solid interim results (TXP)

Touchstone Exploration (LSE:TXP) announced a further increase in its 2018 capital program with its interim results this morning. The Canadian based oil company with operations in Trinidad will drill four additional wells this year. The interim results highlight the progress the company is making with its existing drilling and workovers campaign with a record CAD$12.5m of…