UK oil and gas juniors sink as Colter sidetrack falls flat (ADL, BOIL, UOG, RBD)

Several UK oil and gas juniors faced a drubbing on Friday morning following the news that a side-track well at the much-anticipated Colter prospect in the UK’s Wessex Basin has been plugged and abandoned. Colter’s operator Corallian Energy revealed that well 98/11a-6Z encountered the top of the target Sherwood Sandstone reservoir but did not penetrate…

Reserves report reveals Touchstone Exploration replaced 2018 production by 178pc (TXP)

On Thursday, Touchstone Exploration (LSE:TXP) released its year-end reserves numbers revealing it had replaced 2018 production by 178pc on a proved (1P) reserves basis. This was achieved in conjunction with rising production, with Touchstone currently producing at a rate of around 2100 barrels of oil per day (bopd). 1P reserves were up 5pc to 11.222…