Tag Archive for oil

Premier Oil’s Catcher field exceeds expectations

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…

Touchstone Exploration production rises with four more wells to drill in 2018

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…

UK oil juniors rise as Wick and Colter wells get regulatory green light (RBD, BOIL, UOG, UPL, ADL)

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…

Tower Resources takes on three new blocks in Namibia (TRP)

Africa-focused oil and gas Tower Resources (LSE:TRP) rose 7.8pc to 1.6p this morning after being awarded three new blocks in Namibia. The firm has signed a new petroleum agreement with the country’s government for offshore blocks 1910A, 1911, and 1912B covering 23,297km2 in areas called the Walvis Basin and Dolphin Graben. The agreement includes an…