SDX Energy PLC (LON:SDX) said on Friday it has begun a 12 well drilling campaign on its 75% owned Gharb Basin acreage in Morocco. The programme will target a mean 15 billion cubic feet of gas, with the first seven wells to be appraisal holes close to existing infrastructure.
Anglo African Oil & Gas PLC (LON:AAOG) shares jumped on Tuesday as it announced plans for a non-binding agreement with “an international oil marketing and trading company” which would provide up to US$25 million in offtake and prepayment financing for development of the Tilapia field.
Genel Energy PLC (LON:GENL) told investors Tuesday it has inked a contract with Parker Drilling for the planned QD-2 well at the Qara Dagh field in the Kurdistan region of Iraq.
ADM Energy Plc (LON:ADME) shares advanced on Wednesday after the firm relayed the news of a deal related to its 5% owned Nigerian oil asset OML 113.
UK Oil & Gas PLC (LON:UKOG) expressed confidence as it welcomed the start of horizontal drilling at the Horse Hill oil project near Gatwick airport.
Alba Mineral Resources plc (LON:ALBA) has told investors that horizontal drilling has begun at the Horse Hill project, following the completion of the vertical HH-2 pilot hole.
Echo Energy PLC (LON:ECHO) is set to expand its footprint in Argentina with the acquisition of the Santa Cruz Sur asset package. It will pay US$7mln in cash plus US$1.5mln worth of shares, each priced at 2.91p, and potentially US$1.5mln of deferred consideration contingent on reserve increases before October 2020 – as part of the deal Echo pledges to fund the vendors costs in a new well planned in the fourth quarter.
Block Energy PLC (LON:BLOE) has updated on its operations for the WR-38Z well at the West Rustavi field where it has completed a critical phase of the sidetrack programme.
Shares in EQTEC PLC (LON:EQT) were higher on Wednesday after the energy company announced an extension to its memorandum of understanding (MoU) on the Billingham waste-to-energy project, which was due to lapse next month.
88 Energy PLCs (LON:88E) countdown to its exciting Charlie-1 well continues with the explorers quarterly update today highlighting details about the upcoming programme, Read More – Source
