Oil and Gas Round-Up: 8 August
Friday, August 08, 2008
Aurelian Oil & Gas (AUL) discovered gas with the Vicsani-1 well on the Brodina Concession, Romania. The well is being completed as a producer.
Global Energy Development (GED) has successfully tested two zones so far in the Tilodiran 3 well within the Colombian Rio Verde contract.
Caza Oil & Gas (CAZA) said its second well at Glass Ranch, Texas, has successfully encountered hydrocarbons.
Rift Oil's (RIFT) Puk Puk-1 well in Papua New Guinea is estimated to contain approximately double pre-drilling estimates. The well testing programme has been redesigned to take account of the greater than anticipated hydrocarbon column.
Providence Resources (PVR) has commenced drilling operations on the Hook Head appraisal well (50/11-4) in the North Celtic Sea Basin, offshore southern Ireland.
Amerisur Resources (AMER) has started long term production testing at its Platanillo block in South America.
Pan Andean Resources (PRE) expects the Vieman No.1 well on its Danbury Dome leases, onshore Texas, to spud in September.
Nautical Petroleum (NPE) has secured a drilling rig slot from Senergy in October 2008 for drilling a well on the Hydra prospect in North Sea Block 3/27a.
Independent Resources (IRG) has conditionally raised £6.91 million through a placing at 95 pence per share. Proceeds will be used for its Rivara and Fiume Bruna projects.
Faroe Petroleum (FPM) has announced that coventurers in two UK Central North Sea licences, UKCS Licences P.1459 (Block 13/24d) and P.1404 (Block 13/25a), have aligned their respective interests across the blocks.
Juan Carlos Rodriguez has been appointed CEO of PetroLatina (PELE) and Sebastien Garnier has been appointed its Chief Financial Officer.
And finally, its been a buoyant first half at saturation diving specialist Hallin Marine (HMS) and financial results are expected to exceed expectations.
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