Small Cap AIM oil and gas news. Taken from company announcements!
Ithaca Energy completed the drilling of a water injection well for the Athena field development. The drilling unit will now drill a fourth production well and complete the three existing suspended wells on the field as well as the new producer and injector, from the same surface location.
Petroceltic International released news that well AT-4 on its Isarene Permit in Algeria has successfully tested gas from two zones in the Ordovician at a maximum combined flow rate of 1.35 mmscf/d and 450 bwpd on a 48″ choke. Well AT-4, the first of the current appraisal campaign of the Ain Tsila gas discovery, was drilled to appraise the previously undrilled eastern margin of the Ain Tsila field and was located with the primary objective of maximising information about the gas-in-place rather than optimising flow rate on testing. The volume of water reduced the gas flow to rates significantly lower than anticipated from this well. Testing and sampling operations at AT-4 have been completed and the well has been suspended.
Bowleven released news that drilling has commenced on the Sapele-1 sidetrack, Douala Basin, offshore Cameroon with the Noble Tommy Craighead jack-up rig. The principal objective of Sapele-1ST is to appraise the Deep Omicron oil discovery encountered in the Sapele-1 exploration well. Drilling is expected to take approximately 40 to 50 days (excluding testing). In addition, the Sapele-2 well is expected to spud mid March 2011 as a material step-out down dip from the Sapele-1 location.
Sefton Resources stated that continuous steamflood operations have commenced in the Tapia oilfield near Castaic, California on the Hartje Lease in the central portion of the oilfield. The continuous steam injection pilot is part of an ongoing steam prior to the implementation of the field-wide steamflood development of Tapia.
Nostra Terra Oil and Gas announced that the Agnello #1 horizontal well in the Vintage Hills prospect unit in Texas flowed from 402 barrels of oil equivalent per day to 139 boepd over three days of testing.
EnCore Oil spudded the Burgman exploration well 28/9-4 in North Sea Block 28/9. The main objectives of the well are to establish if hydrocarbons are present in the Tay and Cromarty sands. The well will also drill a deeper, high risk, Jurassic aged Fulmar sand target.
EnCore Oil are the operators with a 15% interest. Nautical Petroleum also has a 15% interest in the well. They have a 25 day time-frame.
EnCore Oil stated that the Seterling Resources operated Cladhan appraisal well 210/30a-4 located in North Sea Block 210/30a has spud. The objective of the 40 day appraisal well is to drill further down dip into the Cladhan structure, to the south east of the original 2008 discovery and subsequent 2010 side-track wells, to attempt to discover deeper oil in the structure.
Endeavour International released good news; the United Kingdom Department of Energy and Climate Change has approved the Rochelle Field Development Plan for Block 15/27 in the Central North Sea, now known as East Rochelle. The approval represents phase one of the development of the Greater Rochelle area.
Nautical Petroleum acquired a 20% interest in Licence PL1/10 over the Central Larne-Lough Neagh Basin, onshore Northern Ireland, operated by InfraStrata. The Central Larne-Lough Neagh Basin is covered by Tertiary basalts that are up to 600 metres thick. Nautical will fund its share of costs for a seismic acquisition programme during 2011 together with a portion of InfraStrata’s seismic costs.
IGas Energy Coal bed methane operator, stated that following regulatory and shareholder approval it expects to complete the acquisition of Nexen Exploration UK Limited next week, resulting in IGas becoming the operator and sole owner of each of its licences. Still on CBM, Australian listed Dart Energy has acquired the 90% of UK based CBM specialist Composite Energy it didn’t already own.
Rock Solid Images the new name for geophysical data integration and interpretation specialist Offshore Hydrocarbon Mapping. The renaming and rebranding to “RSI” is expected to help remove market confusion about what the company does.
Dan,
It is my belief that the broker service you provide (although good) may turn out to be ignored by many members here. MTA is well known to be under-valued and it is a matter of time until things are brought into production. The problem is on many occasions you have said news is immanent.
I have also noted that you haven’t talked much about the patch reefs as many bloggers have noted. I personally thing many of your bloggers follow MTA….IF you are proved wrong with MTA and the current on going time-frames, you may loose all the credibility you currently have and future blogs will have no impact.
I like your blogs but think you need to reassure MTA followers of the full potential of MTA and the timeframes of releasing RNS’s. (esp MTA poor time keeping)
For Peter…
You are an idiot pal, how many times do you need the fundamentals for MTA stated and restated to you?!?
If you can’t stand the waiting – sell.
Hi Dan
Tower resources could that be a good idea to buy shares in that company
Dan, you have not mentioned VOG in a while and wondered if you had any thoughts on their last RNS which stated that the Camerron Licence is Imminent? how would you interpret that? as in weeks or months?