I mentioned Baron Oil (BOIL) last weekend and said I thought there would be a fundraising. The preliminaries for that started on Tuesday with a website update incorporating an old Shell report
WTI $50.75 +$1.14, Brent $55.28 +$1.32 , Diff -$4.53 +18c, NG $1.86 -1c
WTI $55.59 -$1.15, Brent $62.04 -$1.17, Diff -$6.45 -2c, NG $1.93 +2c
WTI $55.21 -$1.84, Brent $60.91 -$1.53, Diff -$5.70 +31c, NG $2.51 -6c
UK Oil & Gas started the week with a Horse Hill update. So far they’ve successfully drilled 2,016 ft within the Portland reservoir’s most oil productive zone.
IGas notes that the UK Government has announced a moratorium on fracking in Britain, based on analysis by the Oil and Gas Authority (“OGA”), until new evidence is provided.
IGas Energy The decision by the Government for a moratorium on fracking in the UK has obviously put the cat amongst the pigeons, coming as it did from left field.
WTI $54.70 +$1.15, Brent $60.51 +$1.41, Diff -$5.81 +26c, NG $2.21 n/c
IGas is pleased to announce it is moving to the execution phase for a further waterflood project, at its existing producing field at Welton in the East Midlands.
Hurricane Energy Hurricane has announced the results of the Lincoln Crestal well which show a maximum stable flow rate of 9,800 stb/d on Esp’s of 43 API oil and with
Springs Road Update – Resource Density in Bowland Shales
and then