Weekly Oil and Gas Highlights, 21st September 2019

A glance back at some of the top stories this week from London small-cap oil and gas stocks.

Providence Resources PLC (LON:PVR) told investors it had completed the initial Barryroe well site survey.

The Irish oil company, in a statement, said that it had completed the work – surveying for seabed debris clearance, environmental baseline as well as habitat assessment – for proposed well locations A and B.

Eco Atlantic Oil & Gas Ltd (LON:ECO, CVE:EOG) confirmed back-to-back exploration successes offshore Guyana as the Joe-1 well struck oil.

Block Energy PLC (LON:BLOE) announced the appointment of William McAvock as its new chief financial officer.

SDX Energy Plc (LON:SDX) revealed success in the MSD-19 development well in the West Gharib project area, in Egypt.

The well was drilled down to 4,665 feet and encountered some 135 feet of net heavy oil pay across the Asl Formation.

Europa Oil & Gas Holdings PLC (LON:EOG) expanded its portfolio, adding new exploration acreage in the Agadir basin offshore Morocco.

Chariot Oil & Gas Limited (LON:CHAR) revealed results from a new third-party assessment of the recently acquired Lixus project area offshore Morocco.

Five additional exploration prospects present more than 1.2trn cubic feet (TCF) of upside potential, according to independent consultant Netherland Sewell & Associates Inc.

Azerbaijan-focused oil explorer Zenith Energy (LON:ZEN) (CVE:ZEE) further reduced its short-term borrowings as it shifted its funding requirements towards longer-dated bonds.

Jersey Oil and Gas PLC (LON:JOG) confirmed it has landed new acreage from the UK government’s 31st supplementary offshore licensing round.

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The North Sea explorer, in a statement, told investors that following the completion of paperwork it has now been awarded formally awarded the Greater Buchan Area (GBA) which comprises three licences – referred to by JOG as Zermatt, Buchan, and Glenn.

Diversified Gas & Oil PLC (LON:DGOC) confirmed the completion of its acquisition of assets from EdgeMarc Energy Holdings, including twelve Utica gas wells and related facilities.

Anglo African Oil & Gas PLC (LON:AAOG) received another payment of US$600,000 from the Congolese national oil company.

In Sound Energy PLC (LON:SOU) half yearly results the company told investors that it continues to expect completion of monetisation efforts for its Eastern Morocco portfolio before the end of 2019.

Cabot Energy plc (LON:CAB) agreed to raise US$350,000 of funds through a share sale to partner and major shareholder High Power Petroleum LLC (H2P).

Hurricane Energy Plc (LON:HUR) reported its half yearly results, the company’s first set of financials to include revenue.

The firm generated some US$22.5mln from its first crude oil lifting (the only one in the first half) and it also banked a US$6.2mln tax refund, related to R&D tax credits.

The company reported a US$1.2mln operating profit, reversing a US$4.7mln loss in the comparative period in 2018.

Baron Oil Plc (LON:BOIL) was been awarded new North Sea acreage via the UK’s 31st offshore licencing round.

It holds 15% interests in a total of seven newly awarded blocks in the Inner Moray Firth area of the UK continental shelf.

I3 Energy PLC (LON:I3E) said that the permit application to drill the Serenity SA-01 well in the North Sea is well underway.

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Block Energy PLC (LON:BLOE) Operations Update & Video

Source www.proactiveinvestors.co.uk
Article originally published by proactive investors. Share Talk is not responsible for its content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.
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