A look back at some of the interesting news stories from London’s junior oilers.
By Oliver Haill
Union Jack Oil PLC (LON:UJO) told investors that the partners in the West Newton project now believe it is a “significant oil and gas discovery”, deemed more significant than simply a ‘pure gas discovery’ as was previously perceived.
Eco Atlantic Oil & Gas Ltd (LON:ECO, CVE:EOG) has kicked off the Joe-1 exploration well in the Orinduik block offshore Guyana.
Tlou Energy Limited (LON:TLOU) has hailed a “highly active” year as it delivered its results following its selection as a preferred bidder to develop a coal bed methane (CBM) power plant in Botswana.
Falcon Oil & Gas Ltd (LON:FOG) (CVE:FO) has highlighted a ‘strong financial position’ as the company and its investors look forward to a new programme of drilling at the Beetaloo shale project in Australia.
Providence Resources PLC (LON:PVR) has confirmed a further extension of the backstop date for the payment due from Chinese farm-out partner APEC, and, has also now paid a contracted mobilisation fee for an upcoming well site survey for Barryroe.
US Oil & Gas Plc (USOP) has issued a statement revealing it has raised US$382,482 for working capital.
By Oliver Haill
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