Tag: Oil

Amerisur Resources produces almost 6,200 barrels of oil per day in October

Amerisur Resources produces almost 6,200 barrels of oil per day in October

Amerisur Resources (AMER.L) has provided another production update as the company announced a total oil production of almost 200,000 barrels in October, resulting in an average production rate of 6,172 barrels of oil per day and a peak production rate of almost 7,400 barrels per  day. The current production rate […]

88 Energy: all we can do is wait

88 Energy: all we can do is wait

88 Energy (88E.L, ASX:88E) has had a busy summer, but unfortunately this didn’t result in the desired results. After an initial test-run, the Icewine #2 well was shut in on July 10th for about 7/8 weeks to allow for some pressure to build up in the well. On August 31st, […]

Elysee Development reports a NAV of C$0.51 per share

Elysee Development reports a NAV of C$0.51 per share

Elysee Development (ELC.V) reported its financial results for the first nine months of its financial year (which ends in November). The company has earned a total of C$358,000 in those first three quarters, which means it lost approximately C$185,000 in the third quarter, which represents less than 1 cent per […]

Jericho Oil starts STACK’ing – a major step forward

Jericho Oil starts STACK’ing – a major step forward

Jericho Oil (JCO.V) has announced an agreement which allows it to acquire ‘just under’ a 1/3rd of a 9,400 acre land package in the Anadarko Basin STACK zone in Oklahoma. Jericho can acquire the third by investing up to US$9M in the acquisition and development expenses associated with the property. […]

Jericho Oil raises C$5.7M from cornerstone investors

Jericho Oil raises C$5.7M from cornerstone investors

Jericho Oil (JCO.V) has finally decided to bite the bullet and will complete a 12.6M unit placement at C$0.45 to raise C$5.66M (before expenses). Each unit will consist of one common share of Jericho Oil and half a warrant which will allow every warrant holder to acquire an additional share […]

88 Energy starts a six week shut-in at Icewine

88 Energy starts a six week shut-in at Icewine

88 Energy’s (88E.L, ASX:88E) share price nosedived last night in Australia and today in London after the company announced it would go ahead with a six week shut-in at the Icewine well. According to the company, after having analyzed and compared the current well performance to other shale plays, it […]

88 Energy confuses the market

88 Energy confuses the market

If there’s one thing you can’t blame 88 Energy (ASX:88E, 88E.L) for, it’s publishing exploration updates on a regular basis. The company realises every single investors is looking forward to see the flow rates, and it usually is a good thing to keep every stakeholder up to date on what’s […]

Africa Oil discovers more oil in Kenya

Africa Oil discovers more oil in Kenya

Africa Oil (AOI.TO) confirmed last month it has encountered 75 meters of net oil pay in two zones of the Emekuya 1 well in the 13T Block in Northern Kenya. The well was drilled less than 3 kilometers north of Etom 2 and encountered reservoir-quality sandstone which are pretty much […]

88 Energy demobilizes Arctic Fox – the wait is almost over

88 Energy demobilizes Arctic Fox – the wait is almost over

88 Energy (ASX:88E, 88E.L) is doing a good job in keeping its shareholders up-to-date on its progress in Alaska where it’s drilling a new well to test the flow rates of its unconventional oil discovery. The company has now demobilized the Arctic Fox drill rig after the well has been […]