Tag: #Oil

Jericho Oil: pushing ahead on the STACK acreage

Jericho Oil: pushing ahead on the STACK acreage

Jericho Oil (JCO.V) has released an extensive production and exploration update on its STACK JV operations in Oklahoma where two wells have been completed an no less than 4 (!) new wells are currently being drilled. Unless otherwise indicated, the percentages used in this article are the percentages attributable to […]

Jericho Oil extends credit facility and initiates NCIB

Jericho Oil extends credit facility and initiates NCIB

Jericho Oil (JCO.V) received good news from its lender, East West Bancorp, as it confirmed the company’s borrowing base at US$7.5M until the new maturity date of the credit facility in July 2020. The ceiling could obviously redetermined (and will be up for revision in October), but considering the recent […]

Gen III Oil appoints Mark Redcliffe as EVP Corporate Finance

Gen III Oil appoints Mark Redcliffe as EVP Corporate Finance

Gen III Oil (GIII.V) is showing the market it’s serious about securing funding for its Bowden oil re-refinery in Alberta with the most recent addition to the management team. GIII has appointed experienced financier Mark Redcliffe as Executive Vice President Corporate Finance. With in excess of 20 years of experience […]

Amerisur releases a disappointing oil reserve update in Colombia

Amerisur releases a disappointing oil reserve update in Colombia

In what could definitely be described as a surprising update, Amerisur Resources (AMER.L) confessed its total oil reserves actually decreased compared to the previous year. Whilst companies are usually able to grow their reserves even after taking the depletion into consideration, Amerisur’s lower reserves are definitely a disappointment. On a […]

Jericho’s first STACK well strikes it rich

Jericho’s first STACK well strikes it rich

Jericho Oil (JCO.V) has reported a preliminary result from the first well drilled on its Blaine county acreage, in a joint venture with the private partner and private equity backed Staghorn Petroleum. The first well was targeting the Meramec formation using a horizontal well with a length of 1 mile […]

Parex Resources increases 3P Reserves by 70 million barrels

Parex Resources increases 3P Reserves by 70 million barrels

Parex Resources (PXT.TO), the Colombia-focused oil explorer and producer, has now released its updated oil reserve estimates. With a 2P replacement ratio of 488% (which means the company has added 5 times more oil to its reserves than it has produced) and a total 2P reserve basis of 162 million […]

Liberty One Lithium re-focuses on Utah

Liberty One Lithium re-focuses on Utah

Liberty One Lithium (LBY.V) announced on Friday it will start an exploration program on its 4,480 acres North Paradox lithium property in Utah. We haven’t focused on Utah in our previous updates as we always thought the property appeared to be secondary to its exploration efforts in Argentina, where it’s […]

ARC Resources plans to produce 132,000 boe/day in 2018

ARC Resources plans to produce 132,000 boe/day in 2018

ARC Resources (ARX.TO) has announced the board of directors has approved a C$690M capex spending program for 2018 which will  allow it to increase its production rate to an average of 130,000-134,000 barrels of oil-equivalent per day. Of this oil-equivalent production rate, approximately 40,000 barrels will be crude oil, condensate […]