Investor Update: Hurricane Energy produces oil to surface at its Lincoln Crestal well
Headlines from the Proactive UK newsroom.
Hurricane Energy PLC (LON:HUR) has confirmed that it has struck oil at its Lincoln Crestal well off the west coast of the Shetland Islands. The group said a drill stem test on the well produced oil to surface, resulting in a flare.
Touchstone Exploration Inc (LON:TXP, TSX:TXP) appears to have exceeded expectations with the results from a gas well in Trinidad and Tobago. Coho-1, on the Ortoire onshore exploration block, encountered 105 feet of net pay over four unique sand packages.
Mosman Oil and Gas (LON:MSMN) has told investors this morning the Stanley-3 well in Texas has been completed. It says a six foot interval was perforated during well completion operations and during flow testing, the stabilised rate was 192 BOPD.
United Oil & Gas PLC (LON:UOG) enjoyed a second successful North Sea licensing, one in which it was awarded four blocks. They’re described as “highly prospective” with one target estimated to contain 90mln barrels of in-place oil.
Ariana Resources PLC (LON:AAU) sees potential to expand the Tavsan project in Turkey after new mineral discoveries outside of the initial mine plan. The Red Rabbit joint venture, which is 50%-owned by Ariana, has so far completed geotechnical and hydrological drilling, a preliminary site plan and process flow-sheets for Tavsan.
Quick facts: Hurricane Energy PLC
Market Cap: £940.58 m
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