NEW World OIL & GAS (NEW)
Oil and gas roundup
UK Oil & Gas Investments (UKOG) announced a new petrophysical analysis by Nutech, incorporating the findings of the Horse Hill-1 (HH-1) flow test, demonstrated a threefold increase in calculated total oil in place per square mile at the HH-1 well within the Upper Portland pay zone.
MX Oil (MXO) said commissioning of the Front Puffin floating production, storage and offloading vessel had now been completed following a 72-hour test.
While targeted stabilised production rates have not yet been achieved due to mechanical issues and Nigerian regulatory approvals, production is expected to be maintained at a restricted rate of approximately 7,000-8,000 barrels of oil per day.
Issues may not be resolved until the end of the fourth quarter of 2016.
New World Oil and Gas (NEW) said the second tranche of the loan to Big Sofa for working capital purposes had now been drawn down in full.
(LON:AUR) Aurum Mining PLC share price was 0p at 1p
(LON:BOR) Borders Southern Petroleum PLC share price was +0.01p at 1.86p
(LON:CHAR) Chariot Oil Gas Ltd share price was -0.25p at 6p
(LON:ENQ) EnQuest Plc share price was -0.37p at 29.13p
(LON:GKP) Gulf Keystone Petroleum share price was +1.03p at 6.63p
(LON:GPX) Gulfsands Petroleum PLC share price was 0p at 3.13p
(LON:INDI) Indus Gas Ltd share price was +0.13p at 250.13p
(LON:MXO) Mx Oil Plc Ord 1p share price was -0.08p at 0.95p
(LON:PET) Petrel Resources PLC share price was +0.38p at 7.38p
(LON:RKH) Rockhopper Exploration PLC share price was 0p at 32.75p
(LON:RPT) Regal Petroleum PLC share price was -0.01p at 3.87p
(LON:UKOG) Uk Oil Gas Investments Plc a Ord 0.01p share price was 0p at 1.4p
(LON:XEL) Xcite Energy Ltd share price was -0.1p at 7.88p