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.

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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.

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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.

At 2:54pm:

(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