Company Overview and News
Strata-X Energy Ltd (ASX:SXA) has gained full control of the Serowe Coal Seam Gas Project in Botswana. (1-1)
* STRATA-X ENERGY - CO HAS PRE-EMPTED A THIRD PARTY OFFER TO BUY OUT MAGNUM POWER AND GAS‘S 25% INTEREST IN SEROWE COAL SEAM GAS PROJECT Source text for Eikon: Further company coverage:
DENVER, CO and BRISBANE, AUSTRALIA and VANCOUVER, BC--(Marketwired - May 02, 2017) - The directors and management of Strata-X Energy Ltd. ("Strata-X" or the "Company") (TSX VENTURE: SXE) (ASX: SXA) announce that the Company is disposing of a historical working interest in an oil and gas lease ("Lease") located in Campbell County, Wyoming, USA. The Company has determined that the Lease is a non-core asset and plans to use available capital on advancing its core assets such as the Serowe CSG Project in the Republic of Botswana and the evaluation of new ventures.
The directors and management of Strata-X Energy Ltd. ("Strata-X" or the "Company") (TSX VENTURE: SXE) (ASX: SXA) are pleased to provide an update on the Serowe Coal Seam Gas Project in Botswana. As announced previously, the Company has farmed into approximately 273,000 acres in the Kalahari Basin CSG Fairway and has the opportunity to achieve a 75% working interest in the project, which has an estimated 1.
The directors and management of Strata-X Energy Ltd. ("Strata-X" or the "Company") (TSX VENTURE: SXE) (ASX: SXA) are pleased to announce that it is advancing its Serowe CSG Project ("Project"), located in the Republic of Botswana, through the establishment of in-country operating subsidiary, Rhino CBM (Pty), Ltd ("Rhino"). With the establishment of Rhino, the Company has initiated the process of transferring into the entity the 273,000 gross acres of prospecting licenses that target the rich coal seam gas resource.
Empyrean, the oil and gas company, is pleased to provide its Interim Report for the six months ended 30 September 2016.
Range is pleased to announce that the QUN 160 development well in Trinidad that spudded on 9 November 2016 was successfully drilled to a total depth of 2,140 feet on 22 November 2016. The well was originally planned to be drilled to 2,600 feet, however it was decided not to drill below 2,140 feet as the main target (Upper Cruse formation) had been encountered at this depth and drilling of the additional footage would have contributed to an increase in drilling cost with little to no benefit.
Genel Energy plc notes the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a payment of $36.20 million from the KurdistanRegional Government for oil sales during September 2016. The payment reflects full settlement of the invoiced amount for September 2016 oil sales, and includes $30.36 million towards the monthly entitlement and $5.84 million towards recovery of historical receivables.
Aminex today provides an operational update for the Ruvuma PSA and the Kiliwani North Development Licence. The Company confirms that an independent inspection of the Caroil 2 drilling rig has now been completed and the Ntorya-2 appraisal well is now expected to be spudded mid-December. The Company has a 75% operated interest in the well and initial results are expected early next year. The well location is a 1,500-metre step-out from the Company's Ntorya-1 discovery which flow-tested gas at 20 mmcf/d, with 139 barrels of associated condensate, from a 3.
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to its average production volumes for November 2016 and for the year to date. During November 2016, gas processing capacity was temporarily reduced while undertaking the testing of new chemicals for gas sweetening, as well as planned maintenance downtime of the plant for one week. Consequently, average Group production for November 2016 was 5,454 barrels of oil equivalent per day (27% lower than October 2016).
BHI Rig Count: U.S. +4 to 597 rigs U.S. Rig Count is up 4 rigs from last week to 597, with oil rigs up 3 to 477, gas rigs up 1 to 119, and miscellaneous rigs unchanged at 1. U.S. Rig Count is down 140 rigs from last year's count of 737, with oil rigs down 68, gas rigs down 73, and miscellaneous rigs up 1. The U.S. Offshore Rig Count is down 1 from last week to 22 and down 3 rigs year over year. BHI Rig Count: Canada +26 to 200 rigs Canadian Rig Count is up 26 rigs from last week to 200, with oil rigs up 6 to 100, gas rigs up 20 to 98, and miscellaneous rigs unchanged at 2.
Strata-x Energy: Long Form Farm-in Agreement Signed and First Tranche of Capital Raising Completed for Serowe CSG Project
Oil price Whilst many commentators remain unconvinced, the oil price is tracking upwards and for the moment giving the deal the benefit of the doubt. A decent spin from the 1oth December non-Opec meeting should cement, at least for the time being the situation. Range Resources Range has announced that the QUN 160 development well encountered the Upper Cruse Formation at a shallower depth than expected (2140′) which is good.
IRVING, Texas--(BUSINESS WIRE)--Tom Walters, president, ExxonMobil Production Company, has announced his intention to retire after more than 38 years of service. Neil Duffin, currently president of ExxonMobil Development Company, has been appointed by the Exxon Mobil Corporation (NYSE:XOM) board of directors to be president of ExxonMobil Production Company and elected to be a vice president of the corporation.
Solo is pleased to provide an operational update on activities in the Ruvuma Basin PSA and the Kiliwani North Development Licence operated by Aminex plc ("Aminex"). Aminex confirms that an independent inspection of the Caroil#2 drilling rig has been completed and the Ntorya-2 ("NT-2") appraisal well is now expected to be spudded in mid-December. The Company has a 25% interest in the well and initial results are expected early next year.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton