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Muruk Production Test Successfully Completed

June 14, 2017 | Santos today announced positive production well test results from the Muruk 1ST3 exploration well in the Papua New Guinea Highlands.

As quoted in the press release:
The production test was undertaken to assess reservoir productivity and recover hydrocarbon samples over the gas saturated Toro Sandstone interval, between 3,968 metres to 4,065 metres.  … Read More

Touchstone Exploration Announces First Quarter 2017 Results and Commencement of Drilling Program

May 16, 2017 | Touchstone Exploration Inc. (“Touchstone” or the “Company”) (TSX:TXP) announces its financial and operating results for the three months ended March 31, 2017.

As quoted in the press release:
2017 First Quarter Highlights

Achieved quarterly average crude oil sales of 1,280 barrels per day, representing an increase of 3% from the fourth quarter  … Read More

Strategic Oil & Gas Tests Five New Muskeg Wells and Announces First Quarter 2017 Financial and Operating Results

May 16, 2017 | Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV:SOG) announces results from its first quarter drilling program and reports financial and operating results for the three months ended March 31, 2017.

As quoted in the press release:
Highlights for the first quarter include:

Strategic tested five new Muskeg horizontal wells which  … Read More

Santos: Further Positive Results at Muruk

May 15, 2017 | Santos (ASX:STO) today announced further positive results from the Muruk 1 exploration well being drilled in the Papua New Guinea Highlands.

Following the successful gas discovery at Muruk 1 announced in December 2016, an additional sidetrack (Muruk 1ST3) has been successfully drilled through the Toro reservoir objective to the south west  … Read More

Ithaca Energy: First Quarter 2017 Financial Results

May 15, 2017 | Ithaca Energy Inc. (TSX: IAE; LSE: IAE) (“Ithaca” or the “Company”) announces its financial results for the three months ended 31 March 2017 (“Q1-2017” or the “Quarter”).

As quoted in the press release:
Q1-2017 financial highlights

Average production of 9,337 barrels of oil equivalent per day (“boepd”)

Unit operating expenditure reduced to $21/boe, down  … Read More