The Wizard Lake 16-17-48-27W4 Rex oil well has now been producing for 10 days
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The Calgary-based oil company worked with Schlumberger Canada to complete the company’s petrochemical modeling study geared towards increasing oil recovery from the Bigoray Niksu D and E pools
The Calgary-based oil company worked with Schlumberger Canada to complete three phases of a petrochemical modeling study geared towards increasing oil recovery from the Biogray Niksu D and E pools
Exploration drilling is set to begin later this month with the Jethro Lobe well.
The enhanced Bigoray project envisages Pulse using a technique called 'miscible flooding' to get more oil out of the pools
Mexico buys more than 1 million b/d (barrels per day) of US crude and fuel
Stockbroker Peel Hunt set a 38p price target and gave the North Africa focussed firm a 'buy' recommendation.
Analyst Bill Newman also reiterated his price target of C$1 a share after the oil company's partner agreed to incur 100% of the costs to drill two wells in Wizard Lake Rex
The Canadian energy technology company said almost half of 2018 revenue was produced in the fourth quarter
The Calgary-based company said that its partner Salt Bush Energy Ltd has agreed to incur 100% of the costs to drill, complete and equip the two wells
The company said construction is underway at the Wizard Lake Rex oil discovery, with an aim to push it into production in early June
The analyst is targeting $0.50 for the stock, which is more than double where shares are today at $0.19
The Calgary-based junior oil company said that the first two wells have initial combined test rates of over 1,350 barrels of oil equivalent per day
An important and hotly anticipated new well programme is due to kick off in the coming months.
The oil and gas company reduced G&A (general and administrative) expenses in the first quarter by 23%
COPL hopes to start appraisal drilling at OPL 226 in mid-2019, subject to finance.
The company said it expects to begin building production facilities at its Rex oil discovery in the second quarter of 2019
The company was founded by industry professionals Garth Johnson, who is CEO, and Drew Cadenhead, president and chief operating officer
A second well - into the Nisku E pinnacle reef - has been spudded, the oiler said Tuesday
Shares will continue to trade on the Canadian Securities Exchange (CSE) under the symbol 'OIL'
CEO Mehran Ehsan says it was the company’s goal all along to be able to list in the US, and it will help broaden the shareholder base
Ahead of a June spud for its first exploration well, Eco has now got the financial wherewithal to pay its share in up to six wells offshore Guyana
A C$60mln fund raise last year to help develop the field was heavily backed by UK institutions
The Joe prospect is estimated to host up to 150mln barrels of oil equivalent, with a 43.2% chance of success – which is well above industry averages, said Eco
The company is exploring and developing graphite mines in historic jurisdictions in Sri Lanka