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https://jpt.spe.org/alaska-north-slope-projects-mush-on
Alaska North Slope Projects Mush On
A trio of oil projects gears up to boost throughput on the Trans-Alaska Pipeline System.
August 19, 2022 By Jennifer Presley
Journal of Petroleum Technology
Alaska's North Slope is seeing a surge of activity as companies continue to advance big exploration projects closer to the goal of turning these fields over to production in the next decade.
Several projects are in the race to be the first to add fresh oil to the Trans-Alaska Pipeline System (TAPS) and, in the ......................
https://www.thebharatexpressnews.com/plans-for-massive-gas-production-off-the-coast-of-south-africa/
Plans for massive gas production off the coast of South Africa
South Africa expects TotalEnergies SE to submit a production plan within weeks to leverage a productive offshore gas discovery that will be a key part of the growing investment in the sector.
Petroleum Agency South Africa is “very confident” that the French major will complete talks with state-owned PetroSA and complete the required production plan to keep the license, which would otherwise expire on Sept. 6, chief executive officer Phindile Masangane said in an interview . A spokeswoman for TotalEnergies declined to comment.
The most industrialized country in Africa has no commercial oil and gas production, making it dependent on imports of the fuel. The search for domestic resources has met unprecedented opposition in recent months from communities and activists who have successfully blocked the exploration activities of companies, including Shell Plc.
“As the Petroleum Agency, we recognize that South Africa’s upstream oil and gas industry has become contentious,” Masangane said. Steps are being taken to improve guidelines around local consultations, which have been criticized by groups in court, as the regulator aims to increase activity, she said.
Production of the newly discovered Block 11B/12B could breathe new life into PetroSA’s 45,000-barrel-a-day gas-to-liquids plant in Mossel Bay, which has run out of raw material. South Africa also plans to use the fuel to move away from coal, which is used to generate nearly all of the country’s electricity.
If TotalEnergies meets the requirements, obtains environmental permits and starts development — located in an area considered one of the most difficult ocean environments due to the Agulhas Current — production could begin as early as 2026, Masangane said.
South Africa has also turned its attention back to the Karoo, a gas-rich, semi-desert region of the country where dozens of wells were planned by Shell and other explorers nearly a decade ago before environmental problems and legal uncertainty curbed activity.
The environment minister last month issued regulations for public comment on hydraulic fracking, a drilling technique that has raised concerns about water use in the Karoo.
According to Masangane, the government will conduct seismic activity by the end of the year to determine which blocks should be licensed after the rules are finalized. Groundwater and geological studies are also being conducted in the areas rich in biodiversity, she said.
The next oil and gas well in South Africa is expected to start in September. Eco Atlantic Oil & Gas Ltd and its partners have hired an oil rig scheduled to arrive off the coast of South Africa and start exploration in Block 2B. Processes leading up to the activity have been closely monitored, according to Masangane. “We are satisfied and do not anticipate a legal battle.”
Video interview :
Shorting update - still loads of shorting of ECO Atlantic going on. Shorts built before the JHI deal was terminated.....and still are to be closed. :
Canada under EOG ticker as of 31st July 1.3m shares shorted.
https://ceo.ca/eog.v
USOTC under ECAOF ticker as of 31st July 2.3m shares shorted.
https://www.defenseworld.net/2022/08/18/eco-atlantic-oil-gas-ltd-otcmktsecaof-sees-large-decline-in-short-interest.html
London under ECO ticker - CREST borrowing as of July 3.3m shares borrowed.
https://my.euroclear.com
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PANR (PTHRF) Excellent news !!
https://www.londonstockexchange.com/news-article/PANR/operational-update-alkaid-2-well/15590203
Pantheon Resources plc
Operational Update, Alkaid #2 Well
Corporate Update
Pantheon Resources plc ("Pantheon" or the "Company"), the AIM listed oil and gas company with a 100% working interest in all of its oil projects spanning c. 153,000 acres adjacent and near to transportation and pipeline infrastructure on the Alaska North Slope ("ANS"), is pleased to announce the conclusion of drilling operations, and the commencement of preparations for stimulation and flow testing at the Alkaid #2 well.
Alkaid #2 Well - Horizontal Lateral Target Depth Reached
Drilling operations at the Alkaid #2 horizontal well bore have now concluded, reaching a total measured depth of 14,300 feet ('ft') which includes a lateral length of 5,300 ft. A 5 ½ inch liner has been run, set, cemented at the bottom and tested for integrity. Pantheon, like all companies in the oil and gas industry, is experiencing significant inflationary cost and supply chain pressures at present, and hence is extremely pleased that drilling of the lateral section was accomplished smoothly and without incident.
As previously announced, future production wells will have a targeted lateral length of +/- 8,000 ft. However, as this is Pantheon's first horizontal well on the North Slope, and to minimize operational risk and still deliver the production data needed to optimize development of the resource, the Company adopted a conservative approach and utilized a shorter lateral.
Analysis of the logging while drilling (LWD) and gas chromatograph readings indicate that the improved reservoir parameters encountered in the vertical pilot hole have continued or improved in the horizontal well bore. This data further confirms the accuracy of Pantheon's geological models and provides the Company with greater confidence to predict reservoir tops and bottoms. As previously announced, initial analysis indicates significant improvements in reservoir quality which has the potential to lead to upgrades of the current resource estimates for all targeted horizons.
Analysis of data received to date also highlights the progression in the Company's ability to accurately predict the presence of light oil bearing reservoirs using 3D seismic data, geological and geophysical capabilities, further enhancing confidence in future drilling and development planning. The quality of data received from the well has been extremely high and the Company will assess the flow test and other well data before making a final decision on the winter 2022/23 operations program.
Next Steps - Long Term Production Testing
Future operations at Alkaid #2 involve demobilizing the Nabors Rig 105 and moving in a smaller completion rig to undertake the extended completion operations of perforating and stimulating the horizontal section approximately every 165 ft and will necessitate +/- 30 separate perforation and stimulation stages.
After the completion, long term production testing will utilize a modular production kit capable of separating any oil, gas or water from the production stream before trucking this oil to a nearby production unit for sale. As mentioned previously, Pantheon will use unconventional production techniques, applying this technology to the conventional sandstone reservoirs encountered across the entire project area.
Corporate Update
The Company is also pleased to announce that it is in the process of applying for the Company's ordinary share capital to trade on the OTC Market's OTCQX trading platform in the Unites States. The OTCQX is the top tier of the three marketplaces for the OTC trading of stocks and will allow U.S. investors greater ability to access the Company's Ordinary Shares in U.S. dollars and during U.S. market hours. The Company is not seeking a fundraising in conjunction with this process.
Bob Rosenthal, Technical Director, said: "I am incredibly proud of the result so far and of the superb work of our team. The first development well in any new area can sometimes yield unexpected surprises as we never really know what wellbore conditions to expect over such a long distance, and hence I am delighted we reached 5,300 ft without incident, an important milestone for me because it exceeded my personal goal of one mile. This latest operation appears to reinforce the accuracy of our geological modelling, giving me great confidence in our modelling of the other, even larger, projects in our 100% owned portfolio."
Jay Cheatham, CEO, commented: "We have achieved another important milestone in demonstrating our ability to successfully drill a long lateral well. Globally, conditions for drilling oil and gas wells are challenging at present, with strong oil prices driving record demand for drilling and support services, resulting in higher costs and supply chain issues across the industry; so today's news is extra special for us.
"Each milestone that Pantheon achieves translates into a reduction in risk and increased confidence in the potential of the large resource discovered to date. As always, we must remind investors that despite the positive results so far, a definitive assessment of the commerciality of the well cannot be made until flow testing has occurred.
"Our successes over the past couple of years continues to attract interest from U.S. based investors. Upgrading to the OTCQX will be an important step in allowing greater flexibility in trading, particularly for U.S. investors."
Excellent news !!
https://www.londonstockexchange.com/news-article/PANR/operational-update-alkaid-2-well/15590203
Pantheon Resources plc
Operational Update, Alkaid #2 Well
Corporate Update
Pantheon Resources plc ("Pantheon" or the "Company"), the AIM listed oil and gas company with a 100% working interest in all of its oil projects spanning c. 153,000 acres adjacent and near to transportation and pipeline infrastructure on the Alaska North Slope ("ANS"), is pleased to announce the conclusion of drilling operations, and the commencement of preparations for stimulation and flow testing at the Alkaid #2 well.
Alkaid #2 Well - Horizontal Lateral Target Depth Reached
Drilling operations at the Alkaid #2 horizontal well bore have now concluded, reaching a total measured depth of 14,300 feet ('ft') which includes a lateral length of 5,300 ft. A 5 ½ inch liner has been run, set, cemented at the bottom and tested for integrity. Pantheon, like all companies in the oil and gas industry, is experiencing significant inflationary cost and supply chain pressures at present, and hence is extremely pleased that drilling of the lateral section was accomplished smoothly and without incident.
As previously announced, future production wells will have a targeted lateral length of +/- 8,000 ft. However, as this is Pantheon's first horizontal well on the North Slope, and to minimize operational risk and still deliver the production data needed to optimize development of the resource, the Company adopted a conservative approach and utilized a shorter lateral.
Analysis of the logging while drilling (LWD) and gas chromatograph readings indicate that the improved reservoir parameters encountered in the vertical pilot hole have continued or improved in the horizontal well bore. This data further confirms the accuracy of Pantheon's geological models and provides the Company with greater confidence to predict reservoir tops and bottoms. As previously announced, initial analysis indicates significant improvements in reservoir quality which has the potential to lead to upgrades of the current resource estimates for all targeted horizons.
Analysis of data received to date also highlights the progression in the Company's ability to accurately predict the presence of light oil bearing reservoirs using 3D seismic data, geological and geophysical capabilities, further enhancing confidence in future drilling and development planning. The quality of data received from the well has been extremely high and the Company will assess the flow test and other well data before making a final decision on the winter 2022/23 operations program.
Next Steps - Long Term Production Testing
Future operations at Alkaid #2 involve demobilizing the Nabors Rig 105 and moving in a smaller completion rig to undertake the extended completion operations of perforating and stimulating the horizontal section approximately every 165 ft and will necessitate +/- 30 separate perforation and stimulation stages.
After the completion, long term production testing will utilize a modular production kit capable of separating any oil, gas or water from the production stream before trucking this oil to a nearby production unit for sale. As mentioned previously, Pantheon will use unconventional production techniques, applying this technology to the conventional sandstone reservoirs encountered across the entire project area.
Corporate Update
The Company is also pleased to announce that it is in the process of applying for the Company's ordinary share capital to trade on the OTC Market's OTCQX trading platform in the Unites States. The OTCQX is the top tier of the three marketplaces for the OTC trading of stocks and will allow U.S. investors greater ability to access the Company's Ordinary Shares in U.S. dollars and during U.S. market hours. The Company is not seeking a fundraising in conjunction with this process.
Bob Rosenthal, Technical Director, said: "I am incredibly proud of the result so far and of the superb work of our team. The first development well in any new area can sometimes yield unexpected surprises as we never really know what wellbore conditions to expect over such a long distance, and hence I am delighted we reached 5,300 ft without incident, an important milestone for me because it exceeded my personal goal of one mile. This latest operation appears to reinforce the accuracy of our geological modelling, giving me great confidence in our modelling of the other, even larger, projects in our 100% owned portfolio."
Jay Cheatham, CEO, commented: "We have achieved another important milestone in demonstrating our ability to successfully drill a long lateral well. Globally, conditions for drilling oil and gas wells are challenging at present, with strong oil prices driving record demand for drilling and support services, resulting in higher costs and supply chain issues across the industry; so today's news is extra special for us.
"Each milestone that Pantheon achieves translates into a reduction in risk and increased confidence in the potential of the large resource discovered to date. As always, we must remind investors that despite the positive results so far, a definitive assessment of the commerciality of the well cannot be made until flow testing has occurred.
"Our successes over the past couple of years continues to attract interest from U.S. based investors. Upgrading to the OTCQX will be an important step in allowing greater flexibility in trading, particularly for U.S. investors."
Ref to the I3E/EOG Serenity well........
Europa Oil and Gas heralds 'transformational' spud of of Serenity well
Europa Oil and Gas's CEO, Simon Oddie, gave Proactive London details of 'exciting times' ahead with the start of drilling at its first offshore North Sea well: Serenity. Spudding of the well is scheduled in September with results expected fairly shortly afterwards, said Oddie. It is one of the company's 'two pistons of growth', he says, alongside the UK onshore well Wressle where there is also big potential for Europa and its partners to boost production.
Africa Oil Corp are a major shareholder in ECO Atlantic (London: ECO, Canada:EOG, USOTC:ECAOF). They have 16.7% of the total shares in issue of ECO. ECO spud the Gazania-1 well in late September this year, anything from 300 to 500 million recoverable barrels. ECO own 50% of the South Africa 2B license area where Gazania-1 is being drilled - prime Orange Basin. It could well be that if Gazania-1 strikes oil that Africa Oil will decide to farm into this, or indeed they might take the whole 50% from ECO. With the refinery coming on line in South Africa in Q4 this year, this would be a perfect quick development. So expect some action potentially if Gazania-1 strikes oil because this would be a perfect development for Africa Oil Corp.
Worth watching this video.....the Executive Chairman of the African Energy Chamber says ECO are being super conservative, he reckons Gazania-1 is not going for 300m barrels recoverble, he says 900 million to 1.4 billion. 500 million recoverable easy in the success case ?!?!?!?!
From 4 minutes in for ECO/Gazania-1 comments.
Should be rig news this week.........mobilise to Serenity well location is near.
Rig will be in Las Palmas on 30th August, and then to location to drill. So spud last week of September should be correct.
https://www.marinetraffic.com/en/ais/details/ships/shipid:313453/mmsi:259081000/imo:8769731/vessel:ISLAND_INNOVATOR
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ECO Atlantic thread here : https://investorshub.advfn.com/Eco-Atlantic-Oil-and-Gas-Ltd.-ECAOF-24467
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Gazania-1 is target around 350 million barrels of prospective resources via the two main targets.
Upper is the Namaqualand and below that the Gazania target.
If those targets have oil, they will then do a sidetrack into the Pelargonium target which would then take prospective resources up to around 500 million barrels.
At 60 dollars oil price, a commercial discovery is anything over 50 million barrels.
So all the targets of the Gazania-1 are commercial as a stand alone, either Namaqualand or Gazania or Pelargonium - or if they all come in, its a 500 million recoverbale barrel monster discovery.
As from the March 2022 CPR (link below)
EVO has over 8 billion barrels of Net (yes net to ECO) Prospective Resources.
Kind of blows other companies billion or two of prospective resources out of the water......... All in the worlds leading play areas that are super hot with interest (Orange Basin and Guyana) with all the Majors piling in and spending a fortune there.
ECO really has the potential for one massive ride upwards. Just need Gazania-1 drill to come in good and also the 3B/4B farm out and ECO will be nearing 300p, not 30p..........
https://wp-ecooilandgas-2020.s3.eu-west-2.amazonaws.com/media/2022/03/AIM2022CP-ECO-Report-final-3-22-2022.pdf
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https://www.alignresearch.co.uk/eco-atlantic-oil-gas/eco-atlantic-oil-gas-tremendous-read-across-for-eco-from-offshore-guyana-discoveries/
Eco (Atlantic) Oil & Gas – Tremendous read across for Eco from the latest offshore Guyana discoveries
July 27, 2022
.........There was big news yesterday from leading global independent energy company Hess Corporation which was able to announce two new discoveries at the Seabob-1 and Kiru-Kiru-1 wells on the Stabroek Block offshore Guyana. We believe this has a tremendous read across for Eco (Atlantic) Oil & Gas.
Stabroek Block is the block tha..............
.........There is no doubt that Eco is exploring for oil and gas in some global hotspots of todays’ hydrocarbon world – offshore Namibia and offshore South Africa, along with offshore Guyana. In January 2022 we updated our research coverage on Eco with a Conviction Buy stance and a target price of 114.65p, when the stock was trading at 23.75p. ........
Gazania-1 comes in good - ECO goes to a billion pound market cap.
Thats just a nice 10 bagger........... from 1 well.
Even the CEO says its a 10 bagger well.... listen to the interview... link below.
https://www.alignresearch.co.uk/eco-atlantic-oil-gas/dr-michael-green-interviews-gil-holzman-ceo-of-eco-atlantic-oil-gas/
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30 Jun 2022
Eco Atlantic Oil & Gas says portfolio has several "company maker" wells
Strong day.
Approaching 10% up for today.
However, that is still so cheap given the potential. Company maker well in Q4 this year.......and then 4 company maker wells in 2023 as a minimum.
Hottest license areas in the world...... Orange Basin and Guyana.
Price rising fast in London now. Gazania-1 comes in good, this should gain 1000%.........ten bagger.
12 Aug 2022 Video interview with EOG CEO
Europa are delighted to link with I3E and look forward to early September Serenity appraisal spud
Orange Basin offshore Namibia and South Africa is going to be the super hot spot of 2023....... along with Guyana. Lucky #ECO @EcoAtlantic_OG have all - Guyana/Namibia/South Africa. Lots of eyes on Gazania-1 well, spudding soon. Ten bagger potential for #ECO #oil #oilandgas
Will it be Total farming in ? or Chevon farming in ? to Block 3B/4B ?
ECO has offshore Namibia and South Africa - and its the new hot spot............news will happen before too long imo in terms of farms ins.....
For sure...........Many many eyes will be watching the Gazania-1 drill spudding September.........Orange Basin and on trend, does it extend all the way down ? Exciting times.
https://www.upstreamonline.com/exclusive/chevron-set-to-enter-coveted-block-offshore-namibia/2-1-1276469
Chevron set to enter coveted block offshore Namibia
Upstream understands the US supermajor close to farming in to high-potential Orange basin acreage
11 August 2022 11:24 GMT Updated 11 August 2022 12:16 GMT
By Iain Esau in London
US supermajor Chevron is set to take a majority stake in a highly coveted ultra-deepwater block offshore Namibia, just north of TotalEnergies’ huge Venus discovery, according to multiple sources.
Upstream understands that a farm-in deal covering what is probably one of the most sought-after licences in the Orange basin has almost been wrapped up and is due to be announced soon.
If confirmed, the transaction will mark Chevron’s first entry into southern Africa since its aborted foray into South Africa’s nascent onshore shale gas play some years ago.
The California-headquartered player’s current African portfolio is centred on its Angolan assets offshore Cabinda.
Three well-placed sources told Upstream that the upcoming deal covers Block 2813B, directly north of the multi-billion barrel Venus discovery.
This block is operated by Australian junior Harmattan Energy following Tullow Oil’s exit from the acreage just weeks before the results from the Venus-1 wildcat and Shell's Graff-1 probe were unveiled.
Commenting on Chevron’s proposed entry into the asset, one informed source said it is “pretty much a done deal”, adding that the US giant has looked at South African Orange basin acreage in the past “so a deal in Namibia is not surprising".........................
Snippets from Africa Oil results :
https://www.yahoo.com/now/africa-oil-announces-strong-second-000000098.html
........Africa Oil President and CEO Keith Hill commented: "I am pleased to announce another robust quarter that has led to further strengthening of our now debt-free balance sheet with a cash balance of $191 million. Our shareholders can look forward to a busy second half of the year of catalysts including the expected license extension in Nigeria and refinancing of Prime's RBL debt facility; the two-well Venus appraisal program; the Gazania-1 exploration well; and the potential farm-out of Project Oil Kenya."............
..............The Venus discovery is a light oil and associated gas field, sitting approximately 290 kms off the Namibian coast. The Venus-1X discovery well was drilled by TotalEnergies on behalf of the joint venture group comprising TotalEnergies (40%), QatarEnergy (30%), Impact (20%) and state owned NAMCOR (10%).
An appraisal well and a re-entry into Venus-1X is being planned, with spud expected in Q3 2022. The operator plans to conduct flow tests on both wells.
Venus, together with the nearby Graff-1 discovery on the adjacent Block 2913A (the Company has no interest in this block), herald the opening of a major petroleum province in the Orange Basin with significant upside potential for the Company. As well as the immediate significance of Venus for the Company, both Venus and Graff discoveries also bode well for the Company's exploration efforts on Block 3B/4B, which it operates with a 20% WI and Impact's Orange Basin Deep Block, both located on trend in the Orange Basin, South Africa.
The Company has filed an application to extend Block 3B/4B license and to move into the first extension period. The Company is also continuing its technical studies on Block 3B/4B with the aim of maturing exploration prospects for possible future drilling. The Company and JV Partners are working together to collectively farmout up to 50% gross WI in Block 3B/4B.
The Company, through its shareholdings in Africa Energy and Eco, has indirect effective interest in the Gazania-1 exploration well on Block 2B, offshore South Africa, which is expected to spud in September 2022. The block has significant contingent and prospective resources in relatively shallow water and contains the A-J1 discovery that flowed light sweet crude oil to surface. Gazania-1 will target two large prospects seven kilometers up-dip from A-J1..........
So, lets estimate again the coming RNS
Week commencing Monday 15th August - Operational and Financial Update
Rig mobilisation news and Q2 results.
Week commencing Monday 5th September - October dividend announcement
0.1425p a share again.
Week commencing 12th or 19th September - Serenity Appraisal well spud
Week commencing 26th September - Interims
Half year report and potential Special Dividend news.
Week commencing 10th or 17th October - Serenity appraisal well results due.
Cenkos comment today :
Eco (Atlantic) Oil & Gas N/R (ECO.L, 27.5p, £80m) final results. As at 31 March 2022, the Company had cash of US$3.4m and no debt. As at 31st March 2022, the Company had total assets of US$45.9m, total liabilities of US$5.6m and total equity of US$40.2m.
Post period, Eco successfully raised gross proceeds of US$37.8m, with the Company’s cash balance as at 29 July 2022 being US$37.7m.
In March 2022, Eco announced an updated CPR on its assets, highlighting prospective resources of 681mmbbls of oil and 544Bcf of gas in Guyana, 864mmbbls of oil and 309Bcf in South Africa and 6,705mmbbls of oil and 6.6Tcf of gas in Namibia.
Eco and its partners are assessing all opportunities to drill at least two exploration wells into the light oil cretaceous targets in Guyana as soon as possible.
In Namibia, Eco highlights that it is witnessing considerable interest in its licences post the Venus and Graff discoveries, and is currently assessing options as to how best move forward with progressing exploration and commercial activity on them.
In Block 2B, offshore South Africa, the JV partners remain on track to drill the Gazania-1 well in September 2022.
With regards to Orinduik and drilling the "light oil" Cretaceous targets......I think we will be moving forward soon.
Tullow has its merger but also hopefully will be selling some of its Kenyan assets, which will give them much needed cash to go exploring again, including offshore Guyana in the Orinduik license area, which is perfectly located between Liza and the Carapa-1 oil discovery. The Orinduik Cretaceous targets are very prospective.
This Indian deal goes ahead for Tullow, they will have cash to splash again.
https://www.businessdailyafrica.com/bd/corporate/companies/india-eyes-tullow-oil-stake-in-turkana-for-sh356-5bn-3899736
Indian government to buy Sh356.5bn Tullow Oil stake in Turkana
Tuesday August 02 2022
......................
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https://guyanatimesgy.com/after-33-oil-finds-guyanas-stabroek-block-one-of-the-most-prolific-of-all-time-expert/
Stabroek Block one of the most prolific of all time – expert
August 4, 2022
..........According to Parker, Exxon’s level of success in the Stabroek block has not yet been replicated by Exxon and other oil companies in other blocks in Guyana’s waters. He noted that of the four oil discoveries outside Stabroek, only one has commercial potential… although there has been talk by the Orinduik partners of revisiting one of the wells, Jethro, and its commercial viability............
Ultimately, for me, the previous good result at Serenity was diminished by poor drilling results at Liberator, and we are where are today, where Serenity is in fact not really included in the I3E share price.
The current price is more than covered by the Canadian assets, production, cash flow and dividends being paid out monthly.
Serenity, imo, is already proven to be commercial on a stand alone basis and what we are looking at ahead is appraisal wells that will confirm, or not, that Serenity is much bigger than currently proven. Success at the coming appraisal well should see a very real step change in the i3E share price, as Serenity goes from the current "no value attributed" to become "of value" in the share price.
Rig update for Serenity appraisal well should be coming in a week or so, mobilised, then spud in early September all being well.
If anyone wants some bedtime reading, this is the July 2020 TRACS report done for i3E on NS/Liberator.
https://cdn-ceo-ca.s3.amazonaws.com/1g8j4d8-NS+SERENITY+REPORT+%28TRACS%29.pdf
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Taken from Baytex August 2022 presentation, look at the Clearwater wells payout at 85$ WTI price........
4 months. With IRR over 500%. And I3E have lots of lovely Clearwater play to drill and develop. Its one of the worlds currently most profitable oil plays, given the extreme low cost of drilling (no casing needed and no fraccing) and good flow rates.
People I beleive really are not wide awake to what I3E has.
Link to presentation : https://www.baytexenergy.com/files/pdf/corporate-handouts/2022/2022-08-1%20August%20Presentation.pdf
https://www.bloomberg.com/news/articles/2022-08-04/saudi-arabia-raises-oil-prices-into-record-territory-for-asia
Saudi Arabia Raises Oil Prices for Asia to Record Levels
Saudi Aramco raises Arab Light grade for Asia to record level
Move comes a day after OPEC+ agreed to a small output increase
BySharon Cho 4 August 2022 at 16:17
Saudi Arabia raised oil prices for buyers in Asia to record levels, a sign the world’s largest exporter sees the region’s market remaining tight.
Despite indications that slowing economies are starting to hit global demand for crude, state producer Saudi Aramco increased its Arab Light grade for next month’s shipments to Asian refineries to $9.80 a barrel above the Middle Eastern benchmark. That’s 50 cents than in August.
Still, traders and refiners had expected a bigger jump of $1.50, according to a Bloomberg survey in late July. That was before data emerged this week showing that Americans are driving less than they did in the summer of 2020, when pandemic travel curbs all but halted movement.
Aramco also increased all US grades, with prices for the region going up by 50 cents a barrel. It was the first change Aramco has made for American customers since May.
For Europe, the company lowered light crude varieties and raised medium and heavy types.
The decision came a d...........
https://www.bloomberg.com/news/articles/2022-08-04/saudi-arabia-raises-oil-prices-into-record-territory-for-asia
Saudi Arabia Raises Oil Prices for Asia to Record Levels
Saudi Aramco raises Arab Light grade for Asia to record level
Move comes a day after OPEC+ agreed to a small output increase
BySharon Cho 4 August 2022 at 16:17
Saudi Arabia raised oil prices for buyers in Asia to record levels, a sign the world’s largest exporter sees the region’s market remaining tight.
Despite indications that slowing economies are starting to hit global demand for crude, state producer Saudi Aramco increased its Arab Light grade for next month’s shipments to Asian refineries to $9.80 a barrel above the Middle Eastern benchmark. That’s 50 cents than in August.
Still, traders and refiners had expected a bigger jump of $1.50, according to a Bloomberg survey in late July. That was before data emerged this week showing that Americans are driving less than they did in the summer of 2020, when pandemic travel curbs all but halted movement.
Aramco also increased all US grades, with prices for the region going up by 50 cents a barrel. It was the first change Aramco has made for American customers since May.
For Europe, the company lowered light crude varieties and raised medium and heavy types.
The decision came a d...........
Monthly Dividend news - September 2022 divi
https://www.investegate.co.uk/i3-energy-plc--i3e-/rns/september-2022-dividend-declaration/202208030700076688U/
i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, is pleased to announce the following update.
Monthly Dividend
i3 announces its monthly dividend totalling £1.6996 million and confirms the following:
Dividend: 0.1425 pence/share
Ex-Dividend Date: 11 Aug 2022
Record Date: 12 Aug 2022
Payment date: 2 Sep 2022
Payment to shareholders holding their shares on the TSX will be made in Canadian dollars using the exchange rate from the Bank of England at close on the Dividend announcement date, 3 Aug 2022.
Web site : https://www.gulfkeystone.com/
Gulf Keystone is the operator of the Shaikan Field, one of the largest developments in the Kurdistan Region of Iraq.
The Company’s strategy is to create value for all stakeholders by driving sustainable and profitable production growth from the staged development of the Shaikan Field, balanced with distributions to shareholders.