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Zimbabwe makes huge oil and gas discovery breakthrough

Australian minnow, Invictus Energy, has moved from citing "encouraging signs of hydrocarbon", in its drilling campaign in Zimbabwe, to formally declaring a hydrocarbon discovery. The company is on the sidetrack to the Mukuyu-2 well, (Mikuyu-2STK), its fourth hole on the Mukuyu prospect, in the Caborra Basa project, onshore Zimbabwe. "We are delighted to declare a…
Mashonaland West Scott Mcmillan Scott Macmillian Invictus Energy President Mnangagwa Caborra Basa

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Frontera announces first quarter 2023 results

Frontera Energy has reported financial and operational results for the first quarter ended March 31, 2023. Fronteras first quarter results were in-line with its 2023 capital and production guidance. The Company delivered average daily production of 41,586 boe/d, generated $91.9 million of operating EBITDA, and invested $131.5 million in capital expenditures.
United States Orlando Cabrales Frontera Energy Guyana Corp Frontera Energy Guyana Holding Ltd Most Ethical Companies Frontera Energy

Brazil: Karoon Energy drills successful second control well at the Neon discovery, Santos basin

Karoon reports that the Neon-2 control well reached a final total depth of 2,357 metres MD on 7 March 2023. The well was spudded to the northeast of the Echidna-1 discovery well. Neon-2 encountered net oil pay of 105 metres and reservoir quality similar or better than Echidna-1 and Neon-1, and with a similar pressure regime.

Julian Fowles Karoon Energy Measured Depth Noble Developer Contingent Resources Executive Officer

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