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Pharos Energy has provided an update on its activities in Egypt and Vietnam. The Company reports a modest discovery in Egypt, reconfirming the potential for additional oil on the El Fayum concession. In Vietnam, Pharos is poised to commence a low risk development drilling programme in the Cuu Long Basin and a 3D seismic acquisition programme over exploration acreage in the Phu Khanh Basin.
Oil price Oil is doing nothing as the reporting agencies come in with their monthly reports, even a decent set of inventory stats seemed to be ignored...
AIM-listed United Oil & Gas has provided an update on the Abu Sennan Licence, onshore Egypt. The Minister of Petroleum has approved the award of a development lease covering the ASD-1X discovery, which has commenced production with initial gross rates of 1,295 bopd (285 bopd net to UOG's working interest).
RNS Number: 5000 A United Oil& Gas PLC 02 June 2021/+ United Oil& Gas PLC/ Index: AIM/ Epic: UOG/ Sector: Oil& Gas. United Oil and Gas plc. United Oil&...
Panoro Energy announces DHIBM-2 well did not encounter hydrocarbons in the Gamba reservoi, Equatorial Guinea