Live Breaking News & Updates on Upper Cruse|Page 6
Stay updated with breaking news from Upper cruse. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Trinidad: Challenger Energy provides Saffron-2 drilling update 14 Jun 2021 AIM-listed Challenger Energy, the Caribbean and Atlantic margin focused oil and gas company, with production, appraisal, development and exploration assets across the region, has provided an update on progress at the Saffron-2 appraisal well, currently being drilled at the Saffron project in the South-West Peninsula of Trinidad. The well is targeting the Middle and Lower Cruse reservoirs with an expectation (based upon the Saffron-1 discovery well) of production rates in the range of 200 - 300 bopd. Highlights Drilling has advanced through the lower section of the Middle Cruse to a depth of 2,804ft; formations encountered in line with pre-drill expectations ....
Follow Jamie on: It was a short but active week for the small-cap oil and gas sector. Challenger Energy Group PLC (LON:CEG) – the company formerly known as Bahamas Petroleum - revealed results from the top section of the Saffron-2 well have been in-line with expectations. The well has so far been completed to a depth of 1,593 feet, on time and on budget, and has encountered the Upper Cruse and upper parts of the Middle Cruse formations. Logs for the sections are ‘as prognosed’ and consistent with comparable logs from Saffron-1, the company noted. Drilling will now progress deeper to evaluate the deeper Middle Cruse, and then the Lower Cruse. ....
Follow Jamie on: It was a short but active week for the small-cap oil and gas sector. Challenger Energy Group PLC (LON:CEG) – the company formerly known as Bahamas Petroleum - revealed results from the top section of the Saffron-2 well have been in-line with expectations. The well has so far been completed to a depth of 1,593 feet, on time and on budget, and has encountered the Upper Cruse and upper parts of the Middle Cruse formations. Logs for the sections are ‘as prognosed’ and consistent with comparable logs from Saffron-1, the company noted. Drilling will now progress deeper to evaluate the deeper Middle Cruse, and then the Lower Cruse. ....
AIM-listed Challenger Energy has provided an update on progress at the Saffron-2 appraisal well, currently being drilled in the South-West Peninsula of Trinidad. The well is being drilled to achieve profitable immediate production and cashflow, and to enable the Company to define an appropriate development plan for the Saffron field. ....
Hurricane has announced that it has resolved not to exercise its option to extend the bareboat charter of the Aoka Mizu FPSO for a period of three. ....