The long awaited spud of Burgman looks to be upon us based on weather window and recent gossip/whispers of tugs and helicopter flights booked for rig workers. It could be tomorrow or in next couple of days. My guess is tomorrow could be the day. Nautical were expected to spud Burgman in Mid January but …
2011 February
Xcite – CPR and funding issues intrinsically linked?
The RNS this morning suggests the obvious to me – Funding and CPR go hand in hand. Each support one another. In short – if you are looking to agree a large ‘debt’ facility with a bank to help finance the development of a ‘potentially’ cash generative business, then you have to support it down …
Ithaca successfully drills Athena Dev. Water Injection Well
February 28, 2011, Ithaca Energy Inc. Athena Field Development Water Injection Well-Successfully Drilled Ithaca Energy Inc. (TSX VENTURE:IAE)(AIM:IAE) announces that it has successfully completed the drilling of a water injection well for the Athena field development. Well 14/18b-A1 (“the well”) intersected 325 feet (on a true vertical basis) of net reservoir, exceeding the net reservoir …
Bowleven – Sidetrack commences
Great news for BLVN shareholders – Not only is the sidetrack underway, but the second rig is poised and should soon be spudding the ‘step-out’ down dip which is very exciting. 28 February 2011, Bowleven plc Drilling operations update Sapele drilling operations, Block MLHP-5, Etinde Permit, Offshore Cameroon Bowleven, the West Africa focused oil and gas …
Xcite Energy – Reserves Assessment Process Update
Xcite updates on the long awaited CPR – Don’t get too excited – it’s just a calendar update for the real event. 28 February 2011, Xcite Energy Limited Reserves Assessment Process Update Following the successful Bentley 9/3b-6 well test in December 2010, the Company’s 100% subsidiary, Xcite Energy Resources Limited (“XER”), has been working on a …
2011 Hotlist Results – Week 08
Week 8 of 2011. A very difficult week for the Hotlists in exceptional circumstances. The FTSE 100 finished the week down by a minor 20pts but significantly closed a shade above the 6000 level. The FTSE100 is +1.7% to the good in 2011. Taking into account recent Libya turmoils and recent dividends paided out – …