Oil Man Jim Company Oil & Gas Podcast & Mid-Week Blog, 26th February 2020
February 26, 2020
Some interesting pieces of news in the first couple of days of the week. 88 Energy (88E) confirmed rig mobilisation for the upcoming Charlie-1 appraisal well. Spud now is imminent and drilling & logging are estimated to take around 30 days (https://www.share-talk.com/88-energy-limited-asxlon88e-video-corporate-presentation/) . It's also a credible drill with Premier Oil (PMO) having farmed in.
Aiminex (AEX) pushes forward in Tanzania, so that when approvals are given, they can quickly move into the operational phase. This also is positive for Solo Oil (SOLO), whose shares currently are suspended although the company hopes to be able to shortly provide an update on its proposed reverse takeover transaction Things don't look so good for Tlou Energy (TLOU) who reported that dewatering is taking longer than originally anticipated. I thought it might.
Predator Oil & Gas (PRD) announced a drilling team update; they also announced the exercise of the rig option last week. What they didn't announce was the publication of their CPR last week. Moving on, there was quite a ding dong with the PetroTal (PTAL) pumpers at the weekend.
Reabold Resources (RBD) announced an update on California operations. The number that's missing from their RNS is current oil production. There's a heavy decline rate on these California wells, that they prefer to avoid to mention. Eco (Atlantic) Oil & Gas (ECO) announced unaudited results and a corporate update (https://www.share-talk.com/eco-atlantic-oil-gas-ltd-tsxaimeco-unaudited-results-and-corporate-update/) . It appears there will be no drilling on the Guyana block this year, indeed perhaps never. In contrast, Zenith Energy (ZEN) says it intends to drill in the Congo in April. But that is dependent on many things, though, and in reality, it's not going to happen