Oil Man Jim Company Oil & Gas Podcast, 14th September 2019
September 14, 2019
Share Talk first came across Jim Tweets (https://twitter.com/Oilman_Jim) a couple of years ago and we would read his weekly blog (https://www.share-talk.com/category/oilman-jim/) that covered all the highs and lows with a look back at some of the interesting news stories from London’s junior oilers.
Followers, subscribers will be aware that we now publish the weekly bog that @Oilman_Jim (https://twitter.com/Oilman_Jim) publishes each Sunday. We are happy to be able to announce that Jim has agreed to publish a podcast covering some of the junior oilers he is interested in.
UK Oil & Gas PLC (LON: UKOG) (https://www.share-talk.com/uk-oil-gas-plc-lonukog-the-week-that-changed-everything/) The Week that changed everything! On Tuesday we had the update of the Completion of Acquisition (https://www.share-talk.com/uk-oil-gas-plc-lonukog-completion-of-acquisition-in-horse-hill-2/) in Horse Hill.
Wednesday the Surrey County Council Planning and Regulatory Committee granted full planning consent (https://www.share-talk.com/uk-oil-gas-plc-lonukog-horse-hill-granted-long-term-production-consent/) for long-term oil production at the Company’s flagship Horse Hill oil field near Gatwick Airport. This landmark milestone, perhaps the most significant event at Horse Hill since the HH-1 oil discovery, paves the way for the Company to realise the full value of future long-term production from the Horse Hill oil field.
i3 Energy PLC (LON: I3E) (https://www.share-talk.com/i3-energy-plc-loni3e-liberator-well-13-23c-9-preliminary-result/) Liberator Well 13/23c-9 Preliminary Result. Announces that the 13/23c-9 pilot well drilled by the Borgland Dolphin on i3 Energy’s 100% owned Liberator Field has reached total depth at 5818 ft True Vertical Depth Sub-sea (TVDSS) in the Valhall formation.
Petro Matad Ltd (LON: MATD) (https://www.share-talk.com/petro-matad-ltd-lonmatd-heron-1-results-of-drilling-and-wireline-logging/) Heron-1, results of drilling and wireline logging. Data were consistent with our pre-drill prognosis, there is also evidence of zones with better than expected porosity/permeability characteristics.
The well will now be tested and we are pushing the contractor to mobilise equipment as quickly as possible. Further updates will be provided in due course.
Zenith Energy Ltd (LON: ZEN) (https://www.investegate.co.uk/zenith-energy-ltd--zen-/rns/successful-drilling-results/201909090700086256L/) Successful Drilling Results. The Company confirms that the deepening of well C-37 has successfully identified three untapped oil-bearing clastic layers in the Middle Eocene formation with a total net pay zone of approximately 16 metres.
Reabold Resources (LON: RBD) (https://www.investegate.co.uk/reabold-resources--rbd-/rns/successful-appraisal-well-at-parta-licence-romania/201909090700086252L/) Successful Appraisal Well at Parta Licence Romania. The announcement made by ADX Energy Ltd ("ADX") regarding an update on the drilling of the Iecea Mica-1 ("IM-1") appraisal well, located within the Parta license, onshore Romania. Drilling has been completed safely and hydrocarbons have been discovered in multiple zones.
Reabold holds 37 per cent. equity interest in Danube Petroleum, which has 100% working interest in the sole risk area within the Parta licence that includes IM-1, as well as 50 per cent. of the remainder of the Parta licence. ADX is the operator of the well.
ANGLO AFRICAN O&G (LON: AAOG) (https://www.share-talk.com/anglo-african-og-lonaaog-board-changes/) Board Changes. David Sefton has made the decision to resign his position as Executive Chairman and as a director of the Company. David has been instrumental in the development of the Company since 2016.
Still no cash from China for Providence Resources (LON: PVR) (https://www.investegate.co.uk/providence-res---pvr-/gnw/providence-resources-p-l-c----conditional-placing-to-raise-us-3-76-million/20190912070000H2345/) and Lansdowne Oil & Gas (LOGP), however, PVR has started the Barryroe site survey regardless. Absent receipt of funds, both PVR and LOGP are going to have to obtain financing virtually immediately.
Providence Resources (LON: PVR) (https://www.investegate.co.uk/providence-res---pvr-/gnw/providence-resources-p-l-c----conditional-placing-to-raise-us-3-76-million/20190912070000H2345/) Conditional Placing to raise US$3.76 million