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AIM-listed oil explorer Global Petroleum has had a positive result on the fifth well of its part-owned Leighton project. Texan Petroleum, the majority owner of the prospect, said Tyler Ranch #4 had encountered oil and gas shows in the Olmos reservoir at a depth of 2,701 metres. The oil and gas sho
Read moreAustralia-based AIM-listed oil explorer Globl Petroleum said the third well at its 15% owned Leighton project in Texas has begun to flow oil and gas. The Tyler Ranch #2 well flowed oil and gas at the gross rate of 366 barrels of oil equivalent per day (boepd) from the Olmos reservoir. The flow rat
Read moreOil explorer Tower Resources said it did not encounter any producible reservoir sands at the Iti-1 exploration well in Uganda Licence EA5. "Minor hydrocarbon shows were monitored during drilling but evidence of limited quantities of oil in the lowermost target horizon remained ambiguous in the subs
Read moreOil and gas explorer Tower Resources said the outcome of its drilling operations in its first exploration well in Uganda Licence EA5 cannot be determined yet. The group was forced to make a statement after it shares slid by more than 30%. Global Petroleum, which earns up to 50% interest from the li
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