HDY.L Share News (HDY)

Production at Europa Oil and Gas's Hykeham-1 well, which lies on the PEDL150 licence near Lincoln, has been bafflingly low. 'To date, the well has produced only small volumes of liquid and some gas. This result is completely incompatible with both the wireline log and geological data from the well,' the company said.Europa is considering its options with the well, including the possibility of abandoning it.SOCO International said the second phase of development has begun on the Ca Ngu Vang oil and gas field, offshore Vietnam.The first well in the programme, CNV-6P-ST1, is expected to take around 60 days to drill.Max Petroleum, the oil and gas firm focused on Kazakhstan, has started drilling the KZN-2 exploration well on the North Kyzylzhar II West Block prospect in Block E. The well is the third of 12 post-salt exploration prospects scheduled to be drilled by the company on Blocks A&E.Oil and gas explorer and producer Leni Gas & Oil said its net reserves across all existing Gulf of Mexico interests are 1.33m barrels of oil equivalent (mmboe) proved, 0.28mmboe probable, 1.96 mmboe possible, and 0.04mmboe prospective resources.The company said production at its Eugene Island asset has been restricted by some performance issues, but expects production levels to return to normal after a higher-capacity natural gas compressor was successfully installed.India-focused oil company Hardy Oil has started drilling an exploration well, KGV-D3-W1, on the company's KG-DWN-2003/1 (D3) exploration licence in the Krishna Godavari Basin on the East Coast of India.The well is the fifth exploration well on D3. The company is on a roll with the previous three exploration wells all discovering gas.The company holds a 10% interest in the D3 licence.