focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Https://www.bloomberg.com/news/articles/2023-09-29/crude-production-in-us-nears-record-as-texas-shale-output-soars
Pennpetro Energy's Texas Well Had Strong First Production Month
Https://www.bloomberg.com/news/articles/2023-12-11/shale-drilling-rights-jump-to-pre-covid-price-amid-buying-spree
https://finance.yahoo.com/news/occidental-petroleum-buy-crownrock-12-120620740.html
"The farm-in cost is capped at £4.6 Million, which isn't enough to cover the cost of acquiring, processing & interpreting the 3D Seismic, integrating the results into their Geological model and also the drilling of HH-3 (if it ever gets drilled)."
And what if their farminee, PennPetro Energy, announce increased flow rates from current and proposed new drills that drives the share price up so they can raise more cash ? Sounds good to many investors.
The United States had a record year, and Chevron and Exxon Mobil are busily acquiring rivals with untapped reserves, indicating that they think they are none too concerned about the alleged looming threat of peak oil.
"In addition to the continued profitability of the existing oil production from HH-1, which UKOG's subsidiaries will retain all rights to, this farmin offers the prospect of increased production and revenues to the Company at zero capital cost"
Https://edition.cnn.com/2023/12/11/climate/cop-28-draft-agreement-fossil-fuel-monday/index.html
https://markets.ft.com/data/indices/tearsheet/summary?s=FTAXX6010E:FSI
0.80 p ?
Https://edition.cnn.com/2023/12/11/climate/cop-28-draft-agreement-fossil-fuel-monday/index.html
#UPL JTS study has confirmed the prospectivity & enhanced our understanding of the SK334 block.
Several oil & gas seepages were recorded in the delineated prospective areas, & a hydrocarbon micro seepage oil study has confirmed the presence of active petroleum systems
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Looks like a bottom has been found for now.
Nice technical bounce from mid .3s