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China: Empyrean Energy provides update on Jade prospect well design and well engineering project in Block 29/11, offshore China
05 May 2021
Empyrean Energy, the oil and gas development company with interests in China, Indonesia and the United States, has provided an update on well design and engineering work for the
Jade prospect on Block 29/11, offshore China.
Highlights
Comprehensive analysis completed of drilling data from nearby offset wells, including four CNOOC owned wells
A robust well design for the Jade prospect has been finalised after considering two casing design options
All drilling operation issues have been analysed comprehensively for a safe and cost-effective drilling operation
5 May 2021 | 09:30am
StockMarketWire.com - Oil and gas company Empyrean Energy said it had completed the well design and engineering work for the Jade prospect well on Block 29/11, offshore China, moving it closer to begin preparation for drilling.
The Jade prospect had been assessed by Gaffney Cline to have oil in place potential of 225 MMbbl (mean) with an upside case of 395 MMbbl. Our next step is to utilise the report and recommendations to identify and negotiate a suitable rig for the drilling of Jade. We plan to update shareholders on our ongoing well planning soon, the company said.
At 9:30am: [LON:EME] Empyrean Energy PLC share price was 0p at 4.25p
United Oil and Gas announces final audited results for 2020
26 Apr 2021
AIM-listed
United Oil & Gas, the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, has announced its audited results for the year ended 31 December 2020.
A shareholder call hosted by management will take place at 12.00pm BST today. Should investors wish to participate in the event, please click this link to register https://bit.ly/2S9mfow. A confirmation email with details of the dialling in process will be sent to your email address. A presentation and the 2020 Annual Report will be made available today on www.uogplc.com