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E&P International Highlights (Week of June 14, 2021)

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1 Trinidad
Touchstone Exploration completed an exploration well at #1-Cascadura Deep in the Ortoire Block onshore Trinidad. The well was drilled to a total depth of 8,303 ft, and drilling operations were suspended due to high-pressure gas zones encountered. The venture hit a total sand thickness of 2,100 ft in multiple, stacked thrust sheets in the Herrera section. According to the company, wireline logs indicated gas pay totaling approximately 1,315 net ft in four unique thrust sheets from a depth of 5,455 ft to total depth. In addition, an aggregate 1,007 net ft of gas pay was identified in the overthrust sheets, an increase of approximately 20% compared to the #1ST1-Cascadura discovery, and additional gas pay of approximately 308 net ft was encountered in two previously untested Herrera thrust sh ....

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UK: Jersey Oil and Gas provides Greater Buchan Area Development Project operational update

AIM-listed Jersey Oil & Gas has provided an operational update in respect of its Greater Buchan Area ( GBA ) Development Project. ....

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TRADING UPDATES: Block Energy 2020 revenue jumps; Kanabo loss narrows

TRADING UPDATES: Block Energy 2020 revenue jumps; Kanabo loss narrows
Wed, 2nd Jun 2021 19:10
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Block Energy PLC - development and production company focused on Georgia - Reports revenue for 2020 of USD1.3 million compared to USD310,000 the year ago, resulting in pretax loss of USD5.5 million versus USD6.1 million in 2019. Block Energy says production of oil and gas from the two horizontal wells in its West Rustavi licence area was suspended in April 2020 to avoid selling oil at low prices. Despite that, the company says it sold 34,421 barrels, up from 5,210 barrels the year prior. Meanwhile, on February 15, the company says it has achieved its first gas sales. ....

United States , Bangladesh General , Abu Roash , Egypt General , Trinidad And Tobago , United Kingdom , West Berkshire , Georgia General , Mali General , City Of , Chile General , Abu Sennan , Peter Moon , Tim Levene , Rolf Gerritsen , Evelina Grecenko , Avihu Tamir , Depop Ltd , Alliance News , Pennpetro Energy , Destiny Pharma , Patagonia Energy Ltt , Scottish American Investment Co , Bezant Resources , Cornerstone Capital Resources Inc , Us Patent Trademark Office ,

TRADING UPDATES: Team PLC prices IPO; Nostra's Cypress doubles

TRADING UPDATES: Team PLC prices IPO; Nostra s Cypress doubles
Wed, 3rd Mar 2021 21:53
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Mitie Group PLC - Glasgow-based facilities management - GLAS Trust Corp Ltd intends to sell up to 149.0 million share, or 10.5% stake in company in secondary placing. Jefferies International Ltd is acting as sole global coordinator and bookrunner. The sale represents all of GLAS s holding in Mitie. Shares in company closed at 56.80 pence in London on Wednesday.
Permanent TSB Group Holdings PLC - Dublin-based personal and small business bank - Records pretax loss of EUR166 million in 2020, as net interest income reduced by 4% year-on-year. Says performing loan book income was broadly stable in 2020 supported by the active management of the bank s cost of funds. NIM worsens to 1.73% from 1.80%. Total new lending of about EUR1.4 bill ....

Glasgow City , United Kingdom , Pedra Branca , Lagoa Salgada , Distrito De Setubal , City Of , Vladislav Sandler , Paul Mcgowan , Redcorp Empreedimentos Mineiros Lda , Matt Lofgran , Eamonn Crowley , Ian Buddery , Andrew Benitz , Randall Tlachac , Junior Lake , Nostra Terra Oil Gas Co , Alliance News , Myanmar Investments International Ltd , Quality Systems , Maestrano Group , Green Fund , Team Asset Management , Hemogenyx Pharmaceuticals , Jersey Oil Gas , Canaccord Genuity Ltd , Jefferies International Ltd ,

Moray Firth project offers rapid payback says oil firm

The project will involve linking Buchan and finds made nearby to a new production facility.
Jersey unveiled the results of the assessment yesterday as it launched a search for partners to help share the costs of the development, through a farm-out process.
The results of the exercise will be followed with interest in the North Sea as the industry in the area faces an uncertain future.
The downturn in oil and gas markets triggered by the coronavirus has prompted firms to cut their exposure to the North Sea. Sector-watchers have noted that some investors are shifting their attention to firms focused on renewables from fossil fuel producers amid the global drive to reduce carbon dioxide emissions. ....

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