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Proactive Oil & Gas highlights: Challenger Energy Group PLC, United Oil & Gas PLC, Mosman Oil and Gas Ltd, Jersey Oil and Gas PLC, i3 Energy PLC, TomCo Energy PLC

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It was a short but active week for the small-cap oil and gas sector.
Challenger Energy Group PLC (LON:CEG) – the company formerly known as Bahamas Petroleum - revealed results from the top section of the Saffron-2 well have been in-line with expectations.
The well has so far been completed to a depth of 1,593 feet, on time and on budget, and has encountered the Upper Cruse and upper parts of the Middle Cruse formations. Logs for the sections are ‘as prognosed’ and consistent with comparable logs from Saffron-1, the company noted.
Drilling will now progress deeper to evaluate the deeper Middle Cruse, and then the Lower Cruse. ....

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Proactive Oil & Gas weekly highlights: Diversified Energy Company Plc, Union Jack Oil Plc, Tower Resources Plc, ADM Energy Plc, Scirocco Energy Plc, Hurricane Energy Plc, Kistos Plc, Challenger Energy Group Plc

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Proactive Oil & Gas weekly highlights: Diversified Energy Company, Union Jack Oil, Tower Resources, ADM, Scirocco, Hurricane, Kistos, Challenger Energy
It was another active week in the small-cap oil and gas sector.
Diversified Energy Company PLC (LON:DEC) confirmed it has raised US$225mln in a placing and retail offer as it advances its latest acquisition. It will issue 141.5mln new shares at 112p per share.
Proceeds will cover the cost of the newly announced Blackbeard acquisition which sees the company pick up another 820 wells producing 16,000 barrels oil equivalent per day (boepd) in its recently established Central regional focus area (RFA). The deal consideration is US$166mln. ....

City Of , United Kingdom , North Yorkshire , North Sea , Oceans General , Osamede Okhomina , Superdielectrics Ltd , Tulip Oil Netherlands , Tower Resources , Challenger Energy Group Plc , Union Jack Oil , Technological Development , Bahamas Petroleum Company , Kistos Plc , Helium One Global Ltd , Scirocco Energy Plc , Energy Company , Hurricane Energy Plc , Crystal Amber Fund , Diversified Energy Company , Cotton Valley , Ashover Grit , Union Jack , Energy Plc , Helium One Global , Helium One ,