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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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Trinidad: Challenger Energy provides Saffron-2 drilling update

AIM-listed Challenger Energy has provided an update on progress at the Saffron-2 appraisal well, currently being drilled in the South-West Peninsula of Trinidad. The well is being drilled to achieve profitable immediate production and cashflow, and to enable the Company to define an appropriate development plan for the Saffron field. ....

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Challenger Energy drilling of Saffron-2 well proceeding to plan | 4 June 2021

Challenger Energy drilling of Saffron-2 well proceeding to plan ....

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Oil price, Challenger, Predator, VOG, Hurricane. And finally

Hurricane has announced that it has resolved not to exercise its option to extend the bareboat charter of the Aoka Mizu FPSO for a period of three. ....

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Challenger commences drilling of Saffron-2 well in Trinidad and Tobago

Oil and gas firm Challenger Energy has started drilling work at the Saffron-2 appraisal well located in Trinidad and Tobago. ....

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