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|24 Jan 20
||88 Energy announces Placement to raise AUD5.0 million
88 Energy has announced a Placement to raise AUD5.0 million. Capital raised will be used to fund the ongoing evaluation of the conventional and unconventional prospectivity of the Company's existing assets, including its share of any potential costs in respect to the upcoming Charlie-1 well, and to enable it to identify and exploit new opportunities on the North Slope of Alaska.
|23 Jan 20
||US: USGS estimates 3.6 billion barrels of oil in Alaska's Central North Slope
One of the most productive areas in the world for oil remains rich in the resource, according to the latest USGS assessment. The USGS estimates 3.6 billion barrels of oil and 8.9 trillion cubic feet of natural gas conventional resources in Alaska’s Central North Slope.
|22 Jan 20
||US: Oil Search's Mitquq-1 exploration well in Alaska encounters hydrocarbons
Oil Search reports that the Mitquq-1 exploration well, located 9 kms east of the proposed central processing facility for the Pikka Unit Nanushuk Development in Alaska, has intersected 60 metres of net hydrocarbon pay.
|21 Jan 20
||US: Otto Energy provides production update for Lightning field onshore Matagorda County, TX
Otto Energy has provided an update on the Green-1 production well at the Lightning field onshore Matagorda County, TX. Gross production from the Green-1 well increased to 14.3 MMscf/d gas and over 400 bbl/d of condensate with additional upside potential pending pressure stabilization.