AIM-listed Buccaneer Energy, an international oil & gas exploration and production company with development and production assets in Texas, USA, has announced the spud of the Allar-1 well (32.5% WI) in the Fouke area of the Pine Mills Field.
As announced on 15 October 2025, the well is anticipated to take up to two weeks to drill and evaluate once spud. The Company will update the market with results from the well in due course.
Paul Welch, Buccaneer Energy's Chief Executive Officer, said:
'Since successfully securing the rig for Allar #1 earlier this month, we have quickly moved to spud the well as we look to increase production and materially drive cash flow from our existing acreage in the Pine Mills Field.'
Source: Buccaneer Energy
