Proactive weekly oil news – Sound Energy, Haydale Graphene, Victoria Oil & Gas…

collected by :Jack Luxor The UK shale gas group told investors that it will reduce debt from US$122mln to a maximum of US$10mln by issuing new facebook/" target="_blank">shares to its lenders. ( ) has told investors it has observed gas shows in the target reservoir whilst drilling the TE-8 well. Drilling continues, and the group said it cannot provide further information – logging data, for example – until those operations are complete. Worth a potential total of US$2.6mln over the initial four year term, Haydale expects annual revenue to average US$600,000. The best 273 feet of net pay will be put on production following the insertion of a pump into the hole.


As it stated in

Proactive weekly oil news – Independent Resources PLC, Sound Energy PLC, Aminex PLC, Solo Oil PLC…

Elsewhere, ( ) and Europa Oil & Gas Plc ( ) facebook/" target="_blank">shares jumped on Wednesday after landing separate farm-out deals with ( ). ( ) has told investors that its arrangement with Renegade Oil & Gas Company LLC has been redrawn, and it sees HNR significantly enhance its land position in the Niobrara shale play in East Denver, Colorado. Sticking with Sound, the company said its latest well on the Tendrara licence in Morocco has reached the final casing point. As part of the upheaval, Independent's name will change to Echo Energy (see what they did there?!) Nonetheless, Aminex said the limited flow of gas amounted to a rate of 17mln cubic feet per day, which would be 2,833 barrels oil equivalent per day.




This week Energy Voice tackles Scottish Independence and North Sea oil. Every Friday, Energy Voice will ask readers to give their views on some of the hot topics affecting the oil and gas sector. The questionnaire will be kept open for several days to allow as much participation as possible. But now we want to know what you think. The results will be revealed next week.


read more visit us oil markets