Helium One Global Ltd has started testing the electrical submersible pump in the Itumbula West-1 well at the southern Rukwa project in southwest Tanzania. ACTIVATED The project has progressed from exploration during 2023-2024 and an extended well test to the current appraisal and development phase. “The ESP assembly is running in hole and will be […]
Tag: appraisal well
Europa granted more time for Cloughton well
Europa Oil & Gas (Holdings) plc has been granted a further two years to gather seismic data and drill an appraisal well at its operated Cloughton gas discovery in Scarborough, North Yorkshire. IMPACT The 40% licence owner estimates that the field, within PEDL343, holds Pmean gross gas initially in place volumes of 192 billion cubic […]
Sunda completes $1.5m drawdown for Chuditch
Sunda Energy plc has completed the conversion of the first tranche loan notes and issued warrants for a US$1.5 million drawdown. TVRs The three investors initially subscribed on 13 May and on 16 May converted all of the outstanding balance of their loan notes into ordinary shares of 0.025 pence each, at a 15% discounted […]
Sunda puts back Chuditch-2 spud date
Sunda Energy plc expects the spud date to defer to the second quarter of 2025 for the Chuditch-2 appraisal well offshore Timor Leste. RIG The company, which had targeted early 2025 subject to financing, continues to advance funding for the TL-SO-19-16 production sharing contract with Pacific LNG. Preparations for drilling continue with negotiations for its […]
Baron Oil extends Chuditch-2 drilling schedule
Baron Oil plc’s subsidiary has secured a six-month extension to the production sharing contract ahead of committing to drilling the Chuditch-2 appraisal well, offshore Timor-Leste. PREPARATIONS The PSC for the company’s wholly owned subsidiary and operator SundaGas Banda Unipessoal Lda now ends on 18 June 2024. A formal decision on whether to enter the drilling phase for […]
Baron Oil secures first step to drill-test Chuditch-2
Baron Oil plc has secured the first step for approval to drill and test the Chuditch-2 appraisal well planned for late 2024 offshore Timor-Leste. PREPARATIONS The company’s wholly owned subsidiary SundaGas Banda Unipessoal Lda, which operates the TL-SO-19-16 production sharing contract, will now submit a terms of reference including initial public consultations. This forms the […]