Oil and Gas Corporate News
3Legs Resources (LON:3LEG) plc (3LEG, 230p, ? 0.0%) announced a drilling update. The Company spudded the Warblino LE-1H well on its Damnica licence, at a location approximately 25 km to the west of its recent Lebien LE-2H horizontal well on the Lebork licence. The Warblino LE-1H well will be drilled initially as a vertical pilot well to enable detailed core and log analysis of the target lower Palaeozoic shales. The well will then be plugged back and a lateral horizontal section will be drilled. The Company is working with the same drilling contractor as for its Lebien LE-2H horizontal well.
Jubilant Energy (LON:JUB) (JUB, 66.5p, ? 0.0%) announced that it has completed the pilot acquisition of 16 km of seismic data in the Northern Manipur Block. This survey has been acquired, before start of the rains, as part of the first season of seismic survey. This survey has been carried out to gain information on logistics and geophysical parameters in a geographically challenging area, in advance of the main seismic survey of 586 km in both of the blocks (Northern Block 154 km and Southern Block 432 km), which is planned to be acquired in the next dry season post October 2011. The total minimum work programme commitment is for 1000 km for both the blocks, to be completed by November 2014. Jubilant is the operator and holds 100% participating interest in the two Manipur Blocks. These blocks were awarded to the Company under NELP-VIII round and Petroleum Exploration Licenses ("PEL") for the same were signed on 15th November 2010.
Rockhopper (LON:RKH) Exploration plc (BUY, £5.00) (RKH, 227.75p, ? 1.94%) announced that the 14/10-6 appraisal well ("the Well") was spudded on 15 July 2011. The Well is situated on Licence PL032, which is 100% owned and operated by Rockhopper, and is the third appraisal well to be drilled on the Sea Lion feature since Rockhopper's oil discovery in May 2010. The Well is located some 4.1km to the west of the 14/10-2 discovery well, on the western side of the structural low at top reservoir, and 2.3km to the south-west and 14m updip from the 14/10-4 appraisal well. The Well is designed to investigate reservoir and hydrocarbon presence outside what the Company considers the minimum case area. Both…
