By Company in Chronological Order of First Well Spud
🚩 DRILLING NOW
ANGLO AFRICAN OIL & GAS (AAOG) (mkt. cap. £12.54m @ 7.05p)
Web: http://www.aaog.com Email: david.sefton@aaog.co Tel: +44 (0) 7989 333 371 Business address: not disclosed Directors own: 0%
TLP-103C appraisal/exploration well, Republic of the Congo – 56% AAOG interest
Resource estimate: 8.1 MMBO gross contingent resource (Mengo) and 58.4 MMBO gross prospective resources (Djeno)
Chance of success: 60% Mengo and 25% Djeno
TLOU ENERGY (TLOU) (mkt. cap. £19.23m @ 4.7p)
Web: http://www.tlouenergy.com Email: info@tlouenergy.com Tel: +61 7 3012 9793 Business address: 210 Alice Street, Brisbane, Australia Directors own: 6.96%
Lesedi CBM production wells, Botswana – 100% TLOU interest
Resource estimate: 2P gas reserves in place of 41 BCF
Chance of success: not yet communicated
IGAS ENERGY (IGAS) (mkt. cap. £113.26m @ 92.8p)
Web: http://www.igasplc.com Email: enquiries@igasplc.com Tel: +44 (0) 207 993 9899 Business address: 7 Down Street, London, W1 Directors own: 0.7%
TL-1 shale exploration well, North Nottinghamshire – 55% IGAS interest
Resource estimate: not yet communicated
Chance of success: not yet communicated
SOUND ENERGY (SOU) (mkt. cap. £130.72m @ 12.39p)
Web: http://www.soundenergyplc.com Email: info@soundenergyplc.com Tel: +44 (0) 1732 606030 Business address: 4 Pembroke Road, Sevenoaks, Kent Directors own: 0.188%
TE-10 exploration well, Eastern Morocco – 75% SOU interest
Resource estimate: estimated volumes of 2.6 TCF mid case gross gas originally in place
Chance of success: 14%
🚩 FULLY FUNDED WITH SPUD DATE GUIDANCE
EGDON RESOURCES (EDR) (mkt. cap. £19.19m @ 7.38p)
Web: http://www.egdon-resources.com Email: info@egdon-resources.com Tel: + 44 (0) 1256 702292 Business address: 98 High Street, Odiham, Hampshire Directors own: not yet communicated
Biscathorpe-2 exploration well, South Humber Basin (spud January 2019) – 40.8% EDR interest
Resource estimate: best estimate gross prospective resources of 14 MMBO
Chance of success: 40%.
Waddock Cross Field appraisal well, Wessex Basin (spud late 2018, early 2019) – 55% EDR interest
Resource estimate: base-case gross contingent resources of 1.2 MMBO
Chance of success: not yet communicated
UNION JACK OIL (UJO) (mkt. cap. £9.72m @ 0.115p)
Web: http://www.unionjackoil.com Email: info@unionjackoil.com (not working) Tel: +44 (0) 1225 428139 (number on website is accountants, not UJO) Business address: not disclosed Directors own: 3.5%
Biscathorpe-2 exploration well, South Humber Basin (spud January 2019) – 22% UJO interest
Resource estimate: best estimate gross prospective resources of 14 MMBO
Chance of success: 40%.
West Newton appraisal well, East Yorkshire (spud Q1 2019) – 16.665% UJO interest
Resource estimate: base estimate contingent resources of 189 BCF
Chance of success: not yet communicated
UPLAND RESOURCES (UPL) (mkt. cap. £17.37m @ 3p)
Web: http://www.uplandres.com Email: s.staley@uplandres.com Tel: +44 (0) 1335 300337 Business address: The Green Man, Ashbourne, Derbyshire Directors own: 39.85%
Wick Prospect exploration well, North Sea (spud December 2018) – 40% UPL interest
Resource estimate: gross resources of 23.5 MMBO
Chance of success: 30%
BARON OIL (BOIL) (mkt. cap. £5.71m @ 0.415p)
Web: http://www.baronoilplc.com Email: malcolm@butlermail.org Tel: +44 (0) 1892 838948 Business address: 3 Monson Road, Tunbridge Wells, Kent Directors own: 0.3%
Colter Prospect appraisal well, Bournemouth Bay (spud Q1 2019) – 8% BOIL interest
Resource estimate: gross unrisked P50 prospective Resources of 30 MMBO recoverable
Chance of success: 58%
El Barco-3X exploration well, Peru (possible spud early 2019) – 100% BOIL interest
Resource estimate: unrisked recoverable P50 Prospective Resources of 25 BCF
Chance of success: not yet communicated
Wick Prospect exploration well, North Sea (spud December 2018) – 15% BOIL interest
Resource estimate: gross resources of 23.5 MMBO
Chance of success: 30%
SERICA ENERGY (SQZ) (mkt. cap. £297.85m @ 112.5p)
Web: http://www.serica-energy.com Email: info@serica-energy.com Tel: +44 (0) 20 7487 7300 Business address: 52 George Street, London W1 Directors own: 20.56%
Rowallan Prospect exploration well, North Sea (spud December 2018) – 15% SQZ interest
Resource estimate: best estimate gross prospective resources of 131 MMBO
Chance of success: not yet communicated
ANDALAS ENERGY & POWER (ADL) (mkt. cap. £2.47m @ 0.675p)
Web: http://www.andalasenergy.co.uk Email: info@andalasenergy.co.uk Tel: not disclosed Business address: not disclosed Directors own: 3.13%
Colter Prospect appraisal well, Bournemouth Bay (spud Q1 2019) – 8% ADL interest
Resource estimate: gross unrisked P50 prospective Resources of 30 MMBO recoverable
Chance of success: 58%
UNITED OIL & GAS (UOG) (mkt. cap. £14.17m @ 4.1p)
Web: http://www.uogplc.com Email: info@uogplc.com Tel: not disclosed Business address: 9 Upper Pembroke Street, Dublin 2, Ireland Directors own: 6.5%
Colter Prospect appraisal well, Bournemouth Bay (spud Q1 2019) – 10% UOG interest
Resource estimate: gross unrisked P50 prospective Resources of 30 MMBO recoverable
Chance of success: 58%
Waddock Cross Field appraisal well, Wessex Basin (spud late 2018, early 2019) – 26.25% UOG interest
Resource estimate: base-case gross contingent resources of 1.2 MMBO
Chance of success: not yet communicated
JERSEY OIL & GAS (JOG) (mkt. cap. £36.24m @ 166p)
Web: http://www.jerseyoilandgas.com Email: adaly@jerseyoilandgas.com Tel: +44 (0) 1534 858622 Business address: 9 The Esplanade, St Helier, Jersey Directors own: 7.5%
Verbier appraisal well, North Sea (spud Q1 2019) – 18% JOG interest
Resource estimate: mean gross recoverable resources of 69 MMBOE
Chance of success: not yet communicated
88 ENERGY (88E) (mkt. cap. £59.2m @ 0.935p)
Web: http://www.88energy.com Email: not disclosed Tel: +61 (0) 8 9485 0990 Business address: 5 Ord Street, West Perth, Australia Directors own: 0.48%
Western Blocks exploration well, Alaska (spud February 2019) – 36% 88E interest
Resource estimate: gross best estimate prospective resource volume of 400 MMBO
Chance of success: 25-30%
RED EMPEROR RESOURCES (RMP) (mkt. cap. £11.87m @ 2.79p)
Web: http://www.redemperorresources.com Email: info@redemp.com.au Tel: +61 (0) 8 9212 0102 Business address: 35 Richardson Street, West Perth, Australia Directors own: 0.23%
Western Blocks exploration well, Alaska (spud February 2019) – 31.5% RMP interest
Resource estimate: gross best estimate prospective resource volume of 400 MMBO
Chance of success: 25-30%
ZOLTAV RESOURCES (ZOL) (mkt. cap. £23.42m @ 16.5p)
Web: http://www.zoltav.com Email: info@zoltav.com Tel: +7 (8452) 30-91-15 Business address: Chernyshevskogo str 50, Saratov, Russia Directors own: 0%
Devonian exploration well, South Western Russia (spud Q1 2019) – 100% ZOL interest
Resource estimate: not yet communicated
Chance of success: not yet communicated
ECO (ATLANTIC) OIL & GAS (ECO) (mkt. cap. £69.25m @ 44p)
Web: http://www.ecooilandgas.com Email: gil@ecooilandgas.com Tel: +1 (416) 250 1955 Business address: 120 Adelaide St W, Toronto, Canada Directors own: 18.64%
Orinduik Block exploration well, Guyana (spud late May/early June 2019) – 15% ECO interest
Resource estimate: in excess of 1 BBO
Chance of success: not yet communicated
PROVIDENCE RESOURCES (PVR) (mkt. cap. £70.97m @ 11.875p)
Web: http://www.providenceresources.com Email: info@providenceresources.com Tel: +353 1 2194074 Business address: Airfield House, Donnybrook, Dublin, Ireland Directors own: 0.4%
Barryroe appraisal wells, Celtic Sea Basin (spud Q3 2019) – 40% PVR interest
Resource estimate: 2C total recoverable resources of 345.5 MMBOE
Chance of success: not yet communicated
LANSDOWNE OIL & GAS (LOGP) (mkt. cap. £10.92m @ 1.65p)
Web: http://www.lansdowneoilandgas.com Email: not disclosed Tel: not disclosed Business address: Paramount Court, Sandyford, Dublin, Ireland Directors own: 7.3%
Barryroe appraisal wells, Celtic Sea Basin (spud Q3 2019) – 10% LOGP interest
Resource estimate: 2C total recoverable resources of 345.5 MMBOE
Chance of success: not yet communicated
SAN LEON ENERGY (SLE) (mkt. cap. £118.06m @ 23.6p)
Web: http://www.sanleonenergy.com Email: dublin@sanleonenergy.com Tel: +353 (0) 1 2916292 Business address: 3300 Lake Drive, Dublin, Ireland Directors own: 0.74%
Barryroe appraisal wells, Celtic Sea Basin (spud Q3 2019) – 4.5% SLE net profit interest (not required to pay any further appraisal or development costs)
Resource estimate: 2C total recoverable resources of 345.5 MMBOE
Chance of success: not yet communicated
🚩 POSSIBLE DRILLS IN 2019 ONWARDS (subject to funding / farm out / rig confirmation / etc.)
ROSE PETROLEUM (ROSE) (mkt. cap. £3.01m @ 2.1p)
Web: http://www.rosepetroleum.com Email: matthew.idiens@rosepetroleum.com Tel: +44 (0) 20 7225 4590 Business address: Newmarket House, Market Street, Newbury Directors own: 1.23%
Paradox acreage appraisal wells, Utah (first well spud Q1 2019 – multi well programme) – 75% ROSE interest
Resource estimate: gross contingent resources (2C) of 15.61 MMBO and 31.23 BCF
Chance of success: not yet communicated
AMINEX (AEX) (mkt. cap. £55.56m @ 1.525p)
Web: http://www.aminex-plc.com Email: info@aminex-plc.com Tel: +44 (0) 20 3198 8415 Business address: 16 Smith Square, London SW1 Directors own: 2.2%
Chikumbi-1 appraisal/exploration well, Tanzania (spud Q1 2019) – 25% AEX interest
Resource estimate: not yet communicated
Chance of success: not yet communicated
SOLO OIL (SOLO) (mkt. cap. £10.3m @ 1.63p)
Web: http://www.solooil.co.uk Email: info@solooil.co.uk Tel: +44 (0) 20 7440 0642 Business address: 38 Jermyn Street, London SW1 Directors own: not yet communicated
Chikumbi-1 appraisal/exploration well, Tanzania (spud Q1 2019) – 25% SOLO interest
Resource estimate: not yet communicated
Chance of success: not yet communicated
INDEPENDENT OIL & GAS (IOG) (mkt. cap. £23.76m @ 18.75p)
Web: http://www.independentoilandgas.com Email: not disclosed Tel: +44 (0) 20 3879 0510 Business address: 10 Arthur Street, London EC4 Directors own: 6.12%
Harvey appraisal well, North Sea (spud Q1 2019) – 100% IOG interest
Resource estimate: gross mid-case unrisked prospective gas resources of 302 BCF
Chance of success: 63%
TOWER RESOURCES (TRP) (mkt. cap. £5.19m @ 1.375p)
Web: http://www.towerresources.co.uk Email: ja@towerresources.co.uk Tel: +44 (0) 20 7157 9625 Business address: 140 Buckingham Palace Road, London SW1 Directors own: 13.5%
Thali licence appraisal/exploration well, Cameroon (spud Q2 2019) – 100% TRP interest
Resource estimate: contingent recoverable resources of 18 MMBO
Chance of success: not yet communicated
CLUFF NATURAL RESOURCES (CLNR) (mkt. cap. £11.57m @ 2.15p)
Web: http://www.cluffnaturalresources.com Email: admin@cluffnaturalresources.com Tel: +44 (0) 20 7887 2630 Business address: not disclosed Directors own: 3.86%
Three well exploration programme, Southern North Sea (spud Summer 2019) – 100% CLNR interest (subject to farm out)
Resource estimate: 4.3 TCF P50 prospective resources
Chance of success: not yet communicated
ECHO ENERGY (ECHO) (mkt. cap. £35.37m @ 7.4p)
Web: http://www.echoenergyplc.com Email: info@echoenergyplc.com Tel: +44 (0) 20 7190 9930 Business address: 40 George Street, London W1 Directors own: not yet communicated
Tapi Aike exploration wells, Argentina (spud H2 2019) – 50% ECHO interest
Resource estimate: gross unrisked prospective resources of 6.0 TCF
Chance of success: not yet communicated
TALON PETROLEUM (ASX: TPD) (mkt. cap. A$3.78m (£2.17m) @ A$0.003)
Web: http://www.talonpetroleum.com.au Email: info@talonpetroleum.com.au Tel: +61 8 6319 1900 Business address: 1202 Hay Street, West Perth, Australia Directors own: 19.8%
Curlew-A appraisal well, North Sea (spud Q3 2019) – 10% TPD interest
Resource estimate: 45 MMBOE gross 2C contingent resource
Chance of success: not yet communicated
PETRO MATAD (MATD) (mkt. cap. £14.24m @ 2.15p)
Web: http://www.petromatadgroup.com Email: admin@petromatadgroup.com Tel: +44 (0) 1624 627 099 Business address: not disclosed Directors own: 5.6%
Block XX, Mongolia (spud 2019 – three well programme) – 100% MATD interest
Resource estimate: not yet communicated
Chance of success: not yet communicated
EUROPA OIL & GAS (EOG) (mkt. cap. £8.91m @ 2.95p)
Web: http://www.europaoil.com Email: mail@europaoil.com Tel: +44 (0) 20 7224 3770 Business address: not disclosed Directors own: 13.37%
Inishkea exploration well, Offshore Ireland (spud 2020) – 100% EOG interest (subject to farm out)
Resource estimate: 2.5 TCF undiscovered gas initially in place
Chance of success: not yet communicated
SIRIUS PETROLEUM (SRSP) (mkt. cap. £24m @ 0.675p)
Web: http://www.siriuspetroleum.com Email: enquiries@siriuspetroleum.com Tel: +44 (0) 20 3740 7460 Business address: 42 Berkeley Square, London W1 Directors own: not yet communicated
Ororo-2 production well, Nigeria (rig confirmation awaited) – 40% SRSP interest
Resource estimate: mid-case gross contingent resources of 24.47 MMBOE
Chance of success: 50% (chance of development)
CANADIAN OVERSEAS PETROLEUM (COPL) (mkt. cap. £6.95m @ 0.295p)
Web: http://www.canoverseas.com Email: not disclosed Tel: +1 403.262.5441 Business address: 3200, 715 – 5th Avenue SW, Calgary, Canada Directors own: 4.1% (including senior management)
OPL 226 appraisal well, offshore Nigeria (financing awaited) – 40% COPL interest
Resource estimate: gross unranked prospective recoverable oil of 237.1 MMBO
Chance of success: not yet communicated
I3 ENERGY (I3E) (mkt. cap. £17.23m @ 41.5p)
Web: http://www.i3.energy Email: not disclosed Tel: +44 (0) 1224 945 980 Business address: 11 Abercrombie Court, Prospect Road, Westhill Directors own: 51.18%
LP-1 production well, North Sea (financing awaited) – 100% I3E interest
Resource estimate: 2P reserves of 11.7 MMBOE
Chance of success: not yet communicated
Upcoming Drills flags up fully funded companies with forthcoming, potentially transformational oil and gas drills. A complete schedule of drills by company in chronological order of first well spud is maintained on this page and updated regularly. Subscribe to our list to receive posts and updates to the drill schedule automatically by email. The schedule is based upon information communicated by the companies, hence lack of consistency with expression of reserve numbers, chances of success, etc. Directors’ share ownership is as per latest annual accounts or disclosure. Market capitalisations are as of close of business 7 December 2018 and do not include any shares still to be issued under pending placings, subscriptions or offers. Please note this post does not constitute investment advice or a recommendation to buy or sell and may be incorrect or outdated. Post relates to stock exchange listed oil and gas companies only.
