In Chronological Order of First Well Spud
🚩 DRILLING NOW
FALCON OIL & GAS (London: FOG) – mkt. cap. £121m
Web: http://www.falconoilandgas.com Email: info@falconoilandgas.com Tel: +353 (0) 1 676 8702 Corporate office address: 68 Merrion Square South, Dublin 2, Ireland CEO: Philip O’Quigley Directors own: 0.37%
Kayla 117 N2-1 appraisal well, Australia (two well programme) – 30% FOG interest
Resource estimate: not yet communicated
Chance of success: not yet communicated
ECHO ENERGY (London: ECHO) – mkt. cap. £19m
Web: http://www.echoenergyplc.com Email: info@echoenergyplc.com Tel: +44 (0) 20 7190 9930 Corporate office address: 40 George Street, London W1 CEO: Martin Hull Directors own: not yet communicated
Tapi Aike exploration wells, Argentina (four well programme) – 19% ECHO interest
Resource estimate: gross unrisked prospective resources of 6.0 TCF
Chance of success: not yet communicated
🚩 FULLY FUNDED WITH SPUD DATE GUIDANCE
88 ENERGY (London: 88E) – mkt. cap. £72m
Web: www.88energy.com Email: admin@88energy.com Tel: +61 (0) 8 9485 0990 Corporate office address: 5 Ord Street, West Perth, Australia CEO: David Wall Directors own: 0.48%
Charlie-1 appraisal well, Alaska (spud Q1 2020) – 30% 88E interest
Resource estimate: gross mean prospective resource volume of 1,599 MMBO
Chance of success: not yet communicated
UNION JACK OIL (London: UJO) – mkt. cap. £19m
Web: www.unionjackoil.com Email: info@unionjackoil.com, d.bramhill@btinternet.com Tel: +44 (0) 1225 428139 Corporate office address: 6 Charlotte Street, Bath CEO: David Bramhill Directors own: 3.5%
West Newton appraisal wells, East Yorkshire (spud Q2 2020 – two well programme) – 16.665% UJO interest
Resource estimate: not yet communicated
Chance of success: not yet communicated
🚩 POSSIBLE DRILLS IN 2019 ONWARDS (subject to funding / farm out / rig confirmation / etc.)
AMINEX (London: AEX) – mkt. cap. £39m
Web: http://www.aminex-plc.com Email: info@aminex-plc.com Tel: +44 (0) 20 3198 8415 Corporate office address: 16 Smith Square, London SW1 CEO: Jay Bhattacherjee Directors own: 2.2%
Chikumbi-1 appraisal/exploration well, Tanzania (spud 2020) – 25% AEX interest
Resource estimate: gross mean un-risked GIIP (Gas Initially in Place) of 1.87 TCF and 2C resources of 763 BCF; well is also testing a deeper Jurassic exploration target with gross P50 prospective resources of 1,351 BCF
Chance of success: not yet communicated
SOLO OIL (London: SOLO) – suspended
Web: http://www.solooil.co.uk Email: info@solooil.co.uk Tel: +44 (0) 20 7440 0642 Corporate office address: 38 Jermyn Street, London SW1 CEO: Alastair Ferguson Directors own: not yet communicated
Chikumbi-1 appraisal/exploration well, Tanzania (spud 2020) – 25% SOLO interest
Resource estimate: gross mean un-risked GIIP (Gas Initially in Place) of 1.87 TCF and 2C resources of 763 BCF; well is also testing a deeper Jurassic exploration target with gross P50 prospective resources of 1,351 BCF
Chance of success: not yet communicated
PETRO MATAD (London: MATD) – mkt. cap. £22m
Web: http://www.petromatadgroup.com Email: admin@petromatadgroup.com Tel: +976 70141099 Corporate office address: Peace Avenue 17, Ulaanbaatar, Mongolia CEO: Mike Buck Directors own: 2.3%
Block V exploration well, Mongolia (spud 2020) – 100% MATD interest
Resource estimate: not yet communicated
Chance of success: not yet communicated
EUROPA OIL & GAS (London: EOG) – mkt. cap. £8m
Web: http://www.europaoil.com Email: mail@europaoil.com Tel: +44 (0) 20 7224 3770 Corporate office address: 6 Porter Street, London W1 CEO: Hugh Mackay Directors own: 13.37%
Inishkea exploration well, Offshore Ireland (farm-out awaited) – 100% EOG interest (subject to farm out)
Resource estimate: 2.5 TCF undiscovered gas initially in place
Chance of success: 33%
BAHAMAS PETROLEUM COMPANY (London: BPC) – mkt. cap. £35m
Web: http://www.bpcplc.com Email: info.nassau@bpcplc.com Tel: +1 242 362 5120 Corporate office address: 5 Caves Village, West Bay Street, Nassau, Bahamas CEO: Simon Potter Directors own: 1.04%
Offshore exploration well, Bahamas (financing awaited) – 100% BPC interest (subject to farm out)
Resource estimate: total mean unrisked recoverable prospective resources in excess of 4,200 MMBO at multiple reservoir intervals
Chance of success: 9% – 35%
CLUFF NATURAL RESOURCES (London: CLNR) – mkt. cap. £19m
Web: http://www.cluffnaturalresources.com Email: admin@cluffnaturalresources.com Tel: +44 (0) 20 7887 2630 Corporate office address: 5-8 The Sanctuary, London SW1 CEO: Graham Swindells Directors own: 3.86%
Selene exploration well, Southern North Sea (possible spud 2020) – 50% CLNR interest
Resource estimate: 291 BCF gross P50 prospective resource
Chance of success: not yet communicated
IGAS ENERGY (London: IGAS) – mkt. cap. £46m
Web: www.igasplc.com Email: enquiries@igasplc.com Tel: +44 (0) 207 993 9899 Corporate office address: 7 Down Street, London, W1 CEO: Stephen Bowler Directors own: 0.7%
Weald Basin exploration / appraisal wells, Surrey (planning permission awaited – two well programme) – 100% IGAS interest
Resource estimate: 300 MMBO in place
Chance of success: not yet communicated
TOWER RESOURCES (London: TRP) – mkt. cap. £4m
Web: http://www.towerresources.co.uk Email: ja@towerresources.co.uk Tel: +44 (0) 20 7157 9625 Corporate office address: 140 Buckingham Palace Road, London SW1 CEO: Jeremy Asher Directors own: 13.5%
Thali licence appraisal/exploration well, Cameroon (financing awaited) – 100% TRP interest
Resource estimate: mean prospective resources of 664 MMBOE
Chance of success: not yet communicated
PROVIDENCE RESOURCES (London: PVR) – mkt. cap. £20m
Web: http://www.providenceresources.com Email: info@providenceresources.com Tel: +353 (0) 1 219 4074 Corporate office address: Airfield House, Airfield Park, Donnybrook, Dublin, Ireland CEO: Tony O’Reilly Directors own: 0.4%
Barryroe appraisal wells, Celtic Sea Basin (financing awaited – four vertical wells and one extended horizontal well programme) – 80% PVR interest
Resource estimate: 2C total recoverable resources of 345.5 MMBOE
Chance of success: not yet communicated
LANSDOWNE OIL & GAS (London: LOGP) – mkt. cap. £5m
Web: http://www.lansdowneoilandgas.com Email: info@lansdowneoilandgas.com Tel: + 353 (0) 1 963 1760 Corporate office address: Paramount Court, Sandyford, Dublin, Ireland CEO: Dr Stephen Boldy Directors own: 7.3%
Barryroe appraisal wells, Celtic Sea Basin (financing awaiting – four vertical wells and one extended horizontal well programme) – 20% LOGP interest
Resource estimate: 2C total recoverable resources of 345.5 MMBOE
Chance of success: not yet communicated
CHARIOT OIL AND GAS (London: CHAR) – mkt. cap. £14m
Web: http://www.chariotoilandgas.com Email: KellyN@chariotoilandgas.com Tel: +44 (0) 207 318 0450 Corporate office address: 19-21 Old Bond Street, London W1 CEO: Larry Bottomley Directors own: 8.2% (including senior management)
MOH-B exploration well, Morocco (farm-out awaited) – 75% CHAR interest
Resource estimate: gross mean prospective resource of 637 MMBO
Chance of success: not yet communicated
Prospect-1 exploration well, Brazil (farm-out awaited) – 100% CHAR interest
Resource estimate: gross, mean prospective resource of 911 MMBO
Chance of success: not yet communicated
CANADIAN OVERSEAS PETROLEUM (London: COPL) – mkt. cap. £2m
Web: http://www.canoverseas.com Email: not disclosed Tel: +1 403 262 5441 Corporate office address: 3200, 715 – 5th Avenue SW, Calgary, Canada CEO: Arthur Millholland 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
ANGLO AFRICAN OIL & GAS (London: AAOG) – mkt. cap. £10m
Web: http://www.aaog.com Email: david.sefton@aaog.co Tel: +44 (0) 7989 333 371 Corporate office address: not disclosed CEO: James Berwick Directors own: 0%
TLP-104 appraisal/exploration well, Republic of the Congo (financing awaited) – 56% AAOG interest
Resource estimate: not yet communicated
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 29 November 2019 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.
