By Company in Chronological Order of First Well Spud
🚩 DRILLING NOW
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🚩 FULLY FUNDED WITH SPUD DATE GUIDANCE
SOUND ENERGY (London: SOU) – mkt. cap. £193.83m
Web: http://www.soundenergyplc.com Email: info@soundenergyplc.com Tel: +44 (0) 1732 606030 Corporate office address: 4 Pembroke Road, Sevenoaks, Kent CEO: James Parsons Directors own: 0.188%
TE-11 exploration well, Eastern Morocco (spud Q2 2019) – 75% SOU interest
Resource estimate: estimated volumes of 2.6 TCF mid case gross gas originally in place
Chance of success: not yet communicated
UNION JACK OIL (London: UJO) – mkt. cap. £10.24m
Web: http://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 well, East Yorkshire (spud Q2 2019) – 16.665% UJO interest
Resource estimate: base estimate contingent resources of 189 BCF
Chance of success: not yet communicated
TOUCHSTONE EXPLORATION (London: TXP) – mkt. cap. £27.72m
Web: http://www.touchstoneexploration.com Email: info@touchstoneexploration.com Tel: +1 403 750 4400 Corporate office address: 350 – 7th Avenue SW, Calgary, Canada CEO: Paul Baay Directors own: 16.5%
Ortoire exploration well, Trinidad (spud Q2 2019) – 80% TXP interest
Resource estimate: not yet communicated
Chance of success: not yet communicated
ECO (ATLANTIC) OIL & GAS (London: ECO) – mkt. cap. £144.81m
Web: http://www.ecooilandgas.com Email: gil@ecooilandgas.com Tel: +1 416 250 1955 Corporate office address: 181 Bay Street, Toronto, Canada CEO: Gil Holzman Directors own: 18.64%
Orinduik Block exploration well, Guyana (spud June 2019) – 15% ECO interest
Resource estimate: 250 MMBO gross prospective resources
Chance of success: 44%
FALCON OIL & GAS (London: FOG) – mkt. cap. £156.08m
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%
Stage 2 Beetaloo Drilling Programme, Australia (spud June 2019 – two well programme) – 30% FOG interest
Resource estimate: not yet communicated
Chance of success: not yet communicated
PETRO MATAD (London: MATD) – mkt. cap. £31.79m
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 XX exploration wells, Mongolia (spud July 2019 – four well programme) – 100% MATD interest
Resource estimate: mean prospective recoverable resources of 25 MMBO (Heron Prospect)
Chance of success: not yet communicated
I3 ENERGY (London: I3E) – mkt. cap. £34.29m
Web: http://www.i3.energy Email: ctannock@i3.energy Tel: +44 (0) 1224 945 980 Corporate office address: 11 Abercrombie Court, Prospect Road, Westhill CEO: Majid Shafiq Directors own: 41.8%
A3 appraisal well, LP2 pilot well and S1 exploration well, North Sea (spud July / August 2019 – three well programme) – 100% I3E interest
Resource estimate: 200 MMBO recoverable resources
Chance of success: not yet communicated
CORO ENERGY (London: CORO) – mkt. cap. £17.60m
Web: http://www.coroenergyplc.com Email: info@coroenergyplc.com Tel: +44 (0) 20 3965 7917 Corporate office address: 40 George Street, London W1 CEO: James Menzies Directors own: not yet communicated
Duyung PSC exploration and appraisal wells, Indonesia (spud end summer 2019 – multi well programme) – 15% CORO interest
Resource estimate: 2C recoverable resources of 276 BCF and 392 BCF of 3C recoverable resources
Chance of success: not yet communicated
PROVIDENCE RESOURCES (London: PVR) – mkt. cap. £79.19m
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 (spud Q3 2019 – four vertical wells and one extended horizontal well programme) – 40% 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. £13.64m
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 (spud Q3 2019 – four vertical wells and one extended horizontal well programme) – 10% LOGP interest
Resource estimate: 2C total recoverable resources of 345.5 MMBOE
Chance of success: not yet communicated
SAN LEON ENERGY (London: SLE) – mkt. cap. £190.80m
Web: http://www.sanleonenergy.com Email: dublin@sanleonenergy.com Tel: +353 (0) 1 291 6292 Corporate office address: 3300 Lake Drive, Dublin, Ireland CEO: Oisin Fanning Directors own: 0.74%
Barryroe appraisal wells, Celtic Sea Basin (spud Q3 2019 – four vertical wells and one extended horizontal well programme) – 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.)
AMINEX (London: AEX) – mkt. cap. £44.31m
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 Q2 2019) – 25% AEX interest
Resource estimate: mean un-risked GIIP (Gas Initially in Place) of 1.87 TCF
Chance of success: not yet communicated
SOLO OIL (London: SOLO) – mkt. cap. £10.42m
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 Q2 2019) – 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
INDEPENDENT OIL & GAS (London: IOG) – mkt. cap. £14.98m
Web: http://www.independentoilandgas.com Email: mark.routh@independentoilandgas.com Tel: +44 (0) 20 3879 0510 Corporate office address: 10 Arthur Street, London EC4 CEO: Andrew Hockey Directors own: 6.12%
Harvey appraisal well, North Sea (spud Q2 2019) – 100% IOG interest
Resource estimate: gross mid-case unrisked prospective gas resources of 129 BCF
Chance of success: 63%
TOWER RESOURCES (London: TRP) – mkt. cap. £4.10m
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 (spud Q2 2019) – 100% TRP interest
Resource estimate: mean prospective resources of 664 MMBOE
Chance of success: not yet communicated
CLUFF NATURAL RESOURCES (London: CLNR) – mkt. cap. £12.62m
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%
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
CHARIOT OIL AND GAS (London: CHAR) – mkt. cap. £16.36m
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 (spud H2 2019) – 75% CHAR interest
Resource estimate: gross mean prospective resource of 637 MMBO
Chance of success: not yet communicated
Prospect-1 exploration well, Brazil (spud H1 2020) – 100% CHAR interest
Resource estimate: gross, mean prospective resource of 911 MMBO
Chance of success: not yet communicated
ECHO ENERGY (London: ECHO) – mkt. cap. £12.55m
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 (spud H2 2019) – 50% ECHO interest
Resource estimate: gross unrisked prospective resources of 6.0 TCF
Chance of success: not yet communicated
PROSPEX OIL & GAS (London: PXOG) – mkt. cap. £2.66m
Web: http://www.prospexoilandgas.com Email: not disclosed Tel: +44 (0) 203 948 1619 Corporate office address: 92 Albert Embankment, London SE1 CEO: Edward Dawson Directors own: 2.2%
Tesorillo-1 exploration well, Spain (spud H2 2019) – 15% (possibly increasing to 49.9%) PXOG interest
Resource estimate: best estimate (P50) prospective resources of 829 BCF
Chance of success: not yet communicated
BARON OIL (London: BOIL) – mkt. cap. £1.93m
Web: http://www.baronoilplc.com Email: malcolm@butlermail.org Tel: +44 (0) 1892 838948 Corporate office address: 3 Monson Road, Tunbridge Wells, Kent CEO: Malcolm Butler Directors own: 0.3%
El Barco-3X exploration well, Peru (possible spud 2019) – 100% BOIL interest
Resource estimate: unrisked recoverable P50 Prospective Resources of 25 BCF
Chance of success: not yet communicated
EGDON RESOURCES (London: EDR) – mkt. cap. £15.73m
Web: http://www.egdon-resources.com Email: info@egdon-resources.com Tel: + 44 (0) 1256 702292 Corporate office address: 98 High Street, Odiham, Hampshire CEO: Mark Abbott Directors own: not yet communicated
Waddock Cross Field appraisal well, Wessex Basin (spud late 2019) – 55% EDR interest
Resource estimate: base-case gross contingent resources of 1.2 MMBO
Chance of success: not yet communicated
UNITED OIL & GAS (London: UOG) – mkt. cap. £12.96m
Web: http://www.uogplc.com Email: info@uogplc.com Tel: not disclosed Corporate office address: 9 Upper Pembroke Street, Dublin 2, Ireland CEO: Brian Larkin Directors own: 6.5%
Waddock Cross Field appraisal well, Wessex Basin (spud late 2019) – 26.25% UOG interest
Resource estimate: base-case gross contingent resources of 1.2 MMBO
Chance of success: not yet communicated
EUROPA OIL & GAS (London: EOG) – mkt. cap. £13.12m
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 (spud 2020) – 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. £35.38m
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 (spud before end 2020) – 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%
SIRIUS PETROLEUM (London: SRSP) – mkt. cap. £14.76m
Web: http://www.siriuspetroleum.com Email: enquiries@siriuspetroleum.com Tel: +44 (0) 20 3740 7460 Corporate office address: 42 Berkeley Square, London W1 CEO: Bobo Kuti 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 (London: COPL) – mkt. cap. £2.34m
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. £25.82m
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
ROSE PETROLEUM (London: ROSE) – mkt. cap. £2.78m
Web: http://www.rosepetroleum.com Email: matthew.idiens@rosepetroleum.com Tel: +44 (0) 20 7225 4590 Corporate office address: Newmarket House, Market Street, Newbury, Berkshire CEO: Matthew Idiens Directors own: 1.23%
Paradox acreage appraisal wells, Utah (financing awaited) – 75% ROSE interest
Resource estimate: gross contingent resources (2C) of 15.61 MMBO and 31.23 BCF
Chance of success: not yet communicated
ZOLTAV RESOURCES (London: ZOL) – mkt. cap. £52.52m
Web: http://www.zoltav.com Email: info@zoltav.com Tel: +7 (8452) 30-91-15 Corporate office address: Chernyshevskogo str 50, Saratov, Russia CEO: Eduard Sieyn Directors own: 0%
Devonian exploration well, South Western Russia (programme under development) – 100% ZOL 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 18 April 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.
