By Company in Chronological Order of First Well Spud


ūüö©¬†DRILLING NOW


UNION JACK OIL (London: UJO) Рmkt. cap. £14.83m
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¬†‚Äď 16.665% UJO interest
Resource estimate: base estimate contingent resources of 189 BCF
Chance of success: not yet communicated


ūüö©¬†FULLY FUNDED WITH SPUD DATE GUIDANCE


TOUCHSTONE EXPLORATION (London: TXP) Рmkt. cap. £26.51m
Web: http://www.touchstoneexploration.com  Email: info@touchstoneexploration.com  Tel: +1 403 750 4400  Corporate office address: 350 Р7th Avenue SW, Calgary, Canada  CEO: Paul Baay  Directors own: 16.5%
Ortoire exploration well, Trinidad¬†(spud Q2 2019) ‚Äď 80% TXP interest
Resource estimate: not yet communicated
Chance of success: not yet communicated


ECO (ATLANTIC) OIL & GAS (London: ECO) Рmkt. cap. £156.19m
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) ‚Äď 15% ECO interest
Resource estimate: 250 MMBO gross prospective resources
Chance of success: 44%


FALCON OIL & GAS (London: FOG) Рmkt. cap. £133.87m
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) ‚Äď 30% FOG interest
Resource estimate: not yet communicated
Chance of success: not yet communicated


INDEPENDENT OIL & GAS (London: IOG) Рmkt. cap. £43.83m
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 July 2019) ‚Äď 100% IOG interest
Resource estimate: gross mid-case unrisked prospective gas resources of 129 BCF
Chance of success: 63%


PETRO MATAD (London: MATD) Рmkt. cap. £33.44m
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) ‚Äď 100% MATD interest
Resource estimate: mean prospective recoverable resources of 25 MMBO (Heron Prospect)
Chance of success: not yet communicated


I3 ENERGY (London: I3E) Рmkt. cap. £32.11m
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) ‚Äď 100% I3E interest
Resource estimate: 200 MMBO recoverable resources
Chance of success: not yet communicated


CORO ENERGY (London: CORO) Рmkt. cap. £17.57m
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) ‚Äď 15% CORO interest
Resource estimate: 2C recoverable resources of 276 BCF and 392 BCF of 3C recoverable resources
Chance of success: 45% (Tambak prospect)


EMPYREAN ENERGY (London: EME) Рmkt. cap. £39.46m
Web: http://www.empyreanenergy.com  Email: not disclosed  Tel: +61 8 9380 9920  Corporate office address: 22 Railway Road, Subiaco, Australia  CEO: Tom Kelly  Directors own: 27.41%
Duyung PSC exploration and appraisal wells, Indonesia¬†(spud end summer 2019 – multi well programme) ‚Äď 8.5% EME interest
Resource estimate: 2C recoverable resources of 276 BCF and 392 BCF of 3C recoverable resources
Chance of success: 45% (Tambak prospect)


PROVIDENCE RESOURCES (London: PVR) Рmkt. cap. £70.22m
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) ‚Äď 40% PVR interest
Resource estimate: 2C total recoverable resources of 345.5 MMBOE
Chance of success: not yet communicated


LANSDOWNE OIL & GAS (London: LOGP) Рmkt. cap. £11.14m
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) ‚Äď 10% LOGP interest
Resource estimate: 2C total recoverable resources of 345.5 MMBOE
Chance of success: not yet communicated


SAN LEON ENERGY (London: SLE) Рmkt. cap. £203.45m
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) ‚Äď 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


ūüö©¬†POSSIBLE DRILLS IN 2019 ONWARDS¬†(subject to funding / farm out / rig confirmation / etc.)


AMINEX (London: AEX) Рmkt. cap. £37.71m
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) ‚Äď 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) Рmkt. cap. £11.05m
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) ‚Äď 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


TOWER RESOURCES (London: TRP) Рmkt. cap. £4.81m
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 July 2019) ‚Äď 100% TRP interest
Resource estimate: mean prospective resources of 664 MMBOE
Chance of success: not yet communicated


CLUFF NATURAL RESOURCES (London: CLNR) Рmkt. cap. £11.80m
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) ‚Äď 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) Рmkt. cap. £18.18m
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) ‚Äď 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) ‚Äď 100% CHAR interest
Resource estimate: gross, mean prospective resource of 911 MMBO
Chance of success: not yet communicated


ECHO ENERGY (London: ECHO) Рmkt. cap. £12.07m
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) ‚Äď 50% ECHO interest
Resource estimate: gross unrisked prospective resources of 6.0 TCF
Chance of success: not yet communicated


PROSPEX OIL & GAS (London: PXOG) Рmkt. cap. £3.03m
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) ‚Äď 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) Рmkt. cap. £1.79m
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) ‚Äď 100% BOIL interest
Resource estimate: unrisked recoverable P50 Prospective Resources of 25 BCF
Chance of success: not yet communicated


EGDON RESOURCES (London: EDR) Рmkt. cap. £13.91m
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) ‚Äď 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) Рmkt. cap. £11.41m
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) ‚Äď 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) Рmkt. cap. £12.23m
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) ‚Äď 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) Рmkt. cap. £32.58m
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) ‚Äď 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) Рmkt. 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) ‚Äď 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) Рmkt. cap. £3.23m
Web: http://www.canoverseas.com ¬†Email: not disclosed ¬†Tel: +1¬†403 262 5441 ¬†Corporate office address: 3200, 715 ‚Äď 5th Avenue SW,¬†Calgary, Canada ¬†CEO: Arthur Millholland ¬†Directors own: 4.1% (including senior management)
OPL 226 appraisal well, offshore Nigeria¬†(financing awaited) ‚Äď 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) Рmkt. cap. £23.32m
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) ‚Äď 56% AAOG interest
Resource estimate: not yet communicated
Chance of success: not yet communicated


ROSE PETROLEUM (London: ROSE) Рmkt. cap. £2.61m
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) ‚Äď 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) Рmkt. cap. £68.85m
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) ‚Äď 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 17 May 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.