ΕιδήσειςΕυρωπαϊκές Ειδήσεις Circle Oil Expects 2014 to Be Very Active Year dj Δευ, 16 Δεκεμβρίου 2013 - 16:55
Circle Oil PLC (COP.LN), an international oil and gas exploration, development and production company, said Monday 2014 will be a very active year operationally with substantial drilling activity in all areas of operation. MAIN FACTS: -Exploration drilling in Morocco , onshore and offshore Tunisia , onshore Oman and development drilling in Egypt will be augmented with work on the new Beni Khalled permit. -In Egypt , operations have continued on the NW Gemsa Permit with current gross production of 11,100 barrels of oil per day, or bopd and 11.8 million square feet per day, or MMscf/d, of gas giving total gross daily production of 13,150 barrels of oil equivalent per day, or boepd. -Cumulative production to date is 13.7 MMbo and 3.4 billion cubic feet, or bcf, of gas giving at total cumulative production of 14.3 MMboe. -Receipts from EGPC for the year are expected to be in-line with forecast and are also expected to be higher than those in 2012. -On the back of increased gross production levels of 3.75MMbo for 2013 up from 3.16MMbo for 2012, receivables due at year-end are forecast to be lower than those at previous year end. -In Block 49, the Company expects to drill one exploration well in the first half of 2014; requisite drilling rig tender documents have been submitted and a well location has now been agreed. -In Block 52, the 2013 2D inshore marine seismic was tendered and awarded and the vessel is presently expected on site early Q1 2014. -Acquisition program will target the three identified inshore prospects to delineate and rank them for drilling; farm-out process continues and, at present, two companies are evaluating the data. -In Morocco , production has continued throughout H2 of 2013 in line with expectations in the region 6.8-7.0 MMscf/d gross, fulfilling existing commercial contracts. -Shares at 0855 GMT up 1 pence, or 3.18%, at 20 pence valuing the company at 110.52 million pounds. Διαβάστε ακόμα Πουγιάν: Η Μεταφορά Φυσικού Αερίου μέσω Ουκρανίας Συνεχίζει να Επηρεάζει τις Ευρωπαϊκές Τιμές Δευ, 26 Αυγούστου 2024 - 17:40 Κεραυνός: Δεν Απείλησα Ότι θα Παραιτηθώ για τον Great Sea Interconnector Δευ, 26 Αυγούστου 2024 - 16:40 Κύπρος: Αύριο η Απόφαση για τον Σταθμό LNG στο Βασιλικό Δευ, 26 Αυγούστου 2024 - 15:00 Δασικές πυρκαγιές: Αντιμέτωπη με Μεγάλες Καθυστερήσεις σε Καναντέρ η Ευρώπη Δευ, 26 Αυγούστου 2024 - 13:50 Τι θα Χάσει η Κύπρος Αν Ναυαγήσει η Ηλεκτρική Διασύνδεση του GSI Δευ, 26 Αυγούστου 2024 - 12:55
Πουγιάν: Η Μεταφορά Φυσικού Αερίου μέσω Ουκρανίας Συνεχίζει να Επηρεάζει τις Ευρωπαϊκές Τιμές Δευ, 26 Αυγούστου 2024 - 17:40
Κεραυνός: Δεν Απείλησα Ότι θα Παραιτηθώ για τον Great Sea Interconnector Δευ, 26 Αυγούστου 2024 - 16:40
Δασικές πυρκαγιές: Αντιμέτωπη με Μεγάλες Καθυστερήσεις σε Καναντέρ η Ευρώπη Δευ, 26 Αυγούστου 2024 - 13:50