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Union Jack Oil plc sign farm-in agreement with Reach Oil and Gas for the Sark Drilling Project

Oilfield Technology

3D supported Sark well will drill a dip and fault closed large structure of 156 acres area and 40 ft relief Estimated recoverable resources of 1 440 000 bbls of oil gross. Estimated success case of NPV10% circa US$10 900 000 net, based on a US$65/bbl oil price.

Oil 52
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Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

Oil & Gas 360º

billion in 2027 2029, before returning to sustaining expected capital of $0.8 HRT is directly connected to the Hardisty Diluent Recovery Unit, an innovative facility which separates diluent from raw bitumen prior to rail transportation, allowing for a competitive netback for upstream producers versus pipeline alternatives.

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Saturn Oil & Gas Inc. provides Q1/25 capital program update and accelerates debt repayment with US$15 million senior note repurchase and cancellation

Oil & Gas 360º

Torquay Waterflood Update As part of our commitment to long-term sustainability, Saturn continued to invest in our waterflood projects during the quarter. Should the WTI benchmark oil price fall to US$50/bbl, Saturns hedge book provides significant protection, having a cash value of over $160 million at that level. GJ to $3.35/GJ.

Gas 100
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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders. After annual capital investments of $2.6

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Oil and Gas 2025: How Will Companies Navigate a Year of Transformation—and Why It Affects Everyone?

Rextag

Forecast: With companies securing three to seven years of viable inventory at $70/ bbl oil, M&A activity is expected to remain a cornerstone of strategy through 2025. Current estimates suggest that at $70/ bbl oil, companies hold three to seven years of drilling inventory in core zones. Currently, at $2.75/MMBtu,

IT 40
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U.S. Upstream Leads ExxonMobil’s 2025 Strategy — Powered by “Advantaged” Projects

Oil Gas Leads

In ExxonMobil’s framework, a project is “advantaged” if it offers: Low breakeven economics (i.e.,

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Gulf Keystone shares rise on Full-Year Results

Iraq Business News: Oil & Gas

We have sustained our positive momentum into 2025, with year to date gross average production of c.46,400 bbl, with prices stabilising in a range of c.$27-$28/bbl 27-$28/bbl in H2 2024 2025 year to date (to 18 March 2025) gross average production of c.46,400 bbl (2023: $40.9/bbl) bbl (2023: $5.6/bbl),

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