article thumbnail

Ithaca ups stake in Cygnus gas field

Offshore Energies UK

Ithaca said it saw the potential for significant upside potential through further infill drilling beyond the next three approved wells. Independent producer Ithaca Energy has bought a further 46.25% stake in the Cygnus gas field from Spirit Energy for a purchase price of 116mn, it said in a stock exchange statement May 20.

Field 52
article thumbnail

Agiba Develops Iris Field in Record Time Producing 8,500 boe/d

Egypt Oil & Gas

An infill drilling campaign is already planned, with additional wells ready to be drilled in the upcoming weeks, identified through seamless integration of exploration and reservoir asset teams.

Field 52
article thumbnail

The Value of This LARGE SCALE Gold Deposit Is Getting Ready to Jump

Oil and Gas Investments

At Goldshore, a lot of the heavy lifting has been done 235,000 meters of drilling and initial metallurgical work!!! To me, the essence of the investor story for Goldshore is–the value gap between Inferred and M&I ounces is BIG–and easy for Goldshore after that amount of drilling. Ideally in North America.