The 2022 to 2023 SASB development drilling program succeeded in six out of six wells, resulting in large volumes of gas reserves being tied into the pipeline for production. There is no reason why future additional wells will not have the same success. Trillium is partnered with the state oil company, and that tells me there is a lot of confidence in the management of this company to execute.
TAG Oil has provided an update on its progress on the potentially lucrative Abu-Roash F oil deposit. Read on to see why analysts like this company's stock.
Ron Struthers of Struthers Resource Stock Report last predicted a bottom in oil prices on May 5 because of a morning doji star reversal pattern and oversold conditions. And he shared that he had a repeat of this again late this week.
Recently, ADX Energy Ltd. announced updates on increased reserves, new exploration prospects, and near-term drilling catalysts, noted Stephane Foucaud in an Auctus Advisors research note.
This week, Arrow Exploration Corp. shared an update on the Rio Cravo Este-6 (RCE-6) well on the Tapir block in the Llanos basin of Colombia. Read to see why analysts are excited about this company's stock.
Better-than-expected flows and a discovery from one well plus greater volumes out of another should positively impact future production totals, noted an Auctus Advisors report.
Stephane Foucaud at Auctus Advisors sees over 90% upside for Panoro Energy based on increased reserves, new exploration potential, and improving fundamentals.
This event follows a month-long delay in drilling due to a mechanical issue and creating a new operational plan, noted a Research Capital Corp. report.
GeoPark Ltd. (GPRK:NYSE) announced positive exploration results that could significantly expand production, noted Stephane Foucaud in a November research note.
Ron Struthers of Struthers Resource Stock Report expects the Middle East conflict to widen and eventually propel oil prices much higher. It is also possible that Arab states could deploy an oil embargo. Callon Petroleum is cheap and would be a prime benefactor. With the uncertainty, it is a good idea to take profits in tanker stocks.
As the Middle East conflict stokes fears of a 1970s-style oil embargo, some Western energy stocks could benefit from turmoil disrupting global supplies.
The company is expected to continue amassing cash given strong oil prices, in line production and two wells restarting soon, noted a Research Capital Corp. report.