Past year: ▲ 0%(0.00c – 0.00c USD)
Each one in plain English, with the numbers worked through for a shareholder.
27 June 2017drilling progress report● Neutral
The company announced it would spud the Cattani-Rennie 47X-15 exploration well in the Sunset Boulevard prospect, Kern County, California, costing about $2 million to a depth of 9,000 feet, with initial results expected in about 30 days. The company says it holds 19.25% of the field (13.75% direct plus 5.5% through its 20% stake in Horizon Energy); the 50 million barrel figure is prospective resources, not proven.
30 May 2017drilling result▲ GoodMajor
The Red Fork 1-3 found up to 30 feet of oil-bearing rock plus a separate chat zone possibly larger than the one found weeks earlier - a second field inside the 106,500-acre Osage County concession within a month. Flow and frac tests still had to come before any production rate could be claimed.
16 May 2017drilling progress report▲ GoodMajor
Petro River spudded the Red Fork Channel 1-3 to about 2,800 feet at Pearsonia West, chasing a second find a week after announcing the Chat discovery. Both targets came off the same 3-D seismic survey, which the company said had identified more than a dozen prospects.
23 May 2016drilling progress report● NeutralMajor
Drilling began on the Woodburn Forest-1 well in the Larne Basin, Northern Ireland, with initial results expected in July 2016. The company holds 9% and Horizon Energy 16% of the licences; the 25 million barrel figure is a partner estimate of prospective resources, not a discovery.
