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[cpap man] 28/3/2017 07:45

TOM



Very interesting RNS [1st of many no doubt now!!!!] out from TOM this a.m.



Chris Brown, TomCo's CEO, commented:

"This is an extremely exciting time for TomCo and our new subsidiary TurboShale. We believe we have found a collection of technologies that can be competitive at current oil prices and address the problems of producing shale oil from kerogen. While we continue to monitor the progress at RedLeaf, TurboShale allows TomCo to have greater control of its future development plans. There are estimated to be 3 trillion barrels of oil in the Green River Formation in the USA, and TomCo Energy has 126 million of these barrels in JORC Measured Category at the Holliday Block alone, so the prize for commercialising oil shale production is huge. I am very pleased that Ray Kasevich and Jeb Rong have agreed to join TurboShale and to work on the TurboShale™ Technology. I am also looking forward to working with Graeme Hossie again, who co-founded London Mining with me."

[fangorn2] 27/3/2017 11:40

Oil producers consider output cut extension as support grows

After Sunday’s meeting, Kuwait’s Almarzooq, the compliance committee’s chairman, said OPEC is assessing whether to prolong the cuts for another six months. But the committee in its final statement removed a section in the draft that said it recommended a six-month extension.

OPEC’s compliance rate was 106 percent in February, and non-OPEC nations including Russia have reached compliance of 64 percent, Kuwait’s Almarzooq said Sunday.

The combined compliance rate of both was 94 percent, he said

[bountyhunter] 27/3/2017 07:41

followed by this morning's RNS

"...Dr Robert Trice, Hurricane's CEO, commented:

"This is a highly significant moment for Hurricane and I am delighted that the Halifax Well results support the Company's view that its substantial Lancaster discovery has been extended to include the Halifax licence. We believe that the GLA is a single hydrocarbon accumulation, making it the largest undeveloped discovery on the UK Continental Shelf.

The discovery of a 1km hydrocarbon column at Halifax validates the efforts the Company undertook to acquire the licence and drill, test and log the Halifax Well through the winter months. Given the positive well results, the Halifax Well has been suspended to provide the Company the option to return to undertake further testing as well as provide the option to deepen the well and thereby establish a definitive oil water contact..."

[bountyhunter] 27/3/2017 07:41

followed by this morning's RNS:

"...Dr Robert Trice, Hurricane's CEO, commented:

"This is a highly significant moment for Hurricane and I am delighted that the Halifax Well results support the Company's view that its substantial Lancaster discovery has been extended to include the Halifax licence. We believe that the GLA is a single hydrocarbon accumulation, making it the largest undeveloped discovery on the UK Continental Shelf.

The discovery of a 1km hydrocarbon column at Halifax validates the efforts the Company undertook to acquire the licence and drill, test and log the Halifax Well through the winter months. Given the positive well results, the Halifax Well has been suspended to provide the Company the option to return to undertake further testing as well as provide the option to deepen the well and thereby establish a definitive oil water contact..."

[bountyhunter] 26/3/2017 21:35

glad to be in HUR after reading the the following FT weekend news story:



looking forward to tomorrow :-)

[bountyhunter] 26/3/2017 21:33

glad to be in HUR after reading the the following FT weekend news story:



looking forward to tomorrow :-)