BOPD

VAALCO Energy Announces Successful Completion of South Tchibala 1HB-ST Well and Provides Operational Update

Retrieved on: 
Thursday, July 7, 2022
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"We achieved record high quarterly liftings during the second quarter of 2022, which equates to sales volumes of approximately 10,500 BOPD net to VAALCO.

Key Points: 
  • "We achieved record high quarterly liftings during the second quarter of 2022, which equates to sales volumes of approximately 10,500 BOPD net to VAALCO.
  • The South Tchibala 1HB-ST was successfully completed after performing a frac pack on the Dentale D1 sand, the first operation of this kind in the Etame field.
  • The second sand identified during the drilling, the Dentale D9, was not appraised during this completion, although it also showed hydrocarbon potential.
  • VAALCO disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Kolibri Global Energy Inc. 30 Day Initial Production Rate of 605 BOEPD From the Barnes 8-4H Well; Averaging 615 BOEPD Over the Past Seven Days

Retrieved on: 
Tuesday, May 24, 2022
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The Barnes 8-4H well has averaged 615 BOEPD (517 BOPD) over the last 7 days of production.

Key Points: 
  • The Barnes 8-4H well has averaged 615 BOEPD (517 BOPD) over the last 7 days of production.
  • The Barnes 8-4H IP30 rate is 56 percent higher than the Reserve Report IP30 and 28 percent higher than the Management IP30.
  • The Companys management type curve generates a 145% Internal Rate of Return at a $100 a barrel oil price.
  • About Kolibri Global Energy Inc.
    Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy.

FOOTHILLS EXPLORATION INC. PROVIDES OPERATIONS UPDATE

Retrieved on: 
Tuesday, May 3, 2022
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LOS ANGELES, May 03, 2022 (GLOBE NEWSWIRE) -- Foothills Exploration, Inc. (OTC: FTXP), including its direct and indirect subsidiaries, ("Foothills," or the "Company"), an oil and gas exploration company focused on delivering the energy needs of today and tomorrow, is pleased to announce an operations update for Q1 2022.

Key Points: 
  • LOS ANGELES, May 03, 2022 (GLOBE NEWSWIRE) -- Foothills Exploration, Inc. (OTC: FTXP), including its direct and indirect subsidiaries, ("Foothills," or the "Company"), an oil and gas exploration company focused on delivering the energy needs of today and tomorrow, is pleased to announce an operations update for Q1 2022.
  • During Q1 2022, the Company performed workover operations on three of the wells, which successful generated a 75% increase in production for total operations.
  • The Company signed a participation agreement to participate in 50% of the rework operations of the Mark Heat #4 well.
  • Foothills Exploration, Inc. (FTXP or the Company), is an oil and gas exploration and development company focused on delivering the energy needs of today and tomorrow.

VAALCO Energy Announces Successful Avouma 3H-ST Development Well Placed on Production

Retrieved on: 
Tuesday, April 26, 2022
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HOUSTON, April 26, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company")today announced the successful completion of the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon.

Key Points: 
  • HOUSTON, April 26, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company")today announced the successful completion of the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon.
  • George Maxwell, VAALCOs Chief Executive Officer, commented, "We are very excited with the initial results from another highly successful development well at Etame.
  • We have now brought online two successful development wells in 2022 with very strong initial flow rates at an opportune time, with sustained higher Brent pricing.
  • VAALCO, founded in 1985, is a Houston, USA based, independent energy company with production, development and exploration assets in the West African region.

Kolibri Global Energy Inc. Barnes 7-3H Well Currently Producing Over 1,000 BOEPD

Retrieved on: 
Thursday, March 31, 2022
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Kolibri Global Energy Inc. (the Company or KEI) (TSX: KEI, OTCQB: KGEIF) is providing an update on the Barnes 7-3H well (98.07% working interest), in its Tishomingo field in Oklahoma.

Key Points: 
  • Kolibri Global Energy Inc. (the Company or KEI) (TSX: KEI, OTCQB: KGEIF) is providing an update on the Barnes 7-3H well (98.07% working interest), in its Tishomingo field in Oklahoma.
  • The Company has achieved these results utilizing a controlled flowback on the well to optimize long-term production and recoveries.
  • We are beyond thrilled about the early performance of the Barnes 7-3H well as it is exceeding even our most optimistic forecasts.
  • About Kolibri Global Energy Inc.
    Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy.

Ring Energy Provides Operational and Financial Update

Retrieved on: 
Tuesday, February 22, 2022
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The current strong energy pricing environment, together with continued drilling success should allow us to increase operational cash flow significantly in 2022.

Key Points: 
  • The current strong energy pricing environment, together with continued drilling success should allow us to increase operational cash flow significantly in 2022.
  • In short, we continue to execute on our targeted strategy to further drive financial stability, improve the balance sheet and increase shareholder value.
  • Ring paid down $5.0 million of debt during the fourth quarter of 2021 and $23.0 million in the full year of 2021.
  • Ring finished the year with approximately $2.4 million cash on hand, improving its liquidity to nearly $62 million.

VAALCO Energy Announces Successful Etame 8H-ST Well Has Been Placed on Production and Provides Operational and Financial Update

Retrieved on: 
Monday, February 7, 2022
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Additionally, VAALCO provided an operational and financial update for some key metrics for the fourth quarter and full year 2021.

Key Points: 
  • Additionally, VAALCO provided an operational and financial update for some key metrics for the fourth quarter and full year 2021.
  • We brought the Etame 8H-ST well online with very strong initial flow rates at an opportune time, with Brent selling near $90 per barrel.
  • VAALCO, founded in 1985, is a Houston, USA based, independent energy company with production, development and exploration assets in the West African region.
  • VAALCO disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

FOOTHILLS EXPLORATION INC. PROVIDES JANUARY 2022 CORPORATE UPDATE

Retrieved on: 
Wednesday, January 19, 2022
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LOS ANGELES, CA, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Foothills Exploration, Inc. (OTC: FTXP) ("Foothills" or the "Company"), an oil and gas exploration and development company focused on delivering the energy needs of today and tomorrow is pleased to announce a corporate update and outlook for 2022.

Key Points: 
  • LOS ANGELES, CA, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Foothills Exploration, Inc. (OTC: FTXP) ("Foothills" or the "Company"), an oil and gas exploration and development company focused on delivering the energy needs of today and tomorrow is pleased to announce a corporate update and outlook for 2022.
  • Foothills Exploration, Inc. (FTXP or the Company), is an oil and gas exploration and development company focused on delivering the energy needs of today and tomorrow.
  • Any forward-looking statement made by us in this news release speaks only as of the date on which it is made.
  • We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law.

FOOTHILLS EXPLORATION INC. CLOSES ON ACQUISITION OF SMALL INDEPENDENENT OIL & GAS OPERATOR IN THE ILLNOIS BASIN

Retrieved on: 
Friday, December 31, 2021
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The transaction includes the acquisition of 20 oil wells and 4 Class II salt water disposal injection wells in the Illinois Basin with an effective date of October 1, 2021.

Key Points: 
  • The transaction includes the acquisition of 20 oil wells and 4 Class II salt water disposal injection wells in the Illinois Basin with an effective date of October 1, 2021.
  • The transaction also includes 9 inactive wells that can be returned to production immediately for a nominal capital expenditure.
  • The Sears-Houser #4 well has demonstrated an initial production of 33 barrels of oil per day (BOPD), which is 50% owned by the Company.
  • Foothills Exploration, Inc. (FTXP or the Company), is an oil and gas exploration and development company focused on delivering the energy needs of today and tomorrow.

VAALCO Successfully Completes Two Etame Field Well Workovers

Retrieved on: 
Monday, November 1, 2021
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HOUSTON, Nov. 01, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (VAALCO or the Company) today announced that it has completed the two previously-announced workovers at the Etame field offshore Gabon and added a total of approximately 1,050 gross barrels of crude oil per day (BOPD), (540 net BOPD to VAALCO).

Key Points: 
  • HOUSTON, Nov. 01, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (VAALCO or the Company) today announced that it has completed the two previously-announced workovers at the Etame field offshore Gabon and added a total of approximately 1,050 gross barrels of crude oil per day (BOPD), (540 net BOPD to VAALCO).
  • George Maxwell, VAALCOs Chief Executive Officer, commented, We are pleased with the results from these workovers, in particular, the 1,050 gross BOPD of additional production.
  • We will continue to efficiently operate at Etame which generates strong cash flow to fund our accretive strategic initiatives.
  • VAALCO, founded in 1985, is a Houston, USA based, independent energy company with production, development and exploration assets in the West African region.