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Xtract Energy to carry out further work-over ops at Sarikiz-2
Xtract Energy to carry out further work-over ops at Sarikiz-2
In an update on its operations in Turkey, Xtract Energy (LON:XTR) said that its 50%-owned subsidiary Extrem Energy will install a mechanical bridge plug and a down-hole pump into the Sarikiz-2 well, in an attempt to re-establish production and increase production rates.
Red Rock Resources procures US$2m for Colombian co-development partner
Red Rock Resources procures US$2m for Colombian co-development partner
Red Rock Resources (LON:RRR) has procured a US$2m bank loan for Mineras Four Points SA (MFP), in accordance with the funding and co-operation agreement between the parties signed in June. MFP is expected to drawn down the first US$1m by 2 July 2010, and the balance will be drawn-down within the subsequent three months.
Edison Investment Research notes that it is ‘business as usual’ at Northern Petroleum’s Italian ops
Edison Investment Research notes that it is ‘business as usual’ at Northern Petroleum’s Italian ops
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