Matra Petroleum still toughing it out at Sokolovskoe
Matra Petroleum continues to have a tough time with Well-12 at its Sokolovskoe Field in Russia. Well-12 has had a particularly difficult history. Following the announcement of the discovery with...
View ArticleSokolovskoe woe continues for Matra Petroleum
Matra Petroleum has encountered further difficulties at its Sokolovskoe field in Russia and said it needs to raise $7 million for 3D seismic and to drill a third well. Well-12 has suffered from a...
View ArticleVictoria Oil & Gas revises gas sales target and defers expenditure
Victoria Oil & Gas has reported good, but slower than anticipated, progress in connecting gas customers in Cameroon and will be re-phasing capital expenditure to preserve cash. Victoria Oil &...
View ArticlePetroNeft Resources expects new well in production in September
PetroNeft Resources (LON:PTR) has confirmed that production from its Linenoye and Arbuzovskoye fields, in Russia, is remaining steady at 2,000 barrels of oil per day and that the first new production...
View ArticlePetroNeft boosts production with new well
PetroNeft Resources has provided an update on the flow rate achieved from recently drilled Arbuzovskoye well 101 in Russia. The Arbuzovskoye well 101, the first of ten planned new production wells on...
View ArticleRuspetro suffers low flow rates at Palyanavo
Ruspetro (LSE: RPO) has encountered further difficulties in its attempts to increase production in Siberia. In early January, Ruspetro, which has assets located in the Khanty-Mansiysk region of the...
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