Tag: Oil and Gas

Is Key Petroleum the best emerging energy play in the Perth Basin?

Is Key Petroleum the best emerging energy play in the Perth Basin?

Key Petroleum Limited (ASX: KEY) is emerging as one of Western Australia’s brightest oil and gas explorers. The company has a well-established position in the Perth Basin, having focused on a new phase of activity centred on the L7 (R1) Mt Horner acquisition, and the adjacent Wye Knot-1 drilling program in EP 437. The Perth Basin has become a hot spot for oil and gas explorers on the back of corporate activity, exploration success and recognition of the promising supply demand dynamics that should support strong pricing in the coming years. Highlighting why there is interest in this region is Strike Energy (ASX: STX), which received an overnight five-fold share price increase after announcing a significant gas discovery in the...

AOG bigger than ever

AOG bigger than ever

AOG bigger than ever THE Australasian Oil and Gas Exhibition is shaping up to be a whopper, with 118 new exhibitors signed up for the event at the Perth Convention Centre, from March 11-13. Businesses catering for the oil, gas and energy industry are gearing up to showcase a range of innovations and services. Renewable energy is making its presence felt with a Renewables and Energy Storage zone included for the first time. The dedicated exhibition floor will be promoting Australia as a leading investment destination for renewable energy products. As part of the renewables energy discussion, conference sessions around the path to energy transition, and energy diversification will be chaired by industry leaders. A raft of energizing and valuable...

Charlie-1 looms as potential company maker for 88 Energy

Charlie-1 looms as potential company maker for 88 Energy

Charlie-1 looms as potential company maker for 88 Energy Written by Trevor Hoey ALASKAN focused oil and gas group, 88 Energy Ltd (ASX:88E) provided a further update on Monday regarding the progress of the group’s Charlie-1 appraisal well on the North Slope of Alaska. With the rig mobilised and drilling to start this weekend there is the potential for near-term market moving news. 88 Energy has the support of Premier Oil Plc which sees the company fully carried up to US$23 million while still maintaining a 30% working interest. Charlie-1 will test multiple stacked targets in the March quarter assessed at 480 million barrels net to 88E. This will see the group step-out to Malguk-1, an historic discovery well drilled...