Coastal Energy jumps on successful results

Coastal Energy, an independent exploration and production company, soared on news it has produced successful testing results from the first two Bua Ban North A wells in the Gulf of Thailand.

Coastal Energy, an independent exploration and production company, soared on news it has produced successful testing results from the first two Bua Ban North A wells in the Gulf of Thailand.

The wells have been completed and are undergoing production testing. The Bua Ban North A-10 well, which came fully online on December 28, has been steadily producing approximately 3,000 barrels of oil per day (bopd).

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