Forum Energy analysing data
Gas exploration and development firm Forum has processed the 2D and 3D seismic data relating to the SC72 Recto Bank block acquired in 2011 and is now interpreting the findings.
Gas exploration and development firm Forum has processed the 2D and 3D seismic data relating to the SC72 Recto Bank block acquired in 2011 and is now interpreting the findings.
The final report currently expected by mid 2012.
The interpretation of the 3D data aims to identify optimal drilling locations over the Sampaguita Gas Field. The interpretation of the 2D data is also ongoing and aims to identify new prospects outside the Sampaguita Gas Field and potentially to elevate known leads to prospect status, the firm said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The share price stablised after falling in morning trading.
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Live: Did UK inflation rise in December? What to expect from tomorrow’s report
December’s inflation report will be published at 7.00am tomorrow. The team at MoneyWeek is reporting live.
By Katie Williams Last updated
-
Newspaper baron David Montgomery to bid for The Telegraph
Veteran media mogul David Montgomery has seen off a bid for his media group National World. But he now has his eye on The Telegraph
By Jane Lewis Published