US-focused Caza Oil & Gas jumped after it confirmed it had reached total vertical depth on its Forehand Ranch well on schedule. Log and core data confirmed the presence of multiple potential pay zones containing oil and liquids-rich natural gas, the firm said. The company added that a twelve stage frac at its Caza Ridge site went off successfully, and it hoped to provide post frac production results in the coming weeks. Shares rose 7.25% following the announcement.
Edge Resources also rose strongly after announcing the successful drilling, completion and equipping of two oil wells at its Grand Forks property in Alberta. The company now expects to significantly increase production at the site. The wells have already been tied-into existing pipelines and are being production-tested utilizing the company's existing facilities. Shares were up 8% on the news.
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Government revives Pensions Commission to tackle retirement savings crisisAlmost half of working-age adults save nothing into a pension. We look at why tomorrow’s pensioners are on track to be poorer than today’s
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