Crude Oil (WTI)

Commodity

XD0015948363

Delayed OTC Data Services 10:23:16 2024-04-30 pm EDT			5-day change	1st Jan Change
80.87 ^USD	-0.31%		-3.00%	+13.44%

03:22am	Condor Energy Completes Regional Seismic Interpretation at Peru License	MT
03:11am	Australian shares fall as miners and banks drag; Fed in focus	RE

Pennpetro looks to workover wells in Texas on Chalk Talk buy

September 08, 2023 at 06:26 am EDT

Pennpetro Energy PLC - oil and gas company focusing on production and development in Gonzales County, Texas - Confirms it has completed its acquisition of the Chalk Talk 1, Chalk Talk 3, and Chalk Talk 4 wells from Millennium PetroCapital Corp. Official records lodged with the Texas Railroad Commission show that Pennpetro's subsidiary, Nobel Petroleum USA Inc, is now the legal owner and operator of these assets. Pennpetro didn't specify the value of the acquisition.

Chief Executive Officer Tom Evans says: "Our oil development team in Texas have been very busy registering our 100% interests in these oil wells and preparing for the well workovers to start. Noble is now finally visible on the Railroad Commission website as owner/operator of the wells thereby allowing us to formally appoint contractors to carry out the on-site well works to bring these well back into oil production. Our current plans are to start with the workover of the Chalk Talk 1H well before moving on to flowing oil from Chalk Talk 4H, City of Gonzales 1 (COG1) and our Whistling Straits 5H wells. We have a very busy work program ahead and look forward to updating shareholders in the near term."

Current stock price: 1.86 pence

12-month change: down 99%

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BIST 100	10,046 PTS	-0.37%	+4.15%	-
BRENT CRUDE OIL SPOT	85.54 USD	-0.41%	-3.22%	-
WTI	80.87 USD	-0.31%	-3.00%	-
PENNPETRO ENERGY PLC	0.775 GBX	-.--%	-6.06%	822K

Latest news about Crude Oil (WTI)

Condor Energy Completes Regional Seismic Interpretation at Peru License	09:22pm	MT
Australian shares fall as miners and banks drag; Fed in focus	09:11pm	RE
QEM Changes Registered Office	08:47pm	MT
Oil falls for a third day as U.S. crude inventories swell	08:46pm	RE
QEM Names CFO	08:45pm	MT
Cue Energy Resources H1 Revenue Jumps 22% to AU$29.3 Million	07:53pm	MT
Energy Drops With Oil Futures -- Energy Roundup	Apr. 30	DJ
Canada regulator approves final permits for Trans Mountain pipeline expansion	Apr. 30	RE
Yangarra Resources Q1 Profit Drops 39% on Weaker Oil and Gas Prices and Lower Production	Apr. 30	MT
EARNINGS: Anglo-Eastern Plantations lifts dividend; profit falls	Apr. 30	AN
Canada Energy Regulator approves final permits for Trans Mountain expansion project	Apr. 30	RE
Equity Markets Slide Ahead of Fed Rate Decision	Apr. 30	MT
Equity Markets Drop Ahead of Fed Rate Decision	Apr. 30	MT
TSX Down More Than 1% Today and More Than 2% For April, Having Hit Record Highs Earlier In the Month; But Cannabis Stocks Hit a High	Apr. 30	MT
TSX loses monthly winning streak as US rate cut prospects ebb	Apr. 30	RE
News Highlights : Top Energy News of the Day - Tuesday at 4 PM ET	Apr. 30	DJ
US Equity Markets Close Down Tuesday After Higher Wage Data	Apr. 30	MT
Diamondback Energy beats first quarter profit estimates on higher production	Apr. 30	RE
Equity Markets Down Ahead of Amazon Earnings	Apr. 30	MT
Sector Update: Energy Stocks Slide in Late Tuesday Afternoon Trading	Apr. 30	MT
Sector Update: Energy	Apr. 30	MT
Equity Markets Fall Intraday as Traders Parse Earnings, Await Amazon Results	Apr. 30	MT
June WTI Crude Oil Contract Closes Down US$0.70; Settles at US$81.93 per Barrel	Apr. 30	MT
Surging Wage Growth Drags US Equity Indexes Lower, Treasury Yields Higher Ahead of Fed Policy Statement	Apr. 30	MT
Sector Update: Energy Stocks Decline in Tuesday Afternoon Trading	Apr. 30	MT