Meren Energy | TSX: AOI Leading independent E&P with deepwater Nigeria production, a carried position in the Orange Basin (Namibia & South Africa), and operated licences in Equatorial Guinea. View investor info → |
Condor Production Exceeds 16,900 Boe/d as K-42 Delivers Stronger Than Expected Results(TSX: CDR) Condor Energies Inc. provided an operational update on its Uzbekistan project, reporting a new corporate production milestone averaging 16,921 boe/d over the past 72 hours. The increase was driven by the recently drilled Kumli-42 vertical well (K-42), which was drilled to 2,462 meters and encountered 26.5 metres of net carbonate reservoir across six intervals. The lower interval of K-42 was flow tested for 4 hours, yielding an average flowing rate of 11.2 MMscf/d (1,867 boepd) on a 1” choke at 678 psi, with a preliminary condensate-gas ratio of 1.3 barrels per MMscf and 359 barrels per day of water. Production in Uzbekistan for the second quarter of 2026 averaged 13,851 boe/d, comprised of 13,458 boe/d (80,748 MMscf/d) of natural gas and 393 barrels per day of condensate, representing a 17.1% increase from the first quarter of 2026. The company recognizes 100% of the production volumes, sales volumes, sales revenues, royalties and expenses related to the PEC Project in Uzbekistan, of which 51% are attributable to the Company. The company projects that both K-43 and K-44 are expected to reach TD in July, begin production in early August, and target the upper reservoir which is producing over 12 MMscf/d at both K-46 and K-47. Condor has a drilling inventory of more than 50 wells and is developing Central Asia’s first LNG ‘lower carbon fuel’ diesel substitution facility in Kazakhstan, as well as a separate initiative to develop and produce critical minerals from brines in Kazakhstan. Beetaloo Energy Australia Confirms Stable Carpentaria-5H Gas Flow(ASX:BTL) Beetaloo Energy Australia has completed a 30-day initial production flow test at the Carpentaria-5H well, achieving an average rate of 6.9 terajoules per day. The Northern Territory shale gas well recorded a peak rate above 14 terajoules per day and finished the test at 6.7TJ/day after maintaining a low rate of decline. The stable production profile supports the previously estimated 2C recoverable gas resource of approximately 10 petajoules at the well location. The latest test began on 11 June 2026 and followed an earlier 30-day clean-up period that averaged 7.1TJ/day and recorded an exit rate of 6.3TJ/day. Carpentaria-5H incorporates a 3,310-metre horizontal section, of which 2,955m was fracture stimulated, and the completion comprised 67 slickwater stages using approximately 11,000t of proppant at an average intensity of 2,295 pounds per foot. Water production declined from about 1,300 barrels per day to approximately 440 barrels per day during the IP30 test. Beetaloo Energy anticipates commissioning the Carpentaria plant during the fourth quarter of 2026 before commencing first gas sales from the pilot project. Chesapeake Utilities Corporation Announces Florida Energy Pathway Project(NYSE: CPK) Chesapeake Utilities Corporation and its subsidiary, Peninsula Pipeline Company ("PPC"), announced the Florida Energy Pathway ("FEP"), a new intrastate natural gas infrastructure project in south Florida with an estimated total project investment of approximately $1.2 billion. FEP is anticipated to be a 24-inch intrastate natural gas pipeline originating in Palm Beach County and terminating in Miami-Dade County. The project is anchored by firm commitments totaling nearly 250,000 dekatherms per day from multiple investment grade shippers. Upstream capacity will be supplied by Florida Gas Transmission in conjunction with its Phase IX expansion. The project is anticipated to be in service in 2030, subject to final commissioning. Chesapeake Utilities intends to partner with one or more third parties to invest in and own up to 49% of the total project. Chesapeake Utilities will discuss this project in further detail and address its long-term capital investment expectations on its second quarter earnings call in August. Gran Tierra Energy Inc: Report on Payments to Governments(ASX:GTE) Gran Tierra Energy Inc. reported payments to governments for the year ended 31 December 2025, disclosing detailed figures by country, payee, and project. The company paid 74,057,067 in royalties to the National Hydrocarbon Agency of Colombia and 36,238,959 in royalties to the Central Bank of Ecuador. Taxes paid included 2,138,719 to the Directorate of National Taxes and Customs of Colombia, 1,998,128 to the Internal Revenue Service of Ecuador, and 1,089,281 to the Government of Canada. In Canada, the company paid 8,674,552 in royalties to the Alberta Petroleum Marketing Commission and 3,459,968 in royalties to Alberta Energy and Minerals. Project-level payments included 45,619,4137 to the Middle Magdalena Basin in Colombia and 18,202,641 to the Central Area in Canada. The report states that all payments are disclosed on a cash basis in U.S. Dollars and are based on where the obligation for the payment arose. CGX Energy | TSX-V: OYL Offshore Guyana explorer holding a proven interest in the Corentyne block with over 11 billion barrels of recoverable oil equivalent discovered in the basin to date. View investor info → |
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