4 Ways to Spot Good Exploration Results
With high-profile drill programs driving stocks higher, investors want to know how to identify the next big discovery. Here are four ways to do so.
With high-profile drill programs driving stocks higher, investors want to know how to identify the next big discovery. Here are four ways to do so.
Oil – At PDAC 2013, Keith Schaefer, editor and publisher of Oil & Gas Investments Bulletin, spoke with INN Editor Vivien Diniz about why junior oil and gas explorers are being pushed into frontier regions, why condensate is important and why oil prices are going to drop this year.
INN Senior Editor Andrew Topf chats with Gavin Dirom, president and CEO of the Association for Mineral Exploration British Columbia, during last week's Roundup event in Vancouver.
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Oil – Reuters reported that Ecuador thinks it will be able to garner about $1 billion in investments by auctioning off oil blocks for exploration. The country has a total of 16 blocks available; three are reserved for state-run Petroamazonas while the other 13 are set to be auctioned off on November 28.
Oil – Bloomberg reported that Royal Dutch Shell plc (LSE:RDSA) and Repsol SA (OTC Pink:REPYY) both made winning bids at Colombia's latest auction of oil and gas exploration blocks.
Oil – Canacol Energy Ltd. (TSX:CNE) provided an update on its 2012 exploration programs in Colombia, commenting that its plans include targeting conventional light and heavy oil — along with non-conventional light oil — by drilling nine exploration wells.
Gas – Reuters reported that seismic surveys of the water off the southern coast of Lebanon indicate that the area contains 12 trillion cubic feet of natural gas. The country's government appears confident that exploration plans will move forward smoothly, but noted that the fact that the reserves are underwater will make extraction difficult.
Gas – The Wall Street Journal reported that Tanzania plans to review the contracts of more than 20 oil and gas exploration companies as a result of a recent slew of natural gas discoveries in the country.
Gas – Falkland Oil & Gas Ltd. (LSE:FOGL) announced that it found gas at its Loligo exploration well, although so far it is unclear whether the gas has any liquid content. The company plans to plug and abandon the well and move on to its Scotia prospect.
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