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UJO RBD BPC 88E COPL BLVN AEX ECO ADME JOG EOG ADV ANGS RMP SAVE GBP

Union Jack Oil (UJO) announced a West Newton technical update.   They’re now talking about a B-2 well, which is provisionally planned to be drilled in H2 2021.   No word yet on Wressle, in respect of which it was previously stated that the Ashover Grit reservoir was to be flowed prior to the end of January 2021.   Perhaps we’ll see something on that tomorrow. Reabold Resources (RBD) , the effective majority owner of West Newton, took advantage of the “provisionally planned” B-2 well to raise a further £7.5 million via a placing at 0.55p.   What’s important here is the outcome of the flow testing of the B-1Z well, which now is going to be tested ahead of the A-2 well (that’s the second time now that the A-2 testing has been delayed), commencing in Q1 2021. Bahamas Petroleum Company (BPC) announced that Lombard Odier’s holding has fallen below the lowest applicable notification threshold.   It appears they wanted to take no risk on the outcome of the drill, which is expected imminently

PANR PTHRF I3E ITE SENX SEN SNUYF MATD PRTDF HE1 HLOGF 88E EEENF PRD SDX SDXEF HUR HRCXF ZPHR VNHLF BOIL IOG CHAR OIGLF ADV LBE DELT AEX AEXFF TRP RTWRF PVR PVDRF LOGP PPC PPCGF BOIL EME

Pantheon Resources (AIM PANR OTC PTHRF ) announced a management resource upgrade on its Shelf Margin Deltaic sequence encountered in the the Talitha #A well.   It estimates that the SMD-B zone has the potential to contain 2.6 billion barrels of oil in place and a P50 contingent resource (recoverable) of 404 million barrels of oil.   Analysis is not yet complete on the SMD-A and SMD-C zones, although it is anticipated that the SMD-A will experience a reduction, whereas the SMD-C is broadly in line with previous analysis.   Crucially, Pantheon confirmed that discussions have commenced with a number of groups for the purpose of seeking the farmout of a working interest percentage in one or more of its Alaskan projects, the aim being to complete a farmout or funding in the fourth quarter to provide sufficient capital for future drilling and testing.   PANR 's objective for winter 2021 / 22 is for an active work programme to test all zones of the Talitha #A well and to drill at least

HUR HRCXF I3E ITE 88E EEENF ZPHR VNHLF AEX AEXFF SCIR ADV PPC PPCGF CHAR OIGLF LBE DELT IOG PRD TRP RTWRF PVR PVDRF LOGP BOIL

Another exciting week for Hurricane Energy (AIM HUR OTC HRCXF ).   On Monday, the High Court refused to sanction the restructuring plan (the key court documents, which contain some fascinating information, are in the private blog) and the defeated Hurricane board continued to witter on about liquidation and risk of no value being returned to shareholders, further threatening that if the non-executive directors were removed at the meeting on 5 July, it was likely the NOMAD would resign with immediate effect and trading in the shares would be suspended.   By Wednesday, though, the HUR directors had started to accept the new reality and consented to board changes with immediate effect.   The share price had a strong week, more than doubling to 3.52p.   The restructuring plan valued the shares at less than 0.1p. i3 Energy ’s (AIM I3E TSX ITE ) board had better luck last week in the High Court, which approved the cancellation of the company’s share premium account, allowing payment of