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Oil Man Jim Company Oil & Gas Podcast & Mid-Week Blog, 4th March 2020
March 4, 2020
88 Energy (88E) announced that Charlie-1 appraisal well drilling has commenced.  To quote, they are "optimistic that success is just around the corner."  This is a credible drill since Premier Oil (PMO) has farmed in, and a big one targeting 1.6 billion barrels of oil and 480 million barrels net to 88E.   SDX Energy (SDX) announced that their play-opening BMK-1 well in Morocco encountered commercial quantities of gas in both target horizons.  The rig now moves to drill the potentially play-opening LMS-2 well.  Predator Oil & Gas (PRD) also announced the approval of the environmental impact assessment for their upcoming Morocco well.  Solo Oil (SOLO) announced a transaction update and restoration of trading.  Nostra Terra Oil & Gas (NTOG) and Zenith Energy (ZEN) issued news.  The NTOG board room drama has been brought to a close with Andy Morrison becoming Chairman and Ewen Ainsworth stepping down. On a brighter note, Tower Resources (TRP) announced a Cameroon farm-out update.  Half the well costs are now covered and other half is under discussion, with the company confident.