EXPLORER

Starting off from such a low base in 2020 provides a fresh start for investors as Elixir Energy completes drilling at its second location within its massive acreage in Mongolia’s Gobi Desert.

Junior oil and gas explorer and developer Real Energy Corporation (ASX: RLE) has struck a crucial deal in its quest to attain producer status, having been awarded a prime chunk of Surat Basin coal seam gas (CSG) acreage.

The countdown is on for the spudding of 88 Energy’s (ASX:88E | AIM:88E) fully funded appraisal well on the Alaskan North Slope. At the Company’s Project Icewine, the Charlie-1 appraisal well is on track for February 2020 drilling and it’s set to be one of the biggest oil wells in the world...

The deadline for petroleum heavyweights Total and Santos to decide whether to buy into Melbana Energy’s (ASX:MAY) WA-488-P permit offshore northwest Australia is just days away.

The very tightly held IPB Resources (ASX:IPB) is looking to secure debt financing or facilitate a farm-in with these Middle Eastern investors and, by all accounts, these talks are progressing well.

It’s all systems go for Elixir Energy (ASX:EXR) as it spuds its first well at its Nomgon IX coalbed methane (CBM) production sharing contract (PSC) in the South Gobi Basin in Southern Mongolia.

For investors looking for a potential investment winner in the oil and gas sector, companies operating in a low interest rate, low cost, and low risk environment will have the upper hand. One ASX junior seems to fit that bill.

One $8M capped oil and gas producer and explorer is just a few days away from spudding a well offering near term production potential in a highly prolific onshore hydrocarbon region of Indonesia. The low cost Amanah Timur-1 well is scheduled to spud around the 12th December on an underexplored block that is on trend with major oil fields in the region.

Amidst a cyclical downturn in the oil market, one dual listed oil explorer 88 Energy (ASX:88E; AIM:88E) has managed to stand out amongst the crowd, and steadily grow its valuation over the past year – defying the odds and expectations for a junior.

Fresh from selling its Galoc oil field for US$108MN earlier this year, Otto Energy (ASX:OEL) is already assembling its arsenal for a shot at its next big money spinner.

Investing in oil exploration companies is inherently speculative in nature – but the fact that oil prices are currently hovering below $50 per barrel has sent some oilers the world over screaming for mercy.

Drilling is now imminent on a billion barrel plus shale prize on the North Slope of Alaska. The rig contract has been executed – and spud date is now just a few weeks away for 88E Energy (AIM:88E; ASX:88E).

It’s time for Rey Resources (ASX:REY) to hit the spotlight, as this little oil explorer shares 25% of the next two wells.

Lately we’ve noticed an interesting trend in transactional activity in Africa. Energy giant Woodside Petroleum has been taking up acreage positions around Africa which closely corresponds to Australian junior Pura Vida Energy (ASX: PVD).

The papers have been signed. The drill rig is on its way. The target: large quantities of gas in the Cooper Basin – Australia’s prime oil and gas producing region.

It’s show time. TANGIERS Petroleum Limited (ASX:TPT, AIM:TPET) has spudded its TAO-1 exploration oil well off the shores of Morocco. TANGIERS are just days away from reaching their first target and getting a first indication of how much oil is lurking below.

The mystery partner has been revealed. In March 2014 Swala Energy (ASX:SWE) revealed they had agreed on terms with a farm in partner for their Block 12B in Kenya, pending government approval.

Crusty old Texas oil barons are now welcoming fresh faced, upstart millenials to the game – a new breed of aspiring wildcatters, landmen, engineers, investors, entrepreneurs and future oil barons and are setting up shop across the US shale hot spots like Texas and Colorado.