Oil well

The Gas Shortage That Could Kill Space Exploration

Retrieved on: 
Thursday, July 8, 2021

That's why we've had a federal reserve for this gas and price controls since the early days of the Cold War.

Key Points: 
  • That's why we've had a federal reserve for this gas and price controls since the early days of the Cold War.
  • It may also be used to help treat pulmonary disease, which has come into sharp focus as a result of COVID-19.
  • This gas is behind our race to dominate quantum computing and to develop rocket technology, too.
  • It's also the first asset to advance into the exploration phase and drilling is expected by the end of this year already.

Valaris Announces Jackup Contract Award

Retrieved on: 
Wednesday, July 7, 2021

Valaris Limited (NYSE: VAL) announced today that it has been awarded a 183-day extension to its contract with Aramco for VALARIS JU-140, a standard-duty modern jackup.

Key Points: 
  • Valaris Limited (NYSE: VAL) announced today that it has been awarded a 183-day extension to its contract with Aramco for VALARIS JU-140, a standard-duty modern jackup.
  • The extension is in direct continuation of the existing contract and, as a result, the VALARIS JU-140 is now expected to be under contract through the end of 2021.
  • Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies.
  • Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin.

Kodiak Reports Increase in Strike Length of Gate Zone from 125 m to 800 m, Intersects 242 m of 0.52% CuEq in 575 m Step-Out

Retrieved on: 
Wednesday, July 7, 2021

Drilling in 2021 will continue to focus on expanding the copper-gold mineralization at the Gate Zone through step-out drilling along the kilometre-long copper-in-soil anomaly.

Key Points: 
  • Drilling in 2021 will continue to focus on expanding the copper-gold mineralization at the Gate Zone through step-out drilling along the kilometre-long copper-in-soil anomaly.
  • Hole MPD-21-009 was drilled from a third pad located 575 metres south of the second set up (Table 2).
  • The Company recently received an amendment to its current area-based exploration permit authorizing expanded exploration activity and multiple new drill sites to 2026.
  • Work will now focus on infill drilling at Gate and additional high priority targets across the MPD Property.

Cerrado Gold Provides Update of Its near Mine Exploration Program and the New Antena Discovery at Its Minera Don Nicolas Project in Argentina

Retrieved on: 
Wednesday, July 7, 2021

Mark Brennan, CEO & Co-Chairman commented, "We are very pleased that the initial drill results at Minera Don Nicolas continue to support our view that significant near surface and near mine targets remain to be defined.

Key Points: 
  • Mark Brennan, CEO & Co-Chairman commented, "We are very pleased that the initial drill results at Minera Don Nicolas continue to support our view that significant near surface and near mine targets remain to be defined.
  • The near mine exploration program at Minera Don Nicolas is comprised of 12,000 metres of diamond drilling.
  • The program is focusing mainly on step-out and downdip drilling to target extensions of gold mineralization and infill drilling to upgrade resources.
  • Esperanza is located west of Sulfuro, the northern segment of the 1km continuous strike vein was shallowly mined prior to Cerrado acquisition of Minera Don Nicolas.

CAVU Mobilizes Drilling Team to Hopper Copper-Gold Project in Yukon

Retrieved on: 
Tuesday, July 6, 2021

These collars are planned along or very near existing roads and are meant for infill and step-out drilling.

Key Points: 
  • These collars are planned along or very near existing roads and are meant for infill and step-out drilling.
  • Figure 2 shows an AdTau EM anomaly that has not been tested by modern drilling and all past drilling has been on the periphery of the anomaly.
  • EM Anomalies can be associated to conductive massive sulphides such as those that were intersected in a drilling campaign in 1979.
  • CAVU has the option to earn a 70% interest in the Hopper Project from Strategic Metals as per the Company news release dated April 6, 2021.

Principal Solar Announces Acquisition of Second Danbury Dome Project Lease and Positive Initial Production Results

Retrieved on: 
Tuesday, July 6, 2021

The lease is part of the Danbury Dome and is the Companys second acquisition in its oil well recycling program project with partner Lazy Jacks Petroleum (Lazy Jacks).

Key Points: 
  • The lease is part of the Danbury Dome and is the Companys second acquisition in its oil well recycling program project with partner Lazy Jacks Petroleum (Lazy Jacks).
  • Additional details, including normalized production rates and the wells anticipated financial performance, are expected to be made available once the initial evaluation periods are complete.
  • Principal Solar is finalizing its capital plan for the next 18 months of the Lazy Jacks development partnership program.
  • Principal expects to complete 25 wells by the end of 2021 and an additional 75 by the end of 2022.

Trillion Energy Starts the SASB Gas Development Project

Retrieved on: 
Tuesday, July 6, 2021

Preparation work for the drilling of the first two SASB development gas wells will commence immediately.

Key Points: 
  • Preparation work for the drilling of the first two SASB development gas wells will commence immediately.
  • The Saturn Project will target the two discovered unproduced gas pools Alapli and Bayhanli, both of which were drilled, mapped, and drill stem tested +7 MMcf/d gas from similar 15 metres of perforated gas reservoirs.
  • Both discover wells had an additional 4 to 5 gas reservoirs that were not tested adding further gas potential.
  • Trillion Energy is an oil and gas producing company with multiple assets throughout Turkey and Bulgaria.

Cassiar Gold Corp. Brings Second Drill Rig Online at South Cassiar, Continues Drilling at Taurus Deposit

Retrieved on: 
Wednesday, June 30, 2021

Confirmation and infill drilling will be done to confirm historically reported drill results to further upgrade the drill spacing of the historical resource areas.

Key Points: 
  • Confirmation and infill drilling will be done to confirm historically reported drill results to further upgrade the drill spacing of the historical resource areas.
  • "We are very excited to start drilling at South Cassiar," said Marco Roque, CEO of Cassiar Gold Corp. "Following our successful 2020 Taurus campaign at North Cassiar, where we started drilling again earlier this month, this will be our first opportunity to test the high-grade targets at South Cassiar."
  • Distribution of planned 2021 confirmation and extension drilling near Bain and Cusac mines, South Cassiar.
  • The Company's key asset, the Cassiar Gold Project, is a large, highly prospective, road-accessible gold property that encompasses the entire Cassiar gold mining district.

VR commences Phase II drilling at its Reveille silver-copper property in Nevada

Retrieved on: 
Tuesday, June 29, 2021

In follow-up to results from the completion of 5 drill holes in March and in May for Phase I of the Reveille drill program, Phase II drilling is now underway.

Key Points: 
  • In follow-up to results from the completion of 5 drill holes in March and in May for Phase I of the Reveille drill program, Phase II drilling is now underway.
  • This target has never been explored or drilled during the 140 years of historic prospecting in the Reveille range to the east.
  • There are no underlying annual lease payments on the property, nor are there any joint venture or carried interests on the property.
  • VR owns its properties outright, and evaluates new opportunities on an ongoing basis, whether by staking or acquisition.

New Discovery hole at Rivard confirms High Grade Visible Gold with 129.79 g/t over 1.30 meters

Retrieved on: 
Tuesday, June 29, 2021

Historically, the Rivard Property contains both visible gold in narrow high-grade veins as well as in broader zones of lower grade gold mineralization.

Key Points: 
  • Historically, the Rivard Property contains both visible gold in narrow high-grade veins as well as in broader zones of lower grade gold mineralization.
  • The visible gold seen in RV21-29 (Figure 1) is the first bonanza intersection received from the drilling to date.
  • "Drilling at the Rivard Property has continued to present us with some spectacular visible gold.
  • Visible gold was intersected at 20.42m downhole and several specks of visible gold were seen in the section from 79.70m to 80.0m downhole.