Giles Gwinnett is a qualified journalist and has been a reporter for a number of regional newspapers and for a press agency. He was formerly a news analyst on the German team at Thomson Financial, now Thomson Reuters. He has a bachelor’s degree in English Literature and German and a master's in Film Studies.
Bigoray's development could mark an absolute game- changer for the firm in terms of scale.
Green Dragon has a 47% stake in the block, while partner China National Petroleum Corporation (CNPC) has 53%.
Operationally, plans are advanced with drilling locations finalised and well design on track.
Permex will operate with a 100% working interest and a 78.65% net revenue interest..
Spot prices have risen 25% to US$24 per kg since the start of the year and continue to head north, the group said.
The well is currently shut in to observe pressure build up prior to placing it back on production..
Its second quarter working interest (WI) production was 31.4 million barrels of oil equivalent per day (MBoe/d)
The firm today announced the launch of an early warrant exercise program.
A look at some of the analyst comment on North America listed stocks on Monday
A look at some analyst views from around the City on Friday
A look at some analyst takes on a variety of stocks on Thursday
It is doubtful of a pick-up next year though suggests Cobham as a potential recovery play if new management’s plan is appreciated by investors.