Mogul Energy Spuds Stafford Well #2

- Mogul Energy Spuds Stafford Well #2

Monday, September 12, 2011
Mogul Energy International, Inc.

Mogul Energy International, Inc. on Monday announced the spudding of the Stafford Well #2 on the La Ward NE Field area in Jackson County, Texas. The drilling rig moved on location over the past weekend and initiated drilling operations late Sunday afternoon.

This offset well is located 600 feet west of the Stafford Well #1, which was initially completed in March of this year. The Stafford Well #2 will be drilled to a total depth of 7,000 feet so as to further delineate the producing intervals seen in Frio formation. It is expected that the new well will be higher on structure and will have several producing intervals with greater producing rates than the Stafford Well #1.

Stafford Well #2 has 100% participation of all working interest owners that participated in Mogul's initial well in the field. Mogul has a 15% working interest in both wells #1 and #2 and is the operator for both.

President and CEO Tim Turner said, "We are very excited about the prospects for our second well in our drilling program as we strive to carry out our mandate to grow value for our shareholders and partners."

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Bering Spuds Concordia Parish Well

- Bering Spuds Concordia Parish Well

Monday, September 12, 2011
Bering Exploration, Inc.

Bering Exploration, Inc. announced Monday that drilling has begun on the Sharp Heirs A No. 1 well located in Concordia Parish, Louisiana. This well will be drilled to a depth of approximately 7,500 feet to test the prospective zones in the Wilcox formation. This prospect has the potential for multiple wells and potential gross reserves of 500,000 barrels of oil. Bering will have a 10% working interest in this prospect.

"We are excited to begin drilling our initial well on this prospect and expect to reach total depth in a couple of weeks," stated Steven Plumb, VP of Finance of Bering. "If successful, this prospect has the potential to significantly add to our existing production."

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SOCO Spuds Well Offshore Congo-Brazzaville

- SOCO Spuds Well Offshore Congo-Brazzaville

Wednesday, September 07, 2011
Lundin Petroleum AB
by SubseaIQ

Lundin announced that drilling of the exploration well Mindou Marine-1, located offshore in Block Marine XI Congo-Brazzaville, has commenced.

The planned depth is approximately 3400 meters below mean sea level and the well will be drilled by using the semi-submersible drilling rig ENSCO 5003. The drilling operation is expected to take 50 days.

The well is targeting a pre-salt Toca formation carbonate reservoir within a combination structural and stratigraphic trap. This well will fulfill the Phase II drilling commitment on the license and is the first of a two to three well program on blocks Marine XI and XIV.

Lundin Petroleum has an 18.75 percent working interest in the license which is operated by SOCO International.

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ADX Spuds Sidi Dhaher Well in Tunisia

- ADX Spuds Sidi Dhaher Well in Tunisia

Monday, August 29, 2011
ADX Energy Ltd.

ADX announced that the Sidi Dhaher-1 well in the Chorbane license, onshore Tunisia, spudded at 07:00 am GMT, Saturday August 27, 2011.

The current operation is drilling the 16" hole. Sidi Dhaher-1 has a planned total depth of 2,168 meters and is expected to take about 33 days to drill. Additional time will be required in the event of formation testing.

The Sidi Dhaher prospect is located in the 2,428km2 large Chorbane Exploration Permit onshore central Tunisia near the port city of Sfax. It is surrounded by several producing oil fields and extensive oil and gas infrastructure. The Sidi Dhaher well is targeting an Eocene reservoir with estimated prospective resources of 175 billion cubic feet (5 billion m³) of recoverable gas and a Cretaceous reservoir with estimated prospective resources of 44 million barrels (5.9 million tons) of oil. Additional targets exist in the deeper Douleb and Bireno reservoirs that produce oil and gas in the Guebiba-El Hajeb field immediately east of the Chorbane permit

Participant interests in the Sidi Dhaher -1 well will be as follows:

• ADX Energy Ltd 40% (Operator)
• Gulfsands Petroleum Plc 40%
• XState Resources Ltd 10%
• Verus Investments Limited 10%

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Statoil Spuds Well at Aldous Major North Structure

- Statoil Spuds Well at Aldous Major North Structure

Wednesday, August 24, 2011
Lundin Petroleum AB
by SubseaIQ

Lundin announced that drilling of appraisal/exploration well 16/2-9S on the Aldous Major North structure has commenced. The well is located in license PL265 in the Norwegian North Sea.

The Aldous Major North structure is believed to be the north-westerly continuation of the Aldous Major South discovery in PL265 and the Lundin Petroleum operated PL501 Avaldsnes discovery with primary target in sandstone of Upper Jurassic age.

The planned total depth is 2,241 meters below mean sea level. The well will be drilled with the drilling rig Transocean Leader and the duration is expected to be 40 days.

Lundin Petroleum holds 10 percent interest in PL265. Partners are Statoil Petroleum AS (operator) with 40 percent interest, Petoro (30 percent) and Detnorskeoljeselskap ASA (20 percent).

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Rockhopper Spuds Exploration Well 14/10-7

- Rockhopper Spuds Exploration Well 14/10-7

Monday, August 22, 2011
Rockhopper Exploration plc

Rockhopper announced that the 14/10-7 exploration well (the "Well") was spudded at 0600hrs BST on August 22, 2011. The Well is situated on License PL032, which is 100% owned and operated by Rockhopper.

The Well is located approximately 3.3km to the north west of the 14/10-2 discovery well, just outside of the Sea Lion Discovery Area. The Well is designed to investigate reservoir and hydrocarbon presence towards the northern limit of the currently mapped extent of the Sea Lion Main Complex within an area of relatively low amplitudes. Accordingly, the Sea Lion Main Complex will be the only target, with reservoir expected to be thinner than encountered in the 14/10-2 discovery well.

Drilling operations are expected to take approximately 32 days and a further announcement will be made once drilling is completed.

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Lundin Spuds Batu Hitam Well Offshore Malaysia

- Lundin Spuds Batu Hitam Well Offshore Malaysia

Friday, August 19, 2011
Lundin Petroleum AB

Lundin has commenced the drilling of the Batu Hitam prospect located in Block PM308A, offshore the east coast of Peninsular Malaysia.

The Batu Hitam-1 well will test the hydrocarbon potential of a large basement high structure located in the east of the PM308A block. The objectives of the well are Oligocene sandstones in a four-way dip closure and fractured pre-Tertiary basement in the underlying horst block.

The planned total depth is 2,450 meters subsea and the well will be drilled using the jackup drilling rig Offshore Courageous. The well is expected to take approximately 40 days.

Lundin Petroleum operates and holds 35 percent interest in PM308A through its subsidiary Lundin Malaysia BV. Partners in PM308A are JX Nippon Oil & Gas Exploration (Peninsular Malaysia) Limited with 40 percent interest and PETRONAS Carigali Sdn. Bhd. with 25 percent.

Lundin Malaysia BV operates 6 Blocks in Malaysia, namely PM308A, PM308B, PM307, SB303, SB307 and SB308.

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Chevron Subsidiary Spuds Well in Agbami Field

- Chevron Subsidiary Spuds Well in Agbami Field

Thursday, August 11, 2011
Pacific Drilling S.A.

Pacific Drilling announced that its ultra-deepwater drillship the Pacific Bora commenced operations at the Agbami Field in Nigeria on August 10, 2011. The rig is contracted for three years to a wholly owned Chevron subsidiary.

The Pacific Bora is capable of operating in water depths of up to 10,000 feet and drilling wells 37,500 feet deep.

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Kulczyk Oil Spuds Ukraine Olgovskoye Well

- Kulczyk Oil Spuds Ukraine Olgovskoye Well

Thursday, August 04, 2011
Kulczyk Oil Ventures Inc.

Kulczyk Oil Ventures announced that the O-12 well on the Olgovskoye License in Ukraine commenced drilling on August 3, 2011.

O-12 Exploration Well

The O-12 well is located approximately 1.4 kilometers to the northwest of the recently tested O-9 well. The O-12 well will be drilled to a depth of 2,650 meters and is designed to test gas-bearing reservoirs in the Muscovian and Bashkirian sections and to further develop the gas production capability of the Olgovskoye Field. The drilling of the O-12 well is expected to take approximately 40 days.

The well, identified after interpretation of 2D seismic data by the KOV/KUB-Gas technical team, is on trend with the main Olgovskoye producing area and is intended to extend the known boundaries of the Olgovskoye Field. A successful well will increase gas production and lead to additional drilling locations along this trend.

Olgovskoye License

The O-12 well is the fourth new well drilled in the Olgovskoye Field since the Company acquired its interest in KUB-Gas in June 2010. It is part of a larger development program on the KUB-Gas assets through 2011 and 2012 which has involved the drilling of new wells at O-8, O-9 and O-14. The Olgovskoye Field currently produces from 4 wells (O-3, O-4, O-5 and O-7) with each well producing from a separate horizon.

The first of new wells was drilled at the Olgovskoye-8 location and reached a total depth ("TD") of 2,780 meters in early January. Production testing of the O-8 well will begin in August.

The second of the new wells drilled on the Olgovskoye license, the O-9 well, finished drilling at a depth of 2,638 meters in mid-April and was cased to TD as a potential multi-zone gas well. The O-9 was production tested in June and July of this year and the well is expected to begin commercial production at a gross rate of approximately 1.5 million cubic feet per day ("MMcf/d") prior to the end of the third quarter as disclosed in the news release of KOV dated August 1, 2011.

The third of the new wells, Olgovskoye-14 ("O-14"), was drilled to a TD of 2,800 meters and cased to TD after encountering up to eight potential gas-bearing zones in the Middle and Lower Bashkirian sections of the well as disclosed in the news release of KOV dated 18 July 2011. A service rig will be moved to the O-14 location to production test the well after the production testing of the O-8 well is finished.

KUB-Gas LLC ("KUB-Gas") owns a 100% interest in the Olgovskoye license and in four other licenses in the Lugansk area of Ukraine. KOV owns an effective 70% interest in KUB-Gas.

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PetroFrontier Spuds Southern Georgina Basin Well

- PetroFrontier Spuds Southern Georgina Basin Well

Wednesday, August 03, 2011
PetroFrontier Corp.

PetroFrontier has spudded its first well, "Baldwin-2", in the Southern Georgina Basin in the Northern Territory, Australia. PetroFrontier began drilling Baldwin-2 on the morning of Wednesday August 3, 2011, Australian Central Standard Time.

Baldwin-2 is located in the southwestern part of EP 103 in the Southern Georgina Basin. PetroFrontier has a 100% working interest in EP 103 and is the operator. The primary target in Baldwin-2 is the unconventional Basal Arthur Creek "hot" shale, with conventional secondary targets being the Hagen Member and Dolomitic Shoal above the Basal Arthur Creek "hot" shale and the Thorntonia located just below. Management believes that the Arthur Creek "hot" shale is potentially analogous to the Bakken play found in Saskatchewan, Canada and North Dakota, USA. PetroFrontier has re-evaluated existing wellbores on its lands and believes the unconventional Basal Arthur Creek "hot" shale is prospective for hydrocarbons over most of its land holdings. PetroFrontier's capital program for 2011 continues to focus on exploratory drilling opportunities around these existing wellbores.

Baldwin-2 will be air drilled vertically to an estimated depth of 900 meters to test the Thorntonia formation for prospective hydrocarbon shows. The well will then be extensively logged, plugged back and deviated horizontally for approximately 1,000 meters into the Basal Arthur Creek shale. This is expected to take approximately three weeks, at which time PetroFrontier will suspend the well temporarily and move to drill the MacIntyre-2 well, located in the northeastern corner of EP 127. Once it is drilled, MacIntyre-2 will be frac'd and completed using multi-stage open hole techniques. The rig and frac crew will subsequently return to Baldwin-2 to conduct a similar completion program on that well.

According to a report (the "Ryder Scott Resource Report") prepared by Ryder Scott Company Canada (independent oil and natural gas reservoir engineers), dated November 1, 2010, the unrisked, undiscovered, prospective (recoverable) resource, based on a best (P50) scenario, for the unconventional Basal Arthur Creek shale zone in EP 103 and EP 127 may contain approximately 13.2 billion barrels and 2.7 billion barrels (gross) of oil respectively.

The Ryder Scott Resource Report on the resource potential of the Southern Georgina Basin describes the prospective (recoverable) portion of "Undiscovered Resources", as defined by the Canadian Oil and Gas Evaluation Handbook and does not represent an estimate of reserves. The Ryder Scott Resource Report is compliant with National Instrument 51-101 "Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). There is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.

Prospective resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have both an associated chance of discovery and a chance of development. Prospective resources are presented as unrisked prospective oil resources. The term unrisked means that no geological risk (play risk) has been incorporated in the hydrocarbon volume estimates.

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Jupiter Spuds Kazakh Well

- Jupiter Spuds Kazakh Well

Monday, August 01, 2011
Jupiter Energy Ltd.

Jupiter Energy reported that the J-51 Exploration Well, located in the Mangistau basin in south-west Kazakhstan, spudded on July 30, 2011.

The surface location for J-51 is 2 km South West from J-50 and 1.7 km North West from J-52. J-51 is scheduled to take ~60 days to reach target depth of approximately 3200 meters and has been designed to evaluate the prospectivity of the primary Triassic and secondary Jurassic targets within the structure known as Akkar East.

The casing design is configured to allow the well to be used as a future production well.

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OMV Spuds Well in Norwegian Sea

- OMV Spuds Well in Norwegian Sea

Friday, July 29, 2011
Valiant Petroleum plc

Valiant announced that drilling has commenced on its first Norwegian exploration well, 6407/5-2S, on PL471 located in the Norwegian Sea. The well is targeting Chamonix, a potentially large Cretaceous stratigraphic prospect, and the secondary Cortina prospect in the Jurassic. The well is being drilled by semi-submersible rig Borgland Dolphin and is anticipated to take around 60 days to complete.

The partners in license PL471 are OMV Norge (50%, operator), Noreco (30%) and Valiant (20%).

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American Standard Spuds 2nd Well in Permian Basin Program

- American Standard Spuds 2nd Well in Permian Basin Program

Monday, July 25, 2011
American Standard Energy Corp.

American Standard announced 2nd spud for 10 net well drilling program in Andrews County, Texas.

The JW #5 rig is on location, rigging up and is expected to spud within 24 hours on the University 8 #1 location in Andrews County, Texas.

The Company intends to drill the University Andrews 8 #1 well to the Strawn and completed in the Strawn, Wolfcamp, Spraberry and Lower Clearfork formations. The Company will own 100% working interests in all 10 wells.

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KOV Spuds Well in Syria

- KOV Spuds Well in Syria

Friday, July 22, 2011
Kulczyk Oil Ventures Inc.

Kulczyk Oil announced the spud of Itheria-1, the first exploration well being drilled by KOV and its joint venture partners on Block 9, Syria.

The planned total depth of the well is 3,256 meters and it is expected to take 80 days to drill, on a dry hole basis. The well will test a large structure with four-way dip closure defined by 3D seismic in an area approximately 200 kilometers due east of the City of Latakia. Primary targets are sandstones of Ordivician age.

Itheria-1 is being operated by Loon Latakia Limited ("Loon Latakia"), an indirect wholly-owned subsidiary of Kulczyk Oil. Loon Latakia holds a participating interest of 50% in the Block 9 production sharing contract which provides the right to explore for and, upon fulfillment of certain conditions, to produce oil and gas from Block 9, a 10,032 square kilometer (2.48 million acre) area in northwest Syria. Loon Latakia has an agreement to assign a 5% ownership interest to a third party which is subject to the approval of Syrian authorities, and which, if approved, would leave Loon Latakia with a remaining effective interest of 45% in Block 9.

Pursuant to a farmout agreement announced by KOV on 6 September 2010, MENA Hydrocarbons (Syria) Ltd., an indirect wholly-owned subsidiary of MENA Hydrocarbons Inc. ("MENA") will fund 60% of the costs for the drilling of Itheria-1. Accordingly, the costs of drilling Itheria-1 will be shared as follows: MENA: 60%, Triton Petroleum Pte Ltd.: 20% and Kulczyk Oil: 20%.

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Lundin Spuds Avaldsnes Appraisal Well

- Lundin Spuds Avaldsnes Appraisal Well

Wednesday, July 20, 2011
Lundin Petroleum AB

Lundin announced that drilling of the appraisal well 16/2-7 on the Avaldsnes discovery located in the North Sea sector of the Norwegian Continental Shelf (NCS), has commenced.

The planned depth is approximately 2,275 meters below mean sea level and the well will be drilled using the semisubmersible drilling rig Bredford Dolphin. The drilling operation is expected to take approximately 55 days.

The objective of the well is to appraise the Avaldsnes discovery following the 16/2-6 discovery well in 2010 and the recent successful appraisal well 16/3-4 with side-track 16/3-4A.

Lundin Petroleum is the operator of PL501 with 40 percent interest. Partners are Statoil Petroleum AS with 40 percent and Maersk Oil Norway with 20 percent interest.

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Statoil Spuds Appraisal Offshore Norway

- Statoil Spuds Appraisal Offshore Norway

Tuesday, July 19, 2011
Lundin Petroleum AB

Lundin announced that drilling of appraisal/exploration well 16/2-8 on the Aldous Major South structure has commenced. The well is located in license PL265 in the Norwegian North Sea.

The Aldous Major South structure is believed to be the western continuation of the Lundin Petroleum operated PL501 Avaldsnes discovery into PL265, with primary target in sandstone of Upper and Middle Jurassic age. Secondary targets are the Cretaceous Shetland Group chalk and the Triassic Skagerrak Formation.

The planned total depth is 2,085 meters below mean sea level. The well will be drilled with the drilling rig Transocean Leader and the duration is expected to be 45 days.

Lundin Petroleum holds 10 percent interest in PL265. Partners are Statoil Petroleum AS (operator) with 40 percent interest, Petoro (30 percent) and Det norske oljeselskap ASA (20 percent).

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Rockhopper Spuds Sea Lion Appraisal Well

- Rockhopper Spuds Sea Lion Appraisal Well

Monday, July 18, 2011
Rockhopper Exploration

Rockhopper Exploration plc, the North Falkland Basin oil and gas exploration company, announced that the 14/10-6 appraisal well was spudded at 2125 hrs BST on 15 July 2011. The Well is situated on Licence PL032, which is 100% owned and operated by Rockhopper, and is the third appraisal well to be drilled on the Sea Lion feature since Rockhopper’s oil discovery in May 2010.

The Well is located some 4.1km to the west of the 14/10-2 discovery well, on the western side of the structural low at top reservoir, and 2.3km to the south-west and 14m updip from the 14/10-4 appraisal well. The Well is designed to investigate reservoir and hydrocarbon presence outside what the Company considers the minimum case area. Both Sea Lion Main and Lower fan intervals are targets, with all the Sea Lion Main fan expected to be above the Oil-Water Contact established by the 14/10-4 appraisal well, and with reservoir expected to be thinner than encountered in previous wells on the Sea Lion feature.

Drilling operations are expected to take approximately 38 days and a further announcement will be made once drilling is completed.

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Alange Spuds Well in Llanos Basin

- Alange Spuds Well in Llanos Basin

Friday, July 15, 2011
Alange Energy Corp.

Alange announced the spudding of the Petirojo-1 exploration well, located in Polygon B of the Cubiro Block in the Llanos Basin. Alange Energy has a 70% working interest in Polygon B of Cubiro and is operator of this block.

The spudding of the well on July 14, 2011 follows the interpretation of a 49 km2 3D seismic survey shot in 2010. This interpretation revealed a prospect on trend with the Palmarito field, 5 km to the north, which had an OOIP of 19 MMBbls of 37o API. The Petirojo prospect is of the same nature as the typical exploration play in the Llanos Basin, an upthrown block of an antithetic fault. The well is aimed at the Carbonera Formation, specifically the C7, C5 and C3 intervals, with an anticipated depth of 6,808 feet (measured depth).

Luciano Biondi, the Company's Chief Executive Officer, commented, "I am pleased to start our 2011 drilling program, which is aimed at drilling 4 wells in Cubiro, a block we are very familiar with, and we expect that this exploration drilling will add incremental production to our portfolio. We look forward to sharing updates on Petirojo in the near future."

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Cooper Spuds Wheatons-1 Well

- Cooper Spuds Wheatons-1 Well

Friday, July 08, 2011
Cooper Energy Ltd.

Cooper reported that the Wheatons-1 exploration well in PEL92 spudded at 1100 hours Thursday, July 7, 2011. The surface hole has been drilled to 678 meters and the current operation is making preparations to run the 9 5/8" casing.

The well's primary objective is the Namur Sandstone with secondary objectives in the Birkhead, Hutton and Poolowanna Formations. Wheatons-1 is located 10 km northeast of the Parsons oil field and 6.4 km northwest of the Callawonga oil field. The well will be drilled to a total depth of about 1,860 meters and is expected to take about 10 days to drill and evaluate.

The primary objective Namur Sandstone, which is the oil reservoir in the nearby oil fields, is estimated to contain 0.551 million barrels of Prospective Resources (P50). The deeper formations would be expected to add to this estimate if they result in discovery.

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Nautical Spuds Kraken Appraisal Well

- Nautical Spuds Kraken Appraisal Well

Wednesday, July 06, 2011
Nautical Petroleum plc

Nautical announced that the drilling of the 9/02b-5 well has commenced on the Kraken discovery located on North Sea Block 9/2b.

The appraisal well spudded at 13-30 hrs this afternoon. The well is being drilled approximately one kilometer to the south west of the 9/02-1a discovery well, to further appraise the core area of the field and establish a commercial flow rate.

Initially a pilot well will be drilled, cored and logged. This will be followed by a horizontal sidetrack of up to 600 meters. A Logging Whilst Drilling (LWD) suite will be run over the horizontal section to provide further understanding of the reservoir quality and distribution. The horizontal sidetrack will be completed with a gravel pack and tested using an Electric Submersible Pump (ESP). Upon completion of the drilling program the well will be suspended to be used as a future development well.

The drilling is being performed by the semi-submersible rig the Wilhunter and is expected to take approximately 60 days in total, subject to weather and any operational downtime. The initial pilot well is expected to take 20 days.

Nautical has a 50% interest in North Sea Block 9/2b and is the operator. The other participants are Celtic Oil Limited, a fully owned subsidiary of First Oil Expro Limited (30%) and Canamens Energy North Sea Limited (20%).

Commenting on this announcement Steve Jenkins, Chief Executive Officer of Nautical said, "We are delighted to commence this key activity, which is aimed at confirming Kraken's commerciality. Assuming success, it is our intention to submit a preliminary Field Development Plan (FDP) for the first phase of the development to the Government by September 2011, with a target for full FDP approval by June 2012. Success will represent a significant step towards the commercialization of Kraken."

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