Galp Energia (GLPEY) Discovers Oil in Namibia's Orange Basin [Yahoo! Finance]
Archrock, Inc. (AROC)
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Source: Yahoo! Finance
The Mopane 2X well has reached its designated depth in the petroleum exploration license (PEL) 83. The Mopane 2X well, drilled in the Orange Basin, offshore Namibia has successfully discovered a substantial column with light oil within reservoirs of excellent quality. The drilling operation included the AVO-3 exploration target, the AVO-1 appraisal target and another deeper target, which were thoroughly cored and logged. In particular, the AVO-1 appraisal target has confirmed the same pressure regime that was found in the Mopane 1X discovery well, located approximately 8 kilometers to the east. The discovery confirms the lateral extension of the well. Following the completion of drilling activities, the rig will return to the location of Mopane 1X well to conduct a drill stem test (DST) until early April. The acquired data will be analyzed by Galp Energia in the following week to evaluate the commercial viability of the discoveries. Mopane 1X and Mopane 2X are included in GLPEY'
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AROC
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- 2/20/24 - In-Line
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- 4/17/24 - Form DEFA14A
- 4/1/24 - Form 4
- 3/12/24 - Form ARS
- AROC's page on the SEC website