OIL GAS

Today our 2020 Energy Pick of the Year, Invictus Energy Ltd (ASX:IVZ), signed a non-binding, Farm-in Option Agreement with Cluff Energy Africa in anticipation of its maiden 2-well drilling program targeting an 'elephant scale' prospect in Zimbabwe.

Today 88 Energy (ASX: 88E) announced the interpretation of its ‘logging while drilling’ data. The progress results to date indicate multiple potentially hydrocarbon bearing zones have been encountered whilst drilling.

Momentum is clearly building in 88 Energy Ltd (ASX: 88E | AIM: 88E) and that looks set to continue, given the company has a highly active 6-8 weeks ahead of it.

Elixir Energy's (ASX: EXR) EXR's Nomgon-2 appraisal well has reached total depth & indicates an exceptionally thick coal seam that stretches 1km between the two wells.

88 Energy Ltd (AIM:88E | ASX:88E) is continuing its high reward strategy towards making a multi billion barrel oil discovery in Alaska with an expanded North Slope portfolio of assets.

The Next Oil Rush’s top energy pick, Elixir Energy (ASX: EXR) has spud the Nomgon-2 well — a follow up to its gas discovery at its 7 million acre PSC on the Mongolia-China border.

Fresh off the back of a high demand capital raise, Elixir Energy (ASX: EXR) is set to put those funds to work in the form of a drilling and seismic campaign to kick off in the coming days. Elixir is exploring for coalbed methane (CBM) — or coal seam gas (CSG) as it is known in Australia — at its 100% owned CBM Production Sharing Contract (PSC), the Nomgon IX CBM PSC.