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Proactive Oil highlights: Touchstone Exploration, Eco Atlantic, Mosman Oil & Gas…

Touchstone Exploration Inc (LON:TXP; TSE:TXP) achieved a higher-than-expected production rate from its Coho-1 well, onshore Trinidad.

Output peaked at 19.8mln cubic feet (MMCFD) of sweet natural gas, the equivalent of 3,300 barrels of oil per day, and averaged 17.5MMCFD, or 2,917 of crude equivalent.

Eco Atlantic Oil & Gas Plc (LON:ECO, CVE:EOG) chief executive Gil Holzman has told investors that this is still an exciting time for the explorer, as it looks ahead to the next round of drilling offshore Guyana.

The companys management have also spent around £250,000 increasing their stakes in the explorer following a recent share price slide.

Mosman Oil & Gas Ltd (LON:MSMN) told investors that the Northern Territory Government has approved a 12 month suspension to Year 3 commitments for the Amadeus basin project in Australia.

The group has also signed preliminary agreements with undisclosed parties for a potential joint venture at the project.

Coro Energy PLC (LON:CORO) told investors that the Tambak-1 well has confirmed the Mako gas field as a “very valuable gas resource”.

Falcon Oil & Gas Ltd (LON:FOG, CVE:FO) completed drilling the vertical section of the Kyalla 117 N2-1 appraisal well, in Australias Beetaloo basin, while its interim financial statement confirmed US$13mln of cash at the end of September.

SDX Energy Plc (LON:SDX) highlighted a better than expected initial performance from the South Disouq field in Egypt.

The company, in its third quarter update, said that following first gas on 7 November and production has so far risen from 25mln cubic feet per day to 35mln cubic feet per day over the first two weeks of operation.

Sound Energy PLC (LON:SOU) received approval for its environmental impact assessment (EIA) at its Sidi Moktar permits in Morocco.

Cadogan Petroleum Plc (LON:CAD) expects production to resume soon at the Blazhiv field in Ukraine, after the awarding of 20-year production license was delayed.

The group has also agreed to sell its wholly owned subsidiary AstroInvest Ukraine LLC for US$1.2mln.

Columbus Energy Resources PLC (LON:CERP) has appointed Tony Hawkins as its chief executive with immediate effect.

The company is also continuing talks about extending the incremental production service contract (IPSC) for Trinidads Goudron oilfield.

Hurricane Energy PLC (LON:HUR) began drill stem testing on the Warwick West well, located in the UKs West of Shetland continental shelf.

Gulf Keystone Petroleum Ltd (LONRead More – Source