Exploration - 12 July 2016

Transerv Energy Ltd has formed a strategic alliance with Norwest Energy Ltd to facilitate the farmout and drilling of the 160 million bbl Xanadu Prospect.

The new concession map reflects the four new licensing options awarded to the company during the Phase 2 Atlantic Ireland licensing round.

Carnarvon Petroleum have announced that drilling has commenced on the Roc-2 well approximately 160 km north-east of Port Hedland in the Bedout sub-basin of the greater Roebuck basin.

According to the Climate Change Committee, shale gas exploitation is not necessarily incompatible with meeting the UK's fifth carbon budget.