Aviva Petroleum Company News

The boards of Xtract Energy PLC and Cambrian Oil & Gas PLC (COIL) have agreed to the terms of a recommended proposal for COIL shareholders (other than Xtract) to acquire shares in Xtract for shares in COIL.

Aviva Petroleum reports that production tests from the INCHIYACO #1 exploratory well in the Putumayo Basin of Southwest Colombia recovered fresh water and no oil.