Cambrian Oil & Gas Positioned for Growth in 2006
Neale Taylor, CEO of Cambrian Oil & Gas Plc, said at the company's annual general meeting: "Since listing on AIM, the Company has achieved considerable progress and is well positioned for significant growth in 2006."
"Water injection has commenced at the Beshkent-Togap field to improve oil recovery and is expected to provide first revenues in early 2006. Encouraging geochemical survey results were obtained over our Tash Kumyr exploration license. 2D seismic data is now being acquired over this license to define a location for drilling in the summer of 2006."
"Additional exploration acreage has been acquired in the Kyrgyz Republic featuring a large anticline expressed at the surface. A stake was acquired in Elko Energy Inc, an unlisted Canadian company, which has a 5,000 sq km offshore exploration license in the Danish North Sea and is pursuing further opportunities."
"We look forward to advancing our position in the Kyrgyz Republic and adding a number of projects in new areas."
- Majority of COIL Shareholders Approve Xtract Scheme (Apr 13)
- Cambrian, Xtract Agree to Plan for Proposed Merger (Feb 12)
- Cambrian Oil & Gas Raises Funds for Acquisition (Oct 23)