Coastal Energy Company (T.CEN) hit a new 52-week high of $11.65 Wednesday. Coastal Energy Company announces the successful results of the Bua Ban North A-06 well and provides an operations update.
The Bua Ban North A-06 well was drilled to a total depth of 5,950 feet TVD. The well encountered 63 feet of net pay in the Miocene with average porosity of 28%. The A-06 well was drilled into the western bounding fault block originally discovered by the A-01 well and encountered the main Miocene objective 50 feet downdip from the original discovery well. The reservoir quality seen in the A-06 is superior to that in the A-01 well, which encountered 32 feet of net pay with 26% porosity.
Alacer Gold Corp. (T.ASR) hit a new 52-week high of $11.86 Wednesday. No news announcements today
Minefinders Corporation Ltd. (T.MFL) hit a new 52-week high of $18.68 Wednesday. No news announcements today
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