The big players on the ASX Listed below are the major oil and gas stocks on the ASX.
Pura Vida Energy (ASX: PVD) Africa-focused oil explorer Pura Vida Energy has a portfolio of assets in offshore Morocco, Gabon and Madagascar.
The discovery has since been appraised with seven successful wells over two drilling campaigns and development planning is underway, with a final investment decision expected in early 2019.Doriemus (ASX: DOR) British oil and gas company Doriemus holds minority interests ranging between 10 and 20 in three onshore UK conventional oilfields.In late April, the company reported it had spudded the third well in the program.The objective of this well is to assess the gas and condensate discovered at the top of the Caley interval in the Phoenix South structure, which is estimated to contain a gross mean recoverable prospective resource of 489Bcf of gas and 57MMbbls of associated condensate.In 2017, the joint venture commenced initial planning and preparations for a magneto-telluric survey to be acquired in the permit.It also intended to carry out an environmental impact study, fund a third party independent resource certification and begin drilling preparations for the first exploration well.The licence contains the Al Meashar oil discovery made by Oil Search in 2010 as well as nine prospects and leads identified through seismic mapping with target sizes ranging from 2MMbbls slot machine rules tokens to 900MMbbls oil gross.It also has a 50 stake in four offshore production sharing contracts (PSC) in Western Sahara in North Africa, as well as a 10 stake in Bahari Resources which owns 40 of a PSC in the Republic of Comoros, off the coast of Tanzania and.A second exploration well, Cerro de Chaga-1, was spudded in mid-November.It also has a 50 stake in the Parta oil and gas exploration block, onshore Romania.According to the company, the uplift was the result of optimisation work completed in the last six months, particularly de-bottlenecking the flow line from the Bunian-3 well.
Liquefied Natural Gas (ASX: LNG) Perth-based LNG developer Liquefied Natural Gas is involved in bringing mid-scale projects to the international energy market.
In March, the company announced it had received commitments to raise.1 million through a share placement, with funds aimed at upgrading its Perth Basin prospects, especially Ocean Hill.
The companys main focus is its Tanjung Enim PSC, where an initial plan of development is currently being prepared.
Further work being undertaken at the plant is expected to ramp up production to 20TJ per day within the next 12 months.