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Company News
Amerigo Vespucci oil and gas flows boost prospects for Fremont Petroleum at Pathfinder
Oil and gas junior Fremont Petroleum (ASX: FPL) has announced encouraging gas flows from its Amerigo Vespucci #1 well in Colorado, US, claiming the initial production rate has “exceeded expectations”. The company today reported the well, located within its 100% owned Pathfinder field, recorded a 24-hour initial production test rate of 82 barrels of oil […]
Fremont Petroleum reports strong oil and gas production volume from Colorado well
Fremont Petroleum (ASX: FPL) expects the J.W. Powell well in Colorado will bolster its revenue after it encountered strong initial oil and gas flows. The company, which has offices in Sydney and Colorado, said the J.W. Powell 23-25 well had produced solid oil and gas volumes from the Niobrara Formation, commonly referred to as the […]
Fremont Petroleum hits crude oil in Colorado well
Oil and gas junior Fremont Petroleum (ASX: FPL) has hit crude oil while drilling its Amerigo Vespucci #1 well in Colorado, United States. The company today announced it has ‘tripped out’ (removed) all 199 joints of drill string that were used to drill the well to its total depth of 5,977 feet (1,822m) and found […]
Fremont well testing unlocks ‘huge value’ at Pathfinder oil and gas field
Australian-based Fremont Petroleum Corporation (ASX: FPL) has “confirmed conclusively” that the Niobrara Formation shale within its wholly-owned Pathfinder field is highly prospective for oil and gas, after an initial production rate of 220 barrels of oil equivalent per day was achieved from testing of the JW Powell vertical well. Located near to the prolific Wattenberg […]
Fremont Petroleum grows its oil position in Colorado
Oil and gas producer and developer Fremont Petroleum (ASX: FPL) has increased its acreage position at its wholly-owned Pathfinder oil property in Colorado’s Denver-Julesburg Basin. The company today announced it has added 2702 net acres (10.9sq km) to the Pathfinder project, bringing the total area to about 19,500 net acres (78.9sq km). The terms of […]
Pathfinder flow rates exceed expectations for Fremont Petroleum
Fremont Petroleum (ASX: FPL) will scale up production from the Pathfinder gas field after reporting a higher than anticipated flow rate of 1.5 million cubic feet a day from the Marco Polo #1 well. It is the second well this month to have recorded impressive flow rates at the company’s 100%-owned, 16,798 acre field in Colorado, […]
Fremont Petroleum achieves 40% rise in oil production, now cash flow positive
Fremont Petroleum (ASX: FPL) achieved a 40% production increase across its oil operations for April, with the rise tipping the company into cash flow positive territory and triggering its share price to rocket. As the oil price pushes past US$71 per barrel, Fremont picked the perfect timing to announce a surge in production, while lowering […]
Fremont Petroleum Corporation stock spikes on oil discovery
Fremont Petroleum Corporation’s (ASX: FPL) shares surged more than 50% in early morning trade after the company announced it had intersected crude oil in the Pierre formation of its Bird #13-18 (Bird) well, part of its wholly-owned Pathfinder project in Colorado, US. Crude oil is flowing and the company has diverted it into portable tanks. […]