-- Premier wildcat has shows in eastern India A wildcat being drilled in Assam, India, encountered a sandstone at 4,002 m measured depth with good hydrocarbon shows and high formation pressure, said operator Premier Oil.
-- Pan American secures loan for Cerro Dragon field Pan American Energy has signed a $550 million loan agreement with International Finance Corp. for development of Cerro Dragon oil field in the Golfo San Jorge basin in Chubut, Argentina.
-- Llanos wildcat gauges oil from Guadalupe Petrominerales gauged 31° gravity oil at rates of 970-1,200 b/d from Tertiary Guadalupe, the lowermost of three intervals it plans to test at the Corcel-1 exploratory well in Colombia's Llanos basin.
-- Tullow Oil finds gas in Uganda Tullow Oil PLC reported the Nzizi-2 appraisal well, on Block 2 in Uganda's Lake Albert Rift basin, has tested 14 MMscfd of natural gas.
-- India's Cauvery has first deepwater find Reliance Industries Ltd., Mumbai, made the first deepwater hydrocarbon discovery in the Cauvery basin off southeastern India at the company's first well in the basin.
-- Pemex, BP sign deepwater agreement Mexico's state-run Petroleos Mexicanos (Pemex) and BP PLC July 24 signed three technical-scientific cooperation agreements aimed at boosting exploration in deep waters.
-- Petrolifera tests shallow Neuquen oil pool Petrolifera Petroleum Ltd., Calgary, tested light oil from the shallow Cretaceous Centenario formation for the first time on its 100% owned Puesto Morales/Rinconada Concession in Argentina's Neuquen basin.
-- Aurelian plans seismic work in Poland Aurelian Oil & Gas PLC plans to carry out seismic work over the next 3 years, including 3D, on three blocks it acquired under Poland's latest licensing round.
-- Gulfsands to fast-track Khubert East discovery Gulfsands Petroleum PLC said it intends to move rapidly to commercialize its Khurbert East discovery after it achieved a successful open-hole drillstem test of the first appraisal well on Block 26 in northeastern Syria.
-- Texas-West Central Giant Petroleum Inc., Irving, Tex., and Hilltex Operating Co. have completed three of 20 wells they plan in Shackelford and Throckmorton counties, Tex.
-- Dominion acquires exploration license in Uganda Dominion Petroleum Ltd. has signed a production-sharing agreement (PSA) with Uganda to explore Block 4B in southwestern Uganda. The 2,021 sq km block is on the border contiguous with the Democratic Republic of Congo. Block 4B lies southeast of Lake Edward in the Eastern Rift Valley in the same sedimentary basin as Lake Albert.
-- Australia awards 11 offshore exploration permits Total E&P Australia, Samson International (Australia) Pty. Ltd., and CNOOC Australia E&P are among companies acquiring 6-year exploration permits in Australia's latest licensing round. The permits can be renewed twice for periods of 5 years.