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Finally Bullabulling Gold, an Aim-listed mining group focused on Western Australia, fell 8% to 4.25p despite positive drilling results at its Edwards and Gryphon pits.
Meanwhile Max Petroleum rose 3.25p to 14.25p on bid speculation, although investors are also anticipating drilling results from its deep well in Kazakhstan, expected in April.
The iGas applications do not involve fracking but the energy firm has indicated it would apply to frack the wells if the drilling results are positive.
Finally, Aim-listed Mariana Resources added 22% to 1.35p after positive initial drilling results from four holes at its Hot Maden Copper Gold Project in Turkey.
Now, improved recovery technology, sharply higher natural gas prices and strong drilling results in a similar shale formation in north Texas are changing the calculus.
Now, after a string of disappointing drilling results, prospects of a major new source of energy on North America's doorstep are fading.
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But more oil means more drilling, resulting in tons of waste that is putting cropland at risk and raising doubt among farmers that these two cash crops can continue to coexist.
Cazenove also liked the look of Afren, saying: Once the oil price finds a level and the market de-risking ends, we would look to top up in certain names that offer near term drilling result catalysts, look under-valued after the sell-off and could be consolidation targets.
Thus, the drilling confirmed that there was a void right under the road surface slab and the depth of this void was 0.76 m. Figure 7 shows the GPR data for this void correlated with the drilling result.
In the complex floodplain Barind geologic environment of the Chapai-Nawabganj area, the need for costly random drilling, resulting in dry holes or marginal production from wells can largely be eliminated by the judicious application of low-cost geoelectrical studies.
Specifically, in the coronal plane, TT drilling resulted in a more vertical femoral tunnel placement while femoral tunnels drilled with an OI technique were found to be more oblique, with approximately 20° greater obliquity in coronal plane in comparison with TT drilling.
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