Core Insights - Libya's National Oil Corporation (NOC) has announced the resumption of exploration work by Eni in the north-west offshore area of Libya, specifically in Block 16/4, after more than five years of inactivity [1] Group 1: Exploration Resumption - Eni's exploration activities in offshore Block 16/4 have restarted, focusing on the exploratory well C1-16/4 (BESS-3) [1] - The drilling at this location initially began on March 11, 2020, but was suspended due to the Covid-19 pandemic after reaching a depth of 1,012 feet [2] - The Scarabeo-9 rig, operated by Saipem, is now re-entering the well to complete drilling to a planned total depth of 10,520 feet [2] Group 2: Location and Context - The exploratory well is located in Contract Area D, approximately 95 km off the coast of Libya, at a water depth of around 743 meters, and is about 15 km from the Bahr Es Salam gas field [3] - Eni and BP restarted exploration work in Libya's Ghadames Basin in October of the previous year, marking a significant return to the region [3] Group 3: Historical Context - The resumption of exploration comes after a ten-year hiatus, with onshore drilling halted in 2014 due to political instability following the overthrow of Muammar Gaddafi in 2011 [4] - In July 2025, Mellitah Oil and Gas, a joint venture between NOC and Eni, contracted Hill International to oversee the Structures A&E project, which aims to boost local gas production and support exports to Europe [4][5]

Core Insights - Energy security and affordability have become more important than concerns about stranded assets, leading major oil and gas companies to refocus on exploration after years of prioritizing clean energy solutions [1] - Major oil companies have reduced investments in renewable energy due to poor returns and challenges related to demand, costs, and regulations [2] Exploration and Production Focus - European majors BP and Shell have reversed their earlier commitments to reduce oil and gas production, now focusing on increasing production and exploration in key regions [3] - Significant oil discoveries have been made in Guyana, Suriname, Namibia, and Brazil, indicating a resurgence in exploration efforts [3] U.S. Supermajors' Strategies - U.S. supermajors Exxon and Chevron are investing heavily in Guyana's Stabroek offshore block, with Exxon operating the block and Chevron acquiring a minority stake through a multi-billion-dollar deal [4] - TotalEnergies is also developing resources in Suriname and plans to advance projects in Namibia [4] Regional Developments - Shell has reported exploration success in Namibia and is planning drilling activities in South Africa's Orange Basin, although these efforts face environmental challenges [5] - BP has made a significant oil and gas discovery in Brazil's Santos Basin, marking its largest find in 25 years [6] BP's Recent Discoveries - BP's exploration well in the Bumerangue block has identified a gross hydrocarbon column of approximately 500 meters in a high-quality pre-salt carbonate reservoir, covering over 300 square kilometers [7] - BP's executive vice president highlighted the discovery as part of a successful year for the exploration team, reaffirming the company's commitment to upstream growth [8]

The world needs to spend $540 billion a year looking for oil and gas to maintain current output by 2050, the IEA says https://t.co/vXPNndnIjf ...

Core Insights - Reconnaissance Energy Africa Ltd. has provided a drilling update on the Kavango West 1X exploration well, which commenced on July 31, 2025 [1][3] - The drilling operation is progressing efficiently and safely, with expectations to reach total depth by the end of November 2025 [2][3] Drilling Progress - The Kavango West 1X well is currently drilling at a depth of approximately 1,910 meters, with plans to set the final casing string at around 2,400 meters [3] - The drilling plan includes penetrating approximately 1,500 meters of the Otavi reservoir, with a total depth target of 3,800 to 4,250 meters [3] Company Overview - ReconAfrica is engaged in oil and gas exploration in the Damara Fold Belt and Kavango Rift Basin, holding petroleum licenses over approximately 13 million contiguous acres [4] - The company is committed to minimal habitat disturbance and adheres to international environmental and social best practices [4]

Summary of the Conference Call on Exploration Resurgence Company and Industry - **Companies Involved**: Apache Corporation and Armstrong Oil and Gas - **Industry**: Oil and Gas Exploration and Production (E&P) Key Points and Arguments 1. **Exploration Focus**: Apache Corporation emphasizes its commitment to exploration, spending $65 million on exploration in 2025 and over $850 million from 2020 to 2025, highlighting the importance of exploration in the E&P sector [6][7][9] 2. **Production Anchors**: Apache's production is primarily anchored in the Permian Basin (75% of free cash flow) and Egypt, with additional developments in Suriname and Alaska [7][8][12] 3. **Long-term Exploration Strategy**: The company believes in the long-term value of exploration, stating that the industry has reduced conventional exploration spending by 50% since 2014, positioning Apache favorably for future production needs [9][10] 4. **Alaska Exploration**: The North Slope of Alaska is highlighted as a significant unexplored region with high potential, with Apache having made two discoveries and a strong success rate of 90% in wildcat drilling [25][29][30] 5. **Global Exploration Hotspots**: Guyana is identified as the hottest exploration play globally, with ExxonMobil's success there influencing significant industry movements, including Chevron's acquisition of Hess for $60 billion [23][35] 6. **Emerging Opportunities**: Other regions of interest include Namibia, the Eastern Mediterranean, and a promising project in Aruba, which is described as having significant potential [36][38][42] 7. **Exploration Challenges**: The challenges of exploration in Alaska include environmental concerns, the need for winter drilling, and the high costs associated with building infrastructure [56][58] 8. **Talent Gap in Exploration**: There is a concern about a talent gap in the exploration sector, with many experienced professionals retiring and fewer younger professionals trained in traditional exploration methods [90][91] Additional Important Content 1. **Exploration as a Core Competency**: Both speakers stress that exploration is the lifeblood of the oil and gas industry, with Apache's commitment to maintaining a diversified portfolio that includes exploration [46][48] 2. **Technological Advancements**: Advances in seismic technology and data analysis have improved the chances of successful exploration, with success rates for well-chosen wildcats approaching 30% [50][84] 3. **Mentorship and Training**: Apache is focused on mentoring younger professionals in exploration, emphasizing the importance of experience and instincts in identifying viable prospects [85][92] 4. **Future Production Needs**: The speakers highlight the need for new production sources as shale plays begin to decline, indicating that exploration will be crucial for meeting future oil demand [45][70] This summary encapsulates the key discussions and insights from the conference call, focusing on the importance of exploration in the oil and gas industry and the strategic positioning of Apache Corporation and Armstrong Oil and Gas.

Exploration and Development - Exxon signed a deal to explore for oil and gas off the coast of Trinidad and Tobago [1] - This deal comes a decade after Exxon's major discovery in Guyana [1]

Core Viewpoint - Sintana Energy Inc. has formed a strategic partnership with Corcel, plc to explore opportunities in Angola, specifically acquiring a 5% net interest in KON-16 in the Kwanza Basin [1][2]. Group 1: Partnership Details - Sintana will acquire a 5% net interest in KON-16 through a 5.88% equity stake in a Special Purpose Vehicle (SPV) that holds Corcel's 85% gross interest in KON-16 [2]. - The total consideration for the transaction is US$2.5 million, with an initial deposit of US$500,000 and the balance due at closing, expected in Q3 2025 [2]. - Sintana will also receive a future 2.5% Net Profits Interest (NPI) on Corcel's interest in KON-16, capped at $50 million, after which the NPI will reduce to 1.5% [2]. Group 2: Exploration Potential - KON-16 is considered a significant opportunity in the Kwanza Basin, with a history of successful exploration and multiple targets estimated to contain several hundred million barrels of recoverable oil [3]. - The partnership includes a Joint Study and Bid Agreement to evaluate and pursue further oil and gas exploration and production opportunities in Angola [4]. Group 3: Strategic Intent - The partnership reflects Sintana's strategy to collaborate with top-tier partners and invest in high-impact projects with substantial resource potential requiring minimal additional capital [6]. - The acquisition of interest in KON-16 is aimed at expanding Sintana's exposure in the West African conjugate margin [6].

Core Insights - APA Corporation and its partners announced successful flow testing results from the Sockeye-2 exploratory well, indicating a significant discovery in the eastern North Slope of Alaska [1][2] - The Sockeye-2 well reached a depth of approximately 10,500 feet and encountered a high-quality Paleocene-aged clastic reservoir with an average porosity of 20% [2] - The well averaged 2,700 barrels of oil per day during the final flow period over a 12-day production test, demonstrating exceptional productivity without artificial lift [2][3] Company Overview - APA Corporation operates in oil and natural gas exploration and production across the United States, Egypt, the United Kingdom, and offshore Suriname [4] - The company holds a 50% working interest in the Sockeye-2 well, with partners Lagniappe Alaska and Santos each holding 25% [1] Future Prospects - The results from the Sockeye-2 well are expected to extend the Brookian topset play, first established with the Pikka discovery in 2013, and further appraisal drilling will determine the ultimate size of the discovery [3] - The flow test results confirm the geological and geophysical models, derisking additional prospectivity in the block [3]

Core Viewpoint - ANGKOR RESOURCES CORP. is advancing its oil and gas exploration efforts in Cambodia through its subsidiary EnerCam Resources Co. Ltd., with a focus on Block VIII, where a 350-kilometer 2-D seismic line program has been established to identify drilling targets and enhance exploration activities [1][2][3]. Group 1: Exploration Activities - The technical team has identified six potential sedimentary sub basins of interest within Block VIII, with four located in the central west and two in the east [2]. - Initial seismic survey targets are concentrated in the western half of the Permit Block, specifically in the South Cardamom, Central Bokor, South Bokor, and North Phu Quoc sedimentary sub basins [3]. - The eastern side of Block VIII features two shallower sedimentary basins, North Kampot and South Kampot, which have known oil seeps of interest [4]. Group 2: Seismic Program and Methodology - The seismic program is expected to be conducted using accelerated weight drop (AWD) seismic technology, particularly suited for the shallower targets identified [4]. - The results from the 2-D seismic survey will be processed and interpreted during the rainy season, guiding subsequent exploration steps [11]. Group 3: Regional Context and Comparisons - The oil seeps found in Block VIII are similar to those in the Phitsanulok Basin of northwestern Thailand, which hosts the Sirikit oilfield, the largest onshore oilfield in Thailand with an initial estimate of 800 million barrels of oil [5]. - The Sirikit oilfield's recoverable estimates include 148 million barrels of oil and 250 billion cubic feet of associated gas, although these figures do not directly indicate the resource potential of Block VIII [5]. Group 4: Environmental Considerations - The seismic lines will be adjusted to remain within Permit boundaries, avoiding any encroachment into Protected Park areas or special Ecological Reserve lands [8].

As filed with the Securities and Exchange Commission on January 5, 2023. Registration No. 333-267380 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 4 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Trio Petroleum Corp. (Exact name of registrant as specified in its charter) | lelaware | | --- | (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 1311 87-1968201 (I.R.S. Emplo ...