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The latest update is out from Nostra Terra Oil and Gas ( (GB:BUCE) ).
Buccaneer Energy has acquired a 32.5% interest in additional leasehold acreage in the Fouke area of the Pine Mills field, enhancing its potential for new production and sidetrack opportunities. This acquisition includes the Turner #1 and Daniel #1 wells, with plans for near-term production and future development. The company is in discussions with the Texas Railroad Commission regarding an enhanced recovery plan and is on track to begin drilling the Fouke #4 well by late December 2025. This strategic move positions Buccaneer Energy to increase its production and value in the Pine Mills area.
More about Nostra Terra Oil and Gas
Buccaneer Energy Plc is an international oil and gas exploration and production company with development and production assets located in Texas, USA. The company focuses on expanding its operations in the oil and gas industry, particularly through strategic acquisitions and development projects.
Average Trading Volume: 84,571,895
Technical Sentiment Signal: Sell
Current Market Cap: £1.15M
Find detailed analytics on BUCE stock on TipRanks’ Stock Analysis page.