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Wilton Resources Inc V.WIL

Alternate Symbol(s):  WLTNF

Energy Oil & Gas E&P
Wilton Resources Inc. is a Canada-based oil and gas exploration and development company, with a property in Canada. The Company is pursuing oil and gas properties in various international locations including the Middle East and Africa. The Company’s business development plan is focused upon acquiring international oil and natural gas interests. The Company is also focused on planning and executing integrated projects from the reservoir modeling stage through the exploration/development drilling and completion work program stage. It utilizes a Geo-engineering approach to the reservoir analysis and modeling phase which integrates the skills of all of the technical disciplines (geology, geophysics, petrophysics, reservoir engineering, and geostatistics) in a single team using an integrated software platform.


TSXV:WIL - Post by User

Wilton Resources Inc
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  • DoctorMoreauX
Post by DoctorMoreauon Dec 03, 2024 1:13pm
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Post# 36343250

AI Knows

AI Knows
Libya's National Oil Corporation (NOC) plans to launch an oil and gas licensing round in early 2025. The round will be the first in almost 20 years and will focus on fields in the Sirte, Murzuq, and Ghadames basins. The goal is to attract foreign investment, increase oil production, and re-establish Libya as a major player in the global oil market. 
 
Here are some other details about the licensing round:
  • Production goals
    Libya aims to increase oil production to two million barrels per day and natural gas production to four billion cubic feet per day within three to five years. 
     
  • Investment
    Libya is investing $17–$18 billion to develop 45 projects, including greenfield and brownfield projects. 
     
  • Interest
    More than 30 companies have already shown interest in Libya's marginal assets. 
     
  • Gas monetization
    Libya is also working to diversify its revenue by monetizing its natural gas, which is a critical source of energy for Europe. 
     
  • Security
    Libya has seen political instability since the fall of Moammar Qadhafi in 2011, which has often disrupted oil production. 

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