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Latest News
Drilling & Production Operations:
Progress Reports
Results of Wireline Logs: Gas and Oil Find at Puk Puk-1
22nd July 08 The Directors of Rift are delighted to announce that Puk Puk 1 has now reached Target Depth and has been successful beyond our most optimistic expectations with net gas pay about twice that seen at Douglas and about 50% greater than expected... More...
Drilling Update : Main Reservoir Reached at Puk Puk-1
8th July 08 Rift is pleased to update shareholders further on the progress being made on the drilling of its Puk Puk-1 exploration well in Papua New Guinea. On 3 July 2008 Rift announced that drilling at Puk Puk-1 had reached the upper reservoir objective, the 'Alene Sand', and recorded gas at a depth of approximately 1760 metres, significantly higher than originally expected... More...
Rift Finds Gas at PUK PUK-1
3rd July 08 Drilling on its Puk Puk-1 exploration well in PNG has now reached the upper reservoir objective at a depth of approximately 1760 metres, significantly higher than originally expected... More...
Papua New Guinean Ministerial Consent Completes Agreement with Austral Pacific Energy Limited
26th June 08 Rift is delighted to announce that this consent has been granted and the final payment to Austral has been made, thereby concluding the termination of their joint venture arrangements... More...
Notification of Major Interests in Shares
17th June 08 The Company was informed on 10 June 2008 that, following the purchase of shares in the Company' recent placing, Nigel William Wray is now interested in 40,390,477 shares... More...
Signs Heads of Agreement (HOA) for a floating liquefaction project offshore Papua New Guinea
12th June 08 Rift Oil Plc ('Rift'), is pleased to announce that the Company has signed a Heads of Agreement with FLEX LNG Ltd. More...
Notification of Major Interests in Shares
10th June 08 The Company was notified on 5 June 2008 that following an acquisition of 26,666,668 ordinary shares of Rift Oil More...
Replacement Announcement
6th June 08 Replacement of Private Placing to raise approximately £5.166 million More...
Notifiable Interest Credit Agricole
5th June 08 Notification of Major Interests in Shares. More...
Placing June 08
5th june 08 Private Placing to raise approximately £5.166 million. More...
Rift Assumes 100% Ownership of Papua New Guinea Assets
23rd May 2008 Rift Oil Plc (“Rift”), the oil and gas exploration company with assets in Papua New Guinea (“PNG”), has reached an out of court settlement with its partner, Austral Pacific Energy Limited (“Austral”). More...
Share Price Movement
16th May 2008 The Directors of Rift Oil plc today note the movement in the Company's share price. More...
Drilling to Start at Puk Puk-1
May 6th 2008 Drilling of Puk Puk-1 will commence on 10th May 2008 More...
January 9th 2007 - Rift Oil PLC (LSE : RIFT), 2007 Appraisal and Development Strategy. More...
Board Appointment
November 28th 2006 - Rift Oil PLC is pleased to announce the appointment of Dr David John Bennett as a non-executive director to the Board of the Company with immediate effect. More...
RIFT OIL PLC
November 18th 2006 - Offer accepted from the Ministry of Petroleum and Energy in Papua New Guinea. More...
RIFT OIL PLC
September 28th 2006 - Annual Report and Accounts 2006. More...
RIFT OIL PLC
September 27th 2006 - Rift Oil PLC (AIM : RIFT), is pleased to announce its preliminary results for the year ended 31 March 2006. More...
RIFT OIL PLC
June 6th 2006 - Rift Oil PLC (LSE : RIFT), is pleased to announce that it has raised £540,000 (before expenses) through a placing of 10,800,000 new ordinary shares in the Company at 5p each. The new ordinary shares represent 3.0 per cent. of the enlarged issued share capital. More...
Douglas-1 Update
June 1st 2006 - Rift Oil PLC (LSE : RIFT), is pleased to announce
a gas discovery on the wildcat exploration well Douglas-1, located in the
area PPL 235 of Papua New Guinea(“PNG”). Rift has a 65% interest
and its joint venture partner, Austral Pacific Energy Ltd. a 35% interest
in Douglas-1. The discovery has been deemed by the operator Austral Pacific
Ltd. to warrant casing and production testing. More...
Douglas-1 Update
May 26th 2006 - Drilling has reached a total depth of 1,978
metres and drilling operations are set to cease shortly. The target sands
were encountered over a significant interval. Wireline logs will be run
immediately. More...
Douglas-1 Update
May 11th 2006 - Drilling has reached a depth of 1280 metres and we are now lining the hole and cementing before drilling recommences. Results of all tests to date on the hole are in line with expectations. Within two days we expect to start drilling down to the primary reservoir targets which are between 1700 and 2000 metres.
Douglas-1 PPL 235
Papua New Guinea - (Rift 65%)
May 8th 2006 - Drilling ahead - the well is now at 1200 metres and drilling will continue to approximately 1300 metres before intermediate logging will be conducted in open hole, prior to running and cementing 7? casing.
The next 500 metres through the Ieru shale will bring the well to its main target, the Toro Sandstones, at approximately 1,800 metres, and the first pay sand is expected in the top Alene followed by further targets in the Imburu and other Toro type sands.
Douglas-1 PPL 235
Papua New Guinea - (Rift 65%)
April 21st 2006 - As at 05:00 hrs on Friday April 21, 2006 (local time), the well was at a plug back depth of 92mBRT. During the week the drilling crew unsuccessfully attempted to recover 290m of drill pipe equipment which had become stuck in the hole. A cement plug was placed on top of the fish and the well will be sidetracked shortly. Current operation is waiting on cement and preparing to sidetrack.
Douglas-1 PPL 235
Papua New Guinea - (Rift 65%)
April 18th 2006 - As at 05:00 hrs (local time), the well was at a depth of 502mBRT. During the week 13 3/8" surface casing was set at 47.5mBRT and drilling proceeded in 12?" hole. Current operation is preparing to fish.
Douglas-1 PPL 235
Papua New Guinea - (Rift 65%)
April 7th 2006 - Cementing surface casing in place