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XCD Energy: Realises hydrocarbon potential at Harpoon Prospect

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XCD Energy: Realises hydrocarbon potential at Harpoon Prospect

  • XCD Energy has received confirmation from Conoco Phillips that it has encountered hydrocarbons from drilling at the Harpoon Prospect
  • This is encouraging news for XCD as Harpoon is located just 15 kilometres northwest of its Project Peregrine lease
  • Unfortunately, the COVID-19 pandemic cut the drilling program short
  • Nevertheless, the companies encouraged by this result and will reinitiate explorations in the near term
  • This clearly provides us with necessary encouragement to reinitiate our farm-out campaign, Dougal added
  • XCD’s shares are down 12.5 per cent, trading for 0.7 cents each

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