Ascent Resources plc is seeking legal advice after its Petišovci gas joint venture partner, and subject of an arbitration tribunal, began insolvency proceedings in Slovenia. CHALLENGES In October, the tribunal confirmed Ascent’s entitlement to proceeds above the baseline production profile from all wells in the concession area. Following partner Geoenergo d.o.o.’s move towards insolvency proceedings, […]
Day: 19 December 2024
Helium One begins drilling Itumbula West-1 well
Helium One Global Ltd has begun drilling the Itumbula West-1 well, targeting two major fault zones and the Karoo Group, on the Rukwa licence in Tanzania. EVALUATION Having installed the new iron rough neck and completed hydraulic repairs, the company is currently cementing the 20″ conductor before drilling the 17.5″ hole section. An open hole […]