Helium One Global Ltd has raised £6.43 million to fund a 50% farm-in to the Galactica-Pegasus project and a similar interest in leases of a proven helium fairway in Colorado, USA. CASH FLOW The fundraise with Cynosure Capital Pty Ltd was via a 37% discounted direct subscription in a cash box structure for 590,000,000 new […]
Day: 19 December 2024
Helium One flows up to 7.6% helium at ITW-1
Helium One Global Ltd said it had successfully flowed up to 7.6% helium to surface on completion of the first phase of the extended well test at Itumbula West-1 at Rukwa in Tanzania. BASEMENT Operations on the faulted Karoo Group interval resulted in an average flow of 786 barrels per day (bpd) for a period […]
Red Rock issues 44m shares for £20,000 advance
Red Rock Resources plc has issued 44,444,444 new ordinary shares at a subscription price of 0.045 pence per share, to convert a £20,000 advance by an existing shareholder. Following admission, the company’s issued share capital will comprise 5,004,338,042 ordinary shares, with voting rights. None of the shares is held in treasury.
Prospex completes acquisition in Viura field
Prospex Energy plc has completed a 7.5% acquisition of Heyco Energy Iberia S.L., the majority owner of the Viura onshore gas field in northern Spain. VIURA 1B The purchase completed on 19 August 2024 follows a £4.2 million fundraise earlier in the month. Viura has estimated gross remaining reserves are 90 bcf (2.5 bcm), of […]