Helium One Global Ltd has identified helium enriched gas in drilling mud (gas show) in the Lake Bed Formation during exploration drilling of Tai-1 well at Rukwa in Tanzania. The company said that helium shows were identified in shallow strata from 70.5 metres. Micro-gas chromatograph showed helium concentrations up to 22,084ppm (2.2%) He in gas recovered […]
Oil & Gas
Reabold notes extended gas licence for Parta
Reabold Resources plc said that an 18-month extension had been granted to its project interest in the Ex-10 Parta gas exploration licence in Romania. The investment company holds a 51% interest in Danube Petroleum Ltd, which holds a 100% interest in Parta (including 100% interest in the Parta sole risk area) and a 100% interest […]
Predator starts drilling MOU-1 gas well on schedule
Predator Oil & Gas Holdings plc said it had started drilling the MOU-1 gas well in the Guercif Basin, northern Morocco. The company began operations at 1am yesterday (20 June) with drilling ahead in progress to the first planned 133/8″ casing point. The well is forecast to take up to 20 days to drill and to […]
UKOG to drill first modern oil appraisal well at Resan-Basur
UK Oil & Gas plc (UKOG) said it expected to start drilling shortly the first modern appraisal oil well at its Basur-Resan oil site in Turkey. The news follows the completion of the Basur-3 appraisal well’s drilling pad and finalisation of the contract for the Oceanmec Karahan ZJ40DZ rig. By midnight on 19 June, 38 related loads […]
UKOG given more time to drill Loxley-1
UK Oil & Gas plc (UKOG) said that it has been granted a two-year extension in which to start drilling the PEDL234 Loxley-1 gas appraisal well in the Weald Basin. The Oil and Gas Authority (OGA) said that UKOG must now begin drilling at the company’s 100% interest project before 31 December 2023. UKOG added that […]
VOG to raise $7.5m with loan deal for gas operations at Douala
Victoria Oil & Gas plc (VOG) said it aimed to raise $7.5 million (£5.5m) with a financing agreement for its onshore gas operations in the port city of Douala in Cameroon. MERIDIAN CAPITAL The company’s wholly owned subsidiary, Gaz du Cameroun S.A. entered into a definitive financing agreement with Meridian Capital (HK) Ltd to raise the funds […]