Helium One Global Ltd said it had identified new priority drill-ready targets ahead of its drill campaign in June at the Rukwa project in Tanzania. The news comes as the miner completed its extended 200km infill 2D seismic campaign which began in February. Data acquisition commenced in mid-March and, following encouraging results, a further 50 line kilometres was […]
Oil & Gas
VOG gas sales rise as well design progresses at Matanda
Victoria Oil & Gas plc (VOG) announced stable sales of natural gas as the company’s wholly owned subsidiary Gaz du Cameroun (GDC) continues with plans for new wells at Matanda. LOGBABA FIELD In VOG’s Q4 2021 report, GDC’s operations in the port city of Douala had a sales rate of 5.2 MMscf/d (Q4 2020: 5.1 MMscf/d) […]
JOG shapes its 21st century role with carbon policy
Jersey Oil & Gas plc (JOG) has introduced a carbon policy for operations in its licence areas in the UK North Sea. GREENHOUSE GAS PROTOCOL The company said that a sustainable and lower-carbon energy future was central to its oil and gas operations and management. JOG is targeting net zero emissions from its Greater Buchan […]
Helium One mobilises drill rig
Helium One Global Ltd said it had mobilised a drilling rig and equipment from Tanzania and Mozambique ahead of drilling in May at its Rukwa project in Tanzania. The company also announced that its ordinary shares have today started publicly cross-trading on the US OTCQB Venture Market. PREPARATIONS The rig and equipment has been moved […]
Reabold targets stronger hold in Victory discovery
Investment company Reabold Resources plc has offered to acquire additional shares in Corallian Energy Ltd, which could increase its interest from 36.87% to 49.99% in the Victory gas discovery, West of Shetland. The offer will see the acquisition of up to 13.12% of Corallian shares from existing Corallian shareholders, in exchange for Reabold shares, at […]
Egdon losses narrow as output remains within guidance
Egdon Resources plc announced a decrease in losses while production remained within guidance during the six months ended 31 January 2021 from its UK oil and gas interests. The operator’s unaudited results showed production was 92 barrels of oil equivalent per day (H1 2020: 178 boepd) in line with guidance of 90-100 boepd. FINANCE Oil […]