Helium One Global Ltd has become the only helium exploration company to be listed on the Alternative Investment Market (AIM) of the London Stock Exchange. In November, the company, whose interests are in Rukwa, southwest Tanzania, said it expected to be listed this month following a £6 million fundraise and its amalgamation with Attis Oil […]
Oil & Gas
Reabold eyes gas Victory after Corallian investment
Reabold Resources plc has increased its share in Corallian Energy Ltd to 2,780,049 after investing £600,000. The hydrocarbon investment company exercised 272,727 warrants over shares in Corallian Energy Limited at £2.20 per share, equating to approximately £600,000. Reabold now holds 36.9% of Corallian’s then issued share capital. In the 32nd Licensing Round, the Oil and […]
IGas aims to extend licence for ‘world class’ shale gas
Island Gas Ltd (IGas) has applied to extend by three years the life of its proposed development of shale gas in the village of Misson, North Nottinghamshire. The company said it wanted the extension to allow the Government to consider fully the future of hydraulic fracturing, or fracking, following the moratorium introduced on 4 November […]
Cuadrilla surrenders its Lancashire shale gas permit
Shale gas company Cuadrilla Bowland Ltd has surrendered its exploration permit for the Bowland Basin in Preston, Lancashire. MORATORIUM The Environment Agency (EA) said today that the company, owned by Australian mining and infrastructure company AJ Lucas, had returned the site to a satisfactory state. The EA added that Cuadrilla had also taken necessary steps […]
United aims to exceed production guidance
United Oil & Gas plc announced it expected to exceed the previous guidance of 2,300 boepd when the company starts drilling at its joint venture Abu Sennan licence, onshore Egypt. DRILL CAMPAIGN The company said it had awarded an EDC-50 rig contract with low-cost rig rates linked to oil prices. The rig is due to […]
Deltic awarded six licences of 12 new blocks
Deltic Energy plc has been formally awarded six licences comprising 12 new blocks in the UK’s 32nd offshore licensing round. SEISMIC All the licences are on a 100% equity position, except P2558, which is jointly awarded with Shell UK holding a 70% working interest. Deltic said the awards reinforced its strategy of creating a steady ‘conveyor […]