Helium One Global Ltd has completed its farm-in agreement for the Galactica-Pegasus project in Las Animas County, Colorado, USA. DIVERSIFY The company will earn a 50% interest by paying $1.5 million cash to operator Blue Star Helium, which discovered the field in 2022, and funding the drilling of six development wells. Operations are expected to start during […]
Oil & Gas
Sunda grants 975m share options
Sunda Energy plc has awarded share options over an aggregate 975 million ordinary shares of 0.025 pence each in the company to certain directors, senior management, employees and a consultant. DIRECTORS The options, with an exercise price is of 0.0725 pence per ordinary share, are granted under an HMRC approved enterprise management incentive plan and […]
Helium One NED steps down
Helium One Global Ltd non-executive director Russel Swarts has stepped down with immediate effect. Mr Swarts has decided to focus on his other interests. Non-executive chairman James Smith said: “The board would like to take this opportunity to thank Russel for his significant contribution both as a board member and as part of the senior […]
Corcel NED resigns
Corcel plc non-executive director and former chairman Antoine Karam has resigned with immediate effect. Interim non-executive chairman Andrew Fairclough said: “On behalf of the board, I would like to offer thanks to Antoine for all that he has done for the company, having led the change in strategic direction last year and for supporting it both […]
Deltic confirms gas discovery at Selene
Deltic Energy plc has confirmed a gas discovery at the Selene joint venture in the UK southern North Sea. VOLUMES Operator Shell UK Ltd drilled 48/8b-3Z well, reaching its total depth of 3,540 metres TVDSS on 17 October and proved a “160 metre thick” section of Leman Sandstone. “The top of the Leman Sandstone was […]
United finalises exit from Egypt
United Oil & Gas plc has completed its exit from the Abu Sennan joint venture licence, onshore Egypt. JAMAICA The company said it had finalised all paperwork for the withdrawal from its 22% working interest, effective 1 January 2024. Formal approval from state oil company Egyptian General Petroleum Corporation and the Minister for the Deed […]