Ascent Resources plc has issued 36,199,000 new ordinary shares, each of 0.5 pence nominal value, at 5 pence per new share in relation to its 49% purchase of US oil and gas licences. The 119,000 acres of helium-rich licences lie within the Paradox Basin across Utah and Colorado. The issued shares are payment to operator […]
Tag: American Helium LLC
Ascent acquires 49% in Utah-Colorado licences
Ascent Resources plc has acquired a 49% interest in 119,000 acres of helium-rich oil and gas licences in the Paradox Basin across Utah and Colorado, USA. ZONES The US$2 million acquisition, supported by a $475,949 fundraise at a 203% premium, is from Houston-based operator American Helium LLC. Ascent will pay $1.75m with 27,650,000 new Ascent […]