Reabold Resources plc’s investee has secured a two-month extension to acquire additional interest in the Colle Santo gas field in Abruzzo, Italy. OPTION The “low risk, small scale” liquefied natural gas project has two production wells already drilled and flow-tested with first gas targeted for 2025. LNEnergy Ltd manages and owns a 20% interest in […]
Tag: oil and gas
Ascent issues one million shares for services
Ascent Resources plc has issued 1,149,058 new ordinary shares of 0.5 pence each in the company at an issue price of 2.3 pence for services to the company. A total 279,493 shares were issued to a former director employed in October and November 2024 and 869,565 to Optimo Research for services provided over the next […]
Wintry weather delays Helium One at Galactica
Helium One Global Ltd said that wintry weather had delayed rig mobilisation until February at the Galactica helium project in Las Animas County, Colorado, USA. FIRST GAS Joint venture partner Blue Star Helium is laying gravel on the roads to the Jackson-31 and Jackson-4 wells for access during the cold, snow and thaw. Mobilisation is […]
UJO identifies zones of interest in Moccasin 1-13
Union Jack Oil plc has identified “several zones of interest and test intervals” in the Moccasin 1-13 well in Pottawatomie County, Oklahoma. TESTING Joint venture operator Reach Oil and Gas Company Inc drilled the well to a total depth of 5,690 feet and has acquired electric logs. Evaluation and testing will begin on or around […]
Prospex nears 3D seismic campaign at Selva
Prospex Energy plc’s partner has received regional approval to begin work for its 3D seismic campaign on the entire Selva Malvezzi production concession area in the Po Valley, Italy. DRILLING Po Valley Ltd’s subsidiary will develop the field with four new wells, adding to the Podere Maiar-1 well which produced 7.02 MMscm gas and gross […]
Sunda begins environment survey for Chuditch-2
Sunda Energy plc has started an environmental baseline survey ahead of drilling the planned Chuditch-2 appraisal well, offshore Timor-Leste. SCHEDULE The survey vessel ‘Outer Limit’ will undertake extensive sampling of the marine environment before completion within five days. Sunda will incorporate the survey results and analysis into the environmental impact statement needed as part of […]