Helium One Global Ltd said that gas had shown a “strong natural flow” during drilling of the Jackson-4 well at the Galactica project in Las Animas County, Colorado, USA. QUALITY Partner and operator Blue Star Helium drilled to a total depth of 1,260ft (384m) with “free gas” confirmed by wireline logs, with no water encountered. […]
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Mushima North shows more silver mineralisation
Tertiary Minerals plc’s assays have returned “thick” intervals of silver mineralisation associated with “broader” intervals of copper and zinc mineralisation at the Mushima North project in Zambia. ANOMALIES In Autumn 2024 the company drilled 25 holes on three traverses at target A1, a copper-in-soil anomaly, and one at C1. Results near surface at target A1 […]
Rockhopper JV progresses Sea Lion ahead of FID
Rockhopper Exploration plc’s partner in the Sea Lion discovery has had phased work, including 64 wells, set out in a revised independent report on the North Falkland Basin project. PHASES Israel-headquartered operator Navitas Petroleum LP, targeting a final investment decision for mid-2025, commissioned the independent resource report from Netherland Sewell & Associates (NSAI). “The report […]
Harbour investor sells 6.7m shares for £13.7m
Harbour Energy plc reported that institutional investors, closely associated with its chairman R. Blair Thomas, have sold a total 6,672,934 ordinary shares for an aggregate £13,746,244.04. On 21 March EIG Separate Investments (Cayman) LP sold 6,653,009 ordinary shares each of 0.002 pence at £2.06 per share for £13,705,198.54. On the same day, EIG Asset Management […]
Tullow to sell Gabon assets for £300m
Tullow Oil plc has signed a binding heads of terms agreement to sell its non-core Gabon assets to Gabon Oil Company for £300 million in cash net of tax. OPTIMISATION The sale comprises non-operated assets of 10 thousand barrels of oil per day of 2025 production guidance and c.36 million barrels of 2P reserves. Tullow […]
Cornwall Resources director retires
Cornwall Resource Ltd’s director and executive director of parent company Strategic Minerals plc, Peter Wale, has retired effective from today. Mr Wale is also leaving the board of Strategic Minerals to focus on his other business interests. “On behalf of the board of directors, I want to thank Peter for his long standing service” said […]