Helium One Global Ltd has spudded the Jackson-27 development well at the Galactica joint venture project in Las Animas County, Colorado, USA. LYONS Australian operator Blue Star Helium is currently installing and testing the blowout preventers before drilling through the intermediate hole section. The well is targeting the Lyons Sandstone formation, with total depth planned […]
Day: 12 May 2025
New compressor increases Saltfleetby production
Angus Energy plc has increased production following the commissioning of the new booster compressor at the Saltfleetby gas field in East Lincolnshire. OPTIMISE The company said that operations, starting on 11 April, were at a lower suction pressure than the two existing compressors to allow “more pressure drawdown of the wells”. This also eased the […]
Prospex completes 100% acquisition of Tarba
Prospex Energy plc has secured 100% ownership of the El Romeral concession following the completed acquisition of its joint venture partner in Tarba Energia S.L. COMPANY MOVES The company and Warrego Energy Ltd previously operated through Tarba with a 49.9 and 50.1% share. In addition to the project located near Carmona in Southern Spain, Tarba […]
Redmoor exploration bolstered by £1m fundraise
Cornwall Resources Ltd’s parent company has raised £1 million via a 25% discounted placing of 333,333,333 new ordinary shares to certain investors at a price of 0.3 pence per share. TUNGSTEN Strategic Minerals plc said that proceeds of the oversubscribed placing would be mainly used to progress the Redmoor tungsten-tin-copper project in Cornwall and for […]