Helium One Global Ltd has appointed a 24-hour drill crew and completed 90% of setting up the rig on Tai-C well for phase II drilling at Rukwa in Tanzania. CONTRACTS The remaining long lead items are on schedule to arrive during the second week of September with drilling on course to start during the second […]
Author: editorial
Predator nears rigless testing of MOU-1 well
Predator Oil & Gas Holdings plc has submitted the rigless testing work programme for the MOU-1 well at Guercif onshore Morocco. LOGISTICS The well will be tested by France-based Energy Consulting Services (ECS), licensed to use and operate the Sandjet perforating technology. Predator has chosen 18 individual horizons within intervals for testing and may add […]
Predator secures more time to acquire Cory Moruga
Predator Oil & Gas Holdings plc has secured more time to acquire the Cory Moruga asset and progressed partner talks on carbon dioxide enhanced oil recovery (CO2 EOR) projects in Trinidad. CONDITIONS The licence includes the Snowcap oil discovery, with oil previously produced on test from the Snowcap-1 and Snowcap-2ST wells. The purchase, from Challenger Energy […]
Prospex converts £471,000 CLNs for 11m shares
Prospex Energy plc has received notices to convert £470,840.17 in four convertible loan notes (CLNs) for 11,078,594 new ordinary shares of 0.1p each in the company. The CLNs, issued in July 2022, are convertible at 4.25p per share. Following admission, the company will have 304,835,746 ordinary shares in issue. Prospex holds gas interests in Selva (37%) […]
Scirocco secures more time to sell Ruvuma interest
Scirocco Energy plc has secured an extension to the long stop date for the sale of its 25% interest in the Ruvuma gas project in Tanzania. CONDITIONS PRECEDENT The company and purchaser ARA Petroleum Tanzania (APT) agreed to amend the date of the proposed $16 million transaction from 31 August 2023 to 30 September 2023. […]
Galantas drill results expand Gairloch mineralisation
Mineralisation at the Gairloch project has expanded based on Galantas Gold Corp’s drill results from the third and fourth exploration holes and prospecting samples. TREND The Canadian company has localised current drilling within 100 metres of where the mineralised unit is exposed at surface. Hole 23-GL-04 intersected 4.42 g/t gold, 0.71% copper, 0.52% zinc, 69 […]