Ascent Resources plc and its partner American Helium LLC have signed a binding agreement, allowing a third party to access inactive oil and gas wells on their licences in the Paradox Basin in Utah, USA. EXPLORATION The deal with Utah Brine Corporation, a special purpose vehicle set by Australian outfit Neometals Ltd and its US […]
Tag: binding agreement
Reabold investee acquires Colle Santo owner
Reabold Resources plc’s investee in the Colle Santo onshore gas project has entered into a binding agreement to acquire the outstanding 80% issued share capital of the field’s owner. PRODUCTION LN Energy Ltd (LN) manages and owns a 20% interest in Italian company LNEnergy S.R.L. which holds 90% of the concession, with an estimated 65 […]