Helium One Global Ltd said its joint venture with Blue Star Helium remained on schedule for first gas during December 2025 at the Galactica project in Las Animas County, Colorado, USA. PROCESSING Foundation and preparatory work are nearly complete with well site tie-ins, gas gathering system and facility site construction planning being finalised. Mobilisation for […]
Tag: Colorado
Ascent resumes strong production in Utah
Ascent plc reported 350 thousand cubic feet per day (circa 58 barrels of oil equivalent per day) from the first five wells put back into production last month in the Wolf Point area, northern Utah. INVENTORY Operator Arb Energy LLC is undertaking maintenance on a further four wells expected to beginning long term production, before […]
Ascent appoints David Patterson as CEO
Ascent Resources plc has appointed David Patterson as its chief executive officer, with immediate effect. Mr Patterson is an oil and gas explorer with more than 43 years’ experience onshore USA. He worked for several years in Utah and Colorado where he was vice president geology for Rose Petroleum plc, now called Zephyr Energy plc, […]
Ascent plans expansion in the USA
Ascent Resources plc has expanded its US footprint with additional producing and prospective oil and gas interests in Colorado and Utah, for a total £3.25 million. RESOURCES The acquisitions, subject to shareholder approval to issue shares, follow the December 2024 acquisition of a 49% interest in helium-rich oil and gas licences in the Paradox Basin […]
Helium One confirms free gas at Jackson-2
Helium One Global Ltd has confirmed free gas by wireline logs in the Jackson-2 development well at the Galactica farm-in project in Las Animas County, Colorado, USA. TIE-IN Partner and operator Blue Star Helium drilled to a total depth of 1,232ft (375m) with the well flowing naturally during drilling and in line with the previously […]
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 […]