Ascent Resources plc and its potential partner ARB Energy LLC have identified the first 15 wells for workovers, at a cost of $100,000, on oil, gas and helium-rich leases in northern Utah. LOAN NOTES In May, the company conditionally acquired a 10% interest in the ARB-owned and operated leases and rights to 50% of incremental […]
Tag: helium
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 […]
Predator prepares to drill Titanosaurus structure
Predator Oil & Gas Holdings plc has started civil engineering work to improve access roads and prepare the well pad at the MOU-5 drill site on the Guercif licence, onshore Morocco. EVALUATION The company said the fully funded drilling operations, targeting the Titanosaurus prospect, are on schedule to begin on or about 25 February 2025. […]
Power Metal JV defines new target at Perch River
Power Metal Resources plc’s joint venture has defined a new target area at the Perch River uranium project within the Athabasca Basin in Saskatchewan. SURVEYS The company and partner UCAM Ltd completed helium, hydrogen, radon and soil geochemistry surveys to delineate the Rapids target. The new area consists of “multiple overlapping geochemical and radon anomalies” within a […]
Predator welcomes MOU-5 in-place potential
Predator Oil & Gas plc has reported potential in-place helium of 104.31bcf for the P50 upside case in the MOU-5 well on the Moulouya prospect at Guercif in Morocco. PATHWAYS Scorpion Geoscience Ltd’s new report includes 598.88 billion cubic feet for the P10 upside case. In August, the potential conventional prospective gross recoverable gas resources […]
Predator restarts planning MOU-5 Jurassic well
Predator Oil & Gas Holdings plc has restarted planning the MOU-5 Jurassic well, targeting the ‘Titanosaurus structure’ covering up to 187km2, at Guercif onshore Morocco. HELIUM The company will also evaluate the possibility of helium potential by MOU-5 and MOU-4 rigless well testing, after a gas sample from MOU-3 showed the presence of helium. The […]