Ascent Resources plc raised £600,000 through issue of 18,181,818 placing shares each with a nominal value of 0.5 pence per share each at a placing price of 3.3 pence. Align Research Ltd, which is a substantial shareholder of Ascent, subscribed for £50,000 of the new equity issue.
Tag: oil and gas
Serica doubles cash on gas price and production rise
Serica Energy plc said it reached 85% production and doubled its cash following high gas prices and the introduction of Rhum R3 well and Columbus field in the North Sea. PRODUCTION In a corporate presentation for the year ended 31 December 2021, the company reported that the Rhum R3 well, put into production in late […]
Egdon notes significant potential of Wressle-1
Egdon Resources plc announced “significant potential” from analysis of the downhole hole pressure data of the Wressle-1 well, East Yorkshire. POTENTIAL Independent energy consultancy ERCE conducted the interpretation on behalf of project partners Egdon (operator – 30%), Europa Oil & Gas (Holdings) plc (30%) and Union Jack Oil (40%). Egdon said in a statement that […]
Helium One raises £2,840 via warrant exercise
Helium One Global raised £2,840 after receiving notice to exercise warrants over 100,000 ordinary shares at a price of 2.84 pence per share. The warrant shares will rank pari passu with the existing ordinary shares.
Helium One identifies further surface anomalies
Helium One Global has identified multiple additional surface helium anomalies at its Rukwa, Eyasi and Balangida (100%) projects in Tanzania. TARGETS The company completed a multispectral satellite spectroscopy study (MSS) which provided heat-map data for helium at surface across the company’s entire 4,500km2 licence area. Helium One said that abundant anomalies indicated widespread helium charge and […]
West Newton analysis shows potential ‘significant’ hydrocarbons
Investment company Reabold Resources plc said that an initial analysis of an extended well test (EWT) showed potential for “significant hydrocarbon” production at the West Newton joint venture project in East Yorkshire. EWT Operator Rathlin Energy Ltd conducted the EWT in Q4 2021 and commissioned RPS Group to produce a review assessing the potential of […]