Helium One Global Ltd has secured a Government free carried interest of 17% under a new joint venture for its mining licence in the southern Rukwa Rift Basin, southwest Tanzania. SONGWE The new joint venture will be incorporated as Songwe Helium Ltd, of which Helium One will own 83%. The company will appoint three board […]
Tag: oil and gas
Borders issues 326,666 shares in warrants exercise
Borders & Southern Petroleum plc has issued 326,666 new ordinary shares of one pence each following a warrants exercise at 1.5 pence per warrant share, for an aggregate £4,900. On admission, the company’s total issued share capital will consist of 878,456,911 ordinary shares, each with voting rights. Borders does not hold any ordinary shares in treasury. The company […]
Helium One completes Galactica six-well drilling
Helium One Global Ltd reported an increase in flow rates from the State-9 well as the six-well Galactica drilling programme completes in Las Animas County, Colorado, USA. PROCESSING Since total depth in the Upper Lyons Sandstone formation, the flow rate in State-9 has increased to more than 360 thousand cubic feet per day (Mcfd). Projected […]
EnQuest retains best PAC title in Malaysia
EnQuest plc has won best petroleum arrangement contractor (PAC) in Malaysia for the second consecutive year at the Emerald Awards by state-owned oil company Petronas (Petroliam Nasional Berhad). VISION At the ceremony in Kuala Lumpur, Petronas also gave the company an award for abandonment excellence. “To receive this recognition once is a great honour,” said EnQuest’s […]
Vermilion exits USA to focus on Europe-Canada
Vermilion Energy Inc. has agreed a CA$120 million (£64.7m) sale of its remaining United States assets to reduce its debt and focus on its core gas-weighted assets in Canada and Europe. PRIORITY The transaction has an effective date of 1 January 2025 and is expected to close during the third quarter. The company anticipates net debt to […]
Rockhopper director sells 50,000 shares
Rockhopper Exploration plc senior independent director Alison Baker has sold 50,000 ordinary shares of £0.01 each in the company at £0.47 per share for £23,532.10. Following the sale on 3 and 4 June 2025, Ms Baker retains 234,181 shares, representing 0.036% of Rockhopper’s issued share capital. The oil and gas explorer holds North Falkland Basin interests […]