Helium One Global Ltd has confirmed free gas from wirelogs after completing drilling the State-9 well at the Galactica farm-in project in Las Animas County, Colorado, USA. COLUMN Partner and operator Blue Star Helium drilled to a total depth of 1,225 ft (373m) with the well flowing naturally and showing good reservoir communication. Helium One […]
Tag: oil and gas
Rockhopper loses second Italy payment
Rockhopper Exploration plc will not receive the second tranche payment in its arbitration with Italy which has had the award annulled. INSURANCE The company, focused on the North Falkland Basin, said it intended to make a claim under its October 2024 insurance policy. The proceedings relate to Italy’s 2015 ban on oil and gas exploration within 12 […]
Block issues 3.4m shares in options exercise
Block Energy plc has allotted 3,345,398 ordinary shares of 0.25p each to a former employee, following the exercise on 20 May 2025 of nil cost options. The options were granted as part of the salary sacrifice scheme between April 2020 and April 2023. Following admission, the company’s issued share capital will comprise 772,653,343 ordinary shares […]
Ascent to appoint David Patterson as CEO
Ascent Resources plc plans to appoint US-based geologist David Patterson as chief executive officer and director following the company’s next general meeting. STRATEGY He replaces Andrew Dennan who decided not to stand for re-election at the forthcoming general meeting as the company refocuses its interests on the USA. Mr Dennan continues to work with the […]
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 JV spuds State-9 at Galactica
Helium One Global Ltd’s joint venture has spudded the State-9 SWSE 3054 development well at the Galactica helium project in Las Animas County, Colorado, USA. LYONS SANDSTONE Operator Blue Star Helium is currently preparing to drill the intermediate hole section in what will be the sixth well of the 2025 campaign. As with previous wells […]