Helium One Global Ltd said that a “significant” increase in helium was measured in the State-16 well at the Galactica joint venture project in Las Animas County, Colorado USA. TIE-IN Partner and operator Blue Star Helium drilled the well in May 2024 before Helium One acquired a 50% working interest in the wider Galactica-Pegasus project. […]
Tag: oil and gas
Star awards 2m share options to directors
Star Energy Group plc has awarded in aggregate 1,999,000 nil cost options over shares in the company to its directors. PLANS Chief executive officer Ross Glover received 300,000 awards and chief financial officer Frances Ward received 225,000 under Star’s 2015 management retention plan. Under its 2016 executive incentive plan, Mr Glover received a further 525,000 […]
Orcadian completes 50% sale of HALO
Orcadian Energy plc has completed the sale of 50% of the ordinary shares of HALO Offshore UK Ltd to power plant developer and operator Independent Power Corporation plc. FUNDING IPC founder-chief executive officer Peter Earl and Mark Preece have joined Orcadian’s CEO Steve Brown and chief financial officer Alan Hume on HALO’s board. Mr Preece […]
Helium One spuds Jackson-4 at Galactica
Helium One Global Ltd’s joint venture has spudded the Jackson-4 well at the Galactica project in Las Animas County, Colorado, USA. PRODUCTION Partner and operator Blue Star Helium is preparing to drill the intermediate hole section targeting the Lyons Sandstone formation, with the target depth planned within the Upper Lyons formation gas reservoir. Helium One […]
JOG extends Buchan licence to 2027
Jersey Oil & Gas plc’s joint venture has secured a further 24 months to the second term of its North Sea licence P2498 to complete the field development plan for the Buchan field. CASH The company estimates the Buchan field contains gross discovered oil and gas resources of approximately 70 MMboe (95% oil). Project partners, […]
Kistos grants 1.7m incentive share awards
Kistos Holdings plc has granted a total 1,691,639 ordinary shares, including 1,427,124 to executive directors, in accordance with its 2021 equity incentive plan. DIRECTORS Under the long term incentive plan, executive chairman Andrew Austin received awards over 543,666 shares. Chief executive officer Peter Mann received 475,708 awards and chief financial officer James Thompson 407,750. The […]