Alba Mineral Resources plc has raised £75,000 before expenses by placing 600 million new ordinary shares each at 0.0125 pence to an institutional investor. Following admission, the company’s ordinary shares in issue will total 11,541,721,949, with none held in treasury. Alba’s assets include the Dolgellau gold belt, including the historic gold mines of Clogau-St David’s […]
Tag: oil and gas
Helium One offered mining licence for Rukwa
Helium One Global has been offered a mining licence for its southern Rukwa project in Tanzania. FLAGSHIP The licence would cover approximately 480km2, encompassing all of the project in the Momba, Sumbawanga Districts in the southern Rukwa Basin. The area is “significantly” larger than a standard mining licence area for conventional mining practices, noted the […]
Helium One confirms free gas in Jackson-31
Helium One Global Ltd’s joint venture has confirmed free gas after drilling the Jackson-31 well at the Galactica project in Las Animas County, Colorado, USA. COLUMN Operator and partner Blue Star Helium drilled to total depth of 1,210 ft (368.8m) measured depth with the well flowing “naturally during drilling” and at TD, demonstrating “strong” reservoir […]
Serica extends OFAC licence for Rhum
Serica Energy plc has secured a two-year extension to its OFAC licence and secondary sanctions assurance relating to the Rhum field in the UK Northern North Sea. BENEFIT The licence and assurance permit certain US and US-owned or controlled entities, and all non-US entities, to continue providing goods, services and support to the field. Issued […]
Union Jack-Reach confirm Moccasin discovery
Union Jack Oil plc reported the commercial discovery of a “significant” oil producer of the joint venture Moccasin 1-13 well located in Pottawatomie County, Oklahoma, USA. ZONES The company holds a 45% working interest while operator Reach Oil & Gas Company Inc owns 55%. The Moccasin structure is a compressive feature associated with the regional […]
Corcel welcomes production in IRAI field
Corcel plc said that sustained gas production at 20,000m³ a day had been confirmed from the EI-1 well in the IRAI field in the state of Bahia, Brazil. DECISION Operator Petroborn Óleo e Gás S.A. re-entered the well to test the gas zone at 417m and is currently connecting it to existing gas production infrastructure […]