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 […]
Tag: USA
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 […]
Helium One confirms free gas at Jackson-2
Helium One Global Ltd has confirmed free gas by wireline logs in the Jackson-2 development well at the Galactica farm-in project in Las Animas County, Colorado, USA. TIE-IN Partner and operator Blue Star Helium drilled to a total depth of 1,232ft (375m) with the well flowing naturally during drilling and in line with the previously […]
Ascent issues 36m shares for US licences
Ascent Resources plc has issued 36,199,000 new ordinary shares, each of 0.5 pence nominal value, at 5 pence per new share in relation to its 49% purchase of US oil and gas licences. The 119,000 acres of helium-rich licences lie within the Paradox Basin across Utah and Colorado. The issued shares are payment to operator […]
Union Jack-Reach spud Moccasin 1-13 well
Union Jack Oil plc’s joint venture partner has spudded the Moccasin 1-13 well, located in Pottawatomie County, Oklahoma, USA. ZONES Operator Reach Oil and Gas Company Inc will drill the well, the partnership’s fourth, to a target depth of 5,500 feet. Union Jack, with a 45% working interest, said it had already met its costs […]
Ascent acquires 49% in Utah-Colorado licences
Ascent Resources plc has acquired a 49% interest in 119,000 acres of helium-rich oil and gas licences in the Paradox Basin across Utah and Colorado, USA. ZONES The US$2 million acquisition, supported by a $475,949 fundraise at a 203% premium, is from Houston-based operator American Helium LLC. Ascent will pay $1.75m with 27,650,000 new Ascent […]