Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) told investors it is continuing to review a number of alternative rig options, should contractor SOFORI not fulfil its obligations in Tanzania.
It comes after neighbouring operator Noble Helium announced it had withdrawn from its contract with SOFORI and signed up an alternative contractor – Britain’s Marriott Drilling Group which is expected to mobilize an identical rig to Tanzania later this month.
Quadrise PLC (AIM:QED) has launched a placing and open offer to raise at least £1mln ahead of expected first commercial revenues from its lead projects.
Priced at 1.25p per share, both placing and offer will raise no more than £3.25mln.