Sintana Energy (TSX-V:SEI, OTCQB:SEUSF) is counting down to the start of drilling in the PEL83 licence, offshore Namibia, with its first well slated to spud in mid-November.
The contracted Hercules drill rig is en route, in transit along the coast of West Africa, and is expected to reach Walvis Bay on or about 4 November.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) chief executive Jay Cheatham highlighted that the company’s three core objectives were successfully achieved by its re-entry of the Alkaid-2 well in Alaska and a subsequent flow test of the Shelf Margin Deltaic B (SMD-B) horizon.
The testing is now completed and the company told investors the results have validated the well’s revised frac design.
American Rare Earths Ltd (ASX:ARR, OTCQB:ARRNF) shares were trading about 8% higher intra-day after revealing a 28.5% increase in recovery of neodymium and praseodymium oxide (NdPrO) from its flagship Halleck Creek Project in Wyoming.
The metallurgical testing program, performed under the direction of John Wood Group PLC (LSE:WG.), indicates the ore can be effectively processed using conventional technologies that not only require less initial capital expenditure but also provide lower ongoing operating costs.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) has told investors it plans to advance the Paradox project in Utah through redrilling at the original State 36-2 site to deliver a "twinned" well.
It follows the previously reported "well control incident" earlier this year.
Mosman Oil and Gas Ltd (AIM:MSMN) has entered into a farm-in agreement with Greenvale Gold Pty Ltd, a wholly-owned subsidiary of Greenvale Energy Ltd, for its EP 145 asset in the Northern Territories of Australia. Andy Carroll, the CEO of Mosman, spoke to Thomas Warner to shed light on this pivotal agreement and the company's plans.
Thomas Warner: Can you provide an overview of the farm-in agreement for the EP 145 asset in the Northern Territories of Australia?
Analysts at Auctus Advisors have initiated coverage on Sintana Energy (TSX-V:SEI, OTCQB:SEUSF) with a target price of C$0.90, representing an upside to its stock price at the time of writing of 221%.
The analysts believe that the C$75 million market cap, TSX-listed explorer provides unique exposure to the Orange Basin, offshore Namibia.
Mosman Oil and Gas Ltd (AIM:MSMN) has agreed a farm-in deal for its EP 145 project in Australia’s Northern Territory with Greenvale Gold.
Greenvale can earn up to a 75% stake in the project through the payment of A$160,000 cash, paying for A$2 million of seismic as part of a work programme and a well with costs capped at A$5.5 million.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) told investors drilling was back underway in Tanzania after a rig repair, with the Tai-3 well programme resuming progress down to its planned depth of 1,100 metres.
Drilling resumed at 14:00 BST on Sunday 15 October, the company confirmed.
Tamboran Resources Ltd (ASX:TBN, OTC:TBNRF) has achieved an operational landmark in exploration permit EP 98 with the Amungee NW 3H (A3H) well, reaching a total depth (TD) of 3,837 metres in an unprecedented 17.9 days, setting a new record in the Beetaloo Basin.
The technological edge, accelerated by the advanced FlexRig® Flex 3 Rig from Helmerich & Payne, Inc. (NYSE:HP), enabled the company to complete the A3H well 20 days faster than its Amungee 2H predecessor.