Africa Oil Corp (TSX:AOI) has exposure to what chief executive Roger Tucker described as “a new fairway opportunity” amid TotalEnergies discovery in the Mangetti-1X well, offshore Namibia.
The Canadian firm has a material economic interest in the new discovery via its 31.1% shareholding in Impact Oil & Gas, which in turn holds a 20% stake in the TotalEnergies-led project.
Tower Resources PLC (AIM:TRP) shares raced higher after the company secured an extension to the first exploration phase for the Thali licence, offshore in Cameroon.
The extension moves the deadline to drill a well out to 4 February 2025, enabling the company to continue its funding process and execution of the NJOM-3 well.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) chief executive Colin Harrington told investors the team at the Paradox project seeks to expedite operations at site to allow drilling of the State 36-2R well as soon as possible.
The junior oil and gas firm, in a statement, gave a comprehensive update on its operations, focusing on its projects in the Paradox Basin, Utah, and the Williston Basin, in North Dakota.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has taken advantage of its soaring share price to raise £4.7 million at 1.5p per share.
At that price, the discount of the placing to the market close yesterday is around 30% but still around eight times higher than two weeks ago when Helium One hit target depth on its Itumbula West-1 well at Rukwa.
An AIM-listed explorer brushed shoulders with domestic favourites Lloyds and Rolls and global behemoths Tesla and Nvidia among the most popular shares among UK investors last month.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) was the top pick among DIY investors on the Interactive Investors platform in January, and in the top half of the table on the AJ Bell platform, two of the three largest investment supermarkets in the country.
Quadrise’s collaboration agreement with Cargill and MAC2 Solutions for its upcoming alternative ship fuel trials is "highly encouraging", says house ShoreCap.
Cargill is a global US$177bn revenue business and this update is a significant step in Quadrise’s journey to commercialising its fuels, said the broker.
Quadrise PLC (AIM:QED) has signed up Cargill, a major supplier of renewable biofuels, and MAC Solutions (MAC2), part of Group Machiels, to produce its MSAR and bioMSAR alternative ship diesel for their forthcoming trials.
Under the collaboration agreement, the trials will be carried out using Quadrise equipment installed at the MAC2 facility in Antwerp.
Chariot Ltd (AIM:CHAR, OTC:OIGLF) has received the green light for its environmental impact assessment (EIA) for its upcoming drilling campaign on the Loukos licence, onshore Morocco.
It brings the planned drilling a step closer, with the company aiming to start drilling before the end of the first quarter.
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has announced its well testing plans in Alaska are on track, with the securing of necessary permits.
The company, in a statement, said it has now begun operations in preparation of the flow test, including rig commissioning and the construction of the ice pad.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) chief exective Lorna Blaisse said downhole well testing has "clearly confirmed" the presence of a producing helium province in the Rukwa Rift Basin in Tanzania.
Results from the Itumbula West-1 well achieved a high helium flow to the surface, with concentrations reaching up to 4.7%, a figure nearly nine thousand times above background levels. Additionally, hydrogen was detected at a concentration of 2.2%, significantly surpassing background levels as well.