Investment bank Liberum described Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF)'s drill stem test (DST) results from its asset in Tanzania as highly encouraging, though it also noted these are "early days" in the process of unlocking the potential of the project.
The hotly anticipated update on the Itumbula West-1 well measured a minimum flow rate of 0.5 million cubic feet per day, with a helium concentration of 4.7%.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has provided a hotly anticipated update on its operations in Tanzania, where it says that the drill stem test (DST) of the Itumbula West-1 well has measured a minimum flow rate of 0.5 million cubic feet per day, with a helium concentration of 4.7%.
The company now intends to carry out a more extensive and detailed extended well test (EWT) on the same well in the third quarter of 2024.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) rose another 3% as it confirmed it is in discussions with stakeholders about the supply of natural gas to consumers in south central Alaska.
In a short statement, Pantheon added that there is no guarantee that these discussions will lead to definitive agreements and the company's planning basis continues to rely upon the reinjection of all hydrocarbons that cannot be exported through the Trans-Alaska Pipeline System (TAPS) main oil line.
Lloyds, Nvidia, Rolls Royce and Helium One Global were some of the most bought stocks in February, according to Interactive Investor.
Helium One Global was the most bought stock during the month, with shares in the gas explorer having jumped around 720% since the start of the year.
Mosman Oil and Gas Ltd (AIM:MSMN) is continuing its preparations for exploration in Australia, today telling investors it has committed to the acquisition of long lead items essential for seismic exploration.
It follows the recently announced partnership agreement with Greenvale, which is awaiting ministerial approval.