Tower Resources PLC (AIM:TRP) has notified investors of a £137,500 investment in the company, including by its chief executive Jeremy Asher.
Via subscription, some 1.195 million shares priced at 0.0115p, a 4% discount, are being bought by Asher and another investor.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) told investors it has successfully completed drilling the State 36-2R well, at its flagship project in the Paradox Basin, Utah, with the well's initial results indicating the presence of hydrocarbons.
Initial analysis of the drilling data indicates the presence of hydrocarbons within a large structural compartment in Zephyr's acreage, the company revealed.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has entered into a gas sales precedent agreement (GSPA) with a subsidiary of the Alaska Gasline Development Corporation (AGDC).
The GSPA envisages that Pantheon will supply up to 500 million cubic feet per day of natural gas at a base price of $1 per million BTU.
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) told investors it has now completed its maiden resource estimate for the Project Leonis area, in Alaska, with some 381 million barrels of recoverable ‘net mean Prospective Resources’ estimated.
The range of estimates was pitched between 167 million (low) to 671 million (high) barrels.
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has closed a $610 million (£479 million) asset-backed securitisation refinancing.
Net proceeds of $592 million will repay ABSIII and ABSV notes and reduce borrowings under the revolving credit facility.
Tower Resources PLC (AIM:TRP), the Africa-focused energy company, highlighted key operational updates in Cameroon and Namibia in its full-year results for the 12 months ending 31 December.
In Cameroon, Tower Resources has applied for a one-year extension of the initial exploration period of its Production Sharing Contract (PSC) following positive discussions with Cameroon's Minister of Mines, Industry and Technological Development.
Mosman Oil and Gas Ltd (AIM:MSMN) leapt 16% after the junior made its first significant move towards building a global helium-focused portfolio.
The group has an asset in Australia where it has started to explore for the gas, but today it announced it had acquired a 10% working interest in a prospect in Colorado, US.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF), the oil and gas company, said drilling at the final section of its State 36-2R well will commence soon at its project in the Paradox Basin Utah.
It comes after an 8 ½ inch section reached a planned depth of 10,084 feet, after which a 7-inch casing string was set and cemented.
Mosman Oil and Gas Ltd (AIM:MSMN) has acquired a working interest (WI) in a helium project in Las Animas County, Colorado, in a first move to expand its helium portfolio.
Through the deal, Mosman will acquire a 10% stake in an oil and gas project operated by private company Vecta, which will own the remaining 90% WI.