Mosman Oil and Gas Ltd (AIM:MSMN) said it expects seismic acquisition to start on its EP-145 licence in the Amadeus basin in central Australia early in 2025.
An Environmental Management Plan for the Wildhorse 2D seismic project was submitted on 26 November 2024 and Mosman anticipates approval approximately 30 days from submission, subject to receipt of the AAPA heritage certificate which was requested in March 2024.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said drilling at its Galactica-Pegasus development project in Colorado, US, has been suspended until the New Year due to severe weather conditions.
Operator Blue Star Helium Ltd (ASX:BNL, OTC:BSNLF) said ground conditions currently won’t allow construction of well sites or access to roads at Galactica locations.
HeLIX Exploration PLC (AIM:HEX) shares rallied more than 16% on Thursday in response to a “company-making” commercial helium discovery in Montana.
The discovery, located in Helix’s Darwin #1 well at the Rudyard Project, logged commercial flow rates of 2,750 thousand cubic feet per day (Mcf/d) of raw gas on a 40/64" choke.
Sunda Energy PLC (AIM:SNDA)’s wholly owned subsidiary SundaGas Banda Unipessoal has signed a Memorandum of Understanding (MOU) with the Government of Timor-Leste for the potential development of Chuditch PSC gas resources.
The MOU establishes a framework for evaluating the development of Chuditch gas, including potential pipeline export to the Bayu Undan field and onward transmission to LNG facilities on Timor-Leste’s south coast.
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has secured new leases in Alaska through its subsidiary, Captivate Energy Alaska..
The company won bids for four additional blocks next to its existing Project Leonis holdings. The new properties cover 10,203 acres, increasing the 88E's total area to 35,634 acres.
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has been declared the highest bidder for new licence blocks immediately adjacent to its Project Leonis acreage in Alaska.
Subsidiary Captivate Energy Alaska bid on the four blocks, which cover an area of 10,203 acres and will expand Project Leonis' footprint to fourteen (14) leases covering approximately 35,634 contiguous acres.
HeLIX Exploration PLC (AIM:HEX) has announced a 'company-making' commercial helium discovery from the Darwin #1 well at the Rudyard project in Montana.
Testing of the Souris and Red River reservoir horizons confirmed high-grade (1.1%) helium with the balance primarily nitrogen.
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) told investors it has identified ten new potential exploration targets onshore Namibia.
The exploration company, in a statement, has today announced the initial results from its seismic data analysis at Petroleum Exploration Licence 93 (PEL 93) in the Owambo Basin, Namibia.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) told investors it has made a hydrocarbon discovery at the Megrez-1 well, on the Ahpun field on Alaska's North Slope.
Megrez-1 encountered multiple zones of light liquid hydrocarbons over a 1,260-foot vertical interval, it said. Preliminary analysis confirms hydrocarbon-bearing zones across three formations, with porosities above 20%.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF)'s executive chair David Hobbs highlighted “extraordinary progress” as the Alaska-focused oil junior reported its financial results statement.
Specifically, he pointed to three key areas of progress.
Sunda Energy PLC (AIM:SNDA) has signed up a rig for its planned appraisal well at the Chuditch field, offshore Timor-Leste, where drilling is slated for the second quarter of 2025.
It has inked a non-binding Letter of Intent (LOI) with an international drilling contractor, for the use of a jack-up rig.
Plexus Holdings PLC (AIM:POS) chairman Ben Van Bilderbeek told shareholders he was delighted with the 'significant improvement 'in financial performance at the oil and gas wellhead services business in the year to June 2024.
“Important developments, including the delivery of a major special project and signing a licensing agreement with the global oilfield services leader, SLB," he said.