Sunda Energy PLC (AIM:SNDA) earlier this week advanced its project in Timor-Leste, where it signed a memorandum of understanding (MOU) with the Ministry of Petroleum and Mineral Resources for the development of the Chuditch gas field.
Chief executive Andy Butler joined the Proactive studio to talk about this milestone.
Mosman Oil and Gas Ltd (AIM:MSMN) told investors that it has secured a key approval for the Coyote Wash project, part of the Four Corners area in Colorado.
The company, in a statement, said it had secured Tribal Council approval from the Ute Mountain Ute Tribe to lease 4,320 acres covering the project area.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) has secured funding for the extended lateral drilling of the State 36-2R LNW-CC well at its Paradox Basin project in Utah.
It is receiving $7.5 million from a US-based industry investor, in exchange for a 50% non-operated working interest in the well. The funding does not involve any issuance of equity or debt.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) said on Tuesday it has successfully reached target depth at its Alberta Llanos-1 (AB-1) exploration well on the Tapir Block in Colombia's Llanos Basin, following drilling with the contracted Petroworks rig.
The well, which was spud at the end of November, reached a measured depth of 9,960 feet on December 13, targeting a large, three-way fault-bounded structure with multiple reservoir objectives.
Quadrise PLC (AIM:QED)'s latest fuel trial news is another "highly encouraging" milestone, according to analysts at stockbroker Shore Capital, which reckons the alternative fuel firm could more than double in value as it advances towards commercialisation.
The London-listed small-cap is among the top performers in the second half of 2024, with the shares up some 190% in the past month as key deals show progress.
Quadrise PLC (AIM:QED) shares moved higher again on Monday, after the alternative fuels firm announced an agreement with Sparkle Power SA, a thermal power producer in Colón, Panama, to test the firm’s MSAR and bioMSAR fuels at the 50MW El Giral power plant.
Changing hands at 4.59p, Quadrise shares are up some 190% over the past month.