88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) told investors it is anticipating an independent third-party review of Project Icewine’s resource potential, informed by the nearby successes of Pantheon Resources PLC (AIM:PANR, OTC:PTHRF).
Pantheon has made a series of discoveries in an adjacent block with the Alkaid well, in 2019, and more recently the Talitha and Theta West wells which are undergoing testing in the current winter field season.
Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) is now ready to begin testing the Theta West after progress on Alaska’s North Slope slowed due to weather challenges.
The company, in a statement, meanwhile gave upbeat but incomplete results from the previously drilled Talitha well – which saw its latest test suspended in a blizzard and subsequently found results hampered due to a blockage in the well.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) shares have significant ‘upside’, according to broker Liberum, which reiterated its ‘buy’ recommendation on shares in the Tanzania-focused helium explorer and developer.
Liberum’s ‘buy’ note contained a 19p price target. In early afternoon trade the shares were changing hands for just 9.63p each.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF)’s exploration efforts in Tanzania has been backed up by a study at the University of Oxford and Durham University, which integrated data from last year’s programme at the Rukwa project.
The academic study, entitled 'The Principles of Helium Exploration', was published in the Petroleum Geoscience journal.
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has told investors that its Merlin-2 appraisal well remains on-track for spud, next week.
The company, in a stock market statement, said that the mobilisation of the Arctic Fox rig to the Merlin-2 appraisal well drilling location is now complete. On-site, pre-spud operations are continuing and now entering the final phase, it added.
Chariot Ltd (AIM:CHAR, OTC:OIGLF) has told investors that it has been formally awarded the Rissana offshore licence, in Morocco, which is an area that surrounds the offshore area of Chariot's Lixus licence, host to the Anchois gas field.
The company, in a statement, said that the award of acreage provides ‘material additional potential running room’ on-trend from Anchois.
Mosman Oil and Gas Ltd (AIM:MSMN) said it has been issued a Central Land Council (CLC) permit for the EP-145 prospect in the Amadeus Basin.
The oil exploration, development, and production company has been granted authority to enter and remain on Aboriginal land and/or community living areas for the area that is covered by EP-145, a permit area located in the Northern Territory of Australia.