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The Markets
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The Markets
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Proactive news headlines: Evgen Pharma, Oriole Resources, Helium One and more

Mosman Oil and Gas Ltd (AIM:MSMN) confirmed its progress drilling the Cinnabar-1 well in Tyler County, Texas.

The drilling is continuing as planned, presently down at a depth of 7,083 feet towards its primary targets near target depth of 9,000 feet.

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Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) has confirmed the completion of its acquisition of oil and gas assets in Utah, in the Paradox basin, enhancing its position in the project.

The acquired assets include 21 miles of natural gas gathering lines, the Powerline Road gas processing plant, five existing well bores and additional acreage (partly contiguous to the company's White Sands Unit, WSU).

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Helium One Global said the engineering audit on its preferred drilling rig for the phase II drilling programme at Rukwa in Tanzania has been completed.

Aberdeen Drilling Consultants has signed off the rig as being fit for purpose, the company said.

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Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) has announced that director Melanie Little is resigning from the company's board with effect from December 31, 2022, due to other commitments.

Little, who has been a member of the board since 2019, “is leaving the board in good standing and on amiable terms”, the company said in a statement.

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Power Metal Resources PLC (AIM:POW) announced the appointment of Owain Mortan as its new non-executive director, adding to the company’s geological and technical skillsets.

Panthera Resources PLC (AIM:PAT), in a statement, detailed that an issue of equity originally anticipated on 12 October as part of its recently announced equity funding, is now expected to take place on 18 October.

88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) issued two short statements – one announcing that a new presentation is now on its website, and, one giving notice for its AGM to take place on 11 November in Perth, Western Australia.

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL)chief executive Mark Learmoth has purchased 2,805 depositary interests, representing the same number of shares, at a price of 891p per share, increasing his stake in the company to 1.33%.

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