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Proactive Oil and Gas highlights: Zephyr Energy, Union Jack Oil, Pantheon Resources...
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Proactive Oil and Gas highlights: Zephyr Energy, Union Jack Oil, Pantheon Resources...

Last updated: 07:45 15 Jun 2024 BST, First published: 07:39 15 Jun 2024 BST

Gas pipes
13 Jun 2024

Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) shares traded positively on Thursday morning, up 2% at 18.75p, after its partner in the West Newton project published a new report.

The company owns a 16.665% interest in West Newton, where partner Reabold Resources?today published the findings of a new feasibility report ?that confirmed the technical and economic viability of an initial single well development plan for the gas field in Yorkshire.

13 Jun 2024

Empyrean Energy PLC (AIM:EME) told investors it has applied for an extension to Block 29/11, after the deadline for drilling a well passed.

The company did not start drilling a well before 12 June, as required under its terms with China’s state oil file CNOOC.

13 Jun 2024

Reabold Resources PLC (AIM:RBD) has published the findings of a new feasibility report which confirms the technical and economic viability of an initial single well development plan for the West Newton gas field, in Yorkshire.

Such a plan would accelerate production and cash flow with limited capital expenditure, the company noted.

12 Jun 2024

Mosman Oil and Gas Ltd's (AIM:MSMN) partner in the Amadeus Basin, Greenvale Energy Ltd (ASX:GRV, OTC:GVLMF) (ASX: GRV), has been awarded a A$100,000 co-funding grant.

It came via the NTGS Geophysics and Drilling Collaborations program, and, will be used to support the funding of an upcoming 2D seismic programme.

11 Jun 2024

Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) 's latest American foray, a deal to pick up a 45% working interest in the Rogers enhanced oil recovery (EOR) project in Seminole County, Oklahoma, has been welcomed by broker Shore Capital.

The deal is valued at US$105,000 and it comes without any additional 'promote' or back costs.

11 Jun 2024

Chariot Ltd (AIM:CHAR, OTC:OIGLF) ?said it is looking forward to resuming drilling in Morocco at Anchois (offshore) with new partner Energean in August after the recent gas discovery at Loukos (onshore).

Adonis Pouroulis, chief executive, added: ? "Since our last set of results we have progressed all of the assets that sit within our natural gas, renewables and green hydrogen pillars and, importantly, we have further de-risked each division of the business.

11 Jun 2024

Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has today revealed an expert opinion that said the Ahpun ‘topsets’ resource, on the west side of the Dalton highway, can be economically developed.

The Alaska-focused oil and gas company, in a statement, announced the results of an initial resource estimate for the western topset horizons in the Ahpun oil and gas field.

11 Jun 2024

Deltic Energy PLC (AIM:DELT) has withdrawn?from the Pensacola project due to its inability to secure a farm-out or alternative funding solution.

The company cited ongoing fiscal volatility and negative political rhetoric as significant challenges leading up to the July election, which damaged the proposition for potential new investors.

11 Jun 2024

HeLIX Exploration PLC (AIM:HEX) has passed another important milestone on the road to its first helium well, with drilling expected to get underway in the third quarter.

It did so by sharing with the market the results of an independent analysis, or scoping study,?of its assets along?Montana Helium Fairway.

11 Jun 2024

Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) has announced its latest American acquisition, with a deal to pick up a 45% working interest in the Rogers enhanced oil recovery (EOR) project in Seminole County, Oklahoma.

The operation comprises two production wells, Rogers and S&M, and an injector well, Coker.

11 Jun 2024

Tanzania-focused?explorer Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said it has?raised £8 million through the issue of 1.6 billion new shares at 0.50 pence each.

The fundraising was oversubscribed, demonstrating strong investor interest and comprised a placing and a direct subscription with the former bringing in £7.9 million.

10 Jun 2024

Mosman Oil and Gas Ltd (AIM:MSMN) has agreed the sale of its interest in Nadsoilco LLC, which owns a collection of oil assets in Texas, in a deal worth up to $1.75 million.

The sale is structured with an initial cash payment of $1 million and potential additional payments totalling $750,000, contingent upon future production rates.

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