Zak Mir interviewed Mendell Helium CEO Nick Tulloch regarding M3Helium’s new farm-in agreement with Scout Energy to advance helium resource development in Kansas’ Hugoton Gas Field.
Mendell Helium announced that M3 Helium Corp. has signed an exclusive farm-in and fixed-price helium agreement with Scout Energy Partners over 161,280 acres of the Hugoton gas field (“Leases”), one of North America’s largest natural gas fields.
Under M3 Helium’s agreement, the company can drill up to 200 wells across 160,000 acres in Kansas’ Hugoton Gas Field, with an initial commitment to drill at least 25 wells by March 2026.
Synergia Energy (AIM: SYN) finalized the farm-out of a 50% stake in the Cambay PSC to Selan Exploration, with a $20 million work programme now underway. A suitable workover rig and other equipment have been contracted for the initial two well workovers. The share price rose 8.42% to 0.0515p.
Helium One Global Ltd (AIM: HE1) has finalized its farm-in agreement with Blue Star Helium Ltd (ASX: BNL), securing a 50% stake in the Galactica-Pegasus helium project in Las Animas, Colorado.
Under the terms of the deal, Helium One will contribute $1.5 million towards the costs of six development wells, with drilling expected to begin in the fourth quarter of 2024.
Deltic Energy PLC (AIM: DELT) recently announced a significant gas discovery at its Selene prospect in the southern North Sea.
Chief Executive Andrew Nunn highlighted that the drilling results surpassed initial expectations, especially with regards to the reservoir’s porosity and permeability.
Empyrean Energy plc (AIM:EME) the oil and gas development company with interests in Indonesia and the United States, announced that it has conditionally raised £1.12 million (before costs) through direct subscriptions for, and a placing of, 1,120,500,000 new Ordinary Shares in the Company at a price of 0.1 pence per share
A retail offer to raise up to £250,000 on the same terms as the Placing and the Subscription (the “Retail Offer” and, together with the Placing and the Subscription, the “Fundraising”), will commence immediately following this announcement and is expected to close within three (3) days of its launch. Details of the Retail Offer will be announced separately.
Georgina Energy PLC (LON: GEX) informed investors that it is making progress on the Hussar helium and hydrogen project in Western Australia, moving towards a fully-funded drilling program.
Additionally, the company is advancing the Mt Winter project, also in Australia, where seismic data is currently being reprocessed.
Helium One Global Ltd’s (AIM: HE1) new Galactica Pegasus helium project in Colorado offers significant growth potential, according to Panmure Liberum analyst Ashley Kelty.
The company recently announced the completion of its farm-in agreement for the Colorado project, with multiple wells planned and drilling set to commence before the year’s end.
Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR) the helium project development company, provided an operational update on the Topaz Project in Minnesota, where site improvements have now been completed, paving the way for a step forward in the Company’s helium exploration and production strategy.
With the recent upgrades to site access, roadways, and drill pad setup, Pulsar is on track to deepen the Jetstream #1 well to further explore and unlock the resource potential at Topaz, marking a pivotal step forward in its strategy to address the growing global demand for helium.
AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce an agreement to deploy the first 45kVA H-Power System into Saudi Arabia with its exclusive distributor The Machinery Group LLC, trading as TAMGO (www.tamgo.com).
The 45kVA H-Power System comprises AFC Energy’s latest generation S Series 30kW fuel cell generator (“S30”), a harmonized 45kWh battery energy storage system (“BESS”), and a hydrogen pressure reduction station (“PRS”). This first 45kVA H-Power System will be used to complete operational localisation of the unit for usage in Saudi Arabia and to subsequently undertake piloting programs as part of TAMGO’s work with its wide portfolio of customers adopting zero emission generators in the region.
