SOLD! Congrats to our client, Contango Resources on the sale of their Operated Northwest Shelf Assets to Riley Exploration Permian, Inc.. It was a pleasure working with both top-notch companies. For more information, contact: [email protected]
Detring Energy Advisors’ Post
More Relevant Posts
-
Helix Exploration PLC (AIM:HEX) chairman David Minchin joined Proactive's Stephen gunnion with details of the company's acquisition of the Rudyard project in Hill Country, Montana. Minchin shared details of this major helium project, highlighting that the acquisition cost was $250,000, with 60% paid in shares. "This is an acquisition of a proven discovery with helium in its flowed helium gas to the surface, 1.3% helium with good flow rates. It has contingent resources of about half a billion cubic feet," said Minchin. He emphasized the project's potential, stating the in-situ value of the helium is approximately $250 million. Minchin also discussed Helix's diversification strategy, aiming to establish two production hubs by 2025, which would enhance their leverage in negotiating debt finance and ensure a consistent supply for end users. He noted the company's fully funded drilling and appraisal plans, supported by an... Watch at #Proactive #ProactiveInvestors http://ow.ly/UU7f105xv0u
Helix Exploration's strategic expansion into Rudyard area of Hill County, Montana
proactiveinvestors.co.uk
To view or add a comment, sign in
-
Elevation Resources ranks #130 in wells drilled in 2023 with 17 wells drilled in the US. Download the 2023 drilling report. https://lnkd.in/gKQdt6sX
To view or add a comment, sign in
-
Golden Arrow Resources Corporation (TSX-V:GRG, OTCQB:GARWF) reported that it has granted Sociedad de Servicios Andinos SpA (SSA) the option to acquire a significant stake in the San Pietro project in Chile. New Golden Explorations Chile SpA (NGE), its wholly-owned subsidiary, had granted SSA the option to subscribe for 333 shares in the capital of NGE, amounting to approximately 25% of the issued and outstanding shares upon exercise of the option. The company received conditional approval of the transaction from the TSX Venture Exchange in January 2024 and subsequently, NGE received a total of US$616,817 in cash option payments from SSA. SSA is obligated to conduct drilling services at the San Pietro project, for which they have procured a new diamond drilling rig along with other necessary equipment and personnel. More at #Proactive #ProactiveInvestors #TSXV #OTCQB #GRG #GARWF #Gold #Copper #Cobalt #BatteryMetals #CriticalMinerals http://ow.ly/12NN105pcJi
Golden Arrow reveals progress with San Pietro option agreement
proactiveinvestors.com
To view or add a comment, sign in
-
Evergold Corp. (TSX-V:EVER, OTC:EVGUF) has successfully completed its inaugural drilling program at the road-accessible DEM prospect in central British Columbia, and CEO Kevin Keough is cautiously optimistic about the results. In an interview with Proactive's Steve Darling, Keough highlighted the success of the program, acknowledging the inherent risks while expressing confidence in the chosen prospect. Proactive: We're talking about your drill program at the DEM prospect in British Columbia. It's been completed. Let's get some details. It was pretty successful, I understand. More at #Proactive #ProactiveInvestors http://ow.ly/VKOV1053jBE
Evergold hoping for "great 2024" after maiden drilling campaign at DEM prospect
proactiveinvestors.com
To view or add a comment, sign in
-
Helix Exploration PLC (AIM:HEX) CEO Bo Sears joined Proactive's Stephen Gunnion from the Ingomar Dome project in Montana, where drilling has just commenced. Sears highlighted the current progress, including the successful setting of surface casing and the ongoing drilling towards a total depth of 8,000 feet. The conversation also covers the significance of Ingomar Dome, which is part of a two-well drilling program for the quarter, and the potential it holds, especially in terms of helium exploration. Sears explains, "These processing facilities are very bespoke creatures. We need to know the precise composition of the gas in order to design, to plan around it." The discussion also touches on future plans at the Rudyard project, where the company will continue its efforts in Northern Montana. Watch at #Proactive #ProactiveInvestors http://ow.ly/kI0C105FAii
HeLIX Exploration CEO Bo Sears on-site at Ingomar Dome as drilling gets underway
proactiveinvestors.co.uk
To view or add a comment, sign in
-
An increase in ownership by large publicly traded energy companies in the Permian is driving their smaller peers to look for acquisitions in less-favored areas, creating sale opportunities for private-equity sponsors. Private-equity firms specializing in energy have secured a number of the largest exit deals in the Permian in recent years, but have found it more difficult to sell assets in less-popular areas, industry analysts said. SM Energy’s operations today are concentrated in the Midland Basin, a subregion of the broader Permian in West Texas, and the Eagle Ford shale region in South Texas.
Private-Equity Exit Wave Surges Past the Permian Basin Oil Patch
wsj.com
To view or add a comment, sign in
-
QUARTER HIGHLIGHTS 👀🎯 From extensive drilling to acquiring new assets, the March quarter has been busy for Winsome Resources. Catch up on all the details that will see the Company move from explorer to producer with its world-class Adina Lithium Project. Read the full report here 👉 https://lnkd.in/gCJWrDx8 #ASX #quebec #lithium #quarterlyreport
To view or add a comment, sign in
-
-
Artemis Resources (ASX:ARV) Ltd (AIM:ARV, OTCQB:ARTTF) managing director George Ventouras joins Jonathan Jackson in the Proactive studio to discuss upcoming drilling programs at the Mt Marie #lithium and Lulu Creek #gold projects in Western Australia. A heritage survey over the project areas is set to commence on July 3 to address any uncleared regions, facilitating the regulatory clearance necessary for drilling operations. Ventouras highlighted the high prospectivity of the Lulu Creek and Mt Marie projects for their respective resources. Following the completion and reporting of these surveys, the drilling of these targets will proceed. Mt Marie's potential is supported by multiple rock chip assays showing over 4% lithium oxide, comparable to Azure Minerals Limited (ASX:AZS, OTC:AZRMF)’s Andover project, which has an exploration target of 100 to 240 million tonnes at 1% to 1.5% lithium oxide. Watch at #Proactive #ProactiveInvestors #LithiumMining #BatteryMetals #CriticalMinerals #GoldMining https://lnkd.in/eQiaDWpn
Artemis Resources advances toward drilling at Mt Marie and Lulu Creek
https://www.youtube.com/
To view or add a comment, sign in
-
M&A keeps coming thick and fast in the Permian Basin of Texas and New Mexico, putting more of the prolific US tight oil play's resources in the hands of just a few big producers. In the latest transaction, Texas independent Diamondback Energy is acquiring privately held Endeavor Resources, which will make it the play's third-largest producer — and largest "pure play" — once the deal goes through. Notably, the Permian's leading operators are forming different strategies regarding production growth in response to investor demands. Majors Chevron and Exxon Mobil are leading the charge, while ConocoPhillips targets modest increases, yet Diamondback and Occidental Petroleum intend to hold the line. Regardless of approach, the Permian's ample supply of $40-$60 per barrel breakeven drilling locations leaves plenty of money to be made... Learn more >> https://bit.ly/49kqzaM #MandA #Permian #tightoil #corporatestrategy #DiamondbackEnergy #Endeavour #Chevron #ExxonMobil #ConocoPhillips #Occidental #competitiveintelligence
Diamondback Deal Highlights Permian Growth Dividing Line
energyintel.com
To view or add a comment, sign in
-
A Super Bowl game for the ages followed by a made-in-heaven combination of two of the largest, most admired E&Ps in the super-hot Permian? It doesn’t get any better than this, unless you’re a Taylor Swift fan too — in which case, it may be impossible to “shake it off.” In today’s RBN blog, we examine the plan by Diamondback Energy and Endeavor Energy Resources to combine into a giant Permian pure play with more than 800 Mboe/d of production and 6,000 locations with breakevens of $40/bbl or less. https://lnkd.in/gxfnBS7j
You Belong With Me - Diamondback/Endeavor Duo Challenges Taylor and Travis for Couple-of-the-Year Honors
rbnenergy.com
To view or add a comment, sign in
Leadership | SaaS | Results
3moExcellent work.