The oil and gas explorer has acquired a 32.5% interest in additional acreage in the Fouke area, enabling a potential sidetrack of the Allar #1 well and the return to production of two shut-in wells.
The energy company has announced a change in its major shareholding structure.
The oil and gas exploration company reports the results of the Allar #1 well, which did not find a commercial hydrocarbon accumulation.
The energy company has raised £500,000 through a share placing to fund a Bitcoin mining operation, but the 29% discount to the previous share price suggests weak investor demand.
The oil and gas exploration company will be presenting at an investor forum in London.
The oil and gas company has begun construction at the site of its upcoming Allar #1 well, a key development project in Texas.
The oil and gas exploration company has selected a drilling rig to begin work on a new well in Texas, which could boost production if successful.
The oil and gas explorer reported widening losses and declining revenue for H1 2025, despite a slight increase in production. Cash reserves dwindled as the company pursues risky new ventures.
The energy company has signed an agreement with a Bitcoin custodian and trading platform provider to support its plans to monetize gas production through a Bitcoin mining operation.
The oil & gas exploration company has announced a heavily discounted share issuance, suggesting it is in financial difficulty and facing low investor appetite.