The energy company has completed the acquisition of mature oil and gas assets in the Rocky Mountain region, adding production and reserves. The company also divested a portion of the newly acquired assets.
The oil and gas company updates on its Paradox Basin project and a proposed acquisition of production assets in the Rocky Mountain region.
The energy company has announced changes to its major shareholders.
The energy company announces progress on its Paradox project in Utah, including successful production testing and plans for gas infrastructure. It also proposes to acquire working interests in producing assets in the Rocky Mountain region.
The energy company has raised £0.7 million through a Director Subscription, providing additional funding to support its operations.
The oil and gas explorer reported widening losses and faces significant challenges due to volatile commodity prices and development risks in its key projects. Material uncertainties remain regarding future financing and operational success.
The energy company has announced a change in its major shareholding structure.
The energy company has raised £10.5 million through an oversubscribed placing, but at a 20% discount to the previous share price, suggesting low investor appetite.
The energy company is seeking to raise around £10 million through a discounted equity placing to fund an acquisition and project development.
The energy company reports positive initial results from its Paradox Basin project, while its Williston Basin assets continue to generate cash flow despite temporary production impacts.