The Directors of MEC Resources Limited (ASX:MMR) are pleased to announce a number of significant developments which are now in progress to facilitate paving the way forward for the Company, the aim of which is to create long term value for MEC and its shareholders.
Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) has signed agreements for the sale of 3.5 PJ of gas and a 12-month extension to its existing finance facility with Macquarie Bank Limited.
Tamboran Resources Limited is pleased to announce another successful test result of the Tanumbirini 1 vertical frac and flow test with Santos QNT Pty Ltd in the Beetaloo McArthur Basin. Santos Ltd (ASX:STO) is the Operator of EP 161 with a 75% working interest and Tamboran holds 25% working interest.
Vintage Energy Limited (ASX:VEN) advises that the partially underwritten non-renounceable entitlement offer has completed with $8.9 million raised. Along with the $3.1 million raised via the institutional placement, a total of $12.0 million has been received to fund upcoming projects targeting first production and cash generation.
Vintage Energy Ltd (ASX:VEN), the operator of the ATP 2021 joint venture (Vintage 50%, Metgasco Ltd 25% and Bridgeport (Cooper Basin) Pty Ltd 25%) is pleased to provide an update on activities relating to the Vali gas field.
Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to provide shareholders with an operational update on its 100% owned and operated Carpentaria-1 exploration well in EP187, located on the eastern side of the Northern Territory's Beetaloo Sub-basin.
State Gas Limited (ASX:GAS) advises that it has engaged a drilling contractor for its upcoming drilling campaign, entering into a Letter of Intent with Silver City Drilling Pty Ltd for that company's Rig 25 to drill at least four production wells.
