Farmout agreement

American Noble Gas Provides Update on Recent Investments and Expansion into Helium Production

Retrieved on: 
Wednesday, November 9, 2022
Hugoton Gas Field, Private Securities Litigation Reform Act, Forward-looking statement, Farmout agreement, Natural gas, U.S. Securities and Exchange Commission, Annual report, Rocky Mountains, Sale, Internet, Hydrocarbon, Consultant, Oil, Mission statement, Company, Form 10-K, Producer gas, Property, Engineering, Security (finance), Acquisition, Helium, LLC

Lenexa, KS, Nov. 09, 2022 (GLOBE NEWSWIRE) -- American Noble Gas, Inc. (OTC-QB: IFNY) (“AMGAS” or the “Company”) announces that it has become one of the few United States publicly traded companies that is actually producing and selling helium gas from its Peyton 21-1 well and further confirmed that its initial production is generating positive cash-flow from its Hugoton Gas Field operations. The Company also provided operating results from its GMDOC, LLC investment that has exceeded its expectations in terms of operating income and earnings before interest, taxes, depreciation and amortization (“EBITDA”).

Key Points: 
  • The results confirm the potential of our Hugoton Gas Field assets while enjoying strong market natural gas prices, natural gas liquids prices, and our expansion into helium.
  • The farmout agreement covers drilling and completion of up to 50 wells, including the first production well drilled and completed in August 2022.
  • The Farmout Agreement also provides the partners with rights to take in-kind, and market its share of helium.
  • Therefore we will be able to market and sell the helium produced, at prevailing market prices, by taking its helium in-kind.

Argo To Participate in Sparky Oil Well

Retrieved on: 
Thursday, November 3, 2022
Well, Farmout agreement, CSE, Canadian Securities Exchange, Argo Gold Mine and Mill, AB, ARQ, SEDAR, Argo, Gold, Oil

Toronto, Ontario--(Newsfile Corp. - November 3, 2022) - Argo Gold Inc. (CSE: ARQ) (OTCQB: ARBTF) (XFRA, XSTU, XBER: A2ASDS) ("Argo Gold") is pleased to announce it has entered into a Farmout Agreement to participate in a horizontal Sparky Oil Well in the Lindbergh Area proximal to Lloydminster, Alberta.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - November 3, 2022) - Argo Gold Inc. (CSE: ARQ) (OTCQB: ARBTF) (XFRA, XSTU, XBER: A2ASDS) ("Argo Gold") is pleased to announce it has entered into a Farmout Agreement to participate in a horizontal Sparky Oil Well in the Lindbergh Area proximal to Lloydminster, Alberta.
  • Commented James Bell, VP Corporate Development of Argo Gold: "We are extremely excited about drilling an oil well with an experienced partner.
  • Argo Gold is also pleased to announce it has a Calgary office to increase its presence in the energy sector.
  • Information on Argo Gold can be obtained from SEDAR at www.sedar.com and on Argo Gold's website at www.argogold.com .

HNRC COMPLETES ACQUISITION OF INTEREST IN CUNNINGHAM ENERGY

Retrieved on: 
Tuesday, October 11, 2022
API, WDHI, Farmout agreement, COS, Natural gas, LLC, NYSE, NASDAQ, Hydrocarbon, Y/Y, Program, EUR, Private Securities Litigation Reform Act, NRI, EPS, HNRC, Company, Mineral, NAV, Acquisition, BOE, OTC, Matapedia Valley, Asset, OOIP, Risk management, Oil, Oil

HOUSTON, Oct. 11, 2022 /PRNewswire/ -- Houston Natural Resources Corp (OTC: HNRC) ("HNRC or the Company") announced today that it has completed the acquisition interest in Cunningham Energy, LLC effective September 19, 2022.

Key Points: 
  • HOUSTON, Oct. 11, 2022 /PRNewswire/ -- Houston Natural Resources Corp (OTC: HNRC) ("HNRC or the Company") announced today that it has completed the acquisition interest in Cunningham Energy, LLC effective September 19, 2022.
  • With this acquisition, the company further expands its interest in Oil, Natural Gas and Oil Field Services properties.
  • Cunningham Energy conducts operations and oil/gas interests in the Appalachian Basin with over 30,000 plus net acres of leasehold.
  • Cunningham Oilfield Services (COS), a division of Cunningham Energy, provides a variety of oilfield services and equipment within the Appalachian Basin.

American Noble Gas Announces Initial Flow Rates and Helium Concentration From its First Production Well in the Hugoton Field

Retrieved on: 
Thursday, September 22, 2022
Farmout agreement, Natural gas, Engineering, Property, Risk, Sale, LLC, Oil, Consultant, Growth, Form 10-K, Private Securities Litigation Reform Act, Helium, Electric Bond and Share Company v. Securities and Exchange Commission, Forward-looking statement, Hydrocarbon, Internet, Goal, Producer gas, Hugoton Gas Field, Security (finance), GLOBE, Rocky Mountains, Annual report, State, Venture, Mission statement, Lithium, Petroleum, Company

Lenexa, KS, Sept. 22, 2022 (GLOBE NEWSWIRE) -- American Noble Gas, Inc. (OTC-QB: IFNY) (“AMGAS” or the “Company”) announced initial results that confirm that it has become one of the few United States publicly traded companies that is actually producing and selling helium gas. The Company reported results that met its initial goals in terms of production forecasts and further confirmed that its initial production is generating positive cash-flow from its Hugoton Gas Field operations.

Key Points: 
  • The Company reported results that met its initial goals in terms of production forecasts and further confirmed that its initial production is generating positive cash-flow from its Hugoton Gas Field operations.
  • The helium concentration of our produced gas is approximating .5% which is accumulating in our account held by the processor and awaiting final sale.
  • The Hugoton Gas Field is a prolific natural gas and helium gas field located in the States of Kansas, Oklahoma, and Texas.
  • Helium is separated out as a byproduct from natural gas, from the Hugoton field, the Panhandle field in Texas, the Greenwood field in Kansas, and the Keyes field in Oklahoma.

American Noble Gas Provides Announces Commencement of Natural Gas and Helium Sales from its Initial Exploratory Well in the Hugoton Field

Retrieved on: 
Wednesday, August 17, 2022
Well, Helium, Electric Bond and Share Company v. Securities and Exchange Commission, Farmout agreement, Hydrocarbon, Rocky Mountains, Internet, Forward-looking statement, GLOBE, Property, Flow Rate Technical Group, Producer gas, Private Securities Litigation Reform Act, Natural gas, Oil, Hugoton Gas Field, LLC, Security (finance), National Register of Historic Places listings in Finney County, Kansas, Engineering, Company, Mission statement, Form 10-K, Venture, Pressure, JV, State, Annual report, Logic, Consultant, Petroleum, PSIA

Lenexa, KS, Aug. 17, 2022 (GLOBE NEWSWIRE) -- American Noble Gas, Inc. (OTC-QB: IFNY) (“AMGAS” or the “Company”) today announced that helium and natural gas sales have begun from its initial exploratory well relative to AMGAS’s participation in its previously announced farm-out agreement (the “Hugoton Farm-out Venture”) to develop oil and gas and brine interests in the Hugoton Gas Field in Haskell and Finney Counties Kansas. The initial well was successfully connected to the gathering system, on August 11, 2022, which marked the beginning of the flow of natural gas and helium for commercial sales. The success of our initial well under our exploration program may indicate the discovery of remaining reserves within the Hugoton Gas Field, which could reinvigorate the Hugoton Gas Field, the largest conventional onshore natural gas and helium field in North America.

Key Points: 
  • The success of our initial well under our exploration program may indicate the discovery of remaining reserves within the Hugoton Gas Field, which could reinvigorate the Hugoton Gas Field, the largest conventional onshore natural gas and helium field in North America.
  • The Hugoton Gas Field has previously been considered a depleted conventional gas field but our initial exploratory well results may serve to reinvigorate the entire Hugoton Gas Field.
  • About the Hugoton Gas Field:
    The Hugoton Gas Field is a prolific natural gas and helium gas field located in the States of Kansas, Oklahoma, and Texas.
  • Helium is separated out as a byproduct from natural gas, from the Hugoton field, the Panhandle field in Texas, the Greenwood field in Kansas, and the Keyes field in Oklahoma.

CORRECTION - Helium Evolution Announces $8.5 Million Financing and Proposed Farmout Agreement

Retrieved on: 
Thursday, June 9, 2022
Exercise, Farmout agreement, Warrant, Completeness, Company, Program, Offering, Marketing, TSX Venture Exchange, Peters, Broker-dealer, Probability, Three Block War, Private, Indian stock exchange, GLOBE, Interest, Acquisition, Helium, NAH, Expiration date, Expiry Date (miniseries), Calendar, Unit, Lithium, Security (finance)

Helium Evolution Incorporated (TSXV:HEVI) ("HEVI" or the "Company"), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, has entered into an agreement with North American Helium Inc. (NAH) with respect to a proposed farmout agreement (the "Farmout Agreement").

Key Points: 
  • Helium Evolution Incorporated (TSXV:HEVI) ("HEVI" or the "Company"), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, has entered into an agreement with North American Helium Inc. (NAH) with respect to a proposed farmout agreement (the "Farmout Agreement").
  • NAH is a private helium company which is engaged in the exploration, development, production, refining and marketing of helium in North America.
  • Pursuant to the Strategic Investor Private Placement, NAH will subscribe for 8.75 million Units for total gross proceeds of $3.5 million.
  • Helium Evolution is a Canadian-based helium exploration and production company holding the largest helium land rights position in North America among publicly-traded companies, focused on developing assets in southern Saskatchewan.

Helium Evolution Announces $8.5 Million Financing and Proposed Farmout Agreement

Retrieved on: 
Wednesday, June 8, 2022
Exercise, Farmout agreement, Warrant, Company, Program, Offering, Marketing, TSX Venture Exchange, Peters, Broker-dealer, Probability, Three Block War, Private, Indian stock exchange, GLOBE, Interest, Acquisition, Helium, NAH, Expiration date, Expiry Date (miniseries), Calendar, Unit, Security (finance), Lithium

CALGARY, Alberta, June 08, 2022 (GLOBE NEWSWIRE) -- Helium Evolution Incorporated (TSXV:HEVI) ("HEVI" or the "Company" ), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, has entered into an agreement with North American Helium Inc. (NAH) with respect to a proposed farmout agreement (the "Farmout Agreement").

Key Points: 
  • CALGARY, Alberta, June 08, 2022 (GLOBE NEWSWIRE) -- Helium Evolution Incorporated (TSXV:HEVI) ("HEVI" or the "Company" ), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, has entered into an agreement with North American Helium Inc. (NAH) with respect to a proposed farmout agreement (the "Farmout Agreement").
  • NAH is a private helium company which is engaged in the exploration, development, production, refining and marketing of helium in North America.
  • Pursuant to the Strategic Investor Private Placement, NAH will subscribe for 8.75 million Units for total gross proceeds of $3.5 million.
  • Helium Evolution is a Canadian-based helium exploration and production company holding the largest helium land rights position in North America among publicly-traded companies, focused on developing assets in southern Saskatchewan.

American Noble Gas Acquires Interests in Oil and Gas Leases in Southern Kansas Near the Oklahoma Border

Retrieved on: 
Thursday, May 19, 2022
Helium, Producer gas, Interest, Company, Engineering, Consultant, Natural gas, Private Securities Litigation Reform Act, L.L.C, Operating agreement, Hydrocarbon, Annual report, Securities & Exchange Commission of Pakistan, Electric Bond and Share Company v. Securities and Exchange Commission, Mission statement, Form 10-K, Internet, Farmout agreement, Hugoton Gas Field, Rocky Mountains, Partnership, Forward-looking statement, Acquisition, LLC, Security (finance), GLOBE, Oil, Bank

Lenexa, KS, May 19, 2022 (GLOBE NEWSWIRE) -- American Noble Gas Inc. (OTC-QB: IFNY) (“AMGAS” or the “Company”) is pleased to announce that it has acquired a 60.7143% in GMDOC, LLC, a Kansas limited liability company (“GMDOC”), which has previously acquired working interests in certain oil and gas leases (the “GMDOC Leases”) from Castelli Energy, L.L.C, an Oklahoma limited liability company (“Castelli”). The GMDOC Leases cover approximately 10,000 acres located in Southern Kansas near the Oklahoma border. The GMDOC Leases currently produce approximately 100 barrels of oil per day and 1.5 million cubic feet of natural gas per day on a gross basis.

Key Points: 
  • The GMDOC Leases cover approximately 10,000 acres located in Southern Kansas near the Oklahoma border.
  • The GMDOC Leases currently produce approximately 100 barrels of oil per day and 1.5 million cubic feet of natural gas per day on a gross basis.
  • GMDOC had acquired 70% of the working interests in the GMDOC Leases from Castelli.
  • GMDOC is managed by two other members Darrah Oil Company, LLC, a Kansas limited liability company, and Grand Mesa Operating Company, a Kansas corporation (the Managing Members) each of which also serve as the operating companies under the GMDOC Leases.

American Noble Gas Enters into a Farmout Agreement to Explore and Develop Natural Gas, Helium and Brine Minerals in the Hugoton Gas Field

Retrieved on: 
Wednesday, April 13, 2022
Well, Water, Pressure, Annual report, Farmout agreement, Natural gas, Consultant, Internet, Helium, Hugoton Gas Field, LLC, Electric Bond and Share Company v. Securities and Exchange Commission, Security (finance), Oil, JV, MRI, Producer gas, State, Private Securities Litigation Reform Act, GLOBE, Haskell County, Kansas, Iodine, Engineering, Form 10-K, Mission statement, Rocky Mountains, Company, Property, Magnesium, Bromine, Methane, Forward-looking statement, Otis, Hydrocarbon, Chase, Industry, Acquisition, Petroleum, Lithium, Industrial gas

Lenexa, KS, April 13, 2022 (GLOBE NEWSWIRE) -- American Noble Gas Inc (OTC-QB: IFNY) (“AMGAS” or the “Company”), an independent oil, gas and noble gas exploration and development company, announced today it has agreed to acquire a 40% participation in a farmout agreement (the “Farmout Agreement”) negotiated with a major, well respected, operator relative to its existing oil and gas and brine interests in the Hugoton Gas Field in Haskell and Finney Counties, Kansas. AMGAS will join with three other partners (collectively the “Hugoton JV and/or the “JV”). to explore for and develop oil and gas and brine reserves on the property covered by the Farmout Agreement.

Key Points: 
  • to explore for and develop oil and gas and brine reserves on the property covered by the Farmout Agreement.
  • The Hugoton JV will utilize existing infrastructure assets, including water disposal, existing brine stream, gas gathering and helium processing, as part of the Farmout Agreement.
  • The Farmout Agreement provides Hugoton JV with access to explore and develop helium and other noble gases as well as brine minerals in the Hugoton Gas Field.
  • About the Hugoton Gas Field:
    The Hugoton Gas Field is a prolific natural gas and helium gas field located in the States of Kansas, Oklahoma, and Texas.

HNRC TO ACQUIRE CUNNINGHAM ENERGY INTERESTS OF UP TO $100 MILLION

Retrieved on: 
Wednesday, March 23, 2022
Company, Private Securities Litigation Reform Act, COS, Natural gas, USD, NASDAQ, Farmout agreement, NYSE, Letter, SPAC, Recycling, Matapedia Valley, Program, PIPE, NRI, API, Mineral, Hydrocarbon, OOIP, Intention, Natural Resources, HNRC, British thermal unit, EUR, OTC, Acquisition, BOE, Oil, Petroleum

HOUSTON, March 23, 2022 /PRNewswire/ --Houston Natural Resources Corp (OTC: HNRC) ("HNRC or the Company") announced todaythat it has signed a Letter of Intent for a transaction with Cunningham Energy LLC ("Cunningham Energy").

Key Points: 
  • HOUSTON, March 23, 2022 /PRNewswire/ --Houston Natural Resources Corp (OTC: HNRC) ("HNRC or the Company") announced todaythat it has signed a Letter of Intent for a transaction with Cunningham Energy LLC ("Cunningham Energy").
  • Cunningham Energy conducts operations and oil/gas interests in the Appalachian Basin with over 30,000 plus net acres of leases.
  • Cunningham Energy was formed in 2008 and was a pioneer of shallow horizontal oil drilling in West Virginia starting in 2014.
  • Cunningham Oilfield Services (COS), a division of Cunningham Energy, provides a variety of oilfield services and equipment within the Appalachian Basin.