German domiciled, US focused private helium E&P company NASCO will acquire the remaining 20% interest in the DBK field in Arizona. The acquisition will make NASCO the sole 100% working interest (WI) owner in the field. Concurrent with this acquisition NASCO has also increased its WI position in the Boundary Butte Field in Utah from 75% from 60%. Along with the increase in ownership in the fields, NASCO also now controls 100% of the operating company Capitol Operating Group, LLC. The discounted value of the minimum purchase contracts is >€200mm.
top of page
Search
Recent Posts
See AllMAX Power Mining appointed Mansoor Jan as its new CEO, effective immediately. With 18 years of experience at major firms like BHP and Rio...
Blue Star Helium finalised a farm-out agreement granting Helium One Global Ltd a 50% interest in its Galactica/Pegasus project in...
Mosman Oil and Gas Limited reported a full year net loss of A$2.1mm for the fiscal year ending June 30, 2024. The company's strategic...
bottom of page