Core Viewpoint - Reconnaissance Energy Africa Ltd is making significant progress in drilling the Kavango West Well in Namibia, with expectations to reach the Otavi reservoir soon, which could have a transformative impact on the company and the region [1][3][4]. Drilling Progress - Drilling commenced in late July and has reached a depth of approximately 1,900 meters, with plans to set the next casing string at around 2,400 meters in the coming weeks [1][3]. - The next casing string at 2,400 meters is crucial as it precedes drilling into the main objective, the Otavi reservoir [3][5]. Significance of the Area - The Damara Fold Belt is identified as a new play in Namibia, with the Kavango West Well being drilled following encouraging results from a previous well [4]. - Estimates suggest the potential for around 340 million barrels of oil un-risked and approximately 30 million barrels risked, indicating a significant opportunity if successful [4]. Data Collection and Analysis - While drilling, the company collects data through cuttings and rock observations, but the main objective is not yet reached, and no significant findings are expected until drilling into the Otavi reservoir [5]. - The Otavi section is expected to be around 1,500 to 1,800 meters thick, presenting a highly prospective drilling opportunity [5]. Communication Strategy - The company plans to provide updates only after reaching total depth to ensure a comprehensive analysis and high certainty in disclosures [6]. - There is considerable industry interest in the well, highlighting its potential impact on the company and the broader sector [7].

TORONTO, Sept. 05, 2025 (GLOBE NEWSWIRE) -- Altai Resources Inc. (TSXV: ATI) (“Altai” or the “Company”) announced today that in connection with the Company’s claim filed in the Superior Court of Quebec (the “Court”) in 2022 (the “Claim”) against the Ministry of Energy and Natural Resources (Quebec), the Government of Quebec, as represented by the Attorney General of Quebec, and the Attorney General of Quebec (collectively, the “Defendants”), seeking compensatory damages from the Defendants for the expropria ...

CALGARY, Alberta, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) is pleased to provide a drilling update on the Kavango West 1X exploration well that spud on July 31, 2025. Brian Reinsborough, President and CEO of the Company commented: "Our operations team members in Namibia are doing an excellent job on the drilling the Kavango West well, both efficiently and safely. Drilling remains on schedule, ...

Financial Performance - As of June 30, 2025, the company reported C$5.3 million in cash and cash equivalents, an increase from C$3.2 million as of March 31, 2025 [2] - Working capital was C$4.9 million, slightly down from C$5.0 million in the previous quarter [2] - The company has no debt [2] Production and Operations - During the quarter ending June 30, 2025, the Badr Oil Field ("BED-1") wells produced an average of 110 barrels of oil per day [2] - Crude oil sales for the same period averaged 91 barrels of oil per day [2] Strategic Initiatives - The company is participating in an open bid for a strategic asset acquisition in Egypt, with the process scheduled to close on September 30, 2025 [3] - TAG Oil is seeking to secure an industry partner to accelerate further drilling at the BED-1 field, with Expressions of Interest from qualified parties due by September 30, 2025 [3] Company Overview - TAG Oil is a Canadian-based international oil and gas exploration company focused on operations and opportunities in the Middle East and North Africa [4]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Sable Offshore Corp. regarding a class action lawsuit due to alleged misleading statements made by the company during a specific period [1][4]. Group 1: Class Action Details - The class period for the lawsuit is from May 19, 2025, to June 3, 2025, including transactions related to the company's secondary public offering on May 21, 2025 [3]. - Shareholders are encouraged to register for the class action and can do so without any cost or obligation [5]. Group 2: Allegations Against Sable Offshore Corp. - The complaint alleges that Sable Offshore Corp. falsely claimed to have restarted oil production off the coast of California when it had not, leading to materially false and misleading statements about the company's business and operations [4]. - The lawsuit claims that investors suffered damages when the true details about the company's operations were revealed [4]. Group 3: Next Steps for Shareholders - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates throughout the case [5]. - The deadline for seeking lead plaintiff status is September 26, 2025 [5]. Group 4: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [6].

Core Viewpoint - Helium Evolution Incorporated (HEVI) has secured a strategic financing agreement with ENEOS Xplora Inc. for a convertible note valued at $8.3 million, increasing ENEOS Xplora's total investment in HEVI to $12.8 million, which will support HEVI's operations and growth in the helium sector [1][3]. Financing Details - The proceeds from the convertible note will fund HEVI's 20% working interest in the Soda Lake Facility and support drilling activities in the Mankota area, with operations expected to commence in Q4 2025 [2]. - The financing is set to close on August 29, 2025, and the note is convertible into common shares at a minimum price of $0.205 per share, subject to certain milestones [4][5]. Production and Royalties - HEVI has granted ENEOS USA a gross overriding royalty (GORR) on production from three designated wells tied into the Soda Lake Facility, structured on a sliding scale based on gross sales [6][9]. - The GORR includes 5% of gross sales in the first year, decreasing to 2% thereafter, which aligns with HEVI's production strategy [9]. Strategic Importance - This financing is viewed as a significant step in HEVI's growth trajectory, enhancing its financial foundation and positioning the company as a near-term helium producer [3]. - The Soda Lake Facility is considered a cornerstone project that will provide stable processing capacity and growth opportunities for shareholders [3]. Company Background - Helium Evolution is recognized as holding the largest helium land rights position in North America among publicly traded companies, with over five million acres under permit in southern Saskatchewan [14]. - The company aims to become a leading supplier of sustainably-produced helium to meet the growing global demand [14].

Sinopec deploys 65,000 Sercel land nodes for complex 3D survey in Mexico Paris, France – August 26, 2025 Viridien has announced that its Sensing & Monitoring business line, marketed under the Sercel brand, has sold and successfully delivered a complete land nodal acquisition system to Sinopec, one of the world’s leading energy companies. The system, featuring 65,000 WiNG nodes, is currently being deployed to acquire a 3D seismic survey spanning approximately 3,000 square kilometers in the Tabasco and Veracr ...

Sinopec deploys 65,000 Sercel land nodes for complex 3D survey in Mexico Paris, France – August 26, 2025 Viridien has announced that its Sensing & Monitoring business line, marketed under the Sercel brand, has sold and successfully delivered a complete land nodal acquisition system to Sinopec, one of the world’s leading energy companies. The system, featuring 65,000 WiNG nodes, is currently being deployed to acquire a 3D seismic survey spanning approximately 3,000 square kilometers in the Tabasco and Veracr ...

Core Viewpoint - Reconnaissance Energy Africa Ltd. has filed its fiscal second quarter disclosure documents for the period ended June 30, 2025, including unaudited consolidated financial statements and Management's Discussion and Analysis [1] Operational and Corporate Update - The company spud the Kavango West 1X exploration well on July 31, 2025, and drilling is currently on schedule [2][3] - The company expects to penetrate the Otavi reservoir by late October and reach total depth by the end of November 2025, with well results anticipated around year-end [2][3] Financial Update - On June 17, 2025, the company closed a C$19 million equity financing, which was upsized from the originally announced C$10 million offering [7]

Core Points - Guardian Exploration Inc. has issued 200,000 common shares at a deemed price of $0.115 per share to retire $23,000 of indebtedness to an arm's length contractor [1] - The completion of the debt settlement was subject to conditional approval from the TSX Venture Exchange, which has been obtained [1] - All shares issued in connection with the debt settlement are subject to a statutory four-month hold period in accordance with applicable securities laws [2] Company Overview - Guardian Exploration Inc. is a TSXV listed company engaged in oil and gas as well as mineral exploration and development [3] - The company's prospects include the Mount Cameron Property in the Yukon's Mayo Mining District, mineral claims on southern Dall Island in Southeast Alaska known as the Kaigani claims, and the Sundog and Esker gold projects located in the Kivalliq Region, Nunavut [3]