BLACK MOUNTAIN ENERGY LTD

BLACK MOUNTAIN ENERGY LTD (ASX: BME)

Black Mountain Energy (BME) is participating in the drilling of a well in the Permian Basin on its Half Moon Prospect, commencing in early June and with production expected in about 90 days.
The well will appraise the 3rd Bone Spring interval with BME holding an 11.7% working interest following pooling with Manzano Energy.
Multiple drilling locations may exist on the acreage, with data from the first well helping to characterize a full field development plan, and the company looking to quickly monetize the prospect.

2023-06-01 08:20:00

Black Mountain Energy Ltd has received a proposal to drill a well in the Permian Basin on its Half Moon Prospect.
The project is expected to commence in June 2023, and BME's working interest is around 11.7%.
Technical workflows show potential upside across the acreage, and the new appraisal data will help guide future development plans.

2023-05-25 08:19:00

Black Mountain Energy Ltd provides an operational update for the Half Moon prospect.
The Company's working interest for the acquired wells is confirmed in a Division Order.
Technical workflows are in progress to unlock value and explore opportunities to increase revenue from the region.

2023-04-03 10:14:00

2 for 3 pro rata renounceable entitlement offer to raise up to approximately $4.25 million before costs.
Offer price of $0.025 per New Share representing a 37.5 % discount to the last closing share price and a 39.6% discount to the 5 day VWAP.
Major shareholder commitments from Rhett Bennett.

2023-02-20 08:03:00

Black Mountain Energy Ltd acquires US based oil and gas fields from Earthstone Energy for cash consideration of US$2 million.
1,800 gross mcf epd and potential to unlock further value from existing fields.
Remains debt free post acquisition.

2023-01-25 11:44:00