top of page

Peak Helium Fails to Pay A$3mm to Central Petroleum

Central Petroleum revealed that Peak Helium has overdue payments of over A$3mm under the farmout agreement. This puts the planned three well sub-salt exploration program for Mahler, Dukas, and Jacko Bore at risk. Central has been approached by Peak Helium and its financiers to restructure their broader arrangements with all joint venture parties to prioritise drilling at EP 125 (Jacko Bore well), given the prospect is a discovery having already produced gas to surface with relatively high helium and hydrogen concentrations.

Want to read more?

Subscribe to to keep reading this exclusive post.

Recent Posts

See All

Proton Green Q1'24 Results: Running Low on Cash

Proton Green generated helium revenue of US$222k in Q1’24 through the sale of 459mcf of helium, implying a price of US$484/mcf. Despite this, the company faced higher costs, with operating costs at US

Royal Helium Q1'24 Results; ~1mmcf Helium Sold

Royal Helium reported its Q1'24 results after an active quarter. The company reported helium revenues of C$819k (or ~US$600k), which it sold at its previously agreed contract price of US$625/mcf. Alth


Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
bottom of page