Deltic Energy plc has completed the farm-out of five of its southern North Sea gas licences with Cairn Energy plc. SEISMIC Both companies have received approval from the Oil and Gas Authority and entered into joint operating agreements for licences. The agreement, through Cairn’s wholly owned subsidiary Nautical Petroleum Ltd, was first announced in August […]
Finance
Power Metal raises £10,500 through warrant exercise
Power Metal Resources plc raised £10,500 after receiving a notice to exercise warrants over 1,500,000 new ordinary shares of 0.1 pence each in the company. The warrant shares are being issued pursuant to the exercise of 1,500,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 pence each.
Condor raises £4.1m via private placement
Condor Gold plc has raised £4.1 million before expenses from a private placement through issuing new ordinary shares representing 8.7% of the company’s existing issued share capital. UNITS The company placed 11,714,286 units each at 35p including a directors and chief financial officer’s subscription. Four directors Mark Child, Andrew Cheatle, Ian Stalker and Jim Mellon, […]
Cairn shareholders approve Catcher-Kraken sale
Cairn Energy plc has received shareholder approval for the US$460 million sale of its Catcher and Kraken interests in the North Sea. The deal involves Cairn’s interest of 20% in Catcher and 29.5% in Kraken to Norwegian company Waldorf Production Ltd. The company’s shareholders voted on the proposal at a general meeting on 28 October.
Strategic Minerals raises £400,000 via directors’ dealings
Strategic Minerals plc has raised £400,000 before expenses by way of a placing and subscription of 106,666,667 new ordinary shares of 0.1p each at a price of 0.375p per share. DIRECTORS DEALINGS Peter Wale (executive director) and John Peters (managing director) have each agreed to subscribe for 4 million placing shares pursuant to the placing. […]
Power Metal raises £40,000 with warrant exercise
Power Metal Resources plc has raised £40,000 after receiving notices to exercise warrants over 4,000,000 new ordinary shares of 0.1 pence each in the company. The warrant shares are being issued pursuant to the exercise of 4,000,000 warrants at an exercise price of 1.0 pence per ordinary share of 0.1 pence each in the company.