Finance News Oil & Gas

Baron REX retail offer reaches two thirds target

Baron Oil plc raised gross proceeds of approximately £0.36 million through the REX retail offer, slightly less than two thirds its approximate target. TOTAL AMOUNT The company will issue a total of 302,856,299 new ordinary shares at the issue price. Baron Oil said yesterday it would offer existing shareholders up to 833,333,333 new ordinary shares of […]

Finance News Oil & Gas

Baron raises £6m for Timor Leste-North Sea assets

Baron Oil plc has conditionally raised £6 million before expenses via a placing, subscription and a retail offer. DIRECTORS’ DEALINGS The placing was for a total 4,166,666,667 new ordinary shares of 0.025p each in the company at 0.12 pence per new ordinary share. Chief executive Andrew Yeo subscribed for 8m new ordinary shares, taking his holding to 193m, […]

Finance News Oil & Gas

Europa posts £6.6m revenue and 183% production rise

Europa Oil & Gas (Holdings) plc saw revenue more than quadruple and onshore oil production increase by 183% mainly from its share in the Wressle joint venture in the East Riding of Yorkshire. FINANCES The company’s final results for the year to 31 July 2022 showed revenues of £6.6 million (2021: £1.4m), and pre-tax profit […]

Finance Metals & Minerals News

Alba conditionally raises £500,000 via placing

Alba Mineral Resources plc has raised £500,000 before expenses through the issue of 500 million new ordinary shares at a price of 0.1 pence per ordinary share. Each subscriber in the discounted placing will receive one warrant for every two subscribed shares, for a total of 250 million warrants.  The warrants will have an exercise price of 0.2 pence per share and […]