Borders & Southern Petroleum plc has raised £2.5 million before expenses through a firm placing and a conditional placing and conditional subscription. ISSUE PRICE Subject to the shareholder approval, the company will issue 142,857,138 new ordinary shares each at 1.75 pence, an approximate 44% discount to its closing price of 3.15 pence on 30 November […]
Capricorn Energy plc’s expected $25 – $50m contingent payment hangs in the balance after first oil was moved to next year from the Sangomar field development, offshore Senegal. SPA AGREEMENT The change of date comes after Australian operator Woodside Petroleum’s today targeted first oil, initially due in late 2023, to mid-2024. Capricorn said that it […]
United Oil & Gas plc has received approval from authorities in Italy to transfer ownership of the company’s Italian assets to Prospex Energy plc. SPA UOG Italia Srl holds a 20% non-operated interest in the Podere Gallina licence, which contains the Selva gas development project. In August 2021, United signed a conditional sales and purchase […]