Sunda Energy plc has conditionally raised up to £6.7 million to buy production and exploration permits, onshore Taranaki Basin on the west coast of New Zealand’s North Island. TVRs The fundraise involved Alumni Capital’s firm subscription which raised £900,000 at 0.02975 pence per share Alumni Capital also provided a convertible loan note for £4,250,000, conditional […]
Tag: acquisition
Serica completes GLA acquisition
Serica Energy plc has completed its acquisition of a 40% operated interest in the Greater Laggan Area and associated infrastructure, along with operated licence interests in four near-field exploration blocks. GROWTH The purchase from TotalEnergies gives the company a new operated hub in the West of Shetland basin. Serica said that current net production is […]
Harbour completes $3.2bn acquisition of LLOG
Harbour Energy plc has completed its $3.2 billion acquisition of LLOG Exploration Company LLC, operating in the Gulf of Mexico (Gulf of America). TVRs The purchase is through $2.7 billion cash and 174,855,744 new Harbour voting ordinary shares to the seller LLOG Holdings, L.L.C. with a value of $500m. Harbour used a $1bn bridge facility, a $1bn […]
Alba investors to vote on further stake in Motzfeldt
Alba Mineral Resources plc shareholders are due to vote on the company’s purchase of a further 25.5% stake in the Motzfeldt niobium-tantalum-zirconium-rare earth element project, located in South Greenland. TRANSPORT The acquisition for a total of £518,070 in Alba shares would give the company a 51% controlling interest in and operatorship of the project, which […]
Harbour enters Gulf with $3.2bn acquisition
Harbour Energy plc has entered the Gulf of Mexico (America) with the $3.2 billion (£2.4bn) purchase of LLOG Exploration Company LLC. PRODUCTION The proposed purchase from LLOG Holdings LLC comprises $2.7bn (£2bn) cash and $500 million (£371m) in 174,855,744 Harbour’s voting ordinary shares each at 205 pence. An underwritten $1bn (£740,000) bridge facility, a $1bn term […]
Harbour buys Waldorf assets for $170m
Harbour Energy plc has agreed to buy for $170 million (£127m) the UK North Sea assets of Waldorf Energy Partners Ltd and Waldorf Production Ltd, currently in administration. CAPRICORN The company said that the binding share sale and purchase is expected to add 20 thousand barrels of oil equivalent per day, and 2P reserves of […]