Prospex Energy plc has raised £859,323.60 via a “significantly oversubscribed” wrap retail offer for 14,322,060 new ordinary share at an issue price of 6 pence per share. The proceeds add to the placing and subscription earlier this week, taking the total raised to approximately £4.2 million. Following admission of the placing, subscription and wrap retail […]
Tag: oil and gas
Predator begins Sandjet rigless testing on MOU-3
Predator Oil & Gas Holdings plc has begun Sandjet rigless testing on the MOU-3 well at Guercif in Morocco. MOMENTUM Following the June arrival of initial equipment, testing tools and chemicals required for rigless testing operations were imported into Morocco. The company said that remaining rigless testing equipment arrived after clearance on 2 August, with […]
Prospex raises £3.34m for stake in Viura
Prospex Energy plc has raised £3.34 million to acquire up to a 10% indirect interest in the Viura producing gas field in northern Spain. HEYCO The company’s original placing and subscription was of 54.5m new ordinary shares of 0.1p, at 6 pence per share. The placing increased from 47.5m new ordinary shares announced yesterday to […]
Helium One encounters ‘higher’ shows in ITW-1
Helium One Global plc said it had encountered higher shows than previously after it re-entered and deepened the Itumbula-1 West well at Rukwa in Tanzania. DEPTH The company said that existing hole conditions were “very good”, enabling re-entry beneath the 9⅝” shoe. Drilling into the Basement has now reached a new total depth of 1,129m measured […]
Kistos issues 1.7m incentive share options
Kistos Holdings plc has issued in total 1,776,923 share options to certain directors and also adopted its share incentive plan for qualifying employees and subsidiaries. DIRECTORS The issued options over ordinary shares of £0.01 each in the company, under the 2021 equity incentive plan, have an exercise price of £1.30 per ordinary share. The EIP […]
UKOG issues shares for employee benefit scheme
UK Oil & Gas plc directors agreed a subscription of 476,897,760 ordinary shares to take its employee benefit trust to the original 10% level of the company’s issued share capital. PLACING Employee benefit trustees trustees, Altum Trustees Ltd, subscribed for the ordinary shares at a price per share of £0.000001. The company said that the move […]