Union Jack Oil plc joint venture has further deferred the spud date of the Crossroads well in southern Oklahoma, USA. OIL CREEK SAND Partner and operator Reach Oil and Gas Company Inc halted work in mid-April for rig maintenance and repair, and had expected to restart before the end of the month Union Jack today […]
Tag: oil and gas
Star conditionally raises £8.5m
Star Energy Group plc has conditionally raised gross £8.5 million, through the placing of 56,716,664 shares to new and existing investors. DIRECTORS The company also plans to raise £600,000 through a retail offer of up to four million shares for existing shareholders, with the result expected on 7 May 2026. Star directors also took part […]
Red Rock issues 158m shares
Red Rock Resources plc has issued 158,410,903 ordinary shares of £0.0001 each, to settle accrued interest on a £233,466 convertible loan, at a price of £0.000235 per share. TVRs Following admission, the company’s issued share capital will comprise 9,402,920,277 ordinary shares, each with equal voting rights. The company holds no ordinary shares in treasury. Red […]
Sunda investors back capital reorganisation
Sunda Energy plc has received shareholder support for a capital reorganisation, which results in 34,501,863,365 ordinary shares reduced to 345,018,634 new ordinary shares. DIRECTORS Shareholders also approved admission of 26,890,755 conditional subscription shares and 13,606,029 retail offer shares, from fundraises earlier this month. Sunda is also now authorised to grant 28,571,426 subscription warrants and 6,802,977 […]
Serica completes $300m bond placement
Serica Energy plc has completed a placement of $300 million of new five-year senior unsecured bonds, with a coupon rate of 7.875% per annum. OPPORTUNITIES The bond placement met “strong” demand and was “significantly” oversubscribed by high-quality investors across the Nordics, UK and other regions. Settlement of the bond issue is expected on or about […]
Block completes $6.3m fundraise
Block Energy plc has raised US$6.3 million (£4.66m) from a private placement and retail offer to fund its investment in two oil and gas production sharing contracts, offshore Gabon. TVRs The company raised $6.23 million (£4.61m) through the placing of 418,701,200 shares, at the issue price of 1.1 pence per ordinary share. The retail offer […]