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 […]
Tag: oil and gas
Rockhopper extends South Falkland licences
Rockhopper Exploration plc has extended each of its oil production licences (100%) in the South Falkland Basin. FOCUS The licences, which were due to expire on 3 December 2022, will remain valid until 3 December 2024. Chief executive Samuel Moody said that the company would continue to focus on working with Navitas Petroleum LP to develop […]
Orcadian signs core services MoU for Pilot oil field
Orcadian Energy plc has signed a binding memorandum of understanding with SLB to deliver core services for the wells on the company’s Pilot oil project in the North Sea. TECHNOLOGIES The companies and chosen well operator Petrofac will plan a comprehensive project agreement with a strong focus on decarbonisation. Orcadian chief executive Steve Brown said […]
Helium One issues 84,745 shares in warrant exercise
Helium One Global Ltd said it had received notice to exercise warrants over a total of 84,745 ordinary shares each at 3.55 pence. Following admission, the company’s issued share capital will comprise 622,356,286 ordinary shares with none such shares held in treasury.
JOG hopeful of GBA farm-out
Jersey Oil & Gas plc (JOG) said it hoped for a farm-out agreement by the end of 2022 or during Q1 2023 for its assets in the Central North Sea. VERBIER EXTENSION The news comes as the company announced that the North Sea Transition Authority (NSTA) had extended its P2170 ‘Verbier’ licence for a second […]
Predator directors’ share options-loan raise £1.25m
Predator Oil & Gas Holdings plc’s directors have raised a total £1,256,880 through the exercise of share options and a loan. SHARE OPTIONS The exercise notices are from executive directors Paul Griffiths for 7,855,486 share options and Lonny Baumgardner for 7,855,486 share options issued to them in the company’s unapproved share option schemes between 2018 […]