Ascent Resources plc granted options over a total of 30 million ordinary shares of £0.005, to its non-executive chairman and a non-executive director, under individual share option agreements. INTERESTS Jean-Michel Doublet and Edouard Etienvre each received 15 million options with an exercise price of 0.65 pence per ordinary share. The options vest in three tranches […]
Tag: oil and gas
Ascent signs binding brines deal for Utah licences
Ascent Resources plc and its partner American Helium LLC have signed a binding agreement, allowing a third party to access inactive oil and gas wells on their licences in the Paradox Basin in Utah, USA. EXPLORATION The deal with Utah Brine Corporation, a special purpose vehicle set by Australian outfit Neometals Ltd and its US […]
Corcel raises £3.6m
Corcel plc has raised £3.6 million via a subscription with “a number” of its existing strategic investors, for 950m new ordinary shares of £0.0001 each, at a price of £0.004 per share. TVRs The company said that the shareholders had made the approach in order to increase their investment at the current market price. Each […]
Prospex raises £2m from CLN
Prospex Energy plc has raised £2 million through its unsecured convertible loan notes, including £653,950 from an extended offering. GAS The overall figure is 25% greater than the initial target of £1.6m, due to strong demand. Net proceeds will support the company’s onshore gas projects, including expenditure in Italy and Spain. The company said its […]
Reabold raises £1.9m
Reabold Resources plc has raised £1.9 million through a subscription by an investor group, led by US-based investor Rohan Oza, for a total of 1.9 billion new ordinary shares of 0.1 pence each. WEST NEWTON Rohan Oza is believed to be the cousin of Reabold’s co-chief executive officer Sachin Oza. The placing price of 0.1 […]
Borders issues 105,000 new shares
Borders & Southern Petroleum plc has issued 105,263 new ordinary shares of one pence each, following notice from non-executive director Will Hodson to exercise warrants. TVRs The exercise was at a price of 10p per warrant share, for a total of £10,526.30. Following admission, the company’s total issued share capital will comprise 879,420,674 ordinary shares, each with voting […]