Sunda Energy plc has raised a total of £710,000, via a subscription and a now completed retail offer, for an aggregate 2.84 billion shares and 1.42bn warrants. TVRs The 15 October subscription raised gross £240,000 for 960 million new ordinary shares at the issue price, along with 480m warrants. The retail offer was oversubscribed and […]
Tag: oil and gas
Helium One allots 1.6bn shares in final CLN
Helium One Global Ltd agreed the final conversion totalling £3,500,000 from investors at 0.218p and the allotment of 1,605,504,587 new ordinary shares, with shareholders’ approval. TVRs The funds went towards the company’s wholly owned helium project in the Southern Rukwa Basin in Tanzania and its 50% working interest in the Galactica-Pegasus project in Colorado, USA. Helium One has […]
Corcel notes acceleration of warrants exercises
Corcel plc said that the acceleration clause of the outstanding 1,666,875,000 warrants issued on February 2025, and valued at £3.7 million, had been triggered. TVRs A total of 31,250,000 warrants were exercised in June 2025, with the number of warrant exercises to date totalling 1,332,500,000, for £2,998,125. Of the 1,332,500,000 warrants exercised, 332,500,000 fell under […]
Serica plans to buy BP’s stake in Culzean field
Serica Energy plc plans to buy BP’s 32% non-operated working interest in UK central North Sea licences P111, containing the Culzean gas condensate field, and the adjacent P2544, for $232 million cash. WORLD-CLASS The purchase is subject to a 30-day pre-emption period during which Culzean partners – operator TotalEnergies holding 49.99%, and NEO NEXT (18.01%) […]
Helium One JV on track for first gas
Helium One Global Ltd said its joint venture with Blue Star Helium remained on schedule for first gas during December 2025 at the Galactica project in Las Animas County, Colorado, USA. PROCESSING Foundation and preparatory work are nearly complete with well site tie-ins, gas gathering system and facility site construction planning being finalised. Mobilisation for […]
Angus agrees non-binding terms for Trafigura debt
Angus Energy pl has agreed non-binding terms with Trafigura to restructure its debt in order to provide a “stable financial platform to support future operations”. ACQUISITION The terms are subject to final agreements on new covenants, revised terms with the overriding royalty interest holders, and deferred payment owed to Forum Energy Services Ltd. The company’s […]